UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 22, 2015
UWHARRIE CAPITAL CORP
(Exact name of Registrant as specified in charter)
North Carolina | 000-22062 | 56-1814206 | ||
(State or other Jurisdiction of Incorporation | (Commission File No.) | (I.R.S. Employer Identification No) |
132 North First Street | ||
Albemarle, North Carolina | 28001 | |
(Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code 704-983-6181
N/A
(Former Name or former Address, if Changed Since Last Report)
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)) |
Item 2.02 | Results of Operations and Financial Condition |
On July 22, 2015, Uwharrie Capital Corp (the “Registrant”) announced financial results for the three and six months ended June 30, 2015. The Registrant reported consolidated total assets of $515.8 million at June 30, 2015.
Net income for the six month period ended June 30, 2015 was $1.3 million versus $1.1 million for the same period in 2014, a 18.18% improvement. For the six months ended June 30, 2015, net income available to common shareholders was $1 million or $0.14 per share compared to $840 thousand or $0.11 per share for June 30, 2014, a 27.27% improvement. Net income available to common shareholders takes into consideration the payment of dividends on preferred stock issued by the Company.
Net income for the three-month period ended June 30, 2015, was $660 thousand versus $596 thousand for the same period in 2014, a 10.74% improvement. For the three months, ended June 30, 2015, net income available to common shareholders was $513 thousand or $0.07 per share compared to $449 thousand or $0.06 per share for June 30, 2014, a 16.67% improvement.
A copy of the press release (the “Press Release”) announcing the Registrant’s 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 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
Exhibit | Description | |
99.1 | Press Release dated July 22, 2015 regarding the “Registrants” results of operations for the three and six months ended June 30, 2015 |
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 hereunto duly authorized.
UWHARRIE CAPITAL CORP | ||
By: | /s/ R. David Beaver, III | |
R. David Beaver, III | ||
Principal Financial Officer |
Dated: July 22, 2015
EXHIBIT INDEX
Exhibit | Description of Exhibit | |
99.1 | Press release dated July 22, 2015 |