Earnings rise at Uwharrie Capital (UWHR) on stronger margin
Rhea-AI Filing Summary
Uwharrie Capital Corp reported stronger first quarter 2026 results. Consolidated total assets reached $1.25 billion at March 31, 2026, up from $1.20 billion at December 31, 2025, reflecting balance sheet growth.
Net income for the three months ended March 31, 2026 was $3.2 million, compared with $2.6 million a year earlier. Net income available to common shareholders rose to $3.1 million, or $0.43 per share, from $2.4 million, or $0.33 per share. Management attributes the year-over-year earnings improvement to an improved net interest margin driven by increased earnings across all interest-earning assets.
Positive
- Strong year-over-year earnings growth: Net income for the quarter ended March 31, 2026 increased to $3.2 million from $2.6 million, and EPS to $0.43 from $0.33, driven by an improved net interest margin.
Negative
- None.
Insights
Uwharrie Capital delivers solid Q1 2026 profit and margin growth.
Uwharrie Capital Corp showed meaningful first quarter earnings expansion. Net income rose to $3.2 million for the three months ended March 31, 2026, from $2.6 million a year earlier, while assets increased to $1.25 billion.
For common shareholders, profit improved to $3.1 million, or $0.43 per share, versus $2.4 million, or $0.33 per share, in the prior-year quarter. The company cites a stronger net interest margin from higher earnings on interest-earning assets as the key driver.
The filing links improved performance directly to net interest margin, a core profitability metric for banks. Future disclosures in company filings may provide additional detail on loan growth, deposit mix, and credit quality that underlie this margin expansion.
8-K Event Classification
Key Figures
Key Terms
net interest margin financial
interest-earning assets financial
forward-looking statements regulatory
preferred stock financial
Earnings Snapshot
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
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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 April 27, 2026, Uwharrie Capital Corp (the “Registrant”) announced financial results for the period ended March 31, 2026. The Registrant reported consolidated total assets of $1.25 billion at March 31, 2026, compared to $1.20 billion at December 31, 2025.
Net income for the three-month period ended March 31, 2026, was $3.2 million versus $2.6 million for the same period in 2025. For the three months ended March 31, 2026, net income available to common shareholders was $3.1 million, or $0.43 per share, compared to $2.4 million, or $0.33 per share, for the three months ended March 31, 2025. 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).
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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99.1 |
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Press Release dated April 27, 2026 |
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104 |
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Cover page interactive data file (embedded within the Inline XBRL document) |
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.
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UWHARRIE CAPITAL CORP |
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Date: April 27, 2026 |
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/s/ Heather H. Almond |
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Heather H. Almond |
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Principal Financial Officer |
Exhibit 99.1
First Quarter 2026 - Earnings Release
FOR IMMEDIATE RELEASE
From: Heather H. Almond
Uwharrie Capital Corp
704-983-6181
Date: April 27, 2026
Albemarle, NC - Uwharrie Capital Corp and its subsidiary, Uwharrie Bank (the “Bank”), reported consolidated total assets of $1.25 billion at March 31, 2026, versus $1.20 billion at December 31, 2025.
Net income for the three-month period ended March 31, 2026, was $3.2 million versus $2.6 million for the same period in 2025. For the three months ended March 31, 2026, net income available to common shareholders was $3.1 million, or $0.43 per share, compared to $2.4 million, or $0.33 per share, for the three months ended March 31, 2025. Net income available to common shareholders takes into consideration the payment of dividends on preferred stock issued by the Bank.
The year-over-year improvement in net income as of March 31, 2026 is due to an improved net interest margin resulting from increased earnings across all interest-earning assets.
Contact Heather Almond, Chief Financial Officer at 704-983-6181 for further information.
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.