UWHR - Uwharrie Capital Corp Releases Second Quarter 2024 Earnings

PR Newswire

ALBEMARLE, N.C. , July 19, 2024 /PRNewswire/ -- Uwharrie Capital Corp (OTCQX: UWHR) and its subsidiary, Uwharrie Bank (the "Bank"), reported consolidated total assets of $1.12 billion on June 30, 2024 , versus $1.07 billion on December 31, 2023 .

Net income for the six-month period ended June 30, 2024 , was $4.6 million versus $4.2 million for the same period in 2023. For the six months ended June 30, 2024 , net income available to common shareholders was $4.3 million , or $0.61 per share, compared to $3.9 million , or $0.54 per share, for the six months ended June 30, 2023 . Net income available to common shareholders takes into consideration the payment of dividends on preferred stock issued by the Bank.

Net income for both three-month periods ended June 30, 2024 and 2023, was $2.2 million . For the three months ended June 30, 2024 and 2023, net income available to common shareholders was $2.1 million , or $0.29 per share.

About Uwharrie Capital Corp
Uwharrie Capital Corp offers a full range of financial solutions through its subsidiaries: Uwharrie Bank and Uwharrie Investment Advisors. Additional information on Uwharrie Capital Corp may be found at www.Uwharrie.com or by calling 704-982-4415.

SOURCE Uwharrie Capital Corp