Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 163

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 8
Chunk 163
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,030 133,648 3.54 Short-term borrowings7,614 16 0.28 15,919 248 2.08 Long-term debt 205,952 6,634 4.31 263,380 8,441 4.28 Subordinated notes145,926 7,122 6.53 148,944 6,844 6.14 Total borrowings359,492 13,772 5.12 428,243 15,533 4.85 Total interest-bearing liabilities5,650,602 141,124 3.34 5,478,273 149,181 3.64 Noninterest-bearing deposits1,405,339 1,383,707 Operating lease liabilities30,056 33,389 Accrued expenses and other liabilities55,583 62,586 Total liabilities7,141,580 6,957,955 Total interest-bearing liabilities and noninterest-bearing deposits ("Cost of Funds")7,055,941 2.67 6,861,980 2.90 Shareholders’ Equity:Common stock157,784 157,784 Additional paid-in capital301,908 300,224 Retained earnings and other equity450,006 392,551 Total shareholders’ equity909,698 850,559 Total liabilities and shareholders’ equity$8,051,278 $7,808,514 Net interest income$178,860 $156,553 Net interest spread2.30 1.92 Effect of net interest-free funding sources0.85 0.93 Net interest margin3.15 %2.85 %Ratio of average interest-earning assets to average interest-bearing liabilities134.17 %134.04 %

*Obligations of states and political subdivisions are tax-exempt earning assets.

Notes:   For rate calculation purposes, average loan and lease categories include deferred fees and costs and purchase accounting adjustments. 

Net interest income includes net deferred costs amortization of $1.9 million and $2.0 million for the nine months ended September 30, 2025 and 2024, respectively.

Nonaccrual loans and leases have been included in the average loan and lease balances. Loans held for sale have been included in the average loan balances. Tax-equivalent amounts for the nine months ended September 30,