---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-23-007401"
form_type: "8-K"
ticker: "UWHR"
cik: "0000898171"
company_name: "UWHARRIE CAPITAL CORP"
filed_at: "2023-05-24T23:59:59+00:00"
generated_at: "2026-06-14T16:54:00.772161+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 to common $1.8M, EPS $0.26 vs $0.09, total assets $1.05B

## Summary
- Net income available to common $1.8M ($0.26 EPS) in Q1 2023 vs $662K ($0.09 EPS) in Q1 2022.
- Total assets $1.05B as of Mar 31, 2023, up $72M from prior year; loan growth 13.7% YoY.
- Loan-to-deposit ratio ~54%, reflecting conservative balance sheet management.
- Adopted CECL, reducing retained earnings by $1.9M and doubling allowance for credit losses.
- Company emphasizes experienced risk management and compliance with banking regulations.

## SEC filing metadata
- accession: 0001564590-23-007401
- form_type: 8-K
- ticker: UWHR
- cik: 0000898171
- company_name: UWHARRIE CAPITAL CORP
- filed_at: 2023-05-24T23:59:59+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/898171/000156459023007401/0001564590-23-007401-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/898171/000156459023007401/uwhr-8k_20230524.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-23-007401
- JSON: https://secwatch.observer/filing/0001564590-23-007401.json
- Plain text: https://secwatch.observer/filing/0001564590-23-007401.txt

## Key facts
- Earnings Releases
  UWHARRIE CAPITAL CORP reported the first three months of 2023 results: net income $2.0 million, EPS $0.26 per share.
  - Period: the first three months of 2023
  - Net income: $2.0 million
  - EPS: $0.26 per share
  - Result: reported results
  source text: Net income for the first three months of 2023 was $2.0 million, as compared to $801 thousand for the same three-month period in 2022. This equates to $1.8 million in net income available to common shareholders, or $0.26 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/898171/000156459023007401/0001564590-23-007401-index.htm

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