We are live on ! Find out more

Towne Bank

TOWN

Market cap $3.42B

37.00 USD

-0.09

0.24%

At close Updated Sep 11, 4:00 PM EDT

1 day

-0.24%

5 days

-0.94%

1 month

-1.18%

3 months

5.26%

6 months

11.71%

Year to date

11.38%

1 year

2.21%

5 years

25.81%

10 years

57.05%

About: Towne Bank is a financial services company serving individuals, commercial enterprises and professionals, offering retail and commercial banking services in Virginia and North Carolina. The company has four reportable segments: Banking, which provides loan and deposit services, commercial mortgage brokerage, and investment and asset management services; Mortgage, which originates mortgage loans principally sold in the secondary market through purchase commitments from investors; Resort Vacation Management, which provides residential resort property management services; and Insurance, which provides property, casualty, life and health insurance solutions for businesses, individuals and community organizations through a variety of carriers.

Employees: 1,939

Financials Banks - Regional

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 20%

Neutral 60%

Negative 20%

TowneBank Announces Quarterly Cash Dividend

SUFFOLK, Va., Aug. 26, 2026 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its third-quarter shareholder cash dividend of $0.28 per common share payable on October 9, 2026, to shareholders of record on September 25, 2026.

TowneBank Announces Quarterly Cash Dividend

Greater Clarity For The Future Makes TowneBank More Interesting (Rating Upgrade)

TowneBank is upgraded to Buy, reflecting improved clarity post-acquisitions and a strong presence in attractive Southeastern markets. TOWN's Q2 2026 results show operational improvements: declining deposit costs, higher net interest margin (3.68%), and rising capital ratios. Valuation aligns with sector averages, but TOWN's above-average service area and diversified subsidiaries justify a premium; forward yield stands at 2.99%.

Greater Clarity For The Future Makes TowneBank More Interesting (Rating Upgrade)

TowneBank Reports Second Quarter 2026 Earnings

SUFFOLK, Va., July 22, 2026 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended June 30, 2026 of $193.19 million, or $2.09 per diluted share, compared to $40.89 million, or $0.54 per diluted share, for the quarter ended June 30, 2025. Excluding certain items affecting comparability, core earnings (non-GAAP) were $72.01 million, or $0.78 per diluted share, in the current quarter compared to $63.39 million, or $0.84 per diluted share, for the quarter ended June 30, 2025.

TowneBank Reports Second Quarter 2026 Earnings

Zacks Investment Research

Analysts Estimate TowneBank (TOWN) to Report a Decline in Earnings: What to Look Out for

TowneBank (TOWN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate TowneBank (TOWN) to Report a Decline in Earnings: What to Look Out for

William A. Gwaltney, Jr. and John O. Wynne, Jr. Join the TowneBank Corporate Board of Directors

SUFFOLK, Va., June 30, 2026 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) is pleased to announce the appointment of William A.

William A. Gwaltney, Jr. and John O. Wynne, Jr. Join the TowneBank Corporate Board of Directors

TowneBank Announces Quarterly Cash Dividend

SUFFOLK, Va., May 20, 2026 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its second-quarter shareholder cash dividend of $0.28 per common share payable on July 10, 2026, to shareholders of record on June 26, 2026.

TowneBank Announces Quarterly Cash Dividend

Q1 Justifies Wait-And-See Approach For TowneBank

TowneBank reported Q1 2026 results below expectations, with adjusted EPS of $0.74 and revenue of $246.5M, missing consensus estimates. I maintain a Hold rating on TOWN, as its attractive geographic footprint and growth via acquisitions are largely reflected in its current valuation. Recent M&A, including Dogwood State Bank, drove asset and deposit growth but increased integration risks and pressured tangible book value and asset quality metrics.

Q1 Justifies Wait-And-See Approach For TowneBank

Zacks Investment Research

TowneBank (TOWN) Meets Q1 Earnings Estimates

TowneBank (TOWN) came out with quarterly earnings of $0.74 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.68 per share a year ago.

TowneBank (TOWN) Meets Q1 Earnings Estimates

TowneBank Reports First Quarter 2026 Earnings

SUFFOLK, Va., April 22, 2026 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended March 31, 2026 of $40.99 million, or $0.45 per diluted share, compared to $43.71 million, or $0.58 per diluted share, for the quarter ended March 31, 2025. Excluding certain items affecting comparability, core earnings (non-GAAP) were $66.73 million, or $0.74 per diluted share, in the current quarter compared to $44.10 million, or $0.58 per diluted share, for the quarter ended March 31, 2025.

TowneBank Reports First Quarter 2026 Earnings

TowneBank Announces Sale of Resort Property Management Segment

SUFFOLK, Va., April 06, 2026 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) today announced it has completed a transaction to sell its Resort Property Management segment, Towne Vacations, to Belcrest Vacations Acquisitions, LLC for a transaction value of $250 million.

TowneBank Announces Sale of Resort Property Management Segment

See News Rankings

Price charts implemented using Lightweight Charts™