What's Happening?
Uwharrie Capital Corp, along with its subsidiary Uwharrie Bank, reported a 6% increase in consolidated total assets, reaching $1.20 billion as of December 31, 2025. The company's net income for the year was $11.4 million, up from $9.9 million in 2024. Net income available to common shareholders was $10.8 million, or $1.49 per share, compared to $9.3 million, or $1.26 per share, in the previous year. The improvement in net income is attributed to growth in the company's loan portfolio while maintaining credit quality.
Why It's Important?
The financial results demonstrate Uwharrie Capital Corp.'s successful management and growth strategy, particularly in expanding its loan portfolio and increasing customer deposits. The company's ability to enhance its financial performance
while maintaining credit quality is crucial for its long-term sustainability and competitiveness in the financial sector. This growth benefits shareholders and positions the company for future opportunities in the banking and financial services industry.
