Uwharrie Capital announces increase in total assets, net income

Uwharrie Capital Corp and its subsidiary, Uwharrie Bank, reported consolidated total assets of $1.07 billion at Dec. 31, 2023, versus $1.02 billion at Dec. 31, 2022.

Net income for the 12-month period ended Dec. 31, 2023, was $8.6 million versus $8.2 million for the same period in 2022. For the 12 months ended Dec. 31, 2023, net income available to common shareholders was $8 million, or $1.12 per diluted share, compared to $7.7 million, or $1.06 per diluted share, for Dec. 31, 2022. Net income available to common shareholders takes into consideration the payment of dividends on preferred stock issued by the company.

“Our 2023 year-end financials are the result of continued relationship development throughout our communities,” Roger L. Dick, president and CEO of the company, said. “As we move into 2024, we remain focused on growth of core earnings to support our well-capitalized balance sheet, and a strong liquidity position with prudent risk management of all aspects of our company.”

Contact CEO Roger Dick at 704-983-6181 for further information.