TowneBank (TOWN)
| Market Cap | 2.85B +4.1% |
| Revenue (ttm) | 811.78M +16.9% |
| Net Income | 169.53M +4.8% |
| EPS | 2.21 +2.8% |
| Shares Out | 77.88M |
| PE Ratio | 16.56 |
| Forward PE | 10.43 |
| Dividend | $1.08 (2.95%) |
| Ex-Dividend Date | Dec 26, 2025 |
| Volume | 1,022,957 |
| Open | 36.84 |
| Previous Close | 36.99 |
| Day's Range | 36.39 - 37.15 |
| 52-Week Range | 29.43 - 38.01 |
| Beta | 0.76 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Jan 28, 2026 |
About TOWN
TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals in Virginia and North Carolina. 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 work... [Read more]
Financial Performance
In 2025, TowneBank's revenue was $811.78 million, an increase of 16.92% compared to the previous year's $694.30 million. Earnings were $169.53 million, an increase of 4.80%.
Financial StatementsNews
Richard Cullen Joins the TowneBank Corporate Board of Directors
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 Reports Full Year and Fourth Quarter Financial Results for 2025
SUFFOLK, Va., Jan. 28, 2026 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (Nasdaq: TOWN) today reported financial results for the full year and fourth quarter ended December 31, 2025. For t...
TowneBank Announces Completion of Dogwood State Bank Merger
SUFFOLK, Va., Jan. 12, 2026 (GLOBE NEWSWIRE) -- Hampton Roads-based TowneBank (NASDAQ: TOWN) announced today the completion of its merger with Raleigh-based Dogwood State Bank (“Dogwood”). The merger ...
Dogwood State Bank Shareholders Approve Merger into TowneBank
RALEIGH, N.C. , Dec. 10, 2025 /PRNewswire/ -- Shareholders of Dogwood State Bank (OTCQX: DSBX) ("Dogwood" or the "Bank") approved the previously announced merger of Dogwood into TowneBank (NASDAQ: TOW...
TowneBank Announces Quarterly Cash Dividend
SUFFOLK, Va., Nov. 26, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its fourth-quarter shareholder cash dividend of $0.27 ...
TowneBank Announces Completion of Old Point Financial Corporation Merger
SUFFOLK, Va., Sept. 02, 2025 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) announced today the completion of its merger with Old Point Financial Corporation (“Old Point”), the parent company of The Old...
Alt.town $TOWN Token Secures Listing on Binance Alpha
PANAMA CITY, Republic of Panama--(BUSINESS WIRE)-- #Alttown--Alt.town $TOWN token secures listing on Binance Alpha, the exchange's selective wallet-based listing program, making entry to the global ma...
KBRA Comments on TowneBank's Merger Agreement to Acquire Dogwood State Bank
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--On August 19, 2025, Portsmouth, VA-based TowneBank (NASDAQ: TOWN)(KBRA Senior Unsecured Debt rating: A-/Stable Outlook) announced a definitive acquisit...
TowneBank Expands Carolinas Presence Through Agreement to Acquire Dogwood State Bank
SUFFOLK, Va. and RALEIGH, N.C., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) and Raleigh based Dogwood State Bank (OTCQX: DSBX) (“Dogwood”), today announced the signi...
TowneBank: Acquisitions Boost Earnings (Rating Upgrade)
TowneBank's Q2 results were impacted by non-recurring acquisition costs, but core earnings remain strong and underlying profitability is robust. Recent acquisitions, including Village Bank and Old Poi...
TowneBank and Old Point Financial Corporation Announce Expected Closing Date and Election Deadline for Merger
SUFFOLK, Va. and HAMPTON, Va., Aug. 14, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) and Old Point Financial Corporation (NASDAQCM: OPOF) (“Old Point”), the parent company of ...
Caterpillar To Lead Dividend Increases In June As Lowe's Boosted Payout At End Of May
Dividend growth remains robust for select companies, with Casey's, Oil-Dri, and Matson poised for double-digit increases based on strong earnings and expansion. Caterpillar and Kroger are expected to ...
TowneBank and Old Point Financial Corporation Announce Agreement to Merge
SUFFOLK, Va. and HAMPTON, Va.
TowneBank Announces Completion of Village Bank and Trust Financial Corp. Merger
SUFFOLK, Va., April 01, 2025 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) announced today the completion of its merger with Village Bank and Trust Financial Corp. and its subsidiary, Village Bank.
TowneBank and Village Bank and Trust Financial Corp. Receive Regulatory Approvals for Merger
SUFFOLK, Va. and MIDLOTHIAN, Va., March 11, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) and Village Bank and Trust Financial Corp. (NASDAQCM: VBFC) (“Village”) today announce...
Top 2 Financials Stocks That May Fall Off A Cliff This Quarter
As of Nov. 22, 2024, two stocks in the financials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
TowneBank Reports First Quarter 2024 Earnings
SUFFOLK, Va., April 24, 2024 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended March 31, 2024 of $34.69 million, or $0.46 per dilute...
TowneBank Announces Retirement of Two Directors
SUFFOLK, Va., March 27, 2024 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) announced today that two long-serving members of its Board of Directors, Jacqueline B.
Sachin Shetty, Ph.D., Joins TowneBank Corporate Board of Directors
SUFFOLK, Va., March 05, 2024 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) is pleased to announce that TowneBank has appointed Sachin Shetty, Ph.D.
Townebank Announces Quarterly Cash Dividend
SUFFOLK, Va., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its fourth-quarter shareholder cash dividend of $0.25 ...
TowneBank Reports Third Quarter 2023 Earnings
SUFFOLK, Va., Oct. 26, 2023 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended September 30, 2023 of $44.86 million, or $0.60 per dil...
TowneBank Reports Second Quarter 2023 Earnings
SUFFOLK, Va., July 27, 2023 (GLOBE NEWSWIRE) -- TowneBank ("Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended June 30, 2023 of $41.72 million, or $0.56 per diluted share, compared t...
TowneBank: Trading At 12x Earnings And 1.2x Tangible Book Value
TowneBank has completed the acquisition of Farmers Bankshares. The net income in Q1 was still pretty strong thanks to an increased net interest income. The total amount of loan loss provisions spiked,...
KBRA Affirms Ratings for TowneBank
NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA affirms the deposit and senior unsecured debt ratings of A-, the subordinated debt rating of BBB+, and the short-term deposit and debt ratings of K2 for Portsmo...
9 Upcoming Dividend Increases Including A Dividend King
Dividend increases typically indicate strong business performance and a commitment to rewarding shareholders. The article provides a list of companies with at least five years of consistent dividend g...