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NASDAQ:TOWN

Towne Bank Q1 2025 Earnings Report

Towne Bank logo
$32.82 +0.04 (+0.12%)
Closing price 06/20/2025 04:00 PM Eastern
Extended Trading
$32.82 -0.01 (-0.02%)
As of 06/20/2025 05:45 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Towne Bank EPS Results

Actual EPS
$0.68
Consensus EPS
$0.61
Beat/Miss
Beat by +$0.07
One Year Ago EPS
$0.48

Towne Bank Revenue Results

Actual Revenue
$190.04 million
Expected Revenue
$191.29 million
Beat/Miss
Missed by -$1.25 million
YoY Revenue Growth
+14.90%

Towne Bank Announcement Details

Quarter
Q1 2025
Time
Before Market Opens
Conference Call Date
Wednesday, April 23, 2025
Conference Call Time
4:00PM 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

TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals. The company operates through three segments: Banking, Realty, and Insurance. It accepts various deposits, including demand deposits, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts. The company also offers secured and unsecured personal loans for financing automobiles, home improvements, education, and personal investments; commercial loans for working capital, business expansion, and equipment and machinery purchases; and mortgage loans, as well as real estate acquisition, development, and construction loans. In addition, it provides other services, such as safe deposit boxes, treasury management services, direct deposit of payroll and social security checks, and automatic drafts for various accounts, as well as online, mobile, and on-call banking services. Further, the company offers documentation services to accomplish tax deferral to investors; investment and asset management services; commercial mortgage brokerage services; and other financial services, such as financial, retirement, and estate planning services, as well as assistance on various investment options comprising alternative investments, annuities, margin accounts, convertible bonds, and pension and profit-sharing plans. Additionally, it provides residential real estate, relocation, property management, vacation rentals, and title and settlement services; and originates residential mortgage loans. The company also offers life, property, casualty, and vehicle insurance services; and employee benefit programs, such as health, dental, vision, and disability insurance. It operates in Richmond, Virginia, the Greater Hampton Roads region in southeastern Virginia, northeastern North Carolina, Raleigh, Charlotte, Greensboro, and Greenville, North Carolina. TowneBank was incorporated in 1998 and is based in Portsmouth, Virginia.

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