UWHARRIE CAPITAL CORP

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.

Uwharrie Capital Corp held its Annual Meeting of Shareholders on May 19, 2026, where all four proposals submitted to shareholders were approved. This included the election of seven directors to the Board. Shareholders also ratified a non-binding resolution on executive compensation and approved the appointment of Forvis Mazars, LLP as the independent registered public accounting firm for 2026. Additionally, shareholders voted for a three-year frequency for future advisory votes on executive compensation.