Second Quarter 2026 - Earnings Release

Q: How did Uwharrie Capital Corp (OTCQX: UWHR) perform financially in the first half of 2026?

Uwharrie Capital Corp reported $7.1 million net income for the six months ended June 30, 2026. According to Uwharrie Capital Corp, net income available to common shareholders was $6.8 million, or $0.96 per share , up from $5.1 million, or $0.70 per share, in 2025.

Q: What were Uwharrie Capital Corp (UWHR) second quarter 2026 earnings and EPS?

For Q2 2026, Uwharrie Capital Corp reported $3.9 million in net income. According to Uwharrie Capital Corp, net income available to common shareholders was $3.8 million, or $0.53 per share , compared with $2.7 million, or $0.37 per share, in Q2 2025.

Q: How much did Uwharrie Capital Corp (UWHR) gain from the 2026 Visa Exchange Offer Program?

Uwharrie Capital Corp recognized an approximately $850 thousand gain from participating in the 2026 Visa Exchange Offer Program. According to Uwharrie Capital Corp, this primarily reflected the value of Visa C shares received in exchange for Visa B shares and contributed to second quarter 2026 results.

Q: What impact did credit loss reserve changes have on Uwharrie Capital Corp’s Q2 2026 results?

Second quarter 2026 earnings benefited from a $424 thousand reversal of previously established credit loss reserves. According to Uwharrie Capital Corp, this reversal was recorded under the current expected credit loss (CECL) model and positively affected reported quarterly net income.

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Uwharrie Capital Corp (OTCQX: UWHR) reported consolidated total assets of $1.22 billion at June 30, 2026, up from $1.20 billion at December 31, 2025. Net income for the six months ended June 30, 2026 was $7.1 million, compared with $5.4 million a year earlier.

Six‑month net income available to common shareholders was $6.8 million, or $0.96 per share, versus $5.1 million, or $0.70 per share, in 2025. For the second quarter, net income was $3.9 million versus $2.8 million, and net income available to common shareholders was $3.8 million, or $0.53 per share, compared to $2.7 million, or $0.37 per share, a year ago.

Quarterly results included non‑recurring items: an approximately $850 thousand gain from participation in the 2026 Visa Exchange Offer Program and a $424 thousand reversal of previously established credit loss reserves under the CECL model. According to Uwharrie Capital Corp, underlying performance showed stable net interest income, strong asset quality, and continued growth in customer relationships.

Positive

Assets grew to $1.22 billion at June 30, 2026 from $1.20 billion at December 31, 2025
Six‑month net income increased to $7.1 million from $5.4 million year over year
Six‑month EPS for common shareholders rose to $0.96 from $0.70
Q2 2026 net income increased to $3.9 million from $2.8 million in Q2 2025
Q2 2026 EPS for common shareholders rose to $0.53 from $0.37
Non‑recurring Visa gain of approximately $850 thousand recognized in Q2 2026
$424 thousand reversal of previously established credit loss reserves boosted earnings

Negative

Q2 2026 earnings were partially driven by a non‑recurring approximately $850 thousand Visa exchange gain
Q2 2026 results benefited from a $424 thousand credit loss reserve reversal, reducing recurring reserve build

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07/22/2026 - 03:04 PM

ALBEMARLE, N.C., July 22, 2026 /PRNewswire/ -- Uwharrie Capital Corp (OTCQX: UWHR) and its subsidiary, Uwharrie Bank (the "Bank"), reported consolidated total assets of $1.22 billion at June 30, 2026, versus $1.20 billion at December 31, 2025.

Net income for the six-month period ended June 30, 2026, was $7.1 million versus $5.4 million for the same period in 2025. For the six months ended June 30, 2026, net income available to common shareholders was $6.8 million, or $0.96 per share, compared to $5.1 million, or $0.70 per share, for the six months ended June 30, 2025. Net income available to common shareholders takes into consideration the payment of dividends on preferred stock issued by the Bank.

Net income for the three-month period ended June 30, 2026, was $3.9 million versus $2.8 million for the same period in 2025. For the three months ended June 30, 2026, net income available to common shareholders was $3.8 million, or $0.53 per share, compared to $2.7 million, or $0.37 per share, for the three months ended June 30, 2025.

Results for the quarter included non-recurring items. Approximately $850 thousand gain was recognized in connection with the Bank's participation in the 2026 Visa Exchange Offer Program, primarily reflecting the recognition of the value of Visa C shares received in exchange for Visa B shares. Additionally, earnings benefited from the reversal of $424 thousand of previously established credit loss reserves under the current expected credit loss (CECL) model. Excluding these items, underlying operating performance continued to reflect stable net interest income, strong asset quality, and continued growth in customer relationships.

About Uwharrie Capital Corp

Uwharrie Capital Corp offers a full range of financial solutions through its subsidiaries: Uwharrie Bank and Uwharrie Investment Advisors. Additional information on Uwharrie Capital Corp may be found at www.Uwharrie.com or by calling 704-982-4415.

View original content to download multimedia:https://www.prnewswire.com/news-releases/second-quarter-2026---earnings-release-302832513.html

SOURCE Uwharrie Capital Corp

FAQ

How did Uwharrie Capital Corp (OTCQX: UWHR) perform financially in the first half of 2026?

Uwharrie Capital Corp reported $7.1 million net income for the six months ended June 30, 2026. According to Uwharrie Capital Corp, net income available to common shareholders was $6.8 million, or $0.96 per share, up from $5.1 million, or $0.70 per share, in 2025.

What were Uwharrie Capital Corp (UWHR) second quarter 2026 earnings and EPS?

For Q2 2026, Uwharrie Capital Corp reported $3.9 million in net income. According to Uwharrie Capital Corp, net income available to common shareholders was $3.8 million, or $0.53 per share, compared with $2.7 million, or $0.37 per share, in Q2 2025.

How much did Uwharrie Capital Corp (UWHR) gain from the 2026 Visa Exchange Offer Program?

Uwharrie Capital Corp recognized an approximately $850 thousand gain from participating in the 2026 Visa Exchange Offer Program. According to Uwharrie Capital Corp, this primarily reflected the value of Visa C shares received in exchange for Visa B shares and contributed to second quarter 2026 results.

What impact did credit loss reserve changes have on Uwharrie Capital Corp’s Q2 2026 results?

Second quarter 2026 earnings benefited from a $424 thousand reversal of previously established credit loss reserves. According to Uwharrie Capital Corp, this reversal was recorded under the current expected credit loss (CECL) model and positively affected reported quarterly net income.

Did Uwharrie Capital Corp’s total assets grow by June 30, 2026?

Yes, Uwharrie Capital Corp’s consolidated total assets reached $1.22 billion at June 30, 2026. According to Uwharrie Capital Corp, this compares with $1.20 billion at December 31, 2025, indicating modest balance sheet growth over the six‑month period.

What does Uwharrie Capital Corp say about its underlying operating performance in Q2 2026?

Uwharrie Capital Corp indicated that underlying operating performance remained stable in Q2 2026. According to Uwharrie Capital Corp, excluding the Visa gain and CECL reserve reversal, results reflected stable net interest income, strong asset quality, and continued growth in customer relationships.