Northway Financial, Inc. (NWYF)
Northway Financial, Inc. operates in the Banks - Regional industry of the Financial Services sector, headquartered in North Conway, NH, US. The stock last traded at $35.50, down 0.39% on the session, giving a market capitalisation of $97.7M. On trailing twelve-month figures it carries a trailing P/E of 16.90, a net margin of 15.4%. Its beta of 0.52 implies it has historically moved less than the broad market.
Northway Financial, Inc. acts as the parent company for Northway Bank, a commercial financial institution that delivers a broad spectrum of services and products across the United States. Customers can access various deposit accounts, including checking, savings, money market, individual retirement (IRA), and municipal options, in addition to certificates of deposit (CDs). The bank also issues both debit and credit cards. Its extensive lending portfolio caters to both individual and business needs. For personal clients, offerings include mortgages, home equity loans and lines of credit, various vehicle loans (for automobiles, ATVs, boats, and recreational vehicles), personal loans and lines of credit, and loans secured by savings or CDs. Businesses can utilize municipal loan products, acquisition financing, working capital lines of credit, equipment financing and term loans, residential and commercial real estate financing, construction loans, and Small Business Administration (SBA) loans, alongside letters of credit. Beyond core banking, Northway Bank offers robust digital services, encompassing online and mobile banking platforms. It also provides sophisticated cash management solutions such as account analysis and reconciliation, automated sweep services, lockbox processing, wire transfers, CD imaging, automated clearing house (ACH) facilities, and remote deposit express. Further offerings include overdraft prevention and protection services, as well as investment and insurance products. The bank maintains a physical presence through 17 branches, a dedicated loan production office, and 17 ATMs. Established in 1997, the company is headquartered in North Conway, New Hampshire.
Northway Financial, Inc. is most often compared with the following Financial Services names: