Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 188

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 2
Chunk 188
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 months ended June 30, 2025 and approximately two basis points for the three and six months ended June 30, 2024.

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Table 1—Average Balances and Interest Rates—Tax-Equivalent Basis Three Months Ended June 30, 20252024(Dollars in thousands)AverageBalanceIncome/ExpenseAverageRateAverageBalanceIncome/ExpenseAverageRateAssets:Interest-earning deposits with other banks$131,391 $1,371 4.19 %$84,546 $1,108 5.27 %Obligations of states and political subdivisions*— — — 1,269 7 2.22 Other debt and equity securities497,214 3,962 3.20 491,871 3,741 3.06 Federal Home Loan Bank, Federal Reserve Bank and other stock36,711 671 7.33 37,286 700 7.55 Total interest-earning deposits, investments and other interest-earning assets665,316 6,004 3.62 614,972 5,556 3.63 Commercial, financial and agricultural loans1,005,784 17,686 7.05 983,615 17,447 7.13 Real estate—commercial and construction loans3,692,262 54,165 5.88 3,549,206 50,577 5.73 Real estate—residential loans1,727,381 21,772 5.06 1,660,489 20,413 4.94 Loans to individuals15,575 337 8.68 26,821 542 8.13 Tax-exempt loans and leases228,856 2,966 5.20 230,495 2,476 4.32 Lease financings177,080 3,192 7.23 189,910 3,105 6.58 Gross loans and leases6,846,938 100,118 5.86 6,640,536 94,560 5.73 Total interest-earning assets7,512,254 106,122 5.67 7,255,508 100,116 5.55 Cash and due from banks55,335 56,387 Allowance for credit losses, loans and leases