TOWN Stock - TowneBank
Unlock GoAI Insights for TOWN
Get institutional-grade AI analysis, real-time signals, and deep market intelligence powered by advanced machine learning.
Free 14-day trial • No credit card required
Premium members get real-time SMS alerts
Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $1.02B | $942.55M | $742.95M | $720.08M | $742.25M |
| Gross Profit | $692.51M | $676.41M | $677.77M | $695.77M | $595.06M |
| Gross Margin | 67.6% | 71.8% | 91.2% | 96.6% | 80.2% |
| Operating Income | $190.48M | $186.22M | $237.05M | $279.83M | $201.33M |
| Net Income | $161.76M | $153.72M | $188.99M | $215.38M | $145.53M |
| Net Margin | 15.8% | 16.3% | 25.4% | 29.9% | 19.6% |
| EPS | $2.16 | $2.06 | $2.60 | $2.97 | $2.01 |
TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals. The company operates through three segments: Banking, Realty, and Insurance. It accepts various deposits, including demand deposits, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts. The company also offers secured and unsecured personal loans for financing automobiles, home improvements, education, and personal investments; commercial loans for working capital, business expansion, and equipment and machinery purchases; and mortgage loans, as well as real estate acquisition, development, and construction loans. In addition, it provides other services, such as safe deposit boxes, treasury management services, direct deposit of payroll and social security checks, and automatic drafts for various accounts, as well as online, mobile, and on-call banking services. Further, the company offers documentation services to accomplish tax deferral to investors; investment and asset management services; commercial mortgage brokerage services; and other financial services, such as financial, retirement, and estate planning services, as well as assistance on various investment options comprising alternative investments, annuities, margin accounts, convertible bonds, and pension and profit-sharing plans. Additionally, it provides residential real estate, relocation, property management, vacations rental, and title and settlement services; and originates residential mortgage loans. The company also offers life, property, casualty, and vehicle insurance services; and employee benefit programs, such as health, dental, vision, and disability insurance. It operates in Richmond, Virginia, the Greater Hampton Roads region in southeastern Virginia, northeastern North Carolina, Raleigh, Charlotte, Greensboro, and Greenville, North Carolina. TowneBank was incorporated in 1998 and is headquartered in Portsmouth, Virginia.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| July 24th 2025 | Hovde Group | Reiterated | Outperform | $41← $39 |
| April 28th 2025 | Hovde Group | Reiterated | Outperform | $39← $38 |
| April 4th 2025 | Hovde Group | Upgrade | Outperform | $38← $39 |
| October 2nd 2024 | Keefe Bruyette | Upgrade | Outperform | $40← $35 |
| September 13th 2023 | Stephens | Initiation | Equal Weight | $23 |
| August 11th 2023 | Hovde Group | Initiation | Market Perform | $27 |
| March 3rd 2023 | Raymond James | Resumed | Outperform | $34 |
| February 17th 2023 | Piper Sandler | Resumed | Overweight | $34 |
Earnings History & Surprises
TOWNEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 21, 2026 | — | — | — | — |
Q1 2026 | Jan 28, 2026 | $0.72 | — | — | — |
Q4 2025 | Oct 22, 2025 | $0.75 | $0.83 | +10.7% | ✓ BEAT |
Q3 2025 | Jul 23, 2025 | $0.69 | $0.81 | +17.4% | ✓ BEAT |
Q2 2025 | Apr 23, 2025 | $0.61 | $0.68 | +11.5% | ✓ BEAT |
Q1 2025 | Jan 22, 2025 | $0.48 | $0.55 | +14.6% | ✓ BEAT |
Q4 2024 | Oct 23, 2024 | $0.56 | $0.58 | +3.6% | ✓ BEAT |
Q3 2024 | Jul 24, 2024 | $0.48 | $0.57 | +18.7% | ✓ BEAT |
Q2 2024 | Apr 24, 2024 | $0.48 | $0.48 | 0.0% | = MET |
Q1 2024 | Jan 24, 2024 | $0.46 | $0.44 | -4.3% | ✗ MISS |
Q4 2023 | Oct 26, 2023 | $0.52 | $0.60 | +15.4% | ✓ BEAT |
Q3 2023 | Jul 27, 2023 | $0.57 | $0.56 | -1.8% | ✗ MISS |
Q2 2023 | Apr 27, 2023 | $0.64 | $0.52 | -18.8% | ✗ MISS |
Q1 2023 | Jan 26, 2023 | $0.71 | $0.64 | -9.9% | ✗ MISS |
Q4 2022 | Oct 27, 2022 | $0.67 | $0.69 | +3.0% | ✓ BEAT |
Q3 2022 | Jul 28, 2022 | $0.61 | $0.64 | +4.9% | ✓ BEAT |
Q2 2022 | Apr 28, 2022 | $0.58 | $0.63 | +8.6% | ✓ BEAT |
Q1 2022 | Jan 27, 2022 | $0.61 | $0.55 | -9.8% | ✗ MISS |
Q4 2021 | Oct 28, 2021 | $0.67 | $0.69 | +3.0% | ✓ BEAT |
Q3 2021 | Jul 29, 2021 | $0.69 | $0.77 | +11.6% | ✓ BEAT |
Latest News
Dogwood State Bank Shareholders Approve Merger with TowneBank, Targeting Early 2026 Close
📈 PositiveTowne Bank Q3 Adj. EPS $0.83 Beats $0.78 Estimate, Sales $215.665M Miss $219.172M Estimate
➖ NeutralTowneBank To Acquire Dogwood State Bank In $476M All-Stock Deal At 2.1x TBV; Merger Expected To Close In 1Q26
📈 PositiveFrequently Asked Questions about TOWN
What is TOWN's current stock price?
What is the analyst price target for TOWN?
What sector is TowneBank in?
What is TOWN's market cap?
Does TOWN pay dividends?
Similar Stocks
Financial Services SectorExplore stocks similar to TOWN for comparison