Uwharrie Capital Corp reports decrease in net income
Published 9:43 am Tuesday, February 28, 2023
Uwharrie Capital Corp and its subsidiary, Uwharrie Bank, reported consolidated total assets of $1.02 billion at Dec. 31, 2022, versus $939.7 million at Dec. 31, 2021.
Net income for the 12-month period ended Dec. 31, 2022, was $8.2 million versus $10.1 million for the same period in 2021. For the 12 months ended Dec. 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 Dec. 31, 2021.
Net income available to common shareholders takes into consideration the payment of dividends on preferred stock issued by the company.
Contact Chief Executive Officer Roger Dick at 704-983-6181 for further information.