TowneBank reports results for the quarter ended December 31 - Earnings Summary

TowneBank

23/01/2025 24:20

* TowneBank  TOWN.OQ  reported quarterly adjusted earnings
of 55
cents​​ per share for the quarter ended December 31, higher than
the same quarter last year, when the company reported EPS of 44
cents.  The mean expectation of four analysts for the quarter
was for earnings of 48 cents per share. Wall Street expected
results to range from 44 cents to 53 cents per share.
    * Revenue rose 13.9% to $177.16 million from a year ago;
analysts
expected $178.58 million. 
    * TowneBank's reported EPS for the quarter was 55 cents​.
    * The company reported quarterly net income of $41.27
million.
    * TowneBank shares had risen by 1.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
 "hold."

Wall Street's median 12-month price target for TowneBank is
$39.50 
This summary was machine generated from LSEG data January 23 at
12:20 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.48           0.55           Beat
 Sep. 30 2024      0.56           0.58           Beat
 Jun. 30 2024      0.48           0.57           Beat
 Mar. 31 2024      0.48           0.48           Met