Towne Bank (TOWN) Set to Post Earnings on Wednesday

Key Points

• Towne Bank is expected to report Q3 2026 results before the market opens on October 21. Analysts forecast earnings of $0.823 per share and revenue of $250.66 million.
• In the previous quarter, Towne Bank reported $0.78 per share, narrowly missing estimates of $0.79, while revenue of $245.72 million exceeded expectations.
• The bank pays a quarterly dividend of $0.28, equivalent to a 3.2% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with a $39.50 price target.

Towne Bank (NASDAQ:TOWN - Get Free Report) is expected to be posting its Q3 2026 results before the market opens on Wednesday, October 21st. Analysts expect Towne Bank to announce earnings of $0.8230 per share and revenue of $250.66 million for the quarter. Parties can check the company's upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Wednesday, October 21, 2026 at 1:45 PM ET.

Towne Bank (NASDAQ:TOWN - Get Free Report) last posted its earnings results on Thursday, July 23rd. The bank reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). The company had revenue of $245.72 million during the quarter, compared to analyst estimates of $245.33 million. Towne Bank had a return on equity of 9.60% and a net margin of 25.64%. On average, analysts expect Towne Bank to post $3.13 EPS for the current fiscal year and $3.48 EPS for the next fiscal year.

Towne Bank Stock Down 0.2%

Shares of Towne Bank stock opened at $34.92 on Wednesday. The stock has a market capitalization of $2.76 billion, a P/E ratio of 9.81 and a beta of 0.71. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average price of $36.85 and a two-hundred day moving average price of $35.87. Towne Bank has a 12-month low of $31.91 and a 12-month high of $39.03.

Towne Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, September 25th were given a $0.28 dividend. The ex-dividend date of this dividend was Friday, September 25th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.2%. Towne Bank's dividend payout ratio (DPR) is currently 31.46%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TOWN shares. Zacks Research upgraded shares of Towne Bank from a "strong sell" rating to a "hold" rating in a research note on Monday, June 29th. Weiss Ratings lowered shares of Towne Bank from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Friday, October 2nd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $39.50.

Towne Bank Company Profile

TowneBank is a community-focused financial services company headquartered in Portsmouth, Virginia. Through its banking subsidiary, TowneBank provides deposit accounts, consumer and commercial lending, mortgage services, treasury management, online and mobile banking, and other financial products to individuals, families, businesses, and nonprofit organizations.

The company also operates complementary businesses serving the needs of its banking customers, including wealth management, insurance, and real estate services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.