Brief: Townebank Reports Q4 Earnings Per Share Of $0.49

TowneBank

23/01/2020 14:09

Jan 23 (Reuters) - Towne Bank  TOWN.O :
    * TOWNEBANK REPORTS FULL YEAR AND FOURTH QUARTER FINANCIAL
RESULTS
FOR 2019
    * Q4 EARNINGS PER SHARE $0.49
    * Q4 EARNINGS PER SHARE ESTIMATE $0.43 -- REFINITIV IBES
DATA
    * QTRLY TOTAL REVENUES WERE $139.67 MILLION, AN INCREASE OF
$8.25
MILLION, OR 6.28%.
    * QTRLY NET INTEREST INCOME WAS $89.96 MILLION COMPARED TO
$89.21
MILLION FOR QUARTER ENDED DECEMBER 31, 2018.
    * SEES ANNUAL LOAN GROWTH TO BE IN MID-SINGLE DIGITS IN 2020
    * QTRLY OUR QUARTERLY NONINTEREST EXPENSE RUN RATE WILL
RANGE
BETWEEN $94 - $97 MILLION FOR 2020.

Source text for Eikon:  ID:nGNX6TJbGY 
Further company coverage:  TOWN.O 

 ((Reuters.Briefs@thomsonreuters.com;))