TowneBank (TOWN)

NASDAQ: TOWN · Real-Time Price · USD
34.63
+0.04 (0.12%)
May 22, 2026, 4:00 PM EDT - Market closed
Market Cap3.16B +25.7%
Revenue (ttm)877.21M +24.2%
Net Income166.81M -2.1%
EPS2.07 -8.7%
Shares Out 91.30M
PE Ratio16.72
Forward PE10.68
Dividend$1.08 (3.12%)
Ex-Dividend DateJun 26, 2026
Volume484,278
Open34.66
Previous Close34.59
Day's Range34.50 - 34.85
52-Week Range31.91 - 37.86
Beta0.73
AnalystsBuy
Price Target39.25 (+13.34%)
Earnings DateApr 22, 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]

Sector Financials
IPO Date May 7, 1999
Employees 3,138
Stock Exchange NASDAQ
Ticker Symbol TOWN
Full Company Profile

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 Statements

Analyst Summary

According to 4 analysts, the average rating for TOWN stock is "Buy." The 12-month stock price target is $39.25, which is an increase of 13.34% from the latest price.

Price Target
$39.25
(13.34% upside)
Analyst Consensus: Buy
Stock Forecasts

News

TowneBank Announces Quarterly Cash Dividend

SUFFOLK, Va., May 20, 2026 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its second-quarter shareholder cash dividend of $0.28 p...

2 days ago - GlobeNewsWire

TowneBank downgraded to Market Perform from Outperform at Keefe Bruyette

Keefe Bruyette downgraded TowneBank (TOWN) to Market Perform from Outperform with a price target of $38, down from $42. The company’s Q1 report is “disappointing” with a lower net interest…

15 days ago - TheFly

TowneBank declares 70c per share special cash dividend

TowneBank (TOWN) announced today that its board of directors declared a one-time special dividend of 70c per common share payable on May 20, to shareholders of record as of the…

4 weeks ago - TheFly

TowneBank reports Q1 core EPS 74c, consensus 76c

Reports Q1 revenue $246.45M, consensus $252.75M. Reports Q1 tangible book value per share $21.49. “TowneBank (TOWN) posted a strong first quarter achieving record total revenues of $246 million. We co...

4 weeks ago - TheFly

TowneBank Reports First Quarter 2026 Earnings

SUFFOLK, Va., April 22, 2026 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended March 31, 2026 of $40.99 million, or $0.45 per dilute...

4 weeks ago - GlobeNewsWire

TowneBank Slides: Q1 2026

TowneBank has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on April 22, 2026.

4 weeks ago - Filings

TowneBank Earnings release: Q1 2026

TowneBank released its Q1 2026 earnings on April 22, 2026, summarizing the period's financial results.

4 weeks ago - Filings

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...

6 weeks ago - GlobeNewsWire

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.

3 months ago - GlobeNewsWire

TowneBank reports Q4 EPS 70c, consensus 71c

Reports Q4 revenue $219.94M, consensus $225.43M. Reports Q4 tangible book value per share $21.93. Reports Q4 CET1 capital ratio 11.34%. “We are pleased to announce record 2025 core earnings of…

4 months ago - TheFly

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...

4 months ago - GlobeNewsWire

TowneBank Earnings release: Q4 2025

TowneBank released its Q4 2025 earnings on January 28, 2026, summarizing the period's financial results.

4 months ago - Filings

TowneBank Slides: Q4 2025

TowneBank has posted slides in relation to its Q4 2025 quarterly earnings report, which was published on January 28, 2026.

4 months ago - Filings

TowneBank announces completion of Dogwood State Bank merger

TowneBank (TOWN) announced the completion of its merger with Raleigh-based Dogwood State Bank. The merger substantially enhances TowneBank’s strategic journey down the fast-growing Interstate 85 corri...

4 months ago - TheFly

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 ...

4 months ago - GlobeNewsWire

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...

5 months ago - PRNewsWire

TowneBank reports Q3 EPS 83c, consensus 76c

Reports Q3 revenue $215.7M, consensus $220.7M. The company states: “The quarterly provision for credit losses was an expense of $15.28 million compared to a benefit of $1.10 million in the…

7 months ago - TheFly

TowneBank Quarterly report: Q3 2025

TowneBank has published its Q3 2025 quarterly earnings report on October 22, 2025.

7 months ago - Filings

TowneBank Earnings release: Q3 2025

TowneBank released its Q3 2025 earnings on October 22, 2025, summarizing the period's financial results.

7 months ago - Filings

TowneBank Slides: Q3 2025

TowneBank has posted slides in relation to its Q3 2025 quarterly earnings report, which was published on October 22, 2025.

7 months ago - Filings

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...

9 months ago - GlobeNewsWire

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...

9 months ago - Business Wire

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...

9 months ago - Business Wire

TowneBank to acquire Dogwood State Bank for $25.04 per share

TowneBank (TOWN) and Dogwood State Bank announced the signing of a definitive merger agreement pursuant to which TowneBank will acquire Dogwood State Bank. The proposed transaction enhances TowneBank’...

9 months ago - TheFly

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...

9 months ago - GlobeNewsWire