Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 147

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 8
Chunk 147
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 and non-profit organizations. These services include a full range of banking services such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing.●The Wealth Management segment offers investment advisory, financial planning and trust and brokerage services. The Wealth Management segment serves a diverse client base of private families and individuals, municipal pension plans, retirement plans, trusts and guardianships.●The Insurance segment includes a full-service insurance brokerage agency offering commercial property and casualty insurance, employee benefit solutions, personal insurance lines and human resources consulting.The following tables provide reportable segment-specific information, as well as the Other Segment, and reconciliations to the condensed consolidated financial information for the three and six months ended June 30, 2025 and 2024. Three Months EndedJune 30, 2025(Dollars in thousands)BankingWealth ManagementInsuranceOtherConsolidatedInterest income$105,691 $15 $— $— $105,706 Interest expense43,883 — — 2,282 46,165 Net interest income (expense)61,808 15 — (2,282)59,541 Noninterest income8,524 7,667 5,270 40 21,501 Total revenue70,332 7,682 5,270 (2,242)81,042 Provision for credit losses5,694 — — — 5,694 Less: (1)Salaries, benefits and commissions18,379 4,502 3,587 5,068 31,536 Net occupancy2,182 128 154 275 2,739 Equipment889 10 27 117 1,043 Data processing2,585 374 144 1,305 4,408 Professional fees600 187 15 795 1,597 Marketing and advertising335 30 10 123 498 Deposit insurance premiums1,074 — — — 1,074 Intangible expense49 — 82 — 131 Other segment items (2)5,717 544 170 875 7,306 Intersegment expense (revenue) (3)6,211 131 117 (6,459)— Income (loss) before income taxes$26,617 $1,776 $964 $(4,341)$25