Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 38

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 1
Chunk 38
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 real estate owned at September 30, 2025 or December 31, 2024.(Dollars in thousands)At September 30, 2025At December 31, 2024Foreclosed residential real estate$3,981 $234 Lease FinancingsThe following presents the schedule of minimum lease payments receivable:(Dollars in thousands)At September 30, 2025At December 31, 20242025 (excluding the nine months ended September 30, 2025)$24,672 $91,125 202688,620 76,977 202768,425 56,881 202844,127 32,899 202922,965 12,101 Thereafter8,317 1,964 Total future minimum lease payments receivable257,126 271,947 Plus: Unguaranteed residual1,442 1,485 Plus: Initial direct costs2,921 3,156 Less: Imputed interest(30,323)(31,927)Lease financings$231,166 $244,661 

Note 5. Goodwill and Other Intangible Assets

The Corporation has goodwill from acquisitions which is deemed to be an indefinite intangible asset and is not amortized. Changes in the carrying amount of the Corporation's goodwill by business segment for the nine months ended September 30, 2025 were as follows:(Dollars in thousands)BankingWealth ManagementInsuranceConsolidatedBalance at December 31, 2024$138,476 $15,434 $21,600 $175,510 Addition to goodwill from acquisitions— — — — Balance at September 30, 2025$138,476 $15,434 $21,600 $175,510 The Corporation also has core deposit and customer-related intangibles, which are not deemed to have an indefinite life and therefore will continue to be amortized over their useful life using the present value of projected cash flows.

30

 The following table reflects the components of intangible assets at the dates indicated:At September 30, 2025At December 31, 2024(Dollars in thousands)Gross Carrying AmountAccumulated Amortization (1)Net Carrying AmountGross Carrying AmountAccumulated Amortization (1)Net Carrying AmountAmortized intangible assets:Core deposit