Uwharrie Capital Q3 net income down to $2.1M; declares 2% stock dividend

UWHARRIE CAPITAL CORP

2023-Q3 EPS reported $0.82

Q3 2023 net income of $2.1M vs $2.8M in Q3 2022; EPS $0.28 vs $0.37.
Nine-month 2023 net income $6.3M vs $5.3M in prior period; EPS $0.82 vs $0.67.
Loan provision expense of $599K in Q3 2023 vs $1.5M recovery in Q3 2022.
Total assets $1.07B at Sep 30, 2023, up from $1.02B at Dec 31, 2022.
2% stock dividend declared, payable Nov 21, 2023 to holders of record Nov 7.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UWHARRIE CAPITAL CORP reported the nine-month period ended September 30, 2023 results: net income $6.3 million, EPS $0.82 per share.

Period: the nine-month period ended September 30, 2023
Net income: $6.3 million
EPS: $0.82 per share
Result: reported results

Exact text from the filing

Net income for the nine-month period ended September 30, 2023, was $6.3 million versus $5.3 million for the same period in 2022. For the nine months ended September 30, 2023, net income available to common shareholders was $5.9 million, or $0.82 per share, compared to $4.9 million, or $0.67 per share, for the nine months ended September 30, 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UWHARRIE CAPITAL CORP reported the three-month period ended September 30, 2023 results: net income $2.1 million, EPS $0.28 per share.

Period: the three-month period ended September 30, 2023
Net income: $2.1 million
EPS: $0.28 per share
Result: reported results

Exact text from the filing

Net Income for the three-month period ended September 30, 2023, was $2.1 million versus $2.8 million for the same period in 2022. For the three months ended September 30, 2023, net income available to common shareholders was $2.0 million, or $0.28 per share, compared to $2.7 million, or $0.37 per share, for the three months ended September 30, 2022.

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Source: SEC EDGAR

accession 0000950170-23-053942

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