Company: UVSP
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000102212-25-000019
Chunk: 59

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 59
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0.47 Time deposits1,476,495 16,106 4.42 1,238,878 13,630 4.42      Total time and interest-bearing deposits5,241,244 41,979 3.25 4,894,791 41,973 3.45 Short-term borrowings6,909 14 0.82 10,127 5 0.20 Long-term debt217,500 2,361 4.40 292,486 2,883 3.96 Subordinated notes149,319 2,281 6.20 148,818 2,281 6.16 Total borrowings373,728 4,656 5.05 451,431 5,169 4.61 Total interest-bearing liabilities5,614,972 46,635 3.37 5,346,222 47,142 3.55 Noninterest-bearing deposits1,376,409 1,409,063 Operating lease liabilities30,675 34,166 Accrued expenses and other liabilities62,176 64,578 Total liabilities7,084,232 6,854,029 Total interest-bearing liabilities and noninterest-bearing deposits ("Cost of Funds")6,991,381 2.71 6,755,285 2.81 Shareholders’ Equity:Common stock157,784 157,784 Additional paid-in capital302,653 300,679 Retained earnings and other equity436,374 384,083 Total shareholders’ equity896,811 842,546 Total liabilities and shareholders’ equity$7,981,043 $7,696,575 Net interest income$57,167 $51,750 Net interest spread2.23 1.94 Effect of net interest-free funding sources0.86 0.94 Net interest margin3.09 %2.88 %Ratio of average interest-earning assets to average interest-bearing liabilities133.82 %135.39 %

*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 $554 thousand and $453 thousand for the three months ended March 31,