Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 178

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 8
Chunk 178
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 30, 2025 was related to increases in noninterest expense, primarily in salaries benefits and commissions, driven by annual merit increases and increased commissions paid to revenue producers.

Capital Adequacy

Quantitative measures established by regulation to ensure capital adequacy require the Corporation and the Bank to maintain minimum capital amounts and ratios as set forth in the following table. To comply with the regulatory definition of well capitalized, a depository institution must maintain minimum capital amounts and ratios as set forth in the following table.

Under current rules, in order to avoid limitations on capital distributions (including dividend payments and certain discretionary bonus payments to executive officers), a banking organization must hold a capital conservation buffer comprised of common equity Tier 1 capital above its minimum risk-based capital requirements in an amount greater than 2.50% of total risk-weighted assets. The Corporation's and Bank's intent is to maintain capital levels in excess of the capital conservation buffer, which requires Tier 1 Capital to Risk Weighted Assets to exceed 8.50% and Total Capital to Risk Weighted Assets to exceed 10.50%. The Corporation and the Bank were in compliance with these requirements at September 30, 2025.

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Table 5—Regulatory Capital

The Corporation's and Bank's actual and required capital ratios as of September 30, 2025 and December 31, 2024 under regulatory capital rules were as follows.

 ActualFor Capital AdequacyPurposesTo Be Well-CapitalizedUnder PromptCorrective ActionProvisions(Dollars in thousands)AmountRatioAmountRatioAmount  Ratio  At September 30, 2025Total Capital (to Risk-Weighted Assets):Corporation$994,138 14.28%$556,767 8.00%$695,958 10.00%Bank871,152 12.58 553,924 8.00 692,405 10.00 Tier 1 Capital (to Risk-Weighted Assets):Corporation793,504 11.40 417,575 6.00 556,767 8.00 Bank784,554 11.33 415,443 6.00 553,924 8.00 Tier 1 Common Capital (to Risk-Weighted Assets):Corporation793,504 11.40 313,181 4.50 452,373 6.50 Bank784,554