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Univest Financial Corporation Reports Second Quarter Results
UVSPUnivest(UVSP) GlobeNewswire News Room·2024-07-24 20:15

Noninterest Income Other income decreased 477thousand,or39.0477 thousand, or 39.0%, for the quarter ended June 30, 2024 compared to the three months ended June 30, 2023. Fees on risk participation agreements for interest rate swaps decreased 710 thousand due to reduced customer demand. Additionally, the second quarter of 2023 included a loss of 250thousandonthesaleofaninterestinasharednationalcredit.TaxProvisionNetloanandleasechargeoffswere250 thousand on the sale of an interest in a shared national credit. Tax Provision Net loan and lease charge-offs were 809 thousand for the three months ended June 30, 2024 compar ...