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UWHARRIE CAPITAL CORP 8-K Analysis & Summary – 2/21/2025

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

UWHARRIE CAPITAL CORP

Filing date:

02/21/2025

TLDR:

Uwharrie Capital Corp announced its year-end 2024 financial results, including an increase in total assets and net income compared to the previous year.

ELI5:

Uwharrie Capital Corp made more money this year than last year. They have more assets and a higher net income.

Accession #:

0000950170-25-024767

Published on

Analyst Summary

  • Consolidated total assets increased to $1.13 billion at December 31, 2024, from $1.07 billion at December 31, 2023.
  • Net income for the twelve-month period ended December 31, 2024, was $9.9 million, compared to $8.6 million for the same period in 2023.
  • 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 the twelve months ended December 31, 2023.
  • The year-over-year improvement in net income is largely due to increased net interest margin earned on a larger loan portfolio.

Potential Implications

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️