Filing Analysis
Uwharrie Capital Corp released its quarterly report to shareholders for the period ended September 30, 2024. The filing includes a letter from President and CEO Roger L. Dick and unaudited financial information.
📋 Key Facts
- Report covers the period ended September 30, 2024.
- Includes a shareholder letter from President and CEO Roger L. Dick.
- Contains unaudited financial information for the quarter.
Uwharrie Capital Corp reported its financial results for the period ended September 30, 2024, showing year-over-year growth in net income and total assets. Additionally, the Board declared a 2% stock dividend to be paid on November 18, 2024.
📋 Key Facts
- Total assets as of Sept 30, 2024: $1.18 billion (up from $1.07 billion at Dec 31, 2023).
- Nine-month net income (ended Sept 30, 2024): $7.6 million vs. $6.3 million for the same period in 2023.
- Net income available to common shareholders (nine months): $7.2 million ($1.00 per share) vs. $5.9 million ($0.80 per share) in 2023.
- Three-month net income (ended Sept 30, 2024): $3.0 million vs. $2.1 million for the same period in 2023.
- Board declared a 2% stock dividend to be paid on November 18, 2024.
Uwharrie Capital Corp released its quarterly report to shareholders for the period ended June 30, 2024. The filing includes a letter from CEO Roger L. Dick and unaudited financial information.
📋 Key Facts
- Report covers the period ended June 30, 2024.
- Includes a shareholder letter from President and CEO Roger L. Dick.
- Contains unaudited financial information for the quarter.
Uwharrie Capital Corp announced its financial results for the period ended June 30, 2024. The company reported year-over-year growth in both total assets and net income available to common shareholders.
📋 Key Facts
- Consolidated total assets were $1.12 billion at June 30, 2024, up from $1.07 billion at December 31, 2023.
- Net income for the six-month period ended June 30, 2024, was $4.6 million, compared to $4.2 million for the same period in 2023.
- Net income available to common shareholders for the first six months of 2024 was $4.3 million ($0.61 per share), up from $3.9 million ($0.54 per share) in 2023.
- Three-month net income for both Q2 2024 and Q2 2023 was $2.2 million.
Uwharrie Capital Corp released its quarterly report to shareholders for the period ended March 31, 2024. The filing includes a letter from CEO Roger L. Dick and unaudited financial information.
📋 Key Facts
- Report date: May 29, 2024
- Reporting period end date: March 31, 2024
- Includes a shareholder letter from President and CEO Roger L. Dick
- Contains unaudited financial information for the first quarter of 2024
Uwharrie Capital Corp held its Annual Meeting of Shareholders on May 28, 2024. Shareholders approved the election of four directors and ratified the appointment of Forvis, LLP as the independent auditor for 2024.
📋 Key Facts
- Annual Meeting held on May 28, 2024.
- Proposal 1: Four Board members (Dean M. Bowers, Deidre B. Foster, Allen K. Furr, and S. Todd Swaringen) were elected to the Board of Directors.
- Proposal 2: Shareholders ratified the appointment of Forvis, LLP as the independent registered public accounting firm for 2024 with 4,189,685 votes in favor.
- The voting results followed a definitive proxy statement filed on April 12, 2024.
Uwharrie Capital Corp announced its quarterly financial results for the period ended March 31, 2024. The company reported an increase in both total assets and net income compared to the same period in the previous year.
📋 Key Facts
- Total assets as of March 31, 2024: $1.10 billion (up from $1.07 billion at Dec 31, 2023).
- Net income for Q1 2024: $2.4 million (compared to $2.0 million in Q1 2023).
- Net income available to common shareholders: $2.2 million or $0.31 per share (up from $1.8 million or $0.25 per share in Q1 2023).
- Report date: April 29, 2024.
Uwharrie Capital Corp amended its corporate Bylaws effective April 16, 2024. The amendments primarily clarify the compensation authority for officers and define 'officers' in relation to Section 16 requirements.
📋 Key Facts
- Effective date of amendment: April 16, 2024.
- Amendment to Article V, Section 13: Clarifies that 'officers' refers to Section 16 Officers as defined in SEC Rule 16a-1(f).
- Amendment to Article VI, Section 3: Specifies that compensation for Section 16 Officers is fixed by the Board, while other officers may have their compensation fixed by Board-appointed officers.
Uwharrie Capital Corp announced its audited financial results for the fiscal year ended December 31, 2023. The company reported a slight increase in net income and total assets compared to the previous year.
📋 Key Facts
- Total assets as of Dec 31, 2023: $1.07 billion (up from $1.02 billion in 2022).
- Net income for FY 2023: $8.6 million (up from $8.2 million in 2022).
- Net income available to common shareholders: $8.0 million, or $1.12 per diluted share.
- Net income available to common shareholders for FY 2022 was $7.7 million, or $1.06 per diluted share.
Uwharrie Capital Corp announced the resignation of Stephen C. MD from its Board of Directors and its subsidiary, Uwharrie Bank, effective January 12, 2024.
🚩 Red Flags
- None identified; the filing contains a standard disclaimer regarding no disagreements.
📋 Key Facts
- Stephen C. Seltzer, MD resigned from the Board of Directors on January 12, 2024.
- The resignation applies to both the parent company, Uwharrie Capital Corp, and its subsidiary bank, Uwharrie Bank.
- The filing explicitly states the resignation is not due to any disagreement with the Registrant, its operations, policies, or practices.