Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - UWHARRIE CAPITAL CORP | d875489d8k.htm |
Exhibit 99.1
FOR IMMEDIATE RELEASE
| From: | Christy Stoner | |
| Uwharrie Capital Corp | ||
| 704-991-1138 | ||
| Date: | February 17, 2015 | |
Albemarle – Uwharrie Capital Corp announced financial results for the year ended December 31, 2014. The Company reported consolidated total assets of $518.5 million at December 31, 2014.
Net income for the twelve-month period ended December 31, 2014, was $1.68 million versus $954 thousand for the same period in 2013, a 76% improvement. For the twelve months, ended December 31, 2014, net income available to common shareholders was $1.09 million or $0.15 per share compared to $151 thousand or $0.02 per share for December 31, 2013, a 621% improvement. Net income available to common shareholders takes into consideration the payment of dividends on preferred stock issued by the Company.
Contact David Beaver, Chief Financial Officer at 704-991-1266 for further information.
About Uwharrie Capital Corp
Uwharrie Capital Corp offers a full range of financial solutions through its subsidiaries: Uwharrie Bank, Strategic Investment Group and Strategic Investment Advisors. Additional information on Uwharrie Capital Corp may be found at www.UwharrieCapitalCorp.com or by calling 704-982-4415.
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