TOWN
Financials

TowneBank

TOWN
Since

Headquarters:

VA, United States

Exchange:

NASDAQ

Industry:

Banks—Regional

Number of Employees:

2.72K

Current Fiscal Year:

2024

Market Cap:

2.50B

Price per Share:

$33.24

Quarterly Dividend per Share:

$0.25
Year-to-date Performance:
-0.8128%
Dividend Yield:
3.00%
Price-to-book Ratio:
1.17
Trailing P/E Ratio:
16.75

Price History

Latest Prices

DateOpenHighLowClose
2025-04-3032.7733.0132.457532.95
2025-04-2932.7833.24532.3333.24
2025-04-2832.9833.0432.60532.9
2025-04-2532.6832.8632.4632.84
2025-04-2432.4933.0232.00533.01

TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals. The company operates through three segments: Banking, Realty, and Insurance. It accepts various deposits, including demand deposits, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts. The company also offers secured and unsecured personal loans for financing automobiles, home improvements, education, and personal investments; commercial loans for working capital, business expansion, and equipment and machinery purchases; and mortgage loans, as well as real estate acquisition, development, and construction loans. In addition, it provides other services, such as safe deposit boxes, treasury management services, direct deposit of payroll and social security checks, and automatic drafts for various accounts, as well as online, mobile, and on-call banking services. Further, the company offers documentation services to accomplish tax deferral to investors; investment and asset management services; commercial mortgage brokerage services; and other financial services, such as financial, retirement, and estate planning services, as well as assistance on various investment options comprising alternative investments, annuities, margin accounts, convertible bonds, and pension and profit-sharing plans. Additionally, it provides residential real estate, relocation, property management, vacation rentals, and title and settlement services; and originates residential mortgage loans. The company also offers life, property, casualty, and vehicle insurance services; and employee benefit programs, such as health, dental, vision, and disability insurance. It operates in Richmond, Virginia, the Greater Hampton Roads region in southeastern Virginia, northeastern North Carolina, Raleigh, Charlotte, Greensboro, and Greenville, North Carolina. TowneBank was incorporated in 1998 and is based in Portsmouth, Virginia.

Financial Performance

2024 Revenue:673.10M

Detailed view of quarterly revenue

2024 Net Income:149.30M

Detailed view of quarterly net income

2024 Free Cash Flow:28.31M

Overview of free cash flow for the quarter

Annual Revenue Comparison

Compares total annual revenues

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