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Univest Financial Corporation UVSP Banking1 — Provision for Credit Losses
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Where this comes from
Reported directly by Univest Financial Corporation in its filing.
Tagged under the XBRL concept us-gaap:ProvisionForLoanLeaseAndOtherLosses.
The source filing: Univest Financial Corporation’s 10-Q, filed July 28, 2026.
- Filed
- Jul 28, 2026, 2:15 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000102212-26-000037
| (Dollars in thousands) | Three Months Ended / Banking | Three Months Ended / Wealth Management | Three Months Ended / Insurance | Three Months Ended / Other | Three Months Ended / Consolidated |
|---|---|---|---|---|---|
| Net interest income (expense) | 67,876 | 14 | — | (1,642) | 66,248 |
| Noninterest income | 4,306 | 8,406 | 5,355 | 39 | 18,106 |
| Total revenue | 72,182 | 8,420 | 5,355 | (1,603) | 84,354 |
| Provision for credit losses | 2,672 | — | — | — | 2,672 |
| Less: (1) | |||||
| Salaries, benefits and commissions | 19,806 | 4,518 | 3,717 | 5,167 | 33,208 |
| Net occupancy | 2,391 | 128 | 151 | 268 | 2,938 |
| Equipment | 833 | 11 | 22 | 256 | 1,122 |
Item 1. Financial Statements (Unaudited)
FAQ
- What is Univest Financial Corporation's banking1 — provision for credit losses?
- Univest Financial Corporation (UVSP) reported banking1 — provision for credit losses of $2.67M in Q2 2026.
- How has Univest Financial Corporation's banking1 — provision for credit losses changed year-over-year?
- Univest Financial Corporation's banking1 — provision for credit losses decreased by 53.1% year-over-year, from $5.69M to $2.67M.
- What is the long-term trend for Univest Financial Corporation's banking1 — provision for credit losses?
- Over 3 years (2022 to 2025), Univest Financial Corporation's banking1 — provision for credit losses has grown at a -1.5% compound annual growth rate (CAGR), from $12.2M to $11.67M.
- What does banking1 — provision for credit losses mean?
- This represents the expense charged to earnings to maintain the allowance for loan and lease losses at a level deemed adequate to cover estimated credit losses. It reflects management's assessment of the credit quality of the loan portfolio and the current economic outlook. An increase in this provision typically signals anticipated deterioration in asset quality or growth in the loan portfolio.
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