UWHARRIE CAPITAL CORP (OTCMKTS:UWHR) Files An 8-K Results of Operations and Financial Condition

UWHARRIE CAPITAL CORP (OTCMKTS:UWHR) Files An 8-K Results of Operations and Financial Condition

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Item 2.02 Results of Operations and Financial Condition

On February 3, 2017, Uwharrie Capital Corp (the Registrant)
announced financial results for the year ended December 31, 2016.
The Registrant reported consolidated total assets of $548.2
million at December 31, 2016.

Net income for the twelve-month period ended December 31, 2016,
was $2.21 million versus $2.01 million for the same period in
2015, a 10% improvement. For the twelve months, ended December
31, 2016, net income available to common shareholders was $1.62
million or $0.23 per share compared to $1.42 million or $0.20 per
share for December 31, 2015, a 14% improvement. Net income
available to common shareholders takes into consideration the
payment of dividends on preferred stock issued by the Company.

A copy of the press release (the Press Release) announcing the
Registrants results is attached 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
Registrants 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 Registrants management and are subject to
significant risks and uncertainties that are subject to change
based on various factors (many of which are beyond the
Registrants control).

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit

Number

Description

99.1

Press Release dated February 3, 2017 regarding the
Registrants results of operations for the year ended
December 31, 2016


About UWHARRIE CAPITAL CORP (OTCMKTS:UWHR)

Uwharrie Capital Corp is a bank holding company for Uwharrie Bank (the Bank), a North Carolina commercial bank. The Bank engages in retail and commercial banking, with over six banking offices in Stanly County, North Carolina. It provides a range of banking services, including deposit accounts, commercial, consumer, home equity and residential mortgage loans, safe deposit boxes and electronic banking services. It 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. Its 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, e-banking, mobile banking and telephone banking, and issues Visa Check Cards.

UWHARRIE CAPITAL CORP (OTCMKTS:UWHR) Recent Trading Information

UWHARRIE CAPITAL CORP (OTCMKTS:UWHR) closed its last trading session 00.00 at 5.31 with 1,100 shares trading hands.

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