Uwharrie Capital Corp Files 8-K on Financials

TL;DR

Uwharrie Capital Corp (UHWR) filed an 8-K detailing financial results.

AI Summary

Uwharrie Capital Corp filed an 8-K on February 21, 2025, 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 an update on Uwharrie Capital Corp's financial performance and condition, which is crucial for investors to assess the company's health and future prospects.

Risk Assessment

Risk Level: low — This is a routine financial reporting filing with no immediate indication of significant risk or negative events.

Key Players & Entities

• Uwharrie Capital Corp (company) — Registrant
• Stanly Capital Corp (company) — Former Company Name
• North Carolina (location) — State of Incorporation
• February 21, 2025 (date) — Date of Report

FAQ

From the Filing

0000950170-25-024767.txt : 20250221 0000950170-25-024767.hdr.sgml : 20250221 20250221145508 ACCESSION NUMBER: 0000950170-25-024767 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250221 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250221 DATE AS OF CHANGE: 20250221 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UWHARRIE CAPITAL CORP CENTRAL INDEX KEY: 0000898171 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 561814206 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22062 FILM NUMBER: 25650973 BUSINESS ADDRESS: STREET 1: 132 NORTH FIRST STREET STREET 2: PO BOX 338 CITY: ALBEMARLE STATE: NC ZIP: 28001 BUSINESS PHONE: 7049836181 MAIL ADDRESS: STREET 1: P O BOX 338 CITY: ALBEMARLE STATE: NC ZIP: 28002-0338 FORMER COMPANY: FORMER CONFORMED NAME: STANLY CAPITAL CORP DATE OF NAME CHANGE: 19930303 8-K 1 uwhr-20250221.htm 8-K 8-K false 0000898171 NONE 0000898171 2025-02-21 2025-02-21   UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 21, 2025     Uwharrie Capital Corp (Exact name of Registrant as Specified in Its Charter)     North Carolina 000-22062 56-1814206 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)           132 North First Street   Albemarle , North Carolina   28001 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s Telephone Number, Including Area Code: 704 983-6181     (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class   Trading Symbol(s)   Name of each exchange on which registered None   N/A   N/A Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 2.02 Results of Operations and Financial Condition. On February 21, 2025, Uwharrie Capital Corp (the “Registrant”) announced financial results for the period ended December 31, 2024. The Registrant reported consolidated total assets of $1.13 billion at December 31, 2024, compared to $1.07 billion at December 31, 2023. Net income for the twelve-month period ended December 31, 2024, was $9.9 million versus $8.6 million for the same period in 2023. For the twelve months ended December 31, 2024, net income available to common shareholders was $9.3 million, or $1.30 per diluted share, compared to $8.0 million, or $1.09 per diluted share, for the twelve months ended