TowneBank (TOWN)
| Market Cap | 3.27B +23.8% |
| Revenue (ttm) | 811.78M +17.0% |
| Net Income | 169.53M +5.1% |
| EPS | 2.21 +2.8% |
| Shares Out | 91.10M |
| PE Ratio | 16.22 |
| Forward PE | 10.27 |
| Dividend | $1.08 (3.01%) |
| Ex-Dividend Date | Mar 31, 2026 |
| Volume | 372,899 |
| Open | 36.01 |
| Previous Close | 36.13 |
| Day's Range | 35.74 - 36.25 |
| 52-Week Range | 29.89 - 37.86 |
| Beta | 0.74 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Apr 27, 2026 |
About TOWN
TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals in the United States. It operates through four segments: Banking, Mortgage, Resort Vacation Management, and Insurance. The company provides treasury solutions and deposit products, including checking accounts, savings accounts, and various types of time deposit services, such as daily money market accounts and long-term certificates of deposit; transaction accounts and certificates of deposit; and retirement account services comp... [Read more]
Financial Performance
In 2025, TowneBank's revenue was $811.78 million, an increase of 17.00% compared to the previous year's $693.83 million. Earnings were $169.53 million, an increase of 5.06%.
Financial StatementsNews
TowneBank Announces Sale of Resort Property Management Segment
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 Va...
TowneBank Announces Quarterly Cash Dividend
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 p...
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 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 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 ...
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...
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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...
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...
TowneBank Reports First Quarter 2023 Earnings
SUFFOLK, Va., April 27, 2023 (GLOBE NEWSWIRE) -- TowneBank ("Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended March 31, 2023 of $38.33 million, or $0.52 per diluted share, compared...
Aubrey L. Layne Jr. and J. Christopher Perry Join TowneBank Corporate Board of Directors
SUFFOLK, Va., March 14, 2023 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) is pleased to announce that the TowneBank Board of Directors has appointed Aubrey L. Layne, Jr. and J. Christopher Perry to it...
TowneBank Reports Full Year and Fourth Quarter Financial Results for 2022
SUFFOLK, Va., Jan. 26, 2023 (GLOBE NEWSWIRE) -- TowneBank ("Towne") (Nasdaq: TOWN) today reported financial results for the full year and the fourth quarter ended December 31, 2022. For the year ended...