Quarterly ResultMay 22, 2026, 11:56 AM
Uwharrie Capital Q1 Net Income $3.2M, EPS $0.43
AI Summary
Uwharrie Capital Corp reported strong financial results for Q1 2026, with net income increasing 25.9% to $3.215 million and diluted EPS reaching $0.43. The company achieved significant growth in total assets, which rose 4% to $1.25 billion, and deposits, which increased 5% to $51 million. Management emphasized continued stability in its core financial services business and sound credit quality, positioning the company well for dynamic economic conditions.
Key Highlights
- Net income rose 25.9% to $3.215M in Q1 2026 from $2.553M in Q1 2025.
- Diluted EPS increased 30.3% to $0.43 in Q1 2026 from $0.33 in Q1 2025.
- Total assets grew 4% to $1.25 billion from December 31, 2025.
- Deposit growth totaled $51 million, a 5% increase.
- Pre-Tax, Pre-Provision Income increased 13% to $4.0M from $3.6M in Q1 2025.
- Credit quality remained sound with 0.29% of total loans past-due 30+ days.
Price Impact
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