Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 159

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 8
Chunk 159
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 reduction in our overall cost of funds.

The net interest margin, on a tax-equivalent basis, was 3.17% and 3.15% for the three and nine months ended September 30, 2025, respectively, compared to 2.82% and 2.85% for the three and nine months ended September 30, 2024, respectively. Excess liquidity reduced net interest margin by approximately 16 and eight basis points for the three and nine months ended September 30, 2025, respectively, and approximately nine and four basis points for the three and nine months ended September 30, 2024, respectively.

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Table 1—Average Balances and Interest Rates—Tax-Equivalent Basis Three Months Ended September 30, 20252024(Dollars in thousands)AverageBalanceIncome/ExpenseAverageRateAverageBalanceIncome/ExpenseAverageRateAssets:Interest-earning deposits with other banks$395,944 $4,363 4.37 %$270,724 $3,624 5.33 %Obligations of states and political subdivisions*— — — 1,283 7 2.17 Other debt and equity securities492,197 3,923 3.16 492,051 3,706 3.00 Federal Home Loan Bank, Federal Reserve Bank and other stock37,159 736 7.86 38,769 742 7.61 Total interest-earning deposits, investments and other interest-earning assets925,300 9,022 3.87 802,827 8,079 4.00 Commercial, financial and agricultural loans949,676 17,223 7.20 997,465 18,459 7.36 Real estate—commercial and construction loans3,705,154 55,469 5.94 3,592,556 52,672 5.83 Real estate—residential loans1,719,844 21,846 5.04 1,692,361 21,127 4.97 Loans to individuals13,497 308 9.05 26,651 549 8.20 Tax-exempt loans and leases229,253 3,033 5.25 232,159 2,565 4.40 Lease financings173,403 3,159