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TOWN News and Press, Towne Bank From 01/27/22

Stock Information

Company Name: Towne Bank
Stock Symbol: TOWN
Market: NASDAQ
Website: townebank.com

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TOWN - TowneBank Announces CEO Transition

SUFFOLK, Va., Jan. 27, 2022 (GLOBE NEWSWIRE) -- TowneBank (the “Company” or “Towne”) (Nasdaq: TOWN) announced today that J. Morgan Davis, a founding member of the Company and current Chief Executive Officer, plans to retire in 2022. In order to ensure a smooth an...

TOWN - TowneBank Reports Record Full Year and Fourth Quarter Financial Results for 2021

SUFFOLK, Va., Jan. 27, 2022 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (Nasdaq: TOWN) today reported financial results for the full year and the fourth quarter ended December 31, 2021. For the year ended December 31, 2021, earnings were $215.38 million, or $2.97...

TOWN - Dividend Champion, Contender, And Challenger Highlights: Week Of December 26

A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates. Companies with upcoming pay dates. For further details see: Dividend Champion, Contender, An...

TOWN - TowneBank declares $0.20 dividend

TowneBank (NASDAQ:TOWN) declares $0.20/share quarterly dividend, in line with previous. Forward yield 2.38% Payable Jan. 12; for shareholders of record Dec. 30; ex-div Dec. 29. See TOWN Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: TowneBank declares $...

TOWN - TowneBank beats Q3 estimates on organic loan growth, credit quality

Regional bank TowneBank (NASDAQ:TOWN) posts Q3 results that reflect solid organic growth, credit quality metrics and continued strong momentum in its fee-based business. Total deposits of $13.01B increases from $12.96B in Q2 and $11.70B in the year-ago quarter. Q3 diluted EPS of $0.69 beats t...

TOWN - TowneBank EPS beats by $0.02, beats on revenue

TowneBank (NASDAQ:TOWN): Q3 GAAP EPS of $0.69 beats by $0.02. Revenue of $170.07M (-11.48% Y/Y) beats by $8.38M. Press Release For further details see: TowneBank EPS beats by $0.02, beats on revenue

TOWN - TowneBank Reports Third Quarter 2021 Earnings

SUFFOLK, Va., Oct. 28, 2021 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended September 30, 2021 of $50.40 million, or $0.69 per diluted share, compared to $34.46 million, or $0.48 per diluted share, for the ...

TOWN - Dividend Champion, Contender, And Challenger Highlights: Week Of October 10

A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates. Companies with upcoming pay dates. For further details see: Dividend Champion, Contender, An...

TOWN - Dividend Champion And Contender Highlights: Week Of September 26

A weekly summary of dividend activity for Dividend Champions and Contenders. Companies which changed their dividends. Companies with upcoming ex-dividend dates. Companies with upcoming pay dates. For further details see: Dividend Champion And Contender Highlights: We...

TOWN - TowneBank: Good Profitability Levels Likely To Drive Additional Upside

Future profitability levels are likely to be sustained at a better than national average pace. Core loan growth has been sluggish, but the tide appears to be turning. The margin likely drifts a little lower in the coming quarters, but most of the compression is behind it. Fo...

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