Uwharrie Capital Corp (PK:UWHR)
Business Focus: Commercial Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 132 NORTH FIRST STREET PO Box 338 ALBEMARLE NC 28001 |
| Tel: | N/A |
| Website: | https://www.uwharrie.com/about/who-we-are |
| IR: | See website |
| Key People | ||
| Roger L. Dick President, Chief Executive Officer | Heather H. Almond Chief Financial Officer | Jeffery L. Trout President of Uwharrie Bank Mortgage |
| Jason R. Andrew Chief Operations Officer | Brooke L. Senter Chief People Officer | Tamara M. Singletary Executive Vice President - Investor Relations, Corporate Secretary |
| Christy D. Stoner Chief Marketing Officer | Roy David Beaver Chief Risk Officer | |
| Business Overview |
| Uwharrie Capital Corp is a bank holding company for Uwharrie Bank (the Bank), a North Carolina commercial bank. Its operations are primarily retail-oriented and directed to individuals and small to medium-sized businesses. The Bank provides traditional commercial and consumer banking services, including personal and commercial checking and savings accounts, money market accounts, certificates of deposit, individual retirement accounts, and related business and individual banking services. The Bank's lending activities include commercial loans and various consumer-type loans to individuals, including installment loans, mortgage loans, equity lines of credit and overdraft checking credit. The Bank also offers Internet banking, mobile banking, 24-hour telephone banking, and issues Visa check cards, an electronic banking card. The Company and its subsidiaries conduct their operations in Stanly County, Anson County, Cabarrus County, Randolph County and Mecklenburg County, North Carolina. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Uwharrie Capital Corp interest income increased 45% to $45.7M. Net interest income after loan loss provision increased 6% to $31.2M. Net income increased 5% to $8M. Net interest income after loan loss provision reflects Interest and fees on loans increase of 36% to $29.5M, Interest&Dividend-InvestSec AFS/HTM increase of 80% to $10.7M. |
| Employees: | 171 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $76.35M as of Dec 31, 2023 |
| Annual revenue (TTM): | $45.72M as of Dec 31, 2023 |
| EBITDA (TTM): | $14.53M as of Dec 31, 2023 |
| Net annual income (TTM): | $8.03M as of Dec 31, 2023 |
| Free cash flow (TTM): | $7.54M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $23.08M as of Dec 31, 2023 |
| Shares outstanding: | 7,103,003 as of Mar 25, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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