Northway Financial, Inc. Announces Third Quarter Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 01 2024
0mins
Should l Buy ?
Source: Newsfilter
Financial Performance: Northway Financial, Inc. reported a net income of $1.2 million for Q3 2024, down from $1.6 million in Q3 2023, with total assets decreasing by 10% year-over-year to $1.2 billion.
Merger Announcement: The company is set to merge with Camden National Corporation, with the merger expected to close in Q1 2025, pending shareholder approval.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
