Uwharrie Capital Q2 FY26 net income rises to $3.9 million from $2.8 million year-earlier

Total assets rose to $1.22 billion at June 30 from $1.20 billion at year-end; deposits increased to $1.10 billion from $1.08 billion.

Uwharrie Capital reported Q2 net income of $3.9 million, up 39.29% from a year earlier; EPS available to common shareholders rose 43.24% to $0.53.

Net interest income increased 4.69% to $10.2 million; net interest margin narrowed 0.04 percentage points to 3.52%.

Credit costs swung to a $424,000 recovery from a $254,000 provision; net loan charge-offs fell to $8,000 from $76,000.

Noninterest income climbed by $961,000, driven by a $827,000 Visa exchange-offer gain; noninterest expense rose by $683,000.