Uwharrie Capital Q2 net income $1.7M ($0.22/share); assets reach $991M, up 17% YoY

UWHARRIE CAPITAL CORP

2022-Q2 EPS reported $0.32

Assets $991M as of June 30, 2022, up 17% from $845M YoY.
Q2 2022 net income $1.7M vs $1.6M in Q2 2021; EPS $0.22 vs $0.20.
H1 2022 net income $2.5M vs $6.2M in H1 2021; decline due to $1M one-time PPP income, $991K bond gains, and $4.7M mortgage revenue in prior year.
Loan book grew $76M in new production, replacing $50M forgiven PPP loans.
Management notes headwinds from rising rates and national mortgage origination decline 30-40%.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.