Uwharrie Capital Corp FY2022 net income falls to $8.2M; EPS $1.08 vs $1.29

UWHARRIE CAPITAL CORP

2022-FY EPS reported $1.08

Total assets grew to $1.02B at Dec 31, 2022, up from $939.7M a year earlier.
Net income for FY2022 was $8.2M, down 19% from $10.1M in FY2021.
Diluted EPS available to common shareholders fell to $1.08 from $1.29.
Decline driven by reduced mortgage banking income due to rising interest rates and slowdown in originations.

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 twelve-month period ended December 31, 2022 results: net income $8.2 million, EPS $1.08 per diluted share.

Period: the twelve-month period ended December 31, 2022
Net income: $8.2 million
EPS: $1.08 per diluted share
Result: reported results

Exact text from the filing

On February 27, 2023, Uwharrie Capital Corp (the “Registrant”) announced financial results for the period ended December 31, 2022. The Registrant reported consolidated total assets of $1.02 billion at December 31, 2022, compared to $939.7 million at December 31, 2021. Net income for the twelve-month period ended December 31, 2022, was $8.2 million versus $10.1 million for the same period in 2021. For the twelve months ended December 31, 2022, net income available to common shareholders was $7.7 million, or $1.08 per diluted share, compared to $9.5 million, or $1.29 per diluted share, for December 31, 2021.

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Source: SEC EDGAR

accession 0001564590-23-002512

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