Company: UVSP
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000102212-25-000019
Chunk: 137

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 8
Chunk 137
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2.88% for the three months ended March 31, 2024. Excess liquidity reduced net interest margin by approximately three basis points for the three months ended March 31, 2025 and March 31, 2024.

43

Table 1—Average Balances and Interest Rates—Tax-Equivalent Basis Three Months Ended March 31, 20252024(Dollars in thousands)AverageBalanceIncome/ExpenseAverageRateAverageBalanceIncome/ExpenseAverageRateAssets:Interest-earning deposits with other banks$119,997 $1,360 4.60 %$120,845 $1,609 5.36 %Obligations of states and political subdivisions*879 4 1.85 1,951 12 2.47 Other debt and equity securities499,199 4,019 3.27 499,032 3,647 2.94 Federal Home Loan Bank, Federal Reserve Bank and other stock37,561 687 7.42 39,115 724 7.44 Total interest-earning deposits, investments and other interest-earning assets657,636 6,070 3.74 660,943 5,992 3.65 Commercial, financial and agricultural loans990,860 17,020 6.97 934,649 16,523 7.11 Real estate—commercial and construction loans3,704,232 52,676 5.77 3,575,142 50,641 5.70 Real estate—residential loans1,729,146 21,542 5.05 1,618,188 19,555 4.86 Loans to individuals19,438 393 8.20 27,315 548 8.07 Tax-exempt loans and leases230,133 2,861 5.04 232,380 2,464 4.26 Lease financings182,694 3,240 7.19 189,691 3,169 6.72 Gross loans and leases6,856,503 97,732 5.78 6,577,365 92,900 5.68 Total interest-earning assets7,514,139 103,802 5.60 7,238,308 98,892 5.49 Cash