Univest Financial Corporation Reports Second Quarter Results

Noninterest Income Other income decreased $477 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 $250 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 ...