Towne Bank

TOWN

Market cap $3.34B

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.

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

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 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.

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.

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.

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.

SUFFOLK, Va., Feb. 25, 2026 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its first-quarter shareholder cash dividend of $0.27 per common share payable on April 10, 2026, to shareholders of record on March 31, 2026.

SUFFOLK, Va., Feb. 02, 2026 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) is pleased to announce the appointment of Richard Cullen to its Board of Directors.

TowneBank (TOWN) came out with quarterly earnings of $0.7 per share, missing the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.55 per share a year ago.