TowneBank (TOWN)

TowneBank Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	668.5	627.24	573.13	439.87	408.55	424.5
Interest Income on Investments	143.15	147.29	132.12	78.07	34.9	35.66
Total Interest Income	811.64	774.53	705.24	517.94	443.45	460.16
Interest Paid on Deposits	280.31	318.42	219.98	40.82	27.11	57.86
Interest Paid on Borrowings	8.63	13.5	27.49	15.76	13.98	22.15
Total Interest Expense	288.94	331.92	247.46	56.57	41.08	80.02
Net Interest Income	522.7	442.61	457.78	461.37	402.37	380.14
Net Interest Income Growth (YoY)	20.92%	-3.31%	-0.78%	14.66%	5.85%	6.08%
Trust Income	56.77	50.49	47.79	44.25	-	-
Mortgage Banking Activities	48.32	46.96	39.42	47.15	109.3	112.17
Gain (Loss) on Sale of Investments	2.21	0.31	9.38	-	1.22	27.26
Gain (Loss) on Sale of Equity Investments	1.24	1.24	-0.97	0.56	1.33	2.1
Other Non-Interest Income	139.87	132.77	122.39	116.82	150.48	129.47
Total Non-Interest Income	269.61	251.15	236.34	225.57	277.96	284.19
Non-Interest Income Growth (YoY)	12.40%	6.26%	4.78%	-18.85%	-2.19%	38.23%
Revenues Before Loan Losses	792.31	693.75	694.12	686.94	680.33	664.34
Provision for Loan Losses	25.71	-0.55	18.68	8.61	-16.77	67.18
Revenue	766.6	694.3	675.44	678.33	697.1	597.16
Revenue Growth (YoY)	14.10%	2.79%	-0.43%	-2.69%	16.74%	7.68%
Salaries and Employee Benefits	298.93	281.38	263.14	250.41	240.21	230.2
Amortization of Goodwill & Intangibles	14.53	12.77	14.16	10.62	11.13	11.5
Selling, General & Administrative	136.82	139.39	128.46	113.82	105.21	97.23
Other Non-Interest Expense	74.86	69.04	73.88	65.37	59.71	56.97
Total Non-Interest Expense	525.14	502.57	479.63	440.21	416.25	395.89
EBT Excluding Unusual Items	241.46	191.72	195.82	238.12	280.85	201.27
Pretax Income	204.22	190.38	186.22	237.05	279.83	201.33
Income Tax Expense	33.33	27.65	31.09	46.58	54.8	31.9
Earnings From Continuing Operations	170.89	162.73	155.14	190.47	225.03	169.43
Minority Interest in Earnings	-1.22	-0.98	-1.42	-1.48	-9.65	-23.9
Net Income	169.67	161.76	153.72	188.99	215.38	145.54
Net Income to Common	169.67	161.76	153.72	188.99	215.38	145.54
Net Income Growth	13.65%	5.23%	-18.66%	-12.26%	47.99%	4.87%
Basic Shares Outstanding	75	75	75	73	72	72
Diluted Shares Outstanding	76	75	75	73	73	72
Shares Change (YoY)	1.15%	0.67%	2.87%	0.02%	0.30%	0.22%
EPS (Basic)	2.25	2.16	2.06	2.60	2.97	2.01
EPS (Diluted)	2.23	2.15	2.06	2.60	2.97	2.01
EPS Growth	12.02%	4.41%	-20.80%	-12.46%	47.76%	4.69%
Dividend Per Share	1.040	1.000	0.980	0.890	0.780	0.720
Dividend Growth	4.00%	2.04%	10.11%	14.10%	8.33%	2.86%
Effective Tax Rate	16.32%	14.52%	16.69%	19.65%	19.58%	15.84%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.