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

TowneBank

27/10/2022 15:10

* TowneBank  TOWN.OQ  reported quarterly adjusted earnings
of 69
cents​​ per share for the quarter ended in September. The lone
analyst forecast for the quarter was for earnings of 67 cents
per share.
    * Revenue rose 5.4% to $179.24 million from a year ago;
analysts
expected $175.60 million. 
    * TowneBank's reported EPS for the quarter was 69 cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * TowneBank shares had risen by 12.7% this quarter and
lost 4.2%
so far this year.
    * The company reported quarterly net income of $50.17
million.
    * Wall Street's median 12-month price target for TowneBank
is
$34.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
27 at 02:10 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.67           0.69           Beat
 Jun. 30 2022      0.61           0.64           Beat
 Mar. 31 2022      0.58           0.63           Beat
 Dec. 31 2021      0.61           0.55           Missed