Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 75

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 75
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 months ended June 30, 2025 from the comparable period in the prior year, primarily due to an increase of $299 thousand in gains on sale of Small Business Administration loans.

Noninterest Expense

The following table presents noninterest expense 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)20252024AmountPercent20252024AmountPercentSalaries, benefits and commissions$31,536 $30,187 $1,349 4.5 %$62,362 $61,525 $837 1.4 %Net occupancy2,739 2,679 60 2.2 5,592 5,551 41 0.7 Equipment1,043 1,088 (45)(4.1)2,165 2,199 (34)(1.5)Data processing4,408 4,161 247 5.9 8,772 8,656 116 1.3 Professional fees1,597 1,466 131 8.9 3,394 3,154 240 7.6 Marketing and advertising498 715 (217)(30.3)851 1,131 (280)(24.8)Deposit insurance premiums1,074 1,098 (24)(2.2)2,225 2,233 (8)(0.4)Intangible expenses131 188 (57)(30.3)261 375 (114)(30.4)Other expense7,306 7,126 180 2.5 14,038 13,958 80 0.6 Total noninterest expense$50,332 $48,708 $1,624 3.3 %$99,660 $98,782 $878 0.9 %

Three and six months ended June 30, 2025 versus 2024 

Noninterest expense for the three months ended June 30, 2025 was $50.3 million, an increase of $1.6 million, or 3.3%, from the three months ended June 30, 2024. Noninterest expense for the six months ended June 30, 2025 was $99.7 million, an