TowneBank Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	805.55	703.1	627.24	573.13	439.87	408.55
Interest Income on Investments	154.5	143.16	147.29	132.12	78.07	34.9
Total Interest Income	960.06	846.26	774.53	705.24	517.94	443.45
Interest Paid on Deposits	282.11	273.41	318.42	219.98	40.82	27.11
Interest Paid on Borrowings	13.97	9.25	13.5	27.49	15.76	13.98
Total Interest Expense	296.08	282.65	331.92	247.46	56.57	41.08
Net Interest Income	663.98	563.61	442.61	457.78	461.37	402.37
Net Interest Income Growth	36.05%	27.34%	-3.31%	-0.78%	14.66%	5.85%
Trust Income	41.3	57.62	50.03	47.08	44.25	42.18
Mortgage Banking Activities	48.93	48.58	46.96	39.42	47.15	109.3
Gain (Loss) on Sale of Investments	198.81	2.13	0.31	9.38	-	1.22
Gain (Loss) on Sale of Equity Investments	2.03	2.03	1.24	-0.97	0.56	1.33
Other Non-Interest Income	152.33	138.87	132.77	122.39	116.82	108.3
Total Non-Interest Income	469.27	272.11	250.68	235.63	225.57	277.96
Non-Interest Income Growth	84.95%	8.55%	6.39%	4.46%	-18.85%	-2.19%
Revenues Before Loan Losses	1,133	835.72	693.29	693.41	686.94	680.33
Provision for Loan Losses	16.08	23.94	-0.55	18.68	8.61	-16.77
Revenue	1,117	811.78	693.83	674.74	678.33	697.1
Revenue Growth	52.53%	17.00%	2.83%	-0.53%	-2.69%	16.74%
Salaries and Employee Benefits	336.25	307.78	281.38	263.14	250.41	240.21
Amortization of Goodwill & Intangibles	21.96	16.78	12.77	14.16	10.62	11.13
Selling, General & Administrative	152.8	141.04	139.39	128.46	113.82	105.21
Other Non-Interest Expense	116.22	80.75	69.04	73.88	65.37	59.71
Total Non-Interest Expense	627.23	546.34	502.57	479.63	440.21	416.25
EBT Excluding Unusual Items	489.94	265.44	191.26	195.11	238.12	280.85
Pretax Income	410.97	210.22	189.92	185.51	237.05	279.83
Income Tax Expense	90.79	39.43	27.55	30.92	46.58	54.8
Earnings From Continuing Operations	320.18	170.79	162.37	154.6	190.47	225.03
Minority Interest in Earnings	-1.08	-1.27	-1.02	-1.39	-1.48	-9.65
Net Income	319.11	169.53	161.36	153.21	188.99	215.38
Net Income to Common	319.11	169.53	161.36	153.21	188.99	215.38
Net Income Growth	91.81%	5.06%	5.32%	-18.93%	-12.26%	47.99%
Basic Shares Outstanding	85	76	75	75	73	72
Diluted Shares Outstanding	85	77	75	75	73	73
Shares Change	12.40%	2.10%	0.68%	2.87%	0.02%	0.30%
EPS (Basic)	3.77	2.22	2.15	2.05	2.60	2.97
EPS (Diluted)	3.77	2.21	2.15	2.05	2.60	2.97
EPS Growth	70.15%	2.79%	4.88%	-21.15%	-12.46%	47.76%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Dividend Per Share	1.790	1.060	1.000	0.980	0.890	0.780
Dividend Growth	75.49%	6.00%	2.04%	10.11%	14.10%	8.33%
Effective Tax Rate	22.09%	18.75%	14.50%	16.66%	19.65%	19.58%