Uwharrie Capital H1 net income rises 11% to $4.3M; ROE 17.6%

UWHARRIE CAPITAL CORP

2024-Q2 EPS reported $0.61

H1 2024 net income $4.3M ($0.61/sh) vs $3.9M ($0.54/sh) year ago, up $419K.
Total assets $1.1B (+8.6% YoY); loans grew ~20% YoY; NIM improved to 3.40%.
Annualized ROE improved to 17.6% from 16.9%; low past dues and non-accrual loans.
Non-interest income from card services and wealth management growing; Greenlight partnership launched.

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