See more : KeyCorp (KEY-PK) Income Statement Analysis – Financial Results
Complete financial analysis of Northway Financial, Inc. (NWYF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Northway Financial, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Northway Financial, Inc. (NWYF)
About Northway Financial, Inc.
Northway Financial, Inc. operates as the bank holding company for Northway Bank, a commercial bank that provides a range of financial products and services in the United States. The company offers checking, savings, money market, individual retirement, and municipal deposit accounts; certificates of deposit (CD); and debit and credit cards. It also provides mortgages; home equity loans and lines of credit; automobile, ATV, boat, and recreational vehicle loans; personal loans and lines of credit; savings or CD secured loans; municipal loan products; business acquisition financing; and working capital lines of credit, equipment financing and term loans, residential and commercial real estate loans, construction loans, consumer loans, and small business administration loans, as well as letters of credit. In addition, the company offers online and mobile banking services; cash management services comprising account analysis and reconciliation, automated sweep, lockbox, wire transfer, CD imaging, automated clearing house, and deposit express; overdraft prevention and protection services; and investment and insurance products. It operates through 17 branches, 1 loan production office, and 17 ATMs. The company was founded in 1997 and is headquartered in North Conway, New Hampshire.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2009 | 2008 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 37.52M | 36.56M | 41.45M | 38.19M | 39.60M | 31.28M | 35.29M | 33.49M | 34.31M | 38.55M | 39.34M | 27.95M | 19.46M | 28.07M | 27.17M | 27.94M | 28.43M | 25.04M | 23.63M | 23.94M | 22.00M | 19.50M | 18.70M | 2.11M |
| Cost of Revenue | -17.04M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 54.56M | 36.56M | 41.45M | 38.19M | 39.60M | 31.28M | 35.29M | 33.49M | 34.31M | 38.55M | 39.34M | 27.95M | 19.46M | 28.07M | 27.17M | 27.94M | 28.43M | 25.04M | 23.63M | 23.94M | 22.00M | 19.50M | 18.70M | 2.11M |
| Gross Profit Ratio | 145.41% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 18.87M | 19.79M | 18.53M | 19.09M | 20.23M | 19.89M | 17.43M | 19.49M | 17.05M | 17.58M | 18.00M | 12.24M | 11.23M | 12.25M | 11.59M | 11.98M | 11.43M | 9.76M | 9.01M | 8.87M | 8.50M | 6.80M | 5.90M | 5.42M |
| Selling & Marketing | 3.89M | 0.00 | 0.00 | 0.00 | 0.00 | 338.00K | 156.00K | 180.00K | 361.00K | 834.00K | 1.19M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 22.76M | 19.79M | 18.53M | 19.09M | 20.23M | 20.23M | 17.59M | 19.49M | 17.41M | 18.41M | 19.19M | 12.24M | 11.23M | 12.25M | 11.59M | 11.98M | 11.43M | 9.76M | 9.01M | 8.87M | 8.50M | 6.80M | 5.90M | 5.42M |
| Other Expenses | 0.00 | -49.30M | -48.63M | -51.24M | -48.65M | -43.80M | -40.12M | -43.42M | -36.96M | -40.85M | -43.84M | -25.26M | -18.13M | -22.69M | -26.32M | -27.44M | -25.91M | -20.88M | -12.77M | -10.49M | -13.10M | -8.60M | -6.30M | 10.55M |
| Operating Expenses | 22.76M | -29.51M | -30.10M | -32.15M | -28.42M | -23.57M | -22.53M | -23.93M | -19.55M | -22.43M | -24.65M | -13.03M | -6.90M | -10.44M | -14.73M | -15.46M | -14.48M | -11.12M | -3.76M | -1.62M | -4.60M | -1.80M | -400.00K | 15.98M |
| Cost & Expenses | 22.76M | -29.51M | -30.10M | -32.15M | -28.42M | -23.57M | -22.53M | -23.93M | -19.55M | -22.43M | -24.65M | -13.03M | -6.90M | -10.44M | -14.73M | -15.46M | -14.48M | -11.12M | -3.76M | -1.62M | -4.60M | -1.80M | -400.00K | 15.98M |
| Interest Income | 51.06M | 39.28M | 33.24M | 31.50M | 34.03M | 33.65M | 30.33M | 29.95M | 32.38M | 33.79M | 32.74M | 35.54M | 38.04M | 35.97M | 32.10M | 30.28M | 31.51M | 31.48M | 35.01M | 37.31M | 30.90M | 29.10M | 29.00M | 27.98M |
| Interest Expense | 17.04M | 4.31M | 2.19M | 3.73M | 5.27M | 4.99M | 3.03M | 4.60M | 5.79M | 5.84M | 4.98M | 13.96M | 16.17M | 13.77M | 8.93M | 7.43M | 8.46M | 9.82M | 14.29M | 16.06M | 11.60M | 11.60M | 12.00M | 12.26M |
| Depreciation & Amortization | 936.00K | 974.00K | 993.00K | 1.15M | 1.22M | 1.22M | 1.28M | 1.30M | 1.33M | 1.33M | 1.31M | 1.63M | 1.74M | 2.45M | 2.42M | 2.46M | 2.90M | 2.06M | 1.78M | 1.51M | 1.40M | 900.00K | 1.20M | 1.17M |
| EBITDA | 7.30M | 3.72M | 12.34M | 7.20M | 12.40M | 0.00 | 11.00M | 6.27M | 11.91M | 11.61M | 11.02M | 0.00 | 0.00 | 0.00 | 0.00 | 7.51M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 19.46% | 21.95% | 29.77% | 18.84% | 31.31% | 28.55% | 39.77% | 32.44% | 46.89% | 45.26% | 40.66% | 59.23% | 73.49% | 71.52% | 54.70% | 53.48% | 59.23% | 63.81% | 91.63% | 99.56% | 85.45% | 95.38% | 104.28% | 911.16% |
| Operating Income | 15.17M | 7.05M | 11.35M | 6.05M | 11.18M | 7.71M | 12.76M | 9.56M | 14.76M | 16.11M | 14.69M | 14.92M | 12.55M | 17.63M | 12.44M | 12.49M | 13.94M | 13.92M | 19.87M | 22.32M | 17.40M | 17.70M | 18.30M | 18.09M |
| Operating Income Ratio | 40.43% | 19.28% | 27.37% | 15.83% | 28.23% | 24.64% | 36.15% | 28.54% | 43.01% | 41.80% | 37.35% | 53.39% | 64.52% | 62.81% | 45.79% | 44.68% | 49.04% | 55.60% | 84.10% | 93.24% | 79.09% | 90.77% | 97.86% | 855.68% |
| Total Other Income/Expenses | -8.80M | -8.48M | -7.53M | -6.96M | -7.03M | -6.76M | -6.43M | -10.98M | -7.56M | -8.08M | -7.09M | -13.96M | -16.17M | 0.00 | -8.93M | 0.00 | -8.46M | -9.82M | 0.00 | -16.06M | -11.60M | -11.60M | -12.00M | 15.21M |
| Income Before Tax | 6.37M | 2.74M | 11.35M | 6.05M | 11.18M | 2.72M | 9.73M | 4.96M | 8.97M | 10.28M | 9.71M | 961.00K | -3.62M | 3.87M | 3.52M | 5.05M | 5.48M | 4.11M | 5.58M | 6.27M | 5.80M | 6.10M | 6.30M | 5.83M |
| Income Before Tax Ratio | 16.96% | 7.50% | 27.37% | 15.83% | 28.23% | 8.70% | 27.56% | 14.82% | 26.13% | 26.66% | 24.69% | 3.44% | -18.61% | 13.77% | 12.94% | 18.09% | 19.29% | 16.39% | 23.62% | 26.17% | 26.36% | 31.28% | 33.69% | 275.83% |
| Income Tax Expense | 594.00K | 69.00K | 2.04M | 803.00K | 1.90M | -218.00K | 2.45M | 946.00K | 2.48M | 2.42M | 2.51M | -1.07M | -2.53M | 652.00K | 842.00K | 1.67M | 1.87M | 1.51M | 1.71M | 2.11M | 2.00M | 2.00M | 2.30M | 1.97M |
| Net Income | 5.77M | 2.68M | 9.30M | 5.24M | 9.28M | 2.94M | 7.28M | 4.02M | 6.21M | 7.59M | 6.93M | 2.03M | -1.09M | 3.22M | 2.67M | 3.39M | 3.62M | 2.60M | 3.87M | 4.16M | 3.80M | 4.10M | 4.00M | 3.86M |
| Net Income Ratio | 15.38% | 7.32% | 22.45% | 13.73% | 23.45% | 9.39% | 20.62% | 11.99% | 18.11% | 19.68% | 17.60% | 7.27% | -5.61% | 11.45% | 9.84% | 12.12% | 12.72% | 10.38% | 16.39% | 17.37% | 17.27% | 21.03% | 21.39% | 182.45% |
| EPS | 2.10 | 0.97 | 3.38 | 1.91 | 3.37 | 1.07 | 2.64 | 1.46 | 2.26 | 2.76 | 2.57 | 0.75 | -0.40 | 0.98 | 0.81 | 1.03 | 1.09 | 0.78 | 1.16 | 1.19 | 1.02 | 1.07 | 1.06 | 1.02 |
| EPS Diluted | 2.10 | 0.97 | 3.38 | 1.91 | 3.37 | 1.07 | 2.64 | 1.46 | 2.26 | 2.76 | 2.57 | 0.75 | -0.40 | 0.97 | 0.81 | 1.02 | 1.09 | 0.78 | 1.16 | 1.19 | 1.02 | 1.07 | 1.06 | 1.02 |
| Weighted Avg Shares Out | 2.75M | 2.75M | 2.75M | 2.75M | 2.75M | 2.75M | 2.75M | 2.75M | 2.75M | 2.75M | 2.70M | 2.70M | 2.75M | 3.28M | 3.30M | 3.29M | 3.31M | 3.34M | 3.34M | 3.50M | 3.71M | 3.83M | 3.77M | 3.80M |
| Weighted Avg Shares Out (Dil) | 2.75M | 2.75M | 2.75M | 2.75M | 2.75M | 2.75M | 2.75M | 2.75M | 2.75M | 2.75M | 2.70M | 2.70M | 2.75M | 3.30M | 3.32M | 3.32M | 3.32M | 3.34M | 3.35M | 3.50M | 3.71M | 3.83M | 3.84M | 3.80M |
Northway Financial, Inc. Announces Third Quarter Earnings
NORTH CONWAY, N.H., Nov. 01, 2024 (GLOBE NEWSWIRE) -- Northway Financial, Inc. (the “Company”) (OTCQB: NWYF), the parent company of Northway Bank (the “Bank”), today reported net income for the quarter ended September 30, 2024 of $1.2 million, or $0.45...
Camden National Corporation and Northway Financial, Inc. to Merge
Positions Camden National as a Premier Northern New England Bank CAMDEN, Maine and NORTH CONWAY, N.H. , Sept. 10, 2024 /PRNewswire/ -- Camden National Corporation ("Camden National") (NASDAQ: CAC), the bank holding company for Camden National Bank, and Northway Financial,...
Northway Financial, Inc. Announces Second Quarter Earnings and Declares Semi-Annual Dividend
NORTH CONWAY, N.H., July 26, 2024 (GLOBE NEWSWIRE) -- Northway Financial, Inc. (the “Company”) (OTCQB: NWYF), the parent company of Northway Bank (the “Bank”), today reported net income for the quarter ended June 30, 2024 of $859 thousand, or $0.31...
Northway Financial, Inc. Announces First Quarter Earnings
NORTH CONWAY, N.H., April 26, 2024 (GLOBE NEWSWIRE) -- Northway Financial, Inc. (the “Company”) (OTCQB: NWYF), the parent company of Northway Bank (the “Bank”), today reported net income for the quarter ended March 31, 2024 of $1.5 million, or $0.55...
Northway Financial, Inc. Announces 2023 Earnings and Declares Semi-Annual Dividend
NORTH CONWAY, N.H., Jan. 26, 2024 (GLOBE NEWSWIRE) -- Northway Financial, Inc. (the “Company”) (OTCQB: NWYF), the parent company of Northway Bank (the “Bank”), today reported net income for the year ended December 31, 2023 of $5.8 million, or $2.10...
Northway Financial, Inc. Announces Third Quarter Earnings
NORTH CONWAY, N.H., Oct. 27, 2023 (GLOBE NEWSWIRE) -- Northway Financial, Inc. (the “Company”) (OTCQB: NWYF), the parent company of Northway Bank (the “Bank”), today reported net income for the quarter ended September 30, 2023, of $1.6 million, or $0.58...
Northway Financial, Inc. Announces Second Quarter Earnings and Declares Semi-Annual Dividend
NORTH CONWAY, N.H., July 28, 2023 (GLOBE NEWSWIRE) -- Northway Financial, Inc. (the “Company”) (OTCQB: NWYF), the parent company of Northway Bank (the “Bank”), today reported net income for the quarter ended June 30, 2023, of $1.7 million, or $0.63...
Northway Financial, Inc. Announces Second Quarter Earnings and Declares Semi-Annual Dividend
NORTH CONWAY, N.H., July 30, 2021 (GLOBE NEWSWIRE) -- Northway Financial, Inc. (the “Company”) (OTCQB: NWYF), the parent company of Northway Bank (the “Bank”), today reported net income for the quarter ended June 30, 2021 of $2.2MM, or $0.81 per...
Northway Financial, Inc. Announces First Quarter Earnings
NORTH CONWAY, N.H., April 30, 2021 (GLOBE NEWSWIRE) -- Northway Financial, Inc. (the “Company”) (OTCQB: NWYF), the parent company of Northway Bank (the “Bank”), today reported net income for the quarter ended March 31, 2021 of $1.9MM, or $0.69 per...
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