Uwharrie Capital Corp Files 8-K on Financials

TL;DR

UWHARRIE CAPITAL CORP (UWHR) filed an 8-K on 4/29/24 detailing financial results. Check it out.

AI Summary

Uwharrie Capital Corp filed an 8-K on April 29, 2024, reporting on its results of operations and financial condition. The filing includes financial statements and exhibits. The company, formerly known as Stanly Capital Corp, is incorporated in North Carolina and its fiscal year ends on December 31.

Why It Matters

This filing provides investors with updated financial information and operational results for Uwharrie Capital Corp, crucial for assessing the company's performance and future prospects.

Risk Assessment

Risk Level: low — This is a routine financial filing (8-K) and does not appear to contain any immediate negative news or significant changes.

Key Players & Entities

• Uwharrie Capital Corp (company) — Registrant
• Stanly Capital Corp (company) — Former Company Name
• April 29, 2024 (date) — Date of Report
• North Carolina (location) — State of Incorporation
• 704 983-6181 (phone_number) — Registrant's Telephone Number

FAQ

Key Financial Figures

• $1.10 billion — t reported consolidated total assets of $1.10 billion at March 31, 2024, compared to $1.07 bi
• $1.07 billion — billion at March 31, 2024, compared to $1.07 billion at December 31, 2023. Net income for
• $2.4 million — -month period ended March 31, 2024, was $2.4 million versus $2.0 million for the same period
• $2.0 million — March 31, 2024, was $2.4 million versus $2.0 million for the same period in 2023. For the th
• $2.2 m — me available to common shareholders was $2.2 million, or $0.31 per share, compared to
• $0.31 — ommon shareholders was $2.2 million, or $0.31 per share, compared to $1.8 million, or
• $1.8 m — illion, or $0.31 per share, compared to $1.8 million, or $0.25 per share, for the thre
• $0.25 — per share, compared to $1.8 million, or $0.25 per share, for the three months ended M

Filing Documents

• uwhr-20240429.htm (8-K) — 50KB
• uwhr-ex99_1.htm (EX-99.1) — 8KB
• img205731513_0.jpg (GRAPHIC) — 20KB
• 0000950170-24-049551.txt ( ) — 200KB
• uwhr-20240429.xsd (EX-101.SCH) — 25KB
• uwhr-20240429_htm.xml (XML) — 5KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition On April 29, 2024, Uwharrie Capital Corp (the "Registrant") announced financial results for the period ended March 31, 2024. The Registrant reported consolidated total assets of $1.10 billion at March 31, 2024, compared to $1.07 billion at December 31, 2023. 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 the three months ended March 31, 2023. Net income available to common shareholders takes into consideration the payment of dividends on preferred stock issued by the Registrant. A copy of the press release (the "Press Release") announcing the Registrant's results is attached as Exhibit 99.1 and incorporated by reference herein. This Current Report on Form 8-K (including information included or incorporated by reference herein) may contain, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, (i) statements regarding certain of the Registrant's goals and expectations with respect to earnings, income per share, revenue, expenses and the growth rate in such items, as well as other measures of economic performance, including statements relating to estimates of credit quality trends, and (ii) statements preceded by, followed by or that include the words "may," "could," "should," "would," "believe," "anticipate," "estimate," "expect," "intend," "plan," "projects," "outlook" or similar expressions. These statements are based upon the current belief and expectations of the Registrant's management and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond the Registrant's control).

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 99.1 Press Release dated April 29, 2024 104 Cover page interactive data file (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. UWHARRIE CAPITAL CORP Date: April 29, 2024 By: /s/ Heather H. Almond Heather H. Almond Principal Financial Officer