Northway Financial Inc
Northway Financial, Inc. operates as the bank holding company for Northway Bank, provides various financial products and services in New Hampshire. 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; automobile, ATV, boat, and recreational… Read more
Northway Financial Inc (NWYF) - Net Assets
Latest net assets as of March 2022: $85.53 Million USD
Based on the latest financial reports, Northway Financial Inc (NWYF) has net assets worth $85.53 Million USD as of March 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.23 Billion) and total liabilities ($1.14 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $85.53 Million |
| % of Total Assets | 6.97% |
| Annual Growth Rate | 2.49% |
| 5-Year Change | -19.85% |
| 10-Year Change | -19.45% |
| Growth Volatility | 13.59 |
Northway Financial Inc - Net Assets Trend (2000–2023)
This chart illustrates how Northway Financial Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Northway Financial Inc (2000–2023)
The table below shows the annual net assets of Northway Financial Inc from 2000 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $73.24 Million | +13.66% |
| 2022-12-31 | $64.44 Million | -35.98% |
| 2021-12-31 | $100.65 Million | +4.71% |
| 2020-12-31 | $96.11 Million | +5.18% |
| 2019-12-31 | $91.38 Million | +15.06% |
| 2018-12-31 | $79.42 Million | -2.18% |
| 2017-12-31 | $81.19 Million | +9.12% |
| 2016-12-31 | $74.40 Million | +5.83% |
| 2015-12-31 | $70.31 Million | -22.67% |
| 2014-12-31 | $90.92 Million | +10.62% |
| 2013-12-31 | $82.19 Million | +1.62% |
| 2012-12-31 | $80.88 Million | +7.99% |
| 2011-12-31 | $74.89 Million | +33.74% |
| 2010-12-31 | $56.00 Million | +8.60% |
| 2009-12-31 | $51.56 Million | +15.50% |
| 2007-12-31 | $44.65 Million | -14.39% |
| 2006-12-31 | $52.15 Million | +3.78% |
| 2005-12-31 | $50.25 Million | +1.49% |
| 2004-12-31 | $49.51 Million | +3.42% |
| 2003-12-31 | $47.87 Million | +8.15% |
| 2002-12-31 | $44.27 Million | +2.14% |
| 2001-12-31 | $43.34 Million | +4.28% |
| 2000-12-31 | $41.56 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Northway Financial Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 166.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $113.10 Million | 154.43% |
| Total Equity | $73.24 Million | 100.00% |
Northway Financial Inc Competitors by Market Cap
The table below lists competitors of Northway Financial Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Synalloy Corporation
NASDAQ:ACNT
|
$96.97 Million |
|
Freightcar America Inc
NASDAQ:RAIL
|
$96.99 Million |
|
Zhejiang Prulde Electric Appliance Co. Ltd. A
SHE:301353
|
$97.00 Million |
|
Sivers IMA Holding AB
ST:SIVE
|
$97.06 Million |
|
Edimax Technology Co Ltd
TW:3047
|
$96.92 Million |
|
Ausnutria Dairy Corporation Ltd
PINK:AUDYF
|
$96.92 Million |
|
Spirox Corp
TW:3055
|
$96.91 Million |
|
Naturelgaz Sanayi ve Ticaret AS
IS:NTGAZ
|
$96.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Northway Financial Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 64,436,000 to 73,237,000, a change of 8,801,000 (13.7%).
- Net income of 5,771,000 contributed positively to equity growth.
- Dividend payments of 1,926,000 reduced retained earnings.
- Other factors increased equity by 4,956,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.77 Million | +7.88% |
| Dividends Paid | $1.93 Million | -2.63% |
| Other Changes | $4.96 Million | +6.77% |
| Total Change | $- | 13.66% |
Book Value vs Market Value Analysis
This analysis compares Northway Financial Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.40x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $0.00 | $37.25 | x |
| 2016-12-31 | $0.00 | $37.25 | x |
| 2017-12-31 | $29.50 | $37.25 | x |
| 2018-12-31 | $28.86 | $37.25 | x |
| 2019-12-31 | $33.20 | $37.25 | x |
| 2020-12-31 | $34.93 | $37.25 | x |
| 2021-12-31 | $36.57 | $37.25 | x |
| 2022-12-31 | $23.41 | $37.25 | x |
| 2023-12-31 | $26.62 | $37.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Northway Financial Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.88%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.38%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 17.62x
- Recent ROE (7.88%) is above the historical average (7.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 10.01% | 10.40% | 0.08x | 11.67x | $2.80K |
| 2001 | 8.94% | 10.21% | 0.07x | 11.86x | $-460.90K |
| 2002 | 5.87% | 7.45% | 0.06x | 13.52x | $-1.83 Million |
| 2003 | 7.56% | 9.81% | 0.06x | 12.73x | $-1.17 Million |
| 2004 | 6.84% | 9.58% | 0.06x | 12.89x | $-1.56 Million |
| 2005 | 5.32% | 7.40% | 0.06x | 12.59x | $-2.35 Million |
| 2006 | 6.17% | 7.68% | 0.06x | 12.48x | $-2.00 Million |
| 2007 | 7.34% | 7.19% | 0.07x | 15.43x | $-1.19 Million |
| 2009 | 3.94% | 4.85% | 0.05x | 15.66x | $-3.12 Million |
| 2010 | 8.42% | 11.06% | 0.05x | 14.86x | $-886.70K |
| 2011 | 6.82% | 12.15% | 0.05x | 10.96x | $-2.38 Million |
| 2012 | 8.03% | 14.78% | 0.05x | 10.80x | $-1.59 Million |
| 2013 | 8.77% | 16.05% | 0.05x | 10.93x | $-1.01 Million |
| 2014 | 8.64% | 17.39% | 0.05x | 10.18x | $-1.24 Million |
| 2015 | 9.22% | 18.54% | 0.04x | 13.28x | $-545.70K |
| 2016 | 5.40% | 11.99% | 0.04x | 11.96x | $-3.43 Million |
| 2017 | 8.96% | 20.62% | 0.04x | 10.89x | $-840.90K |
| 2018 | 3.70% | 9.39% | 0.03x | 11.67x | $-5.00 Million |
| 2019 | 10.16% | 23.45% | 0.04x | 10.04x | $146.10K |
| 2020 | 5.46% | 13.73% | 0.03x | 11.66x | $-4.37 Million |
| 2021 | 9.24% | 22.45% | 0.03x | 12.40x | $-761.60K |
| 2022 | 4.15% | 7.32% | 0.03x | 20.22x | $-3.77 Million |
| 2023 | 7.88% | 15.38% | 0.03x | 17.62x | $-1.55 Million |
Industry Comparison
This section compares Northway Financial Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Northway Financial Inc (NWYF) | $85.53 Million | 10.01% | 13.34x | $96.92 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |