TowneBank

TOWN

US89214P1093

Banks

Market Closed - Nasdaq Other stock markets 04:00:00 2024-07-17 pm EDT			5-day change	1st Jan Change
31.59 ^USD	+1.02%		+13.76%	+6.15%

May. 29	Towne Bank Keeps Q2 Cash Dividend at $0.25 a Share, Payable July 12 to Holders of Record June 28	MT
May. 29	TowneBank Announces Second-Quarter Cash Dividend, Payable on July 12, 2024	CI

Townebank Reports Earnings Results for the Fourth Quarter Ended December 31, 2019

January 23, 2020 at 08:30 am EST

TowneBank announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 89.959 million compared to USD 89.208 million a year ago. Net income was USD 35.075 million compared to USD 35.990 million a year ago. Basic earnings per share was USD 0.49 compared to USD 0.5 a year ago. For the full year, net interest income was USD 358.355 million compared to USD 341.073 million a year ago. Net income was USD 138.783 million compared to USD 133.793 million a year ago. Basic earnings per share was USD 1.93 compared to USD 1.88 a year ago. Diluted earnings per share was USD 1.92 compared to USD 1.88 a year ago.

Latest news about TowneBank

Towne Bank Keeps Q2 Cash Dividend at $0.25 a Share, Payable July 12 to Holders of Record June 28	May. 29	MT
TowneBank Announces Second-Quarter Cash Dividend, Payable on July 12, 2024	May. 29	CI
Earnings Flash (TOWN) TOWNEBANK Posts Q1 EPS $0.48	Apr. 24	MT
TowneBank Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 24	CI
Townebank Announces Retirement of Jacqueline B. Amato and Bradford L. Cherry as Members of Board of Directors	Mar. 27	CI
TowneBank Appoints Sachin Shetty to the Board of Directors	Mar. 05	CI
TowneBank Keeps Quarterly Dividend at $0.25 Per Share; Payable April 12 to Shareholders of Record on March 29	Feb. 28	MT
TowneBank Declares First-Quarter Cash Dividend, Payable on April 12, 2024	Feb. 28	CI
TowneBank's Q4 Earnings, Revenue Fall	Jan. 25	MT
Earnings Flash (TOWN) TOWNEBANK Posts Q4 EPS $0.42	Jan. 24	MT
TowneBank Reports Earnings Results for the Full Year Ended December 31, 2023	Jan. 24	CI
TowneBank Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Jan. 24	CI
TowneBank Keeps Quarterly Dividend at $0.25 a Share, Payable Jan. 12 to Shareholders of Record on Dec. 29	Nov. 29	MT
TowneBank Announces Quarterly Cash Dividend, Payable on January 12, 2024	Nov. 29	CI
Earnings Flash (TOWN) TOWNEBANK Posts Q3 EPS $0.60	23-10-26	MT
TowneBank Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-26	CI
Stephens Initiates Towne Bank With Equalweight Rating, Price Target is $23	23-09-13	MT
Towne Bank to Pay Unchanged Q3 Dividend of $0.25 a Share on Oct. 13 to Shareholders of Record Sept. 29	23-08-23	MT
TowneBank Declares Cash Dividend for the Third-Quarter, Payable on October 13, 2023	23-08-23	CI
Hovde Initiates Towne Bank at Market Perform Rating With $27 Price Target	23-08-11	MT
Earnings Flash (TOWN) TOWNEBANK Posts Q2 EPS $0.52	23-07-27	MT
TowneBank Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-07-27	CI
TowneBank Appoints Ernest Piccioli as Chief Risk Officer	23-06-12	CI
Towne Bank Raises Quarterly Dividend to $0.25 per Share From $0.23, Payable July 14 to Shareholders as of June 30	23-05-24	MT
TowneBank Declares Second-Quarter Shareholder Cash Dividend, Payable on July 14, 2023	23-05-24	CI

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Company Profile

TowneBank is engaged in offering retail and commercial banking services to various markets in Virginia and North Carolina. The Company operates through three segments: Banking, Realty and Insurance. The Banking segment provides loan and deposit services to retail and commercial customers. It also provides commercial mortgage brokerage services and a variety of investment and asset management services. The Realty segment offers residential real estate services, mortgage loans, resort property management, and residential and commercial title insurance. The Insurance segment provides a full line of commercial and consumer insurance products and financial services, as well as employee benefit services. It operates over 45 banking offices (eight of which operate as Farmers Bank, a division of TowneBank) throughout Hampton Roads and Central Virginia, as well as Northeastern and Central North Carolina. Its subsidiaries include Towne Investments, LLC, TowneBank Heritage Forest, LLC and others.

Sector

Banks

Calendar

2024-07-24 - Q2 2024 Earnings Release (Projected)

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Russell 2000

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Ratings for TowneBank

Trading Rating

Investor Rating

ESG Refinitiv

D+

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

31.59 USD

Average target price

30.75 USD

Spread / Average Target

-2.66%

Consensus

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Quarterly earnings - Rate of surprise

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TowneBank

Equities

TOWN

US89214P1093

Banks

Townebank Reports Earnings Results for the Fourth Quarter Ended December 31, 2019

EPS Revisions