STOCK TITAN

Northway Financial Inc - NWYF STOCK NEWS

Welcome to our dedicated news page for Northway Financial (Ticker: NWYF), a resource for investors and traders seeking the latest updates and insights on Northway Financial.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Northway Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Northway Financial's position in the market.

Rhea-AI Summary
Northway Financial, Inc. reported net income of $1.5 million for the first quarter of 2024, with earnings per share of $0.55 compared to $1.4 million and $0.50 per share in the same period last year. The company is focusing on cost reduction and introducing new deposit products to address the high-rate environment pressure on net interest margin. Total Assets were $1.2 billion, with decreases in Cash and Due from Banks, Securities Available-for-Sale, and Loans, net. Non-Municipal Liabilities decreased by $54 million compared to the previous year, while Short Term Borrowings and Long-Term Debt decreased by $85 million. Net Interest Income decreased, leading to a lower Year-to-Date Net Interest Margin. Nonperforming loans and total delinquent loans increased slightly. The market price of common stock was $18.25 as of April 25, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Northway Financial, Inc. reported a significant increase in net income for the year ended December 31, 2023, reaching $5.8 million, compared to $2.7 million in the previous year. The company's Board of Directors declared a semi-annual cash dividend of $0.35 per common share. President and CEO William J. Woodward commented on the challenging year due to the Federal Reserve's interest rate hikes, which negatively impacted deposit and loan balances. However, the company aims to enhance profitability and increase shareholder value in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.22%
Tags
dividends earnings
-
Rhea-AI Summary
Northway Financial reports net income of $1.6 million for Q3 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.35%
Tags
dividends earnings
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.48%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends earnings
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.24%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.1%
Tags
dividends earnings
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.82%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends earnings
Northway Financial Inc

OTC:NWYF

NWYF Rankings

NWYF Stock Data

50.22M
2.60M
5.71%
Commercial Banking
Finance and Insurance
Link
US
North Conway

About NWYF

northway bank's local heritage goes back more than a century - back to when two community banks first opened to serve individuals, families and businesses in this part of the granite state. the berlin city bank and pemigewasset national bank joined together in 1997 as partners in northway financial and began operating under the northway bank name in 2005. today, northway is the largest independent commercial bank in the region, a preferred sba lender, and a leading home lender in our markets. we proudly serve individuals, small businesses and commercial customers through multiple banking centers throughout new hampshire. as a bank, we take the time to understand the financial needs of our customers and to reward their relationships with us. as bankers, we take pride in delivering personal service, practical advice and valuable financial solutions. and as a new hampshire business, we take satisfaction from helping our customers, businesses and communities achieve more rewardin