Uwharrie Capital Corp (UWHR) grows 2025 profit and assets on loan, deposit gains

Rhea-AI Filing Summary

Uwharrie Capital Corp reported solid growth for the year ended December 31, 2025. Consolidated total assets reached $1.20 billion, up from $1.13 billion a year earlier, a $68 million, or 6%, increase driven primarily by higher customer deposits across multiple product sectors.

Full-year net income rose to $11.4 million from $9.9 million in 2024. Net income available to common shareholders was $10.8 million, or $1.49 per share, compared with $9.3 million, or $1.26 per share. The 15% year-over-year improvement in net income is attributed to margin growth from increased loans while maintaining credit quality.

Positive

• Strong earnings growth: Net income for 2025 rose to $11.4 million from $9.9 million, a 15% year-over-year increase driven by higher loan-related margin while maintaining credit quality.
• Per-share improvement and balance sheet growth: Net income available to common shareholders increased to $1.49 per share from $1.26, and total assets grew 6% to $1.20 billion on rising customer deposits.

Negative

• None.

Insights

Regional bank equity analyst

Uwharrie posts 15% earnings growth on loan-driven margin expansion.

Uwharrie Capital Corp delivered higher profitability in 2025, with net income increasing to $11.4 million from $9.9 million. Management links this improvement to stronger net interest margin as loans grew, while keeping credit quality at “appropriate” levels.

Assets expanded to $1.20 billion at December 31, 2025, up from $1.13 billion, as customer deposits rose across multiple product sectors. This deposit growth supports loan expansion and interest income, an important driver for a community banking model reliant on spread income.

Net income available to common shareholders increased to $10.8 million, or $1.49 per share, compared with $9.3 million, or $1.26 per share, highlighting earnings growth on a per-share basis. Future disclosures in company filings may provide more detail on loan mix, deposit costs, and credit metrics underpinning these trends.

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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): February 10, 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 February 10, 2026, Uwharrie Capital Corp (the “Registrant”) announced financial results for the period ended December 31, 2025. The Registrant reported consolidated total assets of $1.20 billion at December 31, 2025, compared to $1.13 billion at December 31, 2024.

Net income for the twelve-month period ended December 31, 2025, was $11.4 million versus $9.9 million for the same period in 2024. For the twelve months ended December 31, 2025, net income available to common shareholders was $10.8 million, or $1.49 per share, compared to $9.3 million, or $1.26 per share, for the twelve months ended December 31, 2024. 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 February 10, 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: February 10, 2026		By:	/s/ Heather H. Almond
			Heather H. Almond
			Principal Financial Officer

Exhibit 99.1

Year-End 2025 - Earnings Release

FOR IMMEDIATE RELEASE

From: Roger Dick

Uwharrie Capital Corp

704-983-6181

Date: February 10, 2026

Albemarle, NC - Uwharrie Capital Corp and its subsidiary, Uwharrie Bank, reported consolidated total assets of $1.20 billion at December 31, 2025, versus $1.13 billion at December 31, 2024, a $68 million, or 6%, increase for the year. The increase was primarily due to growth in customer deposits across multiple deposit product sectors.

Net income for the twelve-month period ended December 31, 2025, was $11.4 million versus $9.9 million for the same period in 2024. For the twelve months ended December 31, 2025, net income available to common shareholders was $10.8 million, or $1.49 per share, compared to $9.3 million, or $1.26 per share, for the twelve months ended December 31, 2024. Net income available to common shareholders takes into consideration the payment of dividends on preferred stock issued by the Company.

The improvement in year-over-year net income of $1.5 million, or 15%, is attributable to growth in margin from an increase in loans held by the Company, while maintaining appropriate credit quality levels.

Contact Roger Dick, Chief Executive 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.

FAQ

How did Uwharrie Capital Corp (UWHR) perform financially in 2025?

Uwharrie Capital Corp reported higher earnings in 2025. Net income rose to $11.4 million from $9.9 million in 2024, while net income available to common shareholders increased to $10.8 million, or $1.49 per share, compared with $9.3 million, or $1.26 per share.

What happened to Uwharrie Capital Corp’s assets in 2025?

Total assets at Uwharrie Capital Corp increased in 2025. Consolidated total assets reached $1.20 billion at December 31, 2025, up from $1.13 billion a year earlier, a $68 million, or 6%, increase mainly driven by growth in customer deposits.

How much did Uwharrie Capital Corp’s earnings per share grow in 2025?

Earnings per share showed notable growth in 2025. Net income available to common shareholders was $1.49 per share for 2025, up from $1.26 per share in 2024, reflecting stronger profitability on a per-share basis for common shareholders.

What drove Uwharrie Capital Corp’s earnings improvement in 2025?

Loan-driven margin expansion supported earnings growth. The company attributes the $1.5 million, or 15%, year-over-year increase in net income to growth in margin from an increase in loans held by the company, while maintaining appropriate credit quality levels.

How did customer deposits affect Uwharrie Capital Corp in 2025?

Customer deposits contributed to balance sheet growth. The company’s $68 million asset increase to $1.20 billion was primarily due to growth in customer deposits across multiple deposit product sectors, providing funding to support loan growth and income generation.

What is net income available to common shareholders at Uwharrie Capital Corp?

It is net income after preferred dividends. For 2025, net income available to common shareholders was $10.8 million, or $1.49 per share, which reflects total net income minus dividends paid on preferred stock issued by the company.

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