Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 164

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 8
Chunk 164
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2025 and 2024 have been calculated using the Corporation's federal applicable rate of 21%.

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Table 2—Analysis of Changes in Net Interest Income

The rate-volume variance analysis set forth in the table below compares changes in tax-equivalent net interest income for the periods indicated by their rate and volume components. The change in interest income/expense due to both volume and rate has been allocated proportionately.

Three Months EndedNine Months Ended September 30, 2025 Versus 2024September 30, 2025 Versus 2024(Dollars in thousands)VolumeChangeRateChangeTotalVolumeChangeRateChangeTotalInterest income:Interest-earning deposits with other banks$1,473 $(734)$739 $2,011 $(1,258)$753 Obligations of states and political subdivisions(7)— (7)(18)(4)(22)Other debt and equity securities1 216 217 42 768 810 Federal Home Loan Bank, Federal Reserve Bank and other stock(30)24 (6)(72)— (72)Interest on deposits, investments and other earning assets1,437 (494)943 1,963 (494)1,469 Commercial, financial and agricultural loans(851)(385)(1,236)531 (1,031)(500)Real estate—commercial and construction loans1,748 1,049 2,797 5,490 2,930 8,420 Real estate—residential loans385 334 719 2,476 1,589 4,065 Loans to individuals(293)52 (241)(689)88 (601)Tax-exempt loans and leases(32)500 468 (74)1,429 1,355 Lease financings(285)169 (116)(634)676 42 Interest and fees on loans and leases672 1,719 2,391 7,100 5,681 12,781 Total interest income2,109 1,225 3,334 9,063 5,187 14,250 Interest expense:Interest-bearing checking deposits569 (708)(139)1,639 (2,432)(793)Money market savings739 (3,187)(2,448)2,867 (8,686)(5,819)Regular savings(3)193 190