Brief: TowneBank Q2 EPS USD 0.51

TowneBank

23/07/2025 21:30

Overview

TowneBank Q2 revenue grows 18.56%, beating analyst expectations, per LSEG data

Adjusted EPS for Q2 beats consensus, driven by strategic acquisitions

Company completed Village Bank acquisition, boosting loans and deposits

Outlook

TowneBank expects tax rate to normalize in H2 2025

Company anticipates earnings momentum from strategic partnerships

Result Drivers

VILLAGE BANK ACQUISITION - Acquisition contributed $576.57 mln in loans and $637.49 mln in deposits

LOAN GROWTH - Organic loan growth climbed nearly 5% on an annualized basis

MARGIN EXPANSION - Net interest margin expanded 24 basis points, aided by Village Bank partnership

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$207.44 mln
$200.70 mln (4 Analysts)
Q2 Adjusted EPS
Beat
$0.81
$0.64 (4 Analysts)
Q2 EPS
$0.51
Q2 Net Income
$39.27 mln
Q2 Credit Loss Allowance
$134.19 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for TowneBank is $38.50, about 7.3% above its July 22 closing price of $35.70

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nGNX28H1XL

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)