Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 73

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 73
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837 Allowance for credit losses, loans and leases / loans and leases held for investment1.28 %1.28 %1.28 %1.28 %1.28 %

Noninterest Income

The following table presents noninterest income for the three and six months ended June 30, 2025 and 2024:

Three Months EndedSix Months Ended June 30,ChangeJune 30,Change(Dollars in thousands)20252024AmountPercent20252024AmountPercentTrust fee income$2,146 $2,008 $138 6.9 %$4,307 $4,116 $191 4.6 %Service charges on deposit accounts2,258 1,982 276 13.9 4,452 3,853 599 15.5 Investment advisory commission and fee income5,460 5,238 222 4.2 11,073 10,432 641 6.1 Insurance commission and fee income5,261 5,167 94 1.8 12,150 12,368 (218)(1.8)Other service fee income3,147 3,044 103 3.4 5,854 9,459 (3,605)(38.1)Bank owned life insurance income1,012 1,086 (74)(6.8)2,971 1,928 1,043 54.1 Net gain on mortgage banking activities981 1,710 (729)(42.6)1,628 2,649 (1,021)(38.5)Other income1,236 745 491 65.9 1,481 1,770 (289)(16.3)Total noninterest income$21,501 $20,980 $521 2.5 %$43,916 $46,575 $(2,659)(5.7 %)

Three and six months ended June 30, 2025 versus 2024 

Noninterest income for the three months ended June 30, 2025 was $21.5 million, an increase of $521 thousand, or 2.5%, from the three months ended June 30, 2024. Noninterest income for the six months ended June 30, 2025 was $43.9 million,