Last $19.44 USD
Change Today +0.06 / 0.31%
Volume 290.0
As of 8:10 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

northway financial inc (NWYF) Snapshot

Open
$19.39
Previous Close
$19.38
Day High
$19.44
Day Low
$19.39
52 Week High
07/23/14 - $19.44
52 Week Low
10/21/13 - $16.00
Market Cap
53.5M
Average Volume 10 Days
230.5
EPS TTM
$2.28
Shares Outstanding
2.8M
EX-Date
02/20/14
P/E TM
8.5x
Dividend
$0.64
Dividend Yield
3.29%
Current Stock Chart for NORTHWAY FINANCIAL INC (NWYF)

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northway financial inc (NWYF) Details

Northway Financial Inc. operates as the holding company for Northway Bank that provides financial products and services to individuals, businesses, and public sector. The company offers checking and savings accounts, and certificates of deposit; loans, mortgages, and credit solutions; cash management and investment services; and online and mobile banking services. It also provides specialized services, such as ownership transition, SBA financing, municipal financing, hospitality lending, and employee and business owner services. The company operates through 18 full-service banking centers located in New Hampshire. Northway Financial Inc. was founded in 1881 and is headquartered in Berlin, New Hampshire.

northway financial inc (NWYF) Top Compensated Officers

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northway financial inc (NWYF) Key Developments

Northway Financial Inc. Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2014

Northway Financial Inc. reported unaudited consolidated financial results for the first quarter ended March 31, 2014. The company recorded net income of $1,307,000 for the quarter ended March 31, 2014 compared to $2,028,000 for the same period in 2013. For the quarter ended March 31, 2014, $1,240,000, or $0.45 per common share, was available to common stockholders compared to $1,948,000, or $0.74 per common share, for the same period last year. Net income before taxes was $1,641,000 for the quarter ended March 31, 2014 compared to $2,772,000 for the same period in 2013. Net interest and dividend income for the quarter ended March 31, 2014 increased $611,000 to $7,148,000 compared to $6,537,000 for the same period last year. Stockholders' equity available to common stockholders totaled $60,903,000, resulting in a book value per common share of $22.13 per share at March 31, 2014, based on 2,751,650 shares of common stock outstanding, an increase of $0.05 per share, from March 31, 2013. Tangible book value per common share increased $0.25, or 1.4%, to $17.89 at March 31, 2014, compared to $17.64 at March 31, 2013. The result of the first quarter of 2013 included securities gains of $1,616,000, compared to $428,000 for the first quarter of 2014. The company's returns on average assets and average equity for the quarter ended March 31, 2014 were 0.58% and 6.31%, respectively, compared to 0.96% and 10.06% for the same period last year. Core earnings comprise 71.8% of net income for the quarter ended March 31, 2014, compared to 43.4% for the same period last year. Core earnings exclude non-recurring items such as gains on sales of investment securities and represent earnings generated from principal banking activities. Interest income has increased $678,000 over last year due primarily to the increase in the loan portfolio. Further, the provision for loan losses has decreased $515,000 as many of problem credits have been resolved. Overall, net income has decreased due primarily to a decrease in gains on sales of investments and loans of $1,188,000 and $477,000, respectively.

Northway Financial Inc. Declares Semi-Annual Cash Dividend, Payable on March 3, 2014

The board of directors of Northway Financial Inc. has declared a semi-annual common stock cash dividend of $0.32 per share, payable on March 3, 2014, to stockholders of record on February 24, 2014.

Northway Financial Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Northway Financial Inc. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net income of $1,911,000 compared to net income of $1,859,000 for the same period a year earlier. Interest and dividend income was $8,641,000 compared with $8,135,000 a year ago. Net interest and dividend income was $7,346,000 compared with $6,688,000 a year ago. Net income available to common stockholders was $1,843,000 or $0.67 per basic share compared with $1,718,000 or $0.65 per basic share a year ago. Tangible book value per common share decreased $0.47, or 2.7%, to $17.05 at December 31, 2013 compared to $17.52 at December 31, 2012. The decrease in book value per common share and tangible book value per common share was partially attributable to the payment of a 5% stock dividend resulting in a decrease in book value per share of $1.00 and tangible book value of $0.79 per share. For the full year, the company reported net income of $7,206,000 compared to $6,494,000 for the same period in 2011. Interest and dividend income was $33,029,000 compared with $32,487,000 a year ago. Net interest and dividend income was $28,049,000 compared with $25,779,000 a year ago. Net income available to common stockholders was $6,925,000 or $2.57 per basic share compared with $5,854,000 or $2.23 per basic share a year ago. Return on average assets was 0.82% compared with 0.77% a year ago. Return on average equity was 8.89% compared with 8.25% a year ago.

 

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Industry Average

Valuation NWYF Industry Range
Price/Earnings 8.4x
Price/Sales 1.5x
Price/Book 0.6x
Price/Cash Flow 8.2x
TEV/Sales NM Not Meaningful
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