Uwharrie Capital posts higher Q1 2026 earnings

Uwharrie Capital Corp reported stronger first quarter 2026 results.

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

Banking sector earnings analyst

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

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Total assets: $1.25 billion Prior period assets: $1.20 billion Net income: $3.2 million +4 more

7 metrics

Total assets $1.25 billion Consolidated total assets at March 31, 2026

Prior period assets $1.20 billion Consolidated total assets at December 31, 2025

Net income $3.2 million Three months ended March 31, 2026

Net income prior year $2.6 million Three months ended March 31, 2025

Net income to common $3.1 million Three months ended March 31, 2026

EPS to common $0.43 per share Three months ended March 31, 2026

Prior-year EPS to common $0.33 per share Three months ended March 31, 2025

Key Terms

net income available to common shareholders, net interest margin, interest-earning assets, forward-looking statements, +1 more

5 terms

net income available to common shareholders financial

"For the three months ended March 31, 2026, net income available to common shareholders was $3.1 million, or $0.43 per share"

Net income available to common shareholders is the portion of a company's profit left after paying all expenses, taxes, interest and any claims by preferred shareholders or other non-common obligations. For investors it shows the actual slice of earnings that belongs to ordinary shareowners and is used to assess profitability per share, dividend capacity and how much value common shareholders could expect — like the remaining cake to be divided among them.

net interest margin financial

"The year-over-year improvement in net income as of March 31, 2026 is due to an improved net interest margin"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

interest-earning assets financial

"due to an improved net interest margin resulting from increased earnings across all interest-earning assets"

Interest-earning assets are holdings that generate regular interest payments for an owner, such as loans, bonds, term deposits, and certain securities. They matter to investors because they produce predictable income and influence a company’s or portfolio’s profitability, cash flow and sensitivity to changes in market interest rates; think of them like fruit trees that steadily produce harvestable fruit but whose yield and value can change with the weather.

forward-looking statements regulatory

"may contain, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

preferred stock financial

"Net income available to common shareholders takes into consideration the payment of dividends on preferred stock issued"

Preferred stock is a type of ownership in a company that typically offers investors higher and more consistent dividend payments than common stock. Unlike regular shares, preferred stock usually doesn’t come with voting rights but provides a priority claim on the company’s assets and profits, making it a more stable and predictable investment option. This makes preferred stock attractive to those seeking steady income with lower risk.

Earnings Snapshot

Net income: $3.2 million

Q1 2026

Net income $3.2 million

Net income to common shareholders $3.1 million ($0.43 per share)

Total assets $1.25 billion

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did Uwharrie Capital Corp (UWHR) perform in Q1 2026?

Uwharrie Capital Corp reported higher Q1 2026 earnings. Net income reached $3.2 million, up from $2.6 million a year earlier, while net income available to common shareholders rose to $3.1 million, or $0.43 per share, from $0.33 per share.

What were Uwharrie Capital Corp’s total assets as of March 31, 2026?

Uwharrie Capital Corp reported consolidated total assets of $1.25 billion at March 31, 2026. This compares with $1.20 billion at December 31, 2025, indicating balance sheet growth over the period driven by the company’s banking operations.

How did earnings per share change for Uwharrie Capital Corp (UWHR)?

Earnings per share for common shareholders improved in Q1 2026. Net income available to common shareholders was $0.43 per share, compared with $0.33 per share for the three months ended March 31, 2025, reflecting stronger profitability.

What drove Uwharrie Capital Corp’s improved earnings in Q1 2026?

Management attributes the year-over-year earnings improvement to an improved net interest margin. The company reports this came from increased earnings across all interest-earning assets, supporting higher net income and better returns to common shareholders.

How much net income was available to Uwharrie Capital Corp common shareholders?

For Q1 2026, net income available to Uwharrie Capital Corp common shareholders was $3.1 million, or $0.43 per share. This compares with $2.4 million, or $0.33 per share, in the same quarter of 2025 after preferred dividends.

Does Uwharrie Capital Corp mention preferred stock in its Q1 2026 results?

Yes. The company notes that net income available to common shareholders reflects payment of dividends on preferred stock. Those preferred dividends are deducted from total net income before calculating earnings attributable to common shareholders.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/27/2026 - 01:57 PM EDT Learn about SEC filing dates

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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): April 27, 2026

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 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

Exhibit Number		Description
99.1		Press Release dated April 27, 2026
104		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.

		UWHARRIE CAPITAL CORP
Date: April 27, 2026		By:	/s/ Heather H. Almond
			Heather H. Almond
			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.

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 9.5 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 23.4 KB