Company: UVSP
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000102212-25-000019
Chunk: 130

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 8
Chunk 130
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5(Dollars in thousands)BankingWealth ManagementInsuranceOtherConsolidatedInterest income$103,400 $16 $— $— $103,416 Interest expense44,354 — — 2,281 46,635 Net interest income (expense)59,046 16 — (2,281)56,781 Noninterest income7,641 7,833 6,906 35 22,415 Total revenue66,687 7,849 6,906 (2,246)79,196 Provision for credit losses2,311 — — — 2,311 Less: (1)Salaries, benefits and commissions18,449 4,356 3,676 4,345 30,826 Net occupancy2,288 122 179 264 2,853 Equipment987 10 25 100 1,122 Data processing2,572 353 144 1,295 4,364 Professional fees576 323 14 884 1,797 Marketing and advertising159 28 12 154 353 Deposit insurance premiums1,151 — — — 1,151 Intangible expense47 — 83 — 130 Other segment items (2)5,189 530 216 797 6,732 Intersegment expense (revenue) (3)6,874 128 117 (7,119)— Income (loss) before income taxes$26,084 $1,999 $2,440 $(2,966)$27,557 Income tax expense (benefit)5,077 406 543 (864)5,162 Net income (loss)$21,007 $1,593 $1,897 $(2,102)$22,395 Net capital expenditures$1,490 $7 $6 $362 $1,865 

38

Three Months EndedMarch 31, 2024(Dollars in thousands)BankingWealth ManagementInsuranceOtherConsolidatedInterest income$98,582 $18 $— $9 $98,609 Interest expense44,861 — — 2,281 47,142 Net interest income (expense)53,721 18 — (2,272)51