Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 0

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 1
Chunk 0
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Item 1. Financial Statements

UNIVEST FINANCIAL CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)(Dollars in thousands, except share data)At September 30, 2025At December 31, 2024ASSETSCash and due from banks$70,843 $75,998 Interest-earning deposits with other banks745,896 252,846 Cash and cash equivalents816,739 328,844 Investment securities held-to-maturity (fair value $111,904 and $115,007 at September 30, 2025 and December 31, 2024, respectively)126,040 134,111 Investment securities available-for-sale (amortized cost $399,044 and $402,651, net of allowance for credit losses of $18 and $839 at September 30, 2025 and December 31, 2024, respectively)368,393 357,361 Investments in equity securities 2,413 2,506        Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost39,617 38,980 Loans held for sale6,330 16,653 Loans and leases held for investment6,785,482 6,826,583 Less: Allowance for credit losses, loans and leases(86,527)(87,091)Net loans and leases held for investment6,698,955 6,739,492 Premises and equipment, net46,245 46,671 Operating lease right-of-use assets26,536 28,531 Goodwill175,510 175,510 Other intangibles, net of accumulated amortization7,537 8,309 Bank owned life insurance139,044 139,351 Accrued interest receivable and other assets120,257 112,098 Total assets$8,573,616 $8,128,417 LIABILITIESNoninterest-bearing deposits$1,390,565 $1,414,635 Interest-bearing deposits5,827,578 5,344,624 Total deposits7,218,143 6,759,259 Short-term borrowings11,951 11,181 Long-term debt200,000 225,000 Subordinated notes129,597 149,261 Operating lease liabilities29,310 31,485 Accru