Uwharrie Capital Corp First Quarter 2024 - Earnings Release
UWHARRIE CAPITAL CORP (UWHR)
NASDAQ:AMEX Investor Relations:
uwharrie.com/about/investor
Company Research
Source: PR Newswire
ALBEMARLE, N.C., April 29, 2024 /PRNewswire/ -- Uwharrie Capital Corp (OTCQX: UWHR) and its subsidiary, Uwharrie Bank, reported consolidated total assets of $1.10 billion at March 31, 2024, versus $1.07 billion at December 31, 2023. During the first quarter of 2024, the Bank experienced growth in both loans and core deposits due to continued relationship development in the markets we serve.Net income for the three-month period ended March 31, 2024 was $2.4 million versus $2.0 million for the same period in 2023. For the three months ended March 31, 2024, net income available to common shareholders was $2.2 million, or $0.31 per share, compared to $1.8 million, or $0.25 per share, for March 31, 2023. Net income available to common shareholders takes into consideration the payment of dividends on preferred stock issued by the Company.The year-over-year improvement in net income as of March 31, 2024 is due to improvement in net interest margin and reduced requirements of our credit loss
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Sec Filings
- 5/9/24 - Form ARS
- 5/9/24 - Form DEFA14A
- 5/9/24 - Form 10-Q
- UWHR's page on the SEC website