# EDGAR Filing Document

**Accession Number:** 0000898171
**File Stem:** 0001193125-26-235916
**Filing Date:** 2026-5
**Character Count:** 16666
**Document Hash:** 48e939fd024c840544eb02d2da6a4955
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-235916.hdr.sgml**: 20260522

**ACCESSION NUMBER**: 0001193125-26-235916

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 11

**CONFORMED PERIOD OF REPORT**: 20260522

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260522

**DATE AS OF CHANGE**: 20260522

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UWHARRIE CAPITAL CORP
- **CENTRAL INDEX KEY:** 0000898171
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 561814206
- **STATE OF INCORPORATION:** NC
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-22062
- **FILM NUMBER:** 261011931

**BUSINESS ADDRESS:**
- **STREET 1:** 132 NORTH FIRST STREET
- **STREET 2:** PO BOX 338
- **CITY:** ALBEMARLE
- **STATE:** NC
- **ZIP:** 28001
- **BUSINESS PHONE:** 7049836181

**MAIL ADDRESS:**
- **STREET 1:** P O BOX 338
- **CITY:** ALBEMARLE
- **STATE:** NC
- **ZIP:** 28002-0338

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STANLY CAPITAL CORP
- **DATE OF NAME CHANGE:** 19930303

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549**

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## FORM 8-K

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**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported):** May 22, 2026<br>

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Uwharrie Capital Corp

**(Exact name of Registrant as Specified in Its Charter)**

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| | | |
|:---|:---|:---|
| North Carolina | 000-22062 | 56-1814206 |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission File Number)** | **(IRS Employer<br>Identification No.)** |
| 132 North First Street |  |  |
| Albemarle**,** North Carolina |  | 28001 |
| **(Address of Principal Executive Offices)** |  | **(Zip Code)** |

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**Registrant's Telephone Number, Including Area Code:** 704 983-6181<br>

**(Former Name or Former Address, if Changed Since Last Report)**

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

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| | | |
|:---|:---|:---|
| **<br>Title of each class** | **Trading<br>Symbol(s)** | **<br>Name of each exchange on which registered** |
| None | N/A | N/A |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 2.02 Results of Operations and Financial Condition.** 

On May 22, 2026, Uwharrie Capital Corp (the "Registrant") released a quarterly report to its shareholders that included a letter to the shareholders from President and CEO Roger L. Dick and unaudited financial information for the period ended March 31, 2026.

A copy of this report is attached hereto as Exhibit 99.1 and incorporated by reference herein.

This Current Report on Form 8-K (including information included or incorporated by reference herein) may contain, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, (i) statements regarding certain of the Registrant's goals and expectations with respect to earnings, income per share, revenue, expenses and the growth rate in such items, as well as other measures of economic performance, including statements relating to estimates of credit quality trends, and (ii) statements preceded by, followed by or that include the words "may," "could," "should," "would," "believe," "anticipate," "estimate," "expect," "intend," "plan," "projects," "outlook" or similar expressions. These statements are based upon the current belief and expectations of the Registrant's management and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond the Registrant's control).

**Item 9.01 Financial Statements and Exhibits.** 

(d) Exhibits

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| | |
|:---|:---|
| **Exhibit**<br>**Number** | **Description** |
| 99.1 | [<u>Quarterly report to shareholders for the period ended March 31, 2026</u>](uwhr-ex99_1.htm) |
| 104  | Cover page interactive data file (embedded within the Inline XBRL document) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **UWHARRIE CAPITAL CORP** | **UWHARRIE CAPITAL CORP** |
| Date: May 22, 2026 | By: | /s/ Heather H. Almond |
|  |  | **Heather H. Almond** |
|  |  | **Principal Financial Officer** |

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## Exhibit 99.1

**Exhibit 99.1**

![img205731513_0.jpg](img205731513_0.jpg)

May 22, 2026

Dear Shareholder:

We are pleased to report on the progress of your Company for the first quarter of 2026. Performance during the quarter reflects continued stability in the core financial services business, a disciplined approach to growth, and a focus on stewardship that supports long-term value creation for both shareholders and the communities we serve. The broader economic environment entering 2026 remained mixed but generally constructive. Interest rates stabilized during the quarter, and while inflation and geopolitical events continue to influence markets, overall economic activity has remained resilient. Businesses and consumers alike have shown a willingness to invest and plan, even amid ongoing uncertainty.

Your Company remains focused on the principles that have guided Uwharrie since its founding: prudent lending, thoughtful growth, local decision-making, and strong customer relationships. Our balance sheet strategy emphasizes stability and flexibility, allowing us to serve our customers responsibly while remaining well positioned to adapt as economic conditions evolve. This disciplined approach reflects our commitment to stewardship—ensuring that growth strengthens ownership, participation, and long-term community vitality.

During the first quarter, your Company achieved the following milestones:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Total assets reached $1.25B, representing a 4% increase from December 31, 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Deposit growth totaled $51M, or 5%, reflecting continued relationship development across our core markets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Net income for the quarter was $3.2M, compared to $2.6M in Q1 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Pre-Tax, Pre-Provision Income\* for Q1 2026 was $4.0M, compared to $3.6M in Q1 2025, a 13% increase

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Credit quality remained sound, with 0.29% of total loans as past-due 30+ days or non-accrual compared to FFIEC peer\*\* of 1.25%

Looking ahead, we expect economic conditions to remain dynamic, presenting both challenges and opportunities. While the timing and pace of future interest-rate changes remain uncertain, we believe our conservative approach, sound governance, and strong foundation position us well across a range of scenarios. Our focus remains on disciplined performance, long-term stewardship, and serving the communities that entrust us with their capital.

We appreciate the continued trust and confidence of our shareholders. Your support allows us to remain rooted in the communities we serve while pursuing sustainable growth that reflects our shared values.

With gratitude,

UWHARRIE CAPITAL CORP

/s/ Roger L. Dick

President and Chief Executive Officer

*\*Pre-Tax, Pre-Provision Income is a non-GAAP measure. This metric is used by management to measure income from recurring operations.*

*\*\*Federal Financial Institutions Examination Council report of Uniform Bank Performance Report from Call Report data as of March 31, 2026.*

*This Report may contain, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, (i) statements regarding certain of the Company's goals and expectations with respect to earnings, income per share, revenue, expenses and the growth rate in such items, as well as other measures of economic performance, including statements relating to estimates of credit quality trends, and (ii) statements preceded by, followed by or that include the words "may," "could," "should," "would," "believe," "anticipate," "estimate," "expect," "intend," "plan," "projects," "outlook," or similar expressions. These statements are based upon the current belief and expectations of the Company's management and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company's control).*

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| | | | | |
|:---|:---|:---|:---|:---|
| **Uwharrie Capital Corp and Subsidiaries** |  |  |  |  |
| **Consolidated Balance Sheets (Unaudited)** |  |  |  |  |
|  | **March 31,** | **March 31,** | **March 31,** | **March 31,** |
| (Amounts in thousands except share and per share data) | **2026** | **2026** | **2025** | **2025** |
| **Assets** |  |  |  |  |
| Cash and due from banks | **$** | **10543** | $| 10124 |
| Interest-earning deposits with banks |  | **105646** |  | 67076 |
| Securities available for sale |  | **366836** |  | 343866 |
| Securities held to maturity (fair value $19,997 and $24,226, respectively) |  | **21962** |  | 26784 |
| &nbsp;&nbsp;Less: allowance for credit losses on securities held to maturity |  | **(45)** |  | (68) |
| &nbsp;&nbsp;Net securities held to maturity |  | **21917** |  | 26716 |
| Equity securities, at fair value |  | **324** |  | 311 |
| Loans held for sale |  | **11322** |  | 4546 |
| Loans held for investment |  | **685959** |  | 664902 |
| &nbsp;&nbsp;Less: allowance for credit losses on loans |  | **(6399)** |  | (6065) |
| &nbsp;&nbsp;Net loans held for investment |  | **679560** |  | 658837 |
| Premises and equipment, net |  | **15617** |  | 14208 |
| Interest receivable |  | **4578** |  | 4697 |
| Restricted stock |  | **1825** |  | 1748 |
| Bank-owned life insurance |  | **8114** |  | 7972 |
| Deferred income tax |  | **7311** |  | 8282 |
| Loan servicing assets |  | **3593** |  | 3834 |
| Other assets |  | **12028** |  | 11192 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total assets | **$** | **1249214** | $ | 1163409 |
| **Liabilities** |  |  |  |  |
| Deposits: |  |  |  |  |
| &nbsp;&nbsp;Demand, noninterest-bearing | **$** | **299137** | $| 282049 |
| &nbsp;&nbsp;Interest checking and money market accounts |  | **428956** |  | 405730 |
| &nbsp;&nbsp;Savings accounts |  | **114101** |  | 95810 |
| &nbsp;&nbsp;Time deposits, $250,000 and over |  | **133564** |  | 134444 |
| &nbsp;&nbsp;Other time deposits |  | **155645** |  | 141258 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits |  | **1131403** |  | 1059291 |
| Short-term borrowed funds |  | **166** |  | 1467 |
| Long-term debt |  | **29067** |  | 29180 |
| Other liabilities |  | **11918** |  | 11125 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities |  | **1172554** |  | 1101063 |
| **Shareholders' Equity** |  |  |  |  |
| Common stock, $1.25 par value: 20,000,000 shares authorized; |  |  |  |  |
| &nbsp;&nbsp;issued and outstanding or in process of issuance |  |  |  |  |
| &nbsp;&nbsp;7,149,685 and 7,061,777 shares, respectively. |  |  |  |  |
| &nbsp;&nbsp;Book value per share $9.23 in 2026 and $7.11 in 2025 <sup>(1)</sup> |  | **8937** |  | 8827 |
| Additional paid-in capital |  | **13250** |  | 12427 |
| Undivided profits |  | **62072** |  | 52765 |
| Accumulated other comprehensive loss |  | **(18254)** |  | (22328) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Uwharrie Capital Corp shareholders' equity |  | **66005** |  | 51691 |
| Noncontrolling interest |  | **10655** |  | 10655 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total shareholders' equity |  | **76660** |  | 62346 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | **$** | **1249214** | $ | 1163409 |
| <sup>(1)</sup> Net income per share, book value per share and weighted average shares outstanding have been adjusted to reflect the 3.0% stock dividend in 2025. | <sup>(1)</sup> Net income per share, book value per share and weighted average shares outstanding have been adjusted to reflect the 3.0% stock dividend in 2025. | <sup>(1)</sup> Net income per share, book value per share and weighted average shares outstanding have been adjusted to reflect the 3.0% stock dividend in 2025. | <sup>(1)</sup> Net income per share, book value per share and weighted average shares outstanding have been adjusted to reflect the 3.0% stock dividend in 2025. | <sup>(1)</sup> Net income per share, book value per share and weighted average shares outstanding have been adjusted to reflect the 3.0% stock dividend in 2025. |

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| | | |
|:---|:---|:---|
| **Uwharrie Capital Corp and Subsidiaries** |  |  |
| **Consolidated Statements of Income (Unaudited)** |  |  |
|  | **Three Months Ended** | **Three Months Ended** |
|  | **March 31,** | **March 31,** |
| (Amounts in thousands except share and per share data) | **2026** | **2025** |
| **Interest Income** |  |  |
| Interest and fees on loans | $**10614** | $10225 |
| Interest on investment securities | **3241** | 3087 |
| Interest-earning deposits with banks and federal funds sold | **728** | 490 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest income | **14583** | 13802 |
| **Interest Expense** |  |  |
| Interest paid on deposits | **4494** | 4355 |
| Interest paid on borrowed funds | **325** | 343 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | **4819** | 4698 |
| **Net Interest Income** | **9764** | 9104 |
| Provision for (recovery of) credit losses | **(62)** | 281 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income after provision for (recovery of) credit losses | **9826** | 8823 |
| **Noninterest Income** |  |  |
| Service charges on deposit accounts | **289** | 259 |
| Interchange and card transaction fees | **242** | 249 |
| Other service fees and commissions | **1054** | 981 |
| Gain on sale of securities | **186** | - |
| Realized/unrealized gain (loss) on equity securities | **21** | (23) |
| Income from mortgage banking | **1181** | 1051 |
| Other income (loss) | **(14)** | (136) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | **2959** | 2381 |
| **Noninterest Expense** |  |  |
| Salaries and employee benefits | **5882** | 5420 |
| Occupancy expense | **497** | 464 |
| Equipment expense | **199** | 204 |
| Data processing | **225** | 213 |
| Loan costs | **66** | 89 |
| Professional fees and services | **213** | 270 |
| Marketing and donations | **395** | 359 |
| Software amortization and maintenance | **410** | 364 |
| Other operating expenses | **808** | 545 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expense | **8695** | 7928 |
| Income before income taxes | **4090** | 3276 |
| Provision for income taxes | **875** | 723 |
| **Net Income** | $**3215** | $2553 |
| **Consolidated net income** | $**3215** | $2553 |
| &nbsp;&nbsp;**Less: net income attributable to noncontrolling interest** | **(139)** | (139) |
| **Net income attributable to Uwharrie Capital Corp and common shareholders** | $**3076** | $2414 |
| **Net Income Per Common Share** <sup>(1)</sup> |  |  |
| &nbsp;&nbsp;Basic | $**0.43** | $0.33 |
| &nbsp;&nbsp;Assuming dilution | $**0.43** | $0.33 |
| **Weighted Average Common Shares Outstanding** <sup>(1)</sup> |  |  |
| &nbsp;&nbsp;Basic | **7167728** | 7288141 |
| &nbsp;&nbsp;Assuming dilution | **7167728** | 7288141 |

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