Company: UVSP
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000102212-25-000019
Chunk: 2

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 2
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,108 Service charges on deposit accounts2,194 1,871 Investment advisory commission and fee income5,613 5,194 Insurance commission and fee income6,889 7,201 Other service fee income2,707 6,415 Bank owned life insurance income1,959 842 Net gain on mortgage banking activities647 939 Other income245 1,025 Total noninterest income22,415 25,595 Noninterest expenseSalaries, benefits and commissions30,826 31,338 Net occupancy2,853 2,872 Equipment1,122 1,111 Data processing4,364 4,495 Professional fees1,797 1,688 Marketing and advertising353 416 Deposit insurance premiums1,151 1,135 Intangible expenses130 187 Other expense6,732 6,832 Total noninterest expense49,328 50,074 Income before income taxes27,557 25,556 Income tax expense5,162 5,251 Net income$22,395 $20,305 Net income per share:Basic$0.77 $0.69 Diluted0.77 0.69 

Note: See accompanying notes to the unaudited condensed consolidated financial statements.

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Table of Contents

UNIVEST FINANCIAL CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)Three Months Ended March 31,(Dollars in thousands)20252024BeforeTaxAmountTaxExpense(Benefit)Net ofTaxAmountBeforeTaxAmountTaxExpense(Benefit)Net ofTaxAmountIncome$27,557 $5,162 $22,395 $25,556 $5,251 $20,305 Other comprehensive income (loss):Net unrealized gains (losses) on available-for-sale investment securities:Net unrealized holding gains (losses) arising during the period7,160 1,504 5,656 (2,989)(628)(2,361)(Reversal of provision) provision for credit losses(93)(20)(73)86 18 68 Total net unrealized gains (losses) on available-for-sale investment securities7,067 1,484 5,583 (2,903)(610)(2,293)Net unrealized gains (losses) on interest