Northway Finl Inc # (NWYF) 22.2500 $NWYF
Northway Financial, Inc. Declares Semi-Annual Cash Dividend of $0.32 per Share
Marketwire Canada - Fri Aug 05, 7:44AM CDT
NORTH CONWAY, NH--(Marketwired - August 05, 2016) - The Board of Directors of Northway Financial, Inc. (the "Company"
(OTCQB: NWYF) has declared a semi-annual cash dividend of $0.32 per share, payable on August 22, 2016, to common stockholders of record on August 15, 2016. The payment of this dividend results in a 29% payout ratio based on net income available to common stockholders. Based on a share price of $22.25 on August 3, 2016, this semi-annual dividend, when annualized, results in a dividend yield of approximately 2.9%. The Company's common stock is available through brokers and is quoted on the OTCQB under the stock symbol "NWYF".
Northway Financial, Inc. Announces Second Quarter Earnings
Marketwired - Fri Jul 29, 9:09AM CDT
NORTH CONWAY, NH--(Marketwired - July 29, 2016) - Northway Financial, Inc. (the "Company" (OTCQB: NWYF), the parent company of Northway Bank, today reported net income for the quarter ended June 30, 2016 of $1.5MM, or $0.56 per basic common share. Year-to-date, the Company reported net income of $3.1MM, or $1.12 per basic common share.
Northway Financial, Inc. Announces First Quarter Earnings
Marketwire Canada - Fri Apr 29, 9:16AM CDT
Northway Financial, Inc. (the "Company" (OTCQB: NWYF), the parent company of Northway Bank, today reported net income for the quarter ended March 31, 2016 of $1.6MM or $0.56 per basic common share.
Northway Financial, Inc. Announces Redemption of SBLF Preferred Stock
Marketwired - Tue Jan 05, 1:54PM CST
The Board of Directors of Northway Financial, Inc. (the "Company" (OTCQB: NWYF), the parent company of Northway Bank, today announced that it has redeemed all of the 23,593 outstanding shares of the Company's Senior Non-cumulative Perpetual Preferred Stock, Series C (the "Preferred Stock" that had been issued to the United States Department of the Treasury (the "Treasury" in September 2011 pursuant to the Treasury's Small Business Lending Fund ("SBLF" program. The aggregate redemption price of the Preferred Stock was approximately $24 million, including dividends accrued but unpaid through, but not including, the redemption date. After the redemption, the Company's capital ratios remain in excess of the capital ratios required to meet the regulatory "well-capitalized" designation. The redemption, approved by all appropriate regulatory authorities, was paid for out of the Company's retained earnings with no additional equity or debt required. This was made possible by five years of record earnings, reflecting Management's successful execution of its growth strategy of the past several years.
Northway Financial, Inc. Announces Third Quarter Financial Results
Marketwired - Fri Oct 30, 9:39AM CDT
Northway Financial, Inc. (the "Company" (OTCQB: NWYF), the parent company of Northway Bank, today reported net income for the nine months ended September 30, 2015 of $4.9MM or $1.72 per basic common share.
Northway Financial, Inc. Announces Second Quarter Financial Results and Declares Semi-Annual Cash Dividend
Marketwired - Fri Jul 31, 8:01AM CDT
Northway Financial, Inc. (the "Company" (OTCQB: NWYF), the parent company of Northway Bank, today reported net income for the six months ended June 30, 2015 of $3.5MM or $1.22 per basic common share, compared to $3.2MM or $1.13 per basic common share for the same period in 2014; an increase of $300 thousand or 8.1%.
Northway Financial, Inc. Announces First Quarter Earnings of $1.9 Million
Marketwired - Fri May 01, 7:55AM CDT
Northway Financial, Inc. (the "Company" (OTCQB: NWYF), the parent company of Northway Bank, today reported net income for the quarter ended March 31, 2015 of $1.9 million, or $0.66 per basic common share, compared to net income of $1.3 million, or $0.45 per basic common share, for the quarter ended March 31, 2014, an increase of 44.8%.
Northway Financial, Inc. Announces Fourth Quarter Earnings
Marketwired - Fri Feb 06, 8:04AM CST
Northway Financial, Inc. (the "Company" (OTCQB: NWYF), the parent company of Northway Bank, today reported net income for the quarter ended December 31, 2014 of $2,783,000, or $0.99 per basic common share, compared to net income of $1,911,000, or $0.67 per basic common share, for the quarter ended December 31, 2013, an increase of $872,000, or 45.6%. For the year ended December 31, 2014, the Company reported net income of $7,853,000, or $2.76 per basic common share, compared to net income of $7,206,000, or $2.57 per basic common share, for the same period in 2013, an increase of $647,000, or 9.0%.
Northway Financial, Inc. Announces Third Quarter Earnings
Marketwired - Fri Oct 31, 8:48AM CDT
Northway Financial, Inc. (the "Company" (OTCQB: NWYF), the parent company of Northway Bank, today reported net income for the quarter ended September 30, 2014 of $1,838,000, or $0.64 per basic common share, compared to net income of $1,600,000, or $0.56 per basic common share, for the quarter ended September 30, 2013, an increase of $238,000. For the nine month period ended September 30, 2014, the Company reported net income of $5,070,000, or $1.77 per basic common share, compared to net income of $5,295,000, or $1.90 per basic common share, for the same period in 2013, a decrease of $225,000, or 4%, driven largely by a slowdown in mortgage refinance activity which impacted the gain on sale of loans originated.
Northway Financial, Inc. Declares Semi-Annual Cash Dividend of $0.32 per Share
Marketwire Canada - Fri Aug 05, 7:44AM CDT
NORTH CONWAY, NH--(Marketwired - August 05, 2016) - The Board of Directors of Northway Financial, Inc. (the "Company"
(OTCQB: NWYF) has declared a semi-annual cash dividend of $0.32 per share, payable on August 22, 2016, to common stockholders of record on August 15, 2016. The payment of this dividend results in a 29% payout ratio based on net income available to common stockholders. Based on a share price of $22.25 on August 3, 2016, this semi-annual dividend, when annualized, results in a dividend yield of approximately 2.9%. The Company's common stock is available through brokers and is quoted on the OTCQB under the stock symbol "NWYF". Northway Financial, Inc. Announces Second Quarter Earnings
Marketwired - Fri Jul 29, 9:09AM CDT
NORTH CONWAY, NH--(Marketwired - July 29, 2016) - Northway Financial, Inc. (the "Company"
(OTCQB: NWYF), the parent company of Northway Bank, today reported net income for the quarter ended June 30, 2016 of $1.5MM, or $0.56 per basic common share. Year-to-date, the Company reported net income of $3.1MM, or $1.12 per basic common share. Northway Financial, Inc. Announces First Quarter Earnings
Marketwire Canada - Fri Apr 29, 9:16AM CDT
Northway Financial, Inc. (the "Company"
(OTCQB: NWYF), the parent company of Northway Bank, today reported net income for the quarter ended March 31, 2016 of $1.6MM or $0.56 per basic common share. Northway Financial, Inc. Announces Redemption of SBLF Preferred Stock
Marketwired - Tue Jan 05, 1:54PM CST
The Board of Directors of Northway Financial, Inc. (the "Company"
(OTCQB: NWYF), the parent company of Northway Bank, today announced that it has redeemed all of the 23,593 outstanding shares of the Company's Senior Non-cumulative Perpetual Preferred Stock, Series C (the "Preferred Stock" that had been issued to the United States Department of the Treasury (the "Treasury" in September 2011 pursuant to the Treasury's Small Business Lending Fund ("SBLF" program. The aggregate redemption price of the Preferred Stock was approximately $24 million, including dividends accrued but unpaid through, but not including, the redemption date. After the redemption, the Company's capital ratios remain in excess of the capital ratios required to meet the regulatory "well-capitalized" designation. The redemption, approved by all appropriate regulatory authorities, was paid for out of the Company's retained earnings with no additional equity or debt required. This was made possible by five years of record earnings, reflecting Management's successful execution of its growth strategy of the past several years. Northway Financial, Inc. Announces Third Quarter Financial Results
Marketwired - Fri Oct 30, 9:39AM CDT
Northway Financial, Inc. (the "Company"
(OTCQB: NWYF), the parent company of Northway Bank, today reported net income for the nine months ended September 30, 2015 of $4.9MM or $1.72 per basic common share. Northway Financial, Inc. Announces Second Quarter Financial Results and Declares Semi-Annual Cash Dividend
Marketwired - Fri Jul 31, 8:01AM CDT
Northway Financial, Inc. (the "Company"
(OTCQB: NWYF), the parent company of Northway Bank, today reported net income for the six months ended June 30, 2015 of $3.5MM or $1.22 per basic common share, compared to $3.2MM or $1.13 per basic common share for the same period in 2014; an increase of $300 thousand or 8.1%. Northway Financial, Inc. Announces First Quarter Earnings of $1.9 Million
Marketwired - Fri May 01, 7:55AM CDT
Northway Financial, Inc. (the "Company"
(OTCQB: NWYF), the parent company of Northway Bank, today reported net income for the quarter ended March 31, 2015 of $1.9 million, or $0.66 per basic common share, compared to net income of $1.3 million, or $0.45 per basic common share, for the quarter ended March 31, 2014, an increase of 44.8%. Northway Financial, Inc. Announces Fourth Quarter Earnings
Marketwired - Fri Feb 06, 8:04AM CST
Northway Financial, Inc. (the "Company"
(OTCQB: NWYF), the parent company of Northway Bank, today reported net income for the quarter ended December 31, 2014 of $2,783,000, or $0.99 per basic common share, compared to net income of $1,911,000, or $0.67 per basic common share, for the quarter ended December 31, 2013, an increase of $872,000, or 45.6%. For the year ended December 31, 2014, the Company reported net income of $7,853,000, or $2.76 per basic common share, compared to net income of $7,206,000, or $2.57 per basic common share, for the same period in 2013, an increase of $647,000, or 9.0%. Northway Financial, Inc. Announces Third Quarter Earnings
Marketwired - Fri Oct 31, 8:48AM CDT
Northway Financial, Inc. (the "Company"
(OTCQB: NWYF), the parent company of Northway Bank, today reported net income for the quarter ended September 30, 2014 of $1,838,000, or $0.64 per basic common share, compared to net income of $1,600,000, or $0.56 per basic common share, for the quarter ended September 30, 2013, an increase of $238,000. For the nine month period ended September 30, 2014, the Company reported net income of $5,070,000, or $1.77 per basic common share, compared to net income of $5,295,000, or $1.90 per basic common share, for the same period in 2013, a decrease of $225,000, or 4%, driven largely by a slowdown in mortgage refinance activity which impacted the gain on sale of loans originated. 
