Uwharrie Capital Corp reports H1 2022 net income $2.5M, down 60% from $6.2M in H1 2021

UWHARRIE CAPITAL CORP

H1 2022 net income $2.5M vs $6.2M in H1 2021; EPS $0.32 vs $0.82.
Q2 2022 net income $1.7M vs $1.6M in Q2 2021; EPS $0.22 vs $0.20.
Total assets grew 17% to $991M from $845M a year ago.
Decline due to non-recurring 2021 items: $1M PPP income, $991K bond gains, $4.7M mortgage revenue.

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