Getting your Trinity Audio player ready...

Uwharrie Capital Corp and its subsidiary, Uwharrie Bank, reported consolidated total assets of $1.13 billion at Dec. 31, 2024, versus $1.07 billion at Dec. 31, 2023, the organization announced recently.
Net income for the 12-month period ended Dec. 31, 2024, was $9.9 million versus $8.6 million for the same period in 2023. For the 12 months ended Dec. 31, 2024, net income available to common shareholders was $9.3 million, or $1.30 per diluted share, compared to $8.0 million, or $1.09 per diluted share, for Dec. 31, 2023. Net income available to common shareholders takes into consideration the payment of dividends on preferred stock issued by the company.
The year-over-year improvement in net income as of Dec. 31, 2024 is, in large part, the result of increased net interest margin earned on a substantially larger loan portfolio.
Contact Roger Dick, chief executive officer, at 704-983-6181 for further information.