Uwharrie Capital Corp Announces First Quarter 2023 Earnings.

ALBEMARLE, N.C: Uwharrie Capital Corp (OTCQX: UWHR) and its subsidiary, Uwharrie Bank, reported consolidated total assets of $1.05 billion at March 31, 2023, versus $1.02 billion at December 31, 2022. During the first quarter of 2023, the Bank experienced strong growth in both loans and core deposits due to continued confidence from our customers.

Net income for the three-month period ended March 31, 2023 was $2.0 million versus $801 thousand for the same period in 2022. For the three months ended March 31, 2023, net income available to common shareholders was $1.8 million...