TowneBank reports results for the quarter ended June 30 - Earnings Summary
TowneBank reports results for the quarter ended June 30 - Earnings Summary
TowneBank TOWN.OQ reported quarterly adjusted earnings of 78 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 81 cents. The mean expectation of four analysts for the quarter was for earnings of 79 cents per share. Wall Street expected results to range from 76 cents to 81 cents per share.
Revenue rose 25.6% to $260.64 million from a year ago; analysts expected $292.62 million.
TowneBank's reported EPS for the quarter was $2.09.
The company reported quarterly net income of $193.19 million.
TowneBank shares had risen by 0.3% this quarter and gained 11.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 12.7% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
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 also "buy"
Wall Street's median 12-month price target for TowneBank is $39.00, about 7.5% above its last closing price of $36.09
This summary was machine generated from LSEG data July 23 at 04:34 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 |
Jun. 30 2026 | 0.79 | 0.78 | Missed |
Mar. 31 2026 | 0.76 | 0.74 | Missed |
Dec. 31 2025 | 0.71 | 0.70 | Missed |
Sep. 30 2025 | 0.78 | 0.83 | Beat |