TowneBank Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]
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: Yahoo! Finance
Profit margin: 25% (down from 26% in 3Q 2023). The decrease in margin was driven by higher expenses. EPS: US$0.57 (down from US$0.60 in 3Q 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 1.8%. Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Performance of the American Banks industry. The company's shares are down 7.2% from a week ago. It is worth noting though that we have found 1 warning sign for TowneBank that you need to take into consideration. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using
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TOWN
News
- TowneBank (NASDAQ:TOWN) Just Released Its Third-Quarter Earnings: Here's What Analysts Think [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
- TowneBank Reports Third Quarter 2024 EarningsGlobeNewswire
- 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