UWHR - Uwharrie Capital Corp Year-End 2023 - Earnings Release

PR Newswire

ALBEMARLE, N.C. , Feb. 21, 2024 /PRNewswire/ -- Uwharrie Capital Corp (OTCQX: UWHR) and its subsidiary, Uwharrie Bank, reported consolidated total assets of $1.07 billion at December 31, 2023 , versus $1.02 billion at December 31 , 2022.

Net income for the twelve-month period ended December 31, 2023 , was $8.6 million versus $8.2 million for the same period in 2022.  For the twelve months ended December 31, 2023 , net income available to common shareholders was $8.0 million , or $1.12 per diluted share, compared to $7.7 million , or $1.06 per diluted share, for December 31, 2022 . Net income available to common shareholders takes into consideration the payment of dividends on preferred stock issued by the Company.

Roger L. Dick , President and CEO of the Company said: "Our 2023 year-end financials are the result of continued relationship development throughout our communities. As we move into 2024, we remain focused on growth of core earnings to support our well-capitalized balance sheet, and a strong liquidity position with prudent risk management of all aspects of our Company."

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