Uwharrie Capital Corp Reports Increased Net Income for Second Quarter 2026
Uwharrie Capital Corp reported a net income of $3.9 million for the second quarter of 2026, with assets reaching $1.22 billion. The results included gains from a Visa exchange offer and reversal of credit loss reserves.
Albemarle, N.C. – July 22, 2026 – Uwharrie Capital Corp and its subsidiary, Uwharrie Bank, announced their financial results for the second quarter ending June 30, 2026. Consolidated total assets grew to $1.22 billion from $1.20 billion at the end of 2025.
Net income for the second quarter of 2026 was $3.9 million, a significant increase from $2.8 million reported for the same period in 2025. For the first six months of 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, in the first half of 2025.
The company's second-quarter earnings were bolstered by non-recurring items. A gain of approximately $850,000 was recognized from participation in the 2026 Visa Exchange Offer Program, primarily reflecting the value of Visa C shares received. Additionally, earnings benefited from the reversal of $424,000 in previously established credit loss reserves.
Excluding these specific items, Uwharrie Capital Corp noted that its underlying operating performance demonstrated stable net interest income, strong asset quality, and continued growth in customer relationships. The company offers a full range of financial solutions through Uwharrie Bank and Uwharrie Investment Advisors.