TowneBank

TOWN

US89214P1093

Banks

Market Closed - Nasdaq Other stock markets 01:30:00 18/07/2024 am IST			5-day change	1st Jan Change
31.59 ^USD	+1.02%		+13.76%	+6.15%

29/05	Towne Bank Keeps Q2 Cash Dividend at $0.25 a Share, Payable July 12 to Holders of Record June 28	MT
29/05	TowneBank Announces Second-Quarter Cash Dividend, Payable on July 12, 2024	CI

TowneBank Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021

January 27, 2022 at 07:00 pm IST

TowneBank reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported net interest income was USD 100.79 million compared to USD 100.61 million a year ago. Net income was USD 40.18 million compared to USD 50.08 million a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to USD 0.69 a year ago. Diluted earnings per share from continuing operations was USD 0.55 compared to USD 0.69 a year ago.
For the full year, net interest income was USD 402.37 million compared to USD 380.14 million a year ago. Net income was USD 215.38 million compared to USD 145.54 million a year ago. Basic earnings per share from continuing operations was USD 2.97 compared to USD 2.01 a year ago. Diluted earnings per share from continuing operations was USD 2.97 compared to USD 2.01 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	30/05	MT
TowneBank Announces Second-Quarter Cash Dividend, Payable on July 12, 2024	30/05	CI
Earnings Flash (TOWN) TOWNEBANK Posts Q1 EPS $0.48	25/04	MT
TowneBank Reports Earnings Results for the First Quarter Ended March 31, 2024	25/04	CI
Townebank Announces Retirement of Jacqueline B. Amato and Bradford L. Cherry as Members of Board of Directors	28/03	CI
TowneBank Appoints Sachin Shetty to the Board of Directors	06/03	CI
TowneBank Keeps Quarterly Dividend at $0.25 Per Share; Payable April 12 to Shareholders of Record on March 29	29/02	MT
TowneBank Declares First-Quarter Cash Dividend, Payable on April 12, 2024	29/02	CI
TowneBank's Q4 Earnings, Revenue Fall	25/01	MT
Earnings Flash (TOWN) TOWNEBANK Posts Q4 EPS $0.42	25/01	MT
TowneBank Reports Earnings Results for the Full Year Ended December 31, 2023	25/01	CI
TowneBank Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	25/01	CI
TowneBank Keeps Quarterly Dividend at $0.25 a Share, Payable Jan. 12 to Shareholders of Record on Dec. 29	29/11	MT
TowneBank Announces Quarterly Cash Dividend, Payable on January 12, 2024	29/11	CI
Earnings Flash (TOWN) TOWNEBANK Posts Q3 EPS $0.60	26/23/26	MT
TowneBank Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	26/23/26	CI
Stephens Initiates Towne Bank With Equalweight Rating, Price Target is $23	13/23/13	MT
Towne Bank to Pay Unchanged Q3 Dividend of $0.25 a Share on Oct. 13 to Shareholders of Record Sept. 29	24/23/24	MT
TowneBank Declares Cash Dividend for the Third-Quarter, Payable on October 13, 2023	24/23/24	CI
Hovde Initiates Towne Bank at Market Perform Rating With $27 Price Target	11/23/11	MT
Earnings Flash (TOWN) TOWNEBANK Posts Q2 EPS $0.52	27/23/27	MT
TowneBank Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	27/23/27	CI
TowneBank Appoints Ernest Piccioli as Chief Risk Officer	13/23/13	CI
Towne Bank Raises Quarterly Dividend to $0.25 per Share From $0.23, Payable July 14 to Shareholders as of June 30	24/23/24	MT
TowneBank Declares Second-Quarter Shareholder Cash Dividend, Payable on July 14, 2023	24/23/24	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

25/07/2024 - 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

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Other Banks

TowneBank

Equities

TOWN

US89214P1093

Banks

TowneBank Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021

EPS Revisions