Northway Financial reports Q3 EPS 45c vs. 58c last year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 01 2024
0mins
Should l Buy ?
Financial Overview: As of September 30, 2024, the bank reported total assets of $1.2 billion, net loans of $900 million, and total deposits of $1 billion, with regulatory capital ratios exceeding well-capitalized standards.
Merger Announcement: The bank announced a pending merger with Camden National Corporation, expected to close in the first quarter of 2025, and will hold a special shareholder meeting for approval soon.
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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.
