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Uwharrie Capital Corp Releases Second Quarter 2024 Earnings

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Uwharrie Capital Corp (OTCQX: UWHR) reported strong financial results for Q2 2024. The company's consolidated total assets reached $1.12 billion on June 30, 2024, up from $1.07 billion at the end of 2023. Net income for the first half of 2024 increased to $4.6 million, compared to $4.2 million in the same period of 2023. Net income available to common shareholders rose to $4.3 million, or $0.61 per share, up from $3.9 million, or $0.54 per share, year-over-year. For Q2 2024, net income remained stable at $2.2 million, with $2.1 million available to common shareholders, translating to $0.29 per share.

Uwharrie Capital Corp (OTCQX: UWHR) ha riportato risultati finanziari solidi per il secondo trimestre del 2024. Gli attivi totali consolidati dell'azienda hanno raggiunto 1,12 miliardi di dollari al 30 giugno 2024, in aumento rispetto a 1,07 miliardi di dollari alla fine del 2023. Il reddito netto per la prima metà del 2024 è aumentato a 4,6 milioni di dollari, rispetto a 4,2 milioni di dollari nello stesso periodo del 2023. Il reddito netto disponibile per gli azionisti comuni è salito a 4,3 milioni di dollari, ovvero 0,61 dollari per azione, in aumento rispetto a 3,9 milioni di dollari, o 0,54 dollari per azione, rispetto all'anno precedente. Per il secondo trimestre del 2024, il reddito netto è rimasto stabile a 2,2 milioni di dollari, con 2,1 milioni di dollari disponibili per gli azionisti comuni, che si traducono in 0,29 dollari per azione.

Uwharrie Capital Corp (OTCQX: UWHR) reportó resultados financieros sólidos para el segundo trimestre de 2024. Los activos totales consolidados de la empresa alcanzaron 1,12 mil millones de dólares al 30 de junio de 2024, un aumento respecto a 1,07 mil millones de dólares al final de 2023. El ingreso neto para la primera mitad de 2024 aumentó a 4,6 millones de dólares, en comparación con 4,2 millones de dólares en el mismo período de 2023. El ingreso neto disponible para los accionistas comunes subió a 4,3 millones de dólares, o 0,61 dólares por acción, un incremento sobre 3,9 millones de dólares, o 0,54 dólares por acción, año tras año. Para el segundo trimestre de 2024, el ingreso neto se mantuvo estable en 2,2 millones de dólares, con 2,1 millones de dólares disponibles para los accionistas comunes, lo que se traduce en 0,29 dólares por acción.

Uwharrie Capital Corp (OTCQX: UWHR)는 2024년 2분기 강력한 재무 성과를 보고했습니다. 2024년 6월 30일 기준으로 회사의 통합 총 자산은 11억 2천만 달러에 달하며, 이는 2023년 말 10억 7천만 달러에서 증가한 수치입니다. 2024년 상반기 순이익은 460만 달러로 증가하였으며, 이는 2023년 같은 기간의 420만 달러와 비교됩니다. 일반 주주에게 배당 가능한 순이익은 430만 달러, 즉 주당 0.61달러로 증가했으며, 이는 지난해 같은 기간의 390만 달러, 또는 주당 0.54달러에서 상승한 것입니다. 2024년 2분기 동안 순이익은 220만 달러로 안정세를 유지하였으며, 일반 주주에게 배당 가능한 금액은 210만 달러로 주당 0.29달러로 환산됩니다.

Uwharrie Capital Corp (OTCQX: UWHR) a rapporté de solides résultats financiers pour le deuxième trimestre de 2024. Les actifs totaux consolidés de l'entreprise ont atteint 1,12 milliard de dollars au 30 juin 2024, en hausse par rapport à 1,07 milliard de dollars à la fin de 2023. Le bénéfice net pour le premier semestre de 2024 a augmenté à 4,6 millions de dollars, contre 4,2 millions de dollars au cours de la même période en 2023. Le bénéfice net disponible pour les actionnaires ordinaires a grimpé à 4,3 millions de dollars, soit 0,61 dollar par action, contre 3,9 millions de dollars, soit 0,54 dollar par action, par rapport à l'année précédente. Pour le deuxième trimestre de 2024, le bénéfice net est resté stable à 2,2 millions de dollars, avec 2,1 millions de dollars disponibles pour les actionnaires ordinaires, ce qui équivaut à 0,29 dollar par action.

Uwharrie Capital Corp (OTCQX: UWHR) hat für das zweite Quartal 2024 starke finanzielle Ergebnisse gemeldet. Die konsolidierten Gesamtaktiva des Unternehmens erreichten am 30. Juni 2024 1,12 Milliarden Dollar, ein Anstieg von 1,07 Milliarden Dollar zum Ende des Jahres 2023. Der Nettogewinn für das erste Halbjahr 2024 stieg auf 4,6 Millionen Dollar, verglichen mit 4,2 Millionen Dollar im gleichen Zeitraum 2023. Der Nettogewinn, der den Stammaktionären zur Verfügung steht, erhöhte sich auf 4,3 Millionen Dollar, oder 0,61 Dollar pro Aktie, im Vergleich zu 3,9 Millionen Dollar, oder 0,54 Dollar pro Aktie, im Jahr davor. Im zweiten Quartal 2024 blieb der Nettogewinn stabil bei 2,2 Millionen Dollar, wobei 2,1 Millionen Dollar den Stammaktionären zur Verfügung standen. Dies entspricht 0,29 Dollar pro Aktie.

Positive
  • Consolidated total assets increased to $1.12 billion, up 4.7% from December 31, 2023
  • Net income for H1 2024 grew to $4.6 million, a 9.5% increase year-over-year
  • Net income available to common shareholders rose to $4.3 million, up 10.3% from H1 2023
  • Earnings per share increased to $0.61 for H1 2024, up from $0.54 in H1 2023
Negative
  • None.

ALBEMARLE, N.C., July 19, 2024 /PRNewswire/ -- Uwharrie Capital Corp (OTCQX: UWHR) and its subsidiary, Uwharrie Bank (the "Bank"), reported consolidated total assets of $1.12 billion on June 30, 2024, versus $1.07 billion on December 31, 2023.

Net income for the six-month period ended June 30, 2024, was $4.6 million versus $4.2 million for the same period in 2023. For the six months ended June 30, 2024, net income available to common shareholders was $4.3 million, or $0.61 per share, compared to $3.9 million, or $0.54 per share, for the six months ended June 30, 2023. Net income available to common shareholders takes into consideration the payment of dividends on preferred stock issued by the Bank.

Net income for both three-month periods ended June 30, 2024 and 2023, was $2.2 million. For the three months ended June 30, 2024 and 2023, net income available to common shareholders was $2.1 million, or $0.29 per share.

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.

Cision View original content:https://www.prnewswire.com/news-releases/uwharrie-capital-corp-releases-second-quarter-2024-earnings-302201866.html

SOURCE Uwharrie Capital Corp

FAQ

What was Uwharrie Capital Corp's (UWHR) net income for Q2 2024?

Uwharrie Capital Corp (UWHR) reported a net income of $2.2 million for the second quarter of 2024, which remained stable compared to the same period in 2023.

How much did Uwharrie Capital Corp's (UWHR) total assets grow in H1 2024?

Uwharrie Capital Corp's (UWHR) consolidated total assets grew to $1.12 billion as of June 30, 2024, an increase from $1.07 billion on December 31, 2023, representing a growth of approximately 4.7%.

What was Uwharrie Capital Corp's (UWHR) earnings per share for H1 2024?

Uwharrie Capital Corp (UWHR) reported earnings per share of $0.61 for the six-month period ended June 30, 2024, an increase from $0.54 per share for the same period in 2023.

How did Uwharrie Capital Corp's (UWHR) net income change in H1 2024 compared to H1 2023?

Uwharrie Capital Corp's (UWHR) net income for the first half of 2024 increased to $4.6 million, up from $4.2 million in the same period of 2023, representing a 9.5% year-over-year growth.

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