Uwharrie Capital Corp Files 8-K on Financials

TL;DR

UWHARRIE CAPITAL CORP (UWHC) filed an 8-K on 7/19 detailing financial results. Check it out.

AI Summary

Uwharrie Capital Corp filed an 8-K on July 19, 2024, reporting on its Results of Operations and Financial Condition. The filing includes financial statements and exhibits, with the company's principal executive offices located at 132 North First Street, Albemarle, North Carolina.

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 Numbers

• 000-22062 — SEC File Number (Identifies the company's filing history with the SEC.)
• 56-1814206 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• Uwharrie Capital Corp (company) — Registrant
• July 19, 2024 (date) — Date of earliest event reported
• Albemarle, North Carolina (location) — Principal Executive Offices
• Stanly Capital Corp (company) — Former Company Name

FAQ

Key Financial Figures

• $1.12 billion — t reported consolidated total assets of $1.12 billion at June 30, 2024, compared to $1.07 bil
• $1.07 billion — 2 billion at June 30, 2024, compared to $1.07 billion at December 31, 2023. Net income for
• $4.6 million — x-month period ended June 30, 2024, was $4.6 million versus $4.2 million for the same period
• $4.2 million — June 30, 2024, was $4.6 million versus $4.2 million for the same period in 2023. For the si
• $4.3 m — me available to common shareholders was $4.3 million, or $0.61 per share, compared to
• $0.61 — ommon shareholders was $4.3 million, or $0.61 per share, compared to $3.9 million, or
• $3.9 m — illion, or $0.61 per share, compared to $3.9 million, or $0.54 per share, for the six
• $0.54 — per share, compared to $3.9 million, or $0.54 per share, for the six months ended Jun
• $2.2 million — riods ended June 30, 2024 and 2023, was $2.2 million. For the three months ended June 30, 20
• $2.1 m — me available to common shareholders was $2.1 million, or $0.29 per share. A copy of
• $0.29 — ommon shareholders was $2.1 million, or $0.29 per share. A copy of the press releas

Filing Documents

• uwhr-20240719.htm (8-K) — 45KB
• uwhr-ex99_1.htm (EX-99.1) — 9KB
• img205731513_0.jpg (GRAPHIC) — 20KB
• 0000950170-24-084875.txt ( ) — 191KB
• uwhr-20240719.xsd (EX-101.SCH) — 23KB
• uwhr-20240719_htm.xml (XML) — 4KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On July 19, 2024, Uwharrie Capital Corp (the "Registrant") announced financial results for the period ended June 30, 2024. The Registrant reported consolidated total assets of $1.12 billion at June 30, 2024, compared to $1.07 billion at 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 Registrant. 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. 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 beli

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Press Release dated July 19, 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: July 19, 2024 By: /s/ Heather H. Almond Heather H. Almond Principal Financial Officer