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NASDAQ:TOWN

Towne Bank Q3 2024 Earnings Report

Towne Bank logo
$35.50 +0.73 (+2.10%)
Closing price 04:00 PM Eastern
Extended Trading
$35.51 +0.01 (+0.03%)
As of 04:21 PM Eastern
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Towne Bank EPS Results

Actual EPS
$0.58
Consensus EPS
$0.56
Beat/Miss
Beat by +$0.02
One Year Ago EPS
$0.60

Towne Bank Revenue Results

Actual Revenue
$258.86 million
Expected Revenue
$179.80 million
Beat/Miss
Beat by +$79.06 million
YoY Revenue Growth
N/A

Towne Bank Announcement Details

Quarter
Q3 2024
Time
After Market Closes
Conference Call Date
Tuesday, October 22, 2024
Conference Call Time
6:00PM ET

Upcoming Earnings

Towne Bank's Q2 2025 earnings is scheduled for Wednesday, July 23, 2025, with a conference call scheduled on Thursday, July 24, 2025 at 12:30 PM ET. Check back for transcripts, audio, and key financial metrics as they become available.

Earnings Documents

Towne Bank Earnings Headlines

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About Towne Bank

Towne Bank (NASDAQ:TOWN) is a full-service community bank headquartered in Portsmouth, Virginia. The company provides a comprehensive range of banking and financial services through its network of community offices across Hampton Roads, Southside Virginia and northeastern North Carolina. Its core offerings include personal and commercial deposit accounts, consumer and commercial lending, mortgage financing, treasury management and online banking solutions designed to meet the needs of individuals, small businesses and commercial clients.

In addition to traditional banking services, Towne Bank has built out complementary lines of business under its financial services umbrella. Towne Insurance Group offers property and casualty, life and health insurance products to individuals and businesses, while Towne Investment Group delivers wealth management, financial planning and trust services. The company also operates Towne Mortgage Company, which focuses on residential mortgage origination and servicing, and Towne Title, which provides title insurance and settlement services in its primary markets.

Since opening its doors in the late 1990s, Towne Bank has grown through a combination of organic expansion and strategic acquisitions, yet it maintains a community-oriented approach to banking. The company emphasizes local decision-making, personalized customer service and involvement in civic initiatives throughout its service areas. Under the leadership of John W. Forsee, President and Chief Executive Officer, Towne Bank continues to pursue opportunities to enhance its product suite and expand its footprint while retaining a focus on strong risk management and community engagement.

View Towne Bank Profile

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