UWHR 8-K
Uwharrie Capital Corp (UWHR)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On July 22, 2026, Uwharrie Capital Corp (the “Registrant”) announced financial results for the period ended June 30, 2026. The Registrant reported consolidated total assets of $1.22 billion at June 30, 2026, compared to $1.20 billion at December 31, 2025.
Net income for the six-month period ended June 30, 2026, was $7.1 million versus $5.4 million for the same period in 2025. For the six months ended June 30, 2026, net income available to common shareholders was $6.8 million, or $0.96 per share, compared to $5.1 million, or $0.70 per share, for the six months ended June 30, 2025. Net income available to common shareholders takes into consideration the payment of dividends on preferred stock issued by the Registrant.
Net income for the three-month period ended June 30, 2026, was $3.9 million versus $2.8 million for the same period in 2025. For the three months ended June 30, 2026, net income available to common shareholders was $3.8 million, or $0.53 per share, compared to $2.7 million, or $0.37 per share, for the three months ended June 30, 2025.
A copy of the press release (the “Press Release”) announcing the Registrant’s results is attached as Exhibit 99.1 and incorporated by reference herein.
This Current Report on Form 8-K (including information included or incorporated by reference herein) may contain, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, (i) statements regarding certain of the Registrant’s goals and expectations with respect to earnings, income per share, revenue, expenses and the growth rate in such items, as well as other measures of economic performance, including statements relating to estimates of credit quality trends, and (ii) statements preceded by, followed by or that include the words “may,” “could,” “should,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “projects,” “outlook” or similar expressions. These statements are based upon the current belief and expectations of the Registrant’s management and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond the Registrant’s control).
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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99.1 |
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104 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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UWHARRIE CAPITAL CORP |
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Date: July 22, 2026 |
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By: |
/s/ Heather H. Almond |
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Heather H. Almond |
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Principal Financial Officer |
Exhibit 99.1
Second Quarter 2026 - Earnings Release
FOR IMMEDIATE RELEASE
From: Heather H. Almond
Uwharrie Capital Corp
704-983-6181
Date: July 22, 2026
Albemarle, NC - Uwharrie Capital Corp and its subsidiary, Uwharrie Bank (the “Bank”), reported consolidated total assets of $1.22 billion at June 30, 2026, versus $1.20 billion at December 31, 2025.
Net income for the six-month period ended June 30, 2026, was $7.1 million versus $5.4 million for the same period in 2025. For the six months ended June 30, 2026, net income available to common shareholders was $6.8 million, or $0.96 per share, compared to $5.1 million, or $0.70 per share, for the six months ended June 30, 2025. Net income available to common shareholders takes into consideration the payment of dividends on preferred stock issued by the Bank.
Net income for the three-month period ended June 30, 2026, was $3.9 million versus $2.8 million for the same period in 2025. For the three months ended June 30, 2026, net income available to common shareholders was $3.8 million, or $0.53 per share, compared to $2.7 million, or $0.37 per share, for the three months ended June 30, 2025.
Results for the quarter included non-recurring items. Approximately $850 thousand gain was recognized in connection with the Bank's participation in the 2026 Visa Exchange Offer Program, primarily reflecting the recognition of the value of Visa C shares received in exchange for Visa B shares. Additionally, earnings benefited from the reversal of $424 thousand of previously established credit loss reserves under the current expected credit loss (CECL) model. Excluding these items, underlying operating performance continued to reflect stable net interest income, strong asset quality, and continued growth in customer relationships.
Contact Heather Almond, Chief Financial Officer at 704-983-6181 for further information.
About Uwharrie Capital Corp
Uwharrie Capital Corp offers a full range of financial solutions through its subsidiaries: Uwharrie Bank and Uwharrie Investment Advisors. Additional information on Uwharrie Capital Corp may be found at www.Uwharrie.com or by calling 704-982-4415.