---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-23-006354"
form_type: "8-K"
ticker: "UWHR"
cik: "0000898171"
company_name: "UWHARRIE CAPITAL CORP"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T10:46:45.014749+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001564590-23-006354
- form_type: 8-K
- ticker: UWHR
- cik: 0000898171
- company_name: UWHARRIE CAPITAL CORP
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/898171/000156459023006354/0001564590-23-006354-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/898171/000156459023006354/uwhr-8k_20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-23-006354
- JSON: https://secwatch.observer/filing/0001564590-23-006354.json
- Plain text: https://secwatch.observer/filing/0001564590-23-006354.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/898171/000156459023006354/0001564590-23-006354-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.