Earnings Releases·Nov 13, 2026, 10:02 AM ET

Uwharrie Capital Corp — Nine Months Ended September 30, 2026 Earnings Summary

Net income rose 21% year-over-year to $10 million, driven by a 5% increase in net interest income to $30.163 million and a 20% jump in noninterest income to $10.065 million, despite a 10% rise in total noninterest expenses to $28.271 million.
The loan portfolio expanded by $27 million to $709 million, supported by core deposit growth of $14 million, while total assets grew $15 million to $1.23 billion and book value per share increased to $8.19 from $8.13.
Mortgage banking income declined to $2.552 million due to elevated funding costs and economic uncertainty, though other service fees, commissions, and realized gains on equity securities offset some pressure.
The Board declared a 3% stock dividend payable November 23, 2026, and management reaffirmed its strategic focus on asset quality, liquidity, and capital strength amid ongoing challenges from higher borrowing costs.