Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 161

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 8
Chunk 161
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267,556 7,140,859 Total interest-bearing liabilities and noninterest-bearing deposits ("Cost of Funds")7,185,809 2.67 7,046,428 3.01 Shareholders’ Equity:Common stock157,784 157,784 Additional paid-in capital302,063 300,565 Retained earnings and other equity463,607 406,057 Total shareholders’ equity923,454 864,406 Total liabilities and shareholders’ equity$8,191,010 $8,005,265 Net interest income$61,736 $53,492 Net interest spread2.34 1.92 Effect of net interest-free funding sources0.83 0.90 Net interest margin3.17 %2.82 %Ratio of average interest-earning assets to average interest-bearing liabilities133.80 %132.43 %

*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 $687 thousand and $897 thousand for the three 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 three months ended September 30, 2025 and 2024 have been calculated using the Corporation's federal applicable rate of 21%.

52

 Nine Months Ended September 30, 20252024(Dollars in thousands)AverageBalanceIncome/ExpenseAverageRateAverageBalanceIncome/ExpenseAverageRateAssets:Interest-earning deposits with other banks$216,788 $7,094 4.38 %$159,114 $6,341 5.32 %Obligations of states and political subdivisions*290 4 1.84 1,500 26 2.32 Other debt and equity securities496,178 11,904 3.21 494,310 11,094 3.00 Federal Home Loan Bank, Federal Reserve Bank and other stock37,142 2,094 7.54 38,392 2,166 7.54 Total interest-earning deposits, investments and other interest-earning assets750