TowneBank

TowneBank engages in the provision of retail and commercial banking services to individuals and small and medium size businesses. It operates through the following segments: Banking, Realty, and Insurance. The Banking segment offers loan and deposit services to retail and commercial customers. The Realty segment focuses on the provision of residential real estate services and originations of a variety of mortgage loans. The Insurance segment includes the provision of full-service commercial and retail insurance, employee benefit services, and travel insurance. The company was founded by R. Scott Morgan on September 3, 1998 and is headquartered in Portsmouth, VA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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TowneBank (TOWN) came out with quarterly earnings of $0.58 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.60 per share a year ago.

TowneBank (TOWN) Matches Q3 Earnings Estimates

TOWN is set to acquire VBFC for $120 million in an all-cash deal to expand its presence in Richmond MSA. It is set to be roughly 6% accretive to 2025 earnings.

TowneBank to Acquire Village Bank, Boost Richmond MSA Presence

SUFFOLK, Va., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its third-quarter shareholder cash dividend of $0.25 per common share payable on October 11, 2024, to shareholders of record on September 30, 2024.

TowneBank Announces Quarterly Cash Dividend

TowneBank (TOWN) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.52 per share a year ago.

TowneBank (TOWN) Q2 Earnings and Revenues Top Estimates

The headline numbers for TowneBank (TOWN) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, TowneBank (TOWN) Q1 Earnings: A Look at Key Metrics

TowneBank (TOWN) came out with quarterly earnings of $0.48 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.62 per share a year ago.

TowneBank (TOWN) Meets Q1 Earnings Estimates

SUFFOLK, Va., April 24, 2024 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended March 31, 2024 of $34.69 million, or $0.46 per diluted share, compared to $38.33 million, or $0.52 per diluted share, for the quarter ended March 31, 2023.

TowneBank Reports First Quarter 2024 Earnings

TowneBank (TOWN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

TowneBank (TOWN) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

SUFFOLK, Va., March 27, 2024 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) announced today that two long-serving members of its Board of Directors, Jacqueline B.

TowneBank Announces Retirement of Two Directors

TowneBank (TOWN) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

TowneBank (TOWN) Upgraded to Strong Buy: What Does It Mean for the Stock?

SUFFOLK, Va., March 05, 2024 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) is pleased to announce that TowneBank has appointed Sachin Shetty, Ph.D.

Sachin Shetty, Ph.D., Joins TowneBank Corporate Board of Directors

After losing some value lately, a hammer chart pattern has been formed for TowneBank (TOWN), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

TowneBank (TOWN) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

Ingredion

SJW Group

TOWN, INGR and SJW made it to the Zacks Rank #1 (Strong Buy) income stocks list on February 5, 2023.

Best Income Stocks to Buy for February 5th

While the top- and bottom-line numbers for TowneBank (TOWN) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About TowneBank (TOWN) Q4 Earnings

TowneBank (TOWN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

TowneBank (TOWN) Surges 6.3%: Is This an Indication of Further Gains?

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Bank stocks are on a roll in November on investor optimism about no further rate hikes, with United Bankshares (UBSI), Wintrust Financial (WTFC), First BanCorp. (FBP), TowneBank (TOWN) and WSFS Financial (WSFS) outperforming the S&P 500 index.

5 Top-Ranked Banks That Outperformed S&P 500 in November

SUFFOLK, Va., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its fourth-quarter shareholder cash dividend of $0.25 per common share payable on January 12, 2024, to shareholders of record on December 29, 2023.

Townebank Announces Quarterly Cash Dividend

TowneBank (TOWN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Surging Earnings Estimates Signal Upside for TowneBank (TOWN) Stock

TowneBank (TOWN) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.70 per share a year ago.

TowneBank (TOWN) Q3 Earnings and Revenues Beat Estimates

SUFFOLK, Va., Oct. 26, 2023 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended September 30, 2023 of $44.86 million, or $0.60 per diluted share, compared to $50.17 million, or $0.69 per diluted share, for the quarter ended September 30, 2022.

TowneBank Reports Third Quarter 2023 Earnings

TowneBank (TOWN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: TowneBank (TOWN) Q3 Earnings Expected to Decline

The headline numbers for TowneBank (TOWN) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

TowneBank (TOWN) Reports Q2 Earnings: What Key Metrics Have to Say

TowneBank (TOWN) came out with quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.64 per share a year ago.

TowneBank (TOWN) Q2 Earnings Miss Estimates

SUFFOLK, Va., July 27, 2023 (GLOBE NEWSWIRE) -- TowneBank ("Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended June 30, 2023 of $41.72 million, or $0.56 per diluted share, compared to $46.55 million, or $0.64 per diluted share, for the quarter ended June 30, 2022. Excluding acquisition-related items and the gain on sale of Berkshire Hathaway HomeServices ("BHHS") Towne Realty, core earnings (non-GAAP) for the quarter ended June 30, 2023 were $38.66 million, or $0.52 per diluted share, compared to $46.60 million, or $0.64 per diluted share, for the quarter ended June 30, 2022.

News for TowneBank Stock (TOWN)