TowneBank Reports Third Quarter 2024 Earnings
Towne Bank (TOWN)
Last towne bank earnings: 4/27 08:30 am
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US:NASDAQ Investor Relations:
investor.townebank.com
Company Research
Source: GlobeNewswire
SUFFOLK, Va., Oct. 23, 2024 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended September 30, 2024 of $42.95 million, or $0.57 per diluted share, compared to $44.86 million, or $0.60 per diluted share, for the quarter ended September 30, 2023. Excluding certain items affecting comparability, core earnings (non-GAAP) were $43.39 million, or $0.58 per diluted share, in the current quarter compared to $44.88 million, or $0.60 per diluted share, for the quarter ended September 30, 2023. "Our third quarter results continued to deliver increased net interest income and noninterest income contributions from our diverse business model which were in line with expectations. We remain committed to prudent balance sheet management strategies. We were also excited to announce our partnership with Village Bank which will meaningfully enhance our Richmond presence, which is core to our franchise future growth. Lastly,
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News
- TowneBank (NASDAQ:TOWN) Just Released Its Third-Quarter Earnings: Here's What Analysts Think [Yahoo! Finance]Yahoo! Finance
- TowneBank Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- TowneBank Non-GAAP EPS of $0.58 beats by $0.02, revenue of $174.52M misses by $5.84M [Seeking Alpha]Seeking Alpha
- John Baiocco of TowneBank & Bryan Peckinpaugh of Baker Hill to Present at American Banker's Small Biz Banking Conference [Yahoo! Finance]Yahoo! Finance
- TowneBank (NASDAQ: TOWN) was upgraded by analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating. They now have a $40.00 price target on the stock, up previously from $35.00.MarketBeat
TOWN
Earnings
- 10/23/24 - In-Line
TOWN
Analyst Actions
- 10/2/24 - Keefe, Bruyette & Woods