Uwharrie Capital Q1 net income $2.4M ($0.31/sh) vs $2.0M; loans grow 19%

UWHARRIE CAPITAL CORP

2024-Q1 EPS reported $0.31

Total assets $1.10B (+$51M YoY); core deposits up $39M; loans +$97M (19% YoY).
Net income available to common $2.2M vs $1.8M; annualized ROE 18.96%.
Earnings improvement driven by net interest margin expansion and customer growth.
Off-balance sheet assets (investment advisory & mortgage) total additional $1B.
40th anniversary noted; no changes to dividend or guidance provided.

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