Financial Performance - Uwharrie Capital Corp reported consolidated total assets of $1.17 billion as of June 30, 2025, an increase from $1.13 billion at December 31, 2024 [1] - Net income for the six-month period ended June 30, 2025, was $5.4 million, up from $4.6 million for the same period in 2024 [2] - For the six months ended June 30, 2025, net income available to common shareholders was $5.1 million, or $0.72 per share, compared to $4.3 million, or $0.60 per share, for the same period in 2024 [2] - Net income for the three-month period ended June 30, 2025, was $2.8 million, an increase from $2.2 million for the same period in 2024 [3] - For the three months ended June 30, 2025, net income available to common shareholders was $2.7 million, or $0.38 per share, compared to $2.1 million, or $0.29 per share, for the same period in 2024 [3] Company Overview - Uwharrie Capital Corp provides a full range of financial solutions through its subsidiaries, Uwharrie Bank and Uwharrie Investment Advisors [4]

Core Insights - Provident Bank has opened its fourth branch in Newark, New Jersey, reinforcing its commitment to local businesses and consumers [5][6] - The new branch is strategically located at the Ironside Newark Building, enhancing accessibility for the community [5] - Provident Bank has partnered with three local non-profits, donating $2,500 to each during the branch's ribbon-cutting ceremony [6][9] Company Overview - Provident Bank, founded in 1839, is New Jersey's oldest community-focused financial institution and a subsidiary of Provident Financial Services, Inc. [9] - As of March 31, 2025, Provident Bank has assets totaling $24.22 billion and operates over 140 branches across New Jersey and parts of New York and Pennsylvania [9] - The bank offers a variety of financial solutions, including fiduciary and wealth management services through its subsidiary, Beacon Trust Company [9]

Core Insights - DLL and Iveco Group are forming a Joint Venture (JV) to enhance access to low- to zero-emission commercial vehicles in Europe [1][2] - DLL will acquire a 51% stake in GATE, a subsidiary of Iveco Group, while Iveco Group retains 49% [2] - The JV aims to provide financial backing and asset financing expertise to accelerate GATE's growth and development [2][3] Company Overview - DLL is a global asset finance company with a managed portfolio exceeding EUR 47 billion, operating in over 25 countries [5] - DLL focuses on various industries including Agriculture, Construction, Energy Transition, and Transportation, providing financial solutions throughout the asset life cycle [5] - Iveco Group is a leader in the automotive sector, encompassing brands that specialize in commercial vehicles, powertrain technologies, and mass transit solutions [6][7] Strategic Goals - The JV will facilitate sustainable mobility through rental solutions tailored to customer needs, expanding GATE's operations beyond Italy to France and Germany, with plans for further expansion [3] - DLL's CEO emphasized the commitment to energy transition and decarbonization through partnerships and innovative financing solutions [4] - Iveco Group's President highlighted the collaboration as a significant step towards supporting customers in their energy transition efforts [4]