Quarterly ResultJul 22, 2026, 01:56 PM
Uwharrie Capital Q2 Net Income $3.9M, EPS $0.53; H1 EPS $0.96
AI Summary
Uwharrie Capital Corp reported strong financial results for Q2 and H1 2026, with net income and EPS showing significant year-over-year growth. For Q2 2026, net income was $3.9 million ($0.53 EPS), and for H1 2026, it was $7.1 million ($0.96 EPS). Total assets increased to $1.22 billion. However, the quarterly results included non-recurring gains totaling approximately $1.27 million from a Visa Exchange Offer Program and a reversal of credit loss reserves.
Key Highlights
- Q2 2026 net income was $3.9 million, up from $2.8 million in Q2 2025.
- Q2 2026 net income available to common shareholders was $3.8 million, or $0.53 per share, compared to $0.37 per share in Q2 2025.
- H1 2026 net income was $7.1 million, up from $5.4 million in H1 2025.
- H1 2026 net income available to common shareholders was $6.8 million, or $0.96 per share, compared to $0.70 per share in H1 2025.
- Consolidated total assets reached $1.22 billion at June 30, 2026, an increase from $1.20 billion at December 31, 2025.
- Q2 results included an $850 thousand gain from the Visa Exchange Offer Program.
- Q2 results benefited from a $424 thousand reversal of credit loss reserves under the CECL model.
Price Impact
More from UWHR