Uwharrie Capital Corp reports H1 2023 net income $4.2M ($0.55 EPS) vs $2.5M ($0.31) a year ago

UWHARRIE CAPITAL CORP

2023-Q2 EPS reported $0.55

Net income for H1 2023 was $4.2M ($0.55 per share) vs $2.5M ($0.31 per share) in H1 2022.
Total assets reached $1.03B at June 30, 2023, up 4.3% from $991M a year earlier.
Loan portfolio grew $63M in H1 2023 vs H1 2022, a 13.3% annualized growth rate.
CEO cites resilient regional economy and rising interest rate environment driving margin improvement.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

UWHARRIE CAPITAL CORP reported the period ended June 30, 2023 results: net income $4.2 million, EPS $0.55 per share.

Period: the period ended June 30, 2023
Net income: $4.2 million
EPS: $0.55 per share
Result: reported results

Exact text from the filing

Net income for the first six months of 2023 was $4.2 million, as compared to $2.5 million for the same six-month period in 2022. This equates to $3.9 million in net income available to common shareholders, or $0.55 per share, compared to $2.2 million in net income available to common shareholders, or $0.31 per share, that we reported in 2022 for the same period.

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Source: SEC EDGAR

accession 0000950170-23-044503

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