TowneBank reports results for the quarter ended in March - Earnings Summary

TowneBank

27/04/2023 20:16

* TowneBank  TOWN.OQ  reported quarterly adjusted earnings
of 52
cents​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for earnings
of 64 cents per share.
    * Revenue rose 11.3% to $184.14 million from a year ago;
analysts
expected $188.72 million. 
    * TowneBank's reported EPS for the quarter was 52 cents​.
    * The mean earnings estimate of analysts had fallen by
about 5.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * TowneBank shares had fallen by 12.3% this quarter and
lost 24.2%
so far this year.
    * The company reported quarterly net income of $38.33
million.
    * Wall Street's median 12-month price target for TowneBank
is
$31.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 27 at 07:16 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.64           0.52           Missed
 Dec. 31 2022      0.71           0.64           Missed
 Sep. 30 2022      0.67           0.69           Beat
 Jun. 30 2022      0.61           0.64           Beat