Uwharrie Capital reports Q1 net income $2.4M, up 20% YoY; EPS $0.31 vs $0.25

UWHARRIE CAPITAL CORP

2024-Q1 EPS reported $0.31

Net income $2.4M for Q1 2024 vs $2.0M same period 2023; EPS $0.31 vs $0.25.
Total assets $1.10B at Mar 31, 2024, up from $1.07B at Dec 31, 2023.
Net income available to common shareholders $2.2M vs $1.8M YoY.
Improvement driven by stronger net interest margin and lower credit loss reserve requirements.

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 0.9

UWHARRIE CAPITAL CORP reported the period ended March 31, 2024 results: net income $2.4 million, EPS $0.31 per share.

Period: the period ended March 31, 2024
Net income: $2.4 million
EPS: $0.31 per share
Result: reported results

Exact text from the filing

On April 29, 2024, Uwharrie Capital Corp (the “Registrant”) announced financial results for the period ended March 31, 2024. The Registrant reported consolidated total assets of $1.10 billion at March 31, 2024, compared to $1.07 billion at December 31, 2023. Net income for the three-month period ended March 31, 2024, was $2.4 million versus $2.0 million for the same period in 2023. For the three months ended March 31, 2024, net income available to common shareholders was $2.2 million, or $0.31 per share, compared to $1.8 million, or $0.25 per share, for the three months ended March 31, 2023.

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Source: SEC EDGAR

accession 0000950170-24-049551

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