TowneBank (TOWN) Financials: History & Chart

TowneBank(TOWN)

Banks - Regional · Portsmouth, VA

$35.41-0.43 (-1.20%)

Delayed quote: Oct 6, 2026, 4:00 PM EDT

About TowneBank

TowneBank functions as a comprehensive financial institution, delivering a wide array of retail and commercial banking services to individuals, businesses, and professionals. Its operations are structured across three primary divisions: Banking, Realty, and Insurance. Clients can establish diverse deposit accounts, such as checking accounts, standard savings, high-yield savings, certificates of deposit (CDs), and individual retirement accounts. The bank facilitates various lending solutions, including secured and unsecured personal loans for purchases like vehicles, home renovations, educational expenses, and individual investments. It also extends commercial loans designed for working capital, business growth, and the acquisition of equipment. Furthermore, TowneBank provides mortgage financing, encompassing general home loans and specialized loans for real estate acquisition, development, and construction. Beyond core lending and deposit offerings, TowneBank delivers practical services like safe deposit boxes, comprehensive treasury management, direct deposit for paychecks and government benefits, and automated transfers. Modern banking conveniences are also available through its online, mobile, and on-call platforms. Moreover, it supports investors with documentation for tax deferral, offers expertise in investment and asset management, and provides commercial mortgage brokerage. The institution also delivers a suite of financial planning services, including retirement and estate planning, and guides clients through diverse investment opportunities like alternative investments, annuities, margin accounts, convertible bonds, and pension and profit-sharing programs. Its realty division handles residential real estate services, including relocation assistance, property management, vacation rentals, and title and settlement processes. It also originates residential mortgage loans. Through its insurance arm, TowneBank furnishes various types of coverage, such as life, property, casualty, and auto insurance. It additionally administers employee benefits packages, encompassing health, dental, vision, and disability insurance. TowneBank maintains a regional presence across Richmond and the greater Hampton Roads area in southeastern Virginia, extending into northeastern North Carolina, Raleigh, Charlotte, Greensboro, and Greenville, North Carolina. Founded in 1998, TowneBank's corporate headquarters are situated in Portsmouth, Virginia.

Portsmouth, VA

2,932 employees

www.townebank.com

Financial Services / Banks - Regional

Sector: Financial Services
Industry: Banks - Regional
CEO: William I. Foster

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Financials

SEC Filings

Quarterly Income Statement (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	1.30B	497.37M	260.53M	255.14M	287.06M	277.86M	261.18M	253.91M	258.86M
Cost of Goods Sold	312.16M	76.15M	77.80M	71.54M	86.67M	76.83M	71.56M	79.60M	83.24M
Gross Profit	987.94M	421.22M	182.73M	183.60M	200.39M	201.03M	189.62M	174.31M	175.62M
Gross Profit Margin	76.0%	84.7%	70.1%	72.0%	69.8%	72.3%	72.6%	68.7%	67.8%
Total Operating Expenses	583.89M	167.52M	132.52M	130.11M	153.74M	150.66M	130.54M	126.20M	126.90M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	405.32M	105.87M	111.08M	101.77M	86.60M	85.55M	83.56M	81.27M	80.84M
Operating Income (EBIT)	404.05M	253.70M	50.22M	53.49M	46.65M	50.37M	59.09M	48.11M	48.72M
Operating Margin	31.1%	51.0%	19.3%	21.0%	16.3%	18.1%	22.6%	18.9%	18.8%
Income Before Tax (EBT)	404.05M	253.70M	50.22M	53.49M	46.65M	50.37M	59.09M	48.11M	48.72M
Interest Income	960.05M	260.64M	250.40M	230.67M	218.34M	207.63M	189.62M	196.05M	196.62M
Interest Expense	296.08M	75.53M	77.46M	71.70M	71.39M	70.42M	69.14M	78.00M	84.34M
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	313.79M	193.19M	40.99M	40.63M	38.98M	38.84M	50.59M	41.27M	42.95M
Income Tax Expense	89.19M	60.08M	9.12M	12.64M	7.36M	11.10M	8.20M	6.67M	5.59M
Net Profit Margin	24.1%	38.8%	15.7%	15.9%	13.6%	14.0%	19.4%	16.3%	16.6%
EBITDA	439.14M	253.70M	63.38M	65.07M	56.99M	60.05M	67.71M	56.77M	57.43M
EBITDA Margin	33.8%	51.0%	24.3%	25.5%	19.9%	21.6%	25.9%	22.4%	22.2%
Depreciation & Amortization	35.09M	0.00	13.16M	11.58M	10.34M	9.68M	8.63M	8.65M	8.72M
EPS Basic	3.57	2.10	0.45	0.51	0.51	0.52	0.67	0.55	0.57
EPS Diluted	3.56	2.09	0.45	0.51	0.51	0.52	0.67	0.55	0.57
Weighted Average Basic Shares	92.17M	92.17M	90.43M	79.11M	76.42M	75.24M	75.15M	75.03M	75.14M
Weighted Average Diluted Shares	92.46M	92.46M	90.78M	79.11M	76.76M	75.54M	75.53M	75.31M	75.14M

Annual Income Statement (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	1.01B	1.02B	942.55M	742.95M	720.08M	742.25M	672.71M	612.75M
Cost of Goods Sold	306.59M	331.38M	266.14M	65.18M	24.31M	147.19M	118.84M	89.29M
Gross Profit	701.33M	692.51M	676.41M	677.77M	695.77M	595.06M	553.87M	523.46M
Gross Profit Margin	69.6%	67.6%	71.8%	91.2%	96.6%	80.2%	82.3%	85.4%
Total Operating Expenses	491.11M	502.67M	490.19M	440.72M	415.94M	393.72M	377.60M	351.46M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	377.72M	321.53M	305.22M	279.92M	266.94M	253.38M	248.28M	230.43M
Operating Income (EBIT)	210.22M	190.38M	186.22M	237.05M	279.83M	201.33M	176.27M	172.00M
Operating Margin	20.9%	18.6%	19.8%	31.9%	38.9%	27.1%	26.2%	28.1%
Income Before Tax (EBT)	210.22M	190.38M	186.22M	237.05M	279.83M	201.33M	176.27M	172.00M
Interest Income	846.26M	774.53M	705.24M	517.94M	443.45M	460.16M	467.82M	421.82M
Interest Expense	282.65M	331.92M	247.46M	56.57M	41.08M	80.02M	109.47M	80.75M
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	169.53M	161.76M	153.72M	188.99M	215.38M	145.53M	138.78M	133.79M
Income Tax Expense	39.42M	27.65M	31.09M	46.58M	54.80M	31.90M	32.60M	34.23M
Net Profit Margin	16.8%	15.8%	16.3%	25.4%	29.9%	19.6%	20.6%	21.8%
EBITDA	250.44M	225.45M	220.44M	265.75M	308.63M	230.39M	205.64M	200.72M
EBITDA Margin	24.8%	22.0%	23.4%	35.8%	42.9%	31.0%	30.6%	32.8%
Depreciation & Amortization	40.23M	35.07M	34.22M	28.70M	28.80M	29.06M	29.37M	28.72M
EPS Basic	2.22	2.16	2.06	2.60	2.97	2.01	1.93	1.88
EPS Diluted	2.21	2.15	2.06	2.60	2.97	2.01	1.92	1.88
Weighted Average Basic Shares	76.71M	74.93M	74.65M	72.56M	72.48M	72.29M	72.06M	71.15M
Weighted Average Diluted Shares	76.75M	75.23M	74.66M	72.58M	72.56M	72.35M	72.19M	71.29M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.