TowneBank (TOWN)

TowneBank Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	836.11	941.58	686.38	679	662.23	563.24
Revenue Growth (YoY)	18.58%	37.18%	1.09%	2.53%	17.58%	5.87%
Cost of Revenue	0	0	9.24	0	0	0
Gross Profit	836.11	941.58	677.14	679	662.23	563.24
Selling, General & Admin	314.65	305.22	279.92	292.26	275.62	261.5
Other Operating Expenses	-482.71	-165	-125.77	-701.08	-760.42	-653.36
Operating Expenses	-169.97	165	-440.09	-408.82	-484.8	-391.86
Operating Income	151.3	-1.42	206.87	270.18	177.44	171.38
Interest Income	728.76	705.24	517.94	443.45	460.16	467.83
Interest Expense	217.91	26.64	56.57	41.08	80.02	109.47
Other Expense / Income	483.34	492.38	432.67	402.37	380.14	358.36
Pretax Income	180.53	186.22	237.05	279.83	201.33	176.27
Income Tax	28.75	31.09	46.58	54.8	31.9	32.6
Net Income	150.07	153.72	188.99	215.38	145.54	138.78
Net Income Growth	-17.42%	-18.66%	-12.26%	47.99%	4.87%	3.73%
Shares Outstanding (Basic)	75	75	73	72	72	72
Shares Outstanding (Diluted)	75	75	73	73	72	72
Shares Change	0.79%	2.87%	0.02%	0.30%	0.22%	1.26%
EPS (Basic)	2.01	2.06	2.60	2.97	2.01	1.93
EPS (Diluted)	2.01	2.06	2.60	2.97	2.01	1.92
EPS Growth	-19.28%	-20.77%	-12.46%	47.76%	4.69%	2.13%
Free Cash Flow	179.91	117.17	363.22	487.62	82.1	-52.75
Free Cash Flow Per Share	2.40	1.57	5.00	6.72	1.13	-0.73
Gross Margin	100.00%	100.00%	98.65%	100.00%	100.00%	100.00%
Operating Margin	18.10%	-0.15%	30.14%	39.79%	26.79%	30.43%
Profit Margin	17.95%	16.33%	27.53%	31.72%	21.98%	24.64%
Free Cash Flow Margin	21.52%	12.44%	52.92%	71.81%	12.40%	-9.37%
Effective Tax Rate	15.92%	16.69%	19.65%	19.58%	15.84%	18.49%
EBITDA	122.69	12.73	235.57	298.98	206.5	200.75
EBITDA Margin	14.67%	1.35%	34.32%	44.03%	31.18%	35.64%
Depreciation & Amortization	34.53	34.22	28.7	28.8	29.06	29.37
EBIT	88.16	-21.49	206.87	270.18	177.44	171.38
EBIT Margin	10.54%	-2.28%	30.14%	39.79%	26.79%	30.43%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.