Welcome to our dedicated page for Uwharrie Cap news (Ticker: UWHR), a resource for investors and traders seeking the latest updates and insights on Uwharrie Cap stock.
Uwharrie Capital Corp (UWHR) is a North Carolina-incorporated commercial banking company whose common stock trades on the OTCQX market. Through its subsidiary Uwharrie Bank, the company issues regular earnings releases and related Form 8-K filings that highlight consolidated total assets, net income, and net income available to common shareholders.
This news page aggregates coverage of Uwharrie Capital Corp’s public announcements, with a focus on quarterly and year-to-date financial results and decisions by the Board of Directors regarding stock dividends on common shares. Recent releases describe trends in net interest margin tied to loan portfolio growth, as well as the effect of the mortgage origination market on mortgage banking income in prior periods.
Readers can use this page to follow Uwharrie Capital Corp news such as earnings updates for three-month, six-month, and nine-month periods, declarations of stock dividends with specified record and payment dates, and summaries of consolidated asset levels. The company’s communications also explain how preferred stock dividends affect net income available to common shareholders, providing context for per-share metrics.
For investors, analysts, and others tracking regional commercial banking organizations, this news stream offers a single location to review Uwharrie Capital Corp’s historical press releases and related disclosures. Returning to this page allows users to compare periods, observe patterns in reported performance, and monitor recurring capital actions like stock dividends as they are reflected in the company’s official announcements.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Uwharrie Capital Corp (OTCQX: UWHR) reported a consolidated total asset growth, reaching $1.02 billion as of December 31, 2022, compared to $939.7 million in 2021. However, the net income decreased to $8.2 million from $10.1 million in 2021. Earnings per diluted share fell to $1.08, down from $1.29 the previous year. The primary reason for the earnings decline was a significant reduction in income from mortgage banking, driven by rising interest rates, which caused a slowdown in mortgage originations and limited refinancing opportunities for homeowners.
Uwharrie Capital Corp (OTCQX: UWHR) reported its financial results for the third quarter of 2022. Consolidated total assets increased to $1.04 billion as of September 30, 2022, up from $939.7 million at the end of 2021. However, net income for the nine-month period decreased to $5.3 million compared to $8.9 million in 2021, with earnings per share dropping from $1.14 to $0.69. Net income for the third quarter rose slightly to $2.8 million, up from $2.7 million in 2021. A 2.5% stock dividend is set for payment on November 22, 2022.
Uwharrie Capital Corp (UWHR) reported a significant increase in consolidated total assets, reaching $991.0 million as of June 30, 2022, up from $845.3 million in 2021. However, net income for the six months ended June 30, 2022, declined to $2.5 million compared to $6.2 million in 2021, with earnings per share falling from $0.82 to $0.32. The company attributed the drop to non-recurring earnings in 2021, including one-time gains and the impact of a historical refinancing boom.
Uwharrie Capital Corp (OTCQX: UWHR) announced its year-end results for 2021, reporting consolidated total assets of $939.7 million, up from $827.8 million in 2020. The net income for the year was $10.1 million, an increase from $8.1 million in 2020, translating to earnings per share of $1.33, compared to $1.03 previously. Growth was attributed to the recovery of loan loss allowances and improved interest income, aided by the Small Business Administration's Paycheck Protection Program.