Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 62

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 1
Chunk 62
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 with the segment-level information that is regularly provided to the chief operating decision maker.(2) Other segment items for each reportable segment includes:Banking - loan and lease financing related fees, deposit and card service fees, and certain overhead expenses.Wealth Management - referral fees, clearing broker fees, and certain overhead expenses.Insurance - certain overhead expenses.Other - Board of Director fees, retirement costs, and certain overhead expenses.(3) Includes an allocation of general and administrative expenses from both the parent holding company and the Bank.  The following tables show significant components of segment net assets as of September 30, 2025 and December 31, 2024.At September 30, 2025(Dollars in thousands)BankingWealth ManagementInsuranceOtherConsolidatedOther segment disclosures:Cash and cash equivalents$727,636 $53,527 $35,576 $— $816,739 Loans and leases, including loans held for sale, net of allowance for credit losses6,705,285 — — — 6,705,285 Goodwill138,476 15,434 21,600 — 175,510 Other segment assets842,215 2,487 2,652 28,728 876,082 Total segment assets$8,413,612 $71,448 $59,828 $28,728 $8,573,616 

47

At December 31, 2024(Dollars in thousands)BankingWealth ManagementInsuranceOtherConsolidatedOther segment disclosures:Cash and cash equivalents$247,023 $50,149 $31,672 $— $328,844 Loans and leases, including loans held for sale, net of allowance for credit losses6,756,145 — — — 6,756,145 Goodwill138,476 15,434 21,600 — 175,510 Other segment assets839,359 3,485 2,828 22,246 867,918 Total segment assets$7,981,003 $69,068 $56,100 $22,246 $8,128,417 

Note 14. Contingencies

The Corporation is periodically subject to various pending and threatened legal actions, which involve claims for monetary relief. Based upon information presently available to the Corporation, it is the Corporation's opinion that any