Uwharrie Capital Q1 net income jumps to $2.0M from $801K; EPS $0.26 vs $0.09

UWHARRIE CAPITAL CORP

2023-Q1 EPS reported $0.26

Consolidated total assets $1.05B at March 31, 2023, up from $1.02B at Dec 31, 2022.
Net income $2.0M for Q1 2023 vs $801K for Q1 2022; net income to common shareholders $1.8M.
Diluted EPS $0.26 per share vs $0.09 per share year-over-year.
Improvement driven by rising interest rates expanding margins.
Bank reported strong loan and core deposit growth during the quarter.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UWHARRIE CAPITAL CORP reported the three-month period ended March 31, 2023 results: net income $2.0 million, EPS $0.26 per share.

Period: the three-month period ended March 31, 2023
Net income: $2.0 million
EPS: $0.26 per share
Result: reported results

Exact text from the filing

Net income for the three-month period ended March 31, 2023 was $2.0 million versus $801 thousand for the same period in 2022. For the three months ended March 31, 2023, net income available to common shareholders was $1.8 million, or $0.26 per share, compared to $662 thousand, or $0.09 per share, for March 31, 2022.

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Source: SEC EDGAR

accession 0001564590-23-006354

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