Towne Bank (NASDAQ: TOWN) — Company Overview, News & Financial Data
Towne Bank offers a range of banking products and services, focusing on community development and customer service across the Southeast.
Towne Bank
Towne Bank (NASDAQ:TOWN) is a community-centric financial services provider offering a broad range of banking and loan products, along with tailored financial solutions to individuals, businesses, and commercial clients. It operates through a network of branches across several states, with a prominent presence in Virginia, North Carolina, and South Carolina. The bank focuses on fostering local economic development through responsive customer service, innovative financial products, and active community involvement. Towne Bank's projects often center on expanding its service offerings and enhancing digital banking platforms to improve customer experience and access. Its objectives include sustainable growth, maintaining a strong capital position, and delivering consistent shareholder value while upholding the core values of integrity and trust.
Snapshot
Operations
Products and/or services of Towne Bank
- Personal banking services including checking, savings, and online banking.
- Commercial banking solutions such as loans, treasury services, and merchant services.
- Mortgage services offering home buying and refinancing options.
- Insurance services for individuals and businesses.
- Investment services providing wealth management and financial planning.
- Real estate services to assist with property management and development.
Towne Bank executive team
- G. Robert Aston Jr.Executive Chairman
- William I. Foster IIICEO, President & Director
- William B. LittrealSenior Executive VP & CFO
- Ernest S. PiccioliSenior Executive VP & Chief Risk Officer
- William T. MorrisonDirector
- Steven W. JonesPresident of the Carolinas & Director
- R. Lee ClarkSenior Executive VP & COO
- Kevin L. FlySenior EVP & Chief Accounting Officer
- Varun ChandhokSenior EVP & Chief Information Officer
- George P. WhitleySenior Executive VP & Chief Legal Officer
Latest news about Towne Bank
Dividend history
Dividends per share paid by Towne Bank, by financial year.
| Financial year | Interim | Final | Special | Total |
|---|---|---|---|---|
| FY2026(to date) | — | — | — | $1.5300 |
| FY2025 | — | — | — | $1.0600 |
| FY2024 | — | — | — | $1.0000 |
| FY2023 | — | — | — | $0.9800 |
| FY2022 | — | — | — | $0.8900 |
Key financials
Reported results for Towne Bank, in USD.
- Market cap
- 3.5B
- Revenue (TTM)
- 1.2B
- P/E ratio
- 18.7
- EPS (diluted, TTM)
- 2.0
- Dividend yield
- 3.0%
- Profit margin
- 30.5%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 1B | 210.2M | 169.5M | |
| 1B | 190.4M | 161.8M | |
| 942.6M | 186.2M | 153.7M | |
| 742.9M | 237.1M | 189M |