Univest Financial Corporation

Morning to all and thank you for joining us. UniVest Financial Corporation, second quarter 2025 island school. My name is Carly and I'll be coordinating the call today. If you'd like to register a questionnaire in the call you can do so by pressing the star followed by one on your telephone keypad and to remove yourself from that line of questioning, you can start with a by two. At that time, the VISTA host, Jeff Schwartz, will begin the call of choice.

Thank you Carly and good morning and thank you to all of our listeners for joining us. Joining me on the call this morning is Mike Kym, our Chief Operating Officer and President of UniVest Bank and Trust and Brian Richardson, our Chief Financial Officer. Before we begin, I would like to remind everyone of the forward-looking statements disclaimer. Please be advised that during the course of this conference call, management may make forward-looking statements that express management's intentions, beliefs, or expectations within the meaning of the federal securities law. UniVest's actual results may differ materially from those contemplated by these forward-looking statements. I will refer you to the forward-looking cautionary statements in our earnings release and in our SEC filings. Hopefully everyone had a chance to review our earnings release from yesterday. If not, it can be found on our website at univest.net under the investor relations tab. We reported net income of 20 million dollars during the second quarter or 69 cents per share. While loan outstanding is contracted by 31.9 million dollars during the quarter, production has remained solid through the first six months of the year. However, we continue to be impacted by early payoffs and paydowns. Overall, -to-date commercial loan production through June 30th was 507 million dollars compared to 402 million dollars in the prior year. However, this has resulted in contraction in loan outstanding -to-date of 25.4 million dollars compared to growth of 117.6 million dollars in the prior year. While deposits decrease 75.8 million dollars during the quarter, this was predominantly due to the seasonal decline of public funds deposits and the decline in broker deposits. Excluding these declines, deposits increased 77.5 million dollars during the quarter. During the quarter, we recorded 7.8 million dollars of net charge-offs predominantly related to one credit which accounted for 7.3 million of the charge-offs. The remaining balance of this relationship of 16.4 million dollars has been done non-aggrue and is supported by the appraised value of the real estate collateral. As this is still an active situation where fraud is suspected, we will have no further comments at this time. Absent this one relationship, credit quality continues to remain strong. Before I pass it over to Brian, I would like to thank the entire Univest family for the great work they do every day and for their continued efforts serving our customers, communities, and each other. I'll now turn it over to Brian for further discussion on our results.

Thank