Trade Towne Bank - TOWN CFD
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- Historical Data
- Events
- Income Statement
- Balance Sheet
- Cash Flow
- Ownership
Spread | 0.08 | ||||||||
Long position overnight fee
Long position overnight fee
Go to platform | -0.026235% | ||||||||
Short position overnight fee
Short position overnight fee
Go to platform | 0.004012% | ||||||||
Overnight fee time | 22:00 (UTC) | ||||||||
Min traded quantity | 1 | ||||||||
Currency | USD | ||||||||
Margin | 5% | ||||||||
Stock exchange | United States of America | ||||||||
Commission on trade | 0% |
*Information provided by Capital.com
TowneBank ESG Risk Ratings
‘D’ score indicates poor relative ESG performance and insufficient degree of transparency in reporting material ESG data publicly.
Prev. Close* | 27.61 |
Open* | 27.29 |
1-Year Change* | -16.49% |
Day's Range* | 27.29 - 28.13 |
52 wk Range | 21.22-33.09 |
Average Volume (10 days) | 185.65K |
Average Volume (3 months) | 4.17M |
Market Cap | 1.97B |
P/E Ratio | 11.37 |
Shares Outstanding | 74.89M |
Revenue | 673.03M |
EPS | 2.32 |
Dividend (Yield %) | 3.79507 |
Beta | 0.95 |
Next Earnings Date | Jan 24, 2024 |
All data is provided by Refinitiv, except for data marked with an asterisk, which is *data provided by Capital.com
- Last Week
- Last Month
- Last Year
- Last two Years
- Max
- Daily
- Weekly
- Monthly
Date | Close | Change | Change (%) | Open | High | Low |
---|---|---|---|---|---|---|
Dec 1, 2023 | 27.61 | 1.63 | 6.27% | 25.98 | 27.67 | 25.98 |
Nov 30, 2023 | 26.22 | 0.24 | 0.92% | 25.98 | 26.52 | 25.97 |
Nov 29, 2023 | 26.24 | 0.44 | 1.71% | 25.80 | 26.56 | 25.80 |
Nov 28, 2023 | 26.03 | 0.02 | 0.08% | 26.01 | 26.21 | 25.79 |
Nov 27, 2023 | 26.15 | 0.01 | 0.04% | 26.14 | 26.31 | 26.05 |
Nov 24, 2023 | 26.32 | 0.18 | 0.69% | 26.14 | 26.58 | 26.14 |
Nov 22, 2023 | 26.40 | 0.25 | 0.96% | 26.15 | 26.63 | 26.14 |
Nov 21, 2023 | 26.31 | -0.23 | -0.87% | 26.54 | 26.73 | 26.25 |
Nov 20, 2023 | 26.81 | -0.16 | -0.59% | 26.97 | 27.09 | 26.78 |
Nov 17, 2023 | 27.25 | 0.84 | 3.18% | 26.41 | 27.45 | 26.41 |
Nov 16, 2023 | 26.91 | 0.48 | 1.82% | 26.43 | 27.00 | 26.41 |
Nov 15, 2023 | 26.97 | 1.19 | 4.62% | 25.78 | 27.15 | 25.78 |
Nov 14, 2023 | 26.76 | 1.31 | 5.15% | 25.45 | 26.92 | 25.45 |
Nov 13, 2023 | 24.96 | 0.47 | 1.92% | 24.49 | 25.01 | 24.47 |
Nov 10, 2023 | 24.79 | 0.96 | 4.03% | 23.83 | 24.93 | 23.83 |
Nov 9, 2023 | 24.75 | 0.22 | 0.90% | 24.53 | 25.18 | 24.29 |
Nov 8, 2023 | 25.05 | 0.07 | 0.28% | 24.98 | 25.38 | 24.88 |
Nov 7, 2023 | 25.43 | 0.45 | 1.80% | 24.98 | 25.56 | 24.98 |
Nov 6, 2023 | 25.61 | 0.76 | 3.06% | 24.85 | 25.85 | 24.85 |
Nov 3, 2023 | 26.01 | 0.34 | 1.32% | 25.67 | 26.27 | 25.50 |
Towne Bank Events
Time (UTC) | Country | Event |
---|---|---|
Wednesday, January 24, 2024 | ||
Time (UTC) 13:30 | Country US
| Event Q4 2023 TowneBank Earnings Release Q4 2023 TowneBank Earnings ReleaseForecast -Previous - |
Thursday, April 25, 2024 | ||
Time (UTC) 12:30 | Country US
| Event Q1 2024 TowneBank Earnings Release Q1 2024 TowneBank Earnings ReleaseForecast -Previous - |
- Annual
- Quarterly
2022 | 2021 | 2020 | 2019 | 2018 | |
---|---|---|---|---|---|
Net Income Before Taxes | 237.05 | 279.832 | 201.333 | 176.27 | 172.001 |
Net Income After Taxes | 190.469 | 225.034 | 169.433 | 143.674 | 138.47 |
Minority Interest | -1.482 | -9.651 | -23.898 | -4.891 | -3.981 |
Net Income Before Extra. Items | 188.987 | 215.383 | 145.535 | 138.783 | 134.489 |
Net Income | 188.987 | 215.383 | 145.535 | 138.783 | 133.793 |
Total Adjustments to Net Income | |||||
Income Available to Common Excl. Extra. Items | 188.987 | 215.383 | 145.535 | 138.783 | 134.489 |
Income Available to Common Incl. Extra. Items | 188.987 | 215.383 | 145.535 | 138.783 | 133.793 |
Diluted Net Income | 188.987 | 215.383 | 145.535 | 138.783 | 133.793 |
Diluted Weighted Average Shares | 72.5779 | 72.4792 | 72.3483 | 72.189 | 71.2931 |
Diluted EPS Excluding Extraordinary Items | 2.60392 | 2.97165 | 2.01159 | 1.92249 | 1.88642 |
Dividends per Share - Common Stock Primary Issue | 0.86 | 0.76 | 0.72 | 0.68 | 0.6 |
Diluted Normalized EPS | 2.61571 | 2.98299 | 2.72291 | 1.92991 | 1.98159 |
Interest Income, Bank | 517.936 | 443.453 | 460.159 | 467.825 | 421.823 |
Total Interest Expense | 56.571 | 41.084 | 80.015 | 109.47 | 80.75 |
Net Interest Income | 461.365 | 402.369 | 380.144 | 358.355 | 341.073 |
Loan Loss Provision | 8.606 | -16.774 | 5.957 | 9.371 | 8.541 |
Net Interest Income after Loan Loss Provision | 452.759 | 419.143 | 374.187 | 348.984 | 332.532 |
Non-Interest Income, Bank | 225.57 | 277.961 | 284.191 | 205.588 | 191.593 |
Non-Interest Expense, Bank | -441.279 | -417.272 | -457.045 | -378.302 | -352.124 |
Total Extraordinary Items | 0 | 0 | -0.696 | ||
Dilution Adjustment |
Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | |
---|---|---|---|---|---|
Net Income Before Taxes | 52.784 | 48.077 | 58.093 | 63.277 | 58.199 |
Net Income After Taxes | 43.368 | 38.478 | 46.495 | 50.671 | 47.054 |
Minority Interest | -1.652 | -0.145 | 0.19 | -0.502 | -0.507 |
Net Income Before Extra. Items | 41.716 | 38.333 | 46.685 | 50.169 | 46.547 |
Net Income | 41.716 | 38.333 | 46.685 | 50.169 | 46.547 |
Income Available to Common Excl. Extra. Items | 41.716 | 38.333 | 46.685 | 50.169 | 46.547 |
Income Available to Common Incl. Extra. Items | 41.716 | 38.333 | 46.685 | 50.169 | 46.547 |
Diluted Net Income | 41.716 | 38.333 | 46.685 | 50.169 | 46.547 |
Diluted Weighted Average Shares | 74.6998 | 74.3632 | 72.609 | 72.5945 | 72.5689 |
Diluted EPS Excluding Extraordinary Items | 0.55845 | 0.51548 | 0.64296 | 0.69109 | 0.64142 |
Dividends per Share - Common Stock Primary Issue | 0.23 | 0.23 | 0.23 | 0.23 | 0.2 |
Diluted Normalized EPS | 0.49427 | 0.57967 | 0.6467 | 0.69788 | 0.64199 |
Interest Income, Bank | 174.863 | 163.396 | 151.918 | 137.524 | 120.139 |
Total Interest Expense | 61.252 | 40.018 | 23.135 | 13.486 | 10.799 |
Net Interest Income | 113.611 | 123.378 | 128.783 | 124.038 | 109.34 |
Loan Loss Provision | 3.556 | 11.67 | 6.074 | 3.925 | 0.056 |
Net Interest Income after Loan Loss Provision | 110.055 | 111.708 | 122.709 | 120.113 | 109.284 |
Non-Interest Income, Bank | 67.957 | 60.766 | 46.524 | 55.198 | 57.64 |
Non-Interest Expense, Bank | -125.228 | -124.397 | -111.14 | -112.034 | -108.725 |
- Annual
- Quarterly
2022 | 2021 | 2020 | 2019 | 2018 | |
---|---|---|---|---|---|
Total Assets | 15845.3 | 16361.4 | 14626.4 | 11947.7 | 11163 |
Property/Plant/Equipment, Total - Net | 382.927 | 323.522 | 320.582 | 279.321 | 211.796 |
Property/Plant/Equipment, Total - Gross | 546.377 | 477.647 | 462.201 | 406.56 | 325.961 |
Accumulated Depreciation, Total | -163.45 | -154.125 | -141.619 | -127.239 | -114.165 |
Goodwill, Net | 458.482 | 457.187 | 452.328 | 446.816 | 433.658 |
Intangibles, Net | 43.163 | 50.379 | 45.533 | 54.399 | 58.752 |
Long Term Investments | 163.38 | 102.42 | 92.38 | 59.38 | 33.03 |
Other Assets, Total | 194.956 | 140.727 | 134.25 | 118.266 | 120.639 |
Total Liabilities | 13971.3 | 14462.1 | 12859.6 | 10306.9 | 9637.5 |
Total Long Term Debt | 276.306 | 249.652 | 431.907 | 248.458 | 247.861 |
Minority Interest | 14.797 | 16.86 | 16.981 | 12.939 | 12.894 |
Other Liabilities, Total | 262.1 | 333.217 | 249.558 | 200.27 | 159.856 |
Total Equity | 1873.96 | 1899.31 | 1766.85 | 1640.76 | 1525.53 |
Preferred Stock - Non Redeemable, Net | 0 | 0 | |||
Common Stock | 121.426 | 121.164 | 121.132 | 121.107 | 120.801 |
Additional Paid-In Capital | 1052.26 | 1050.95 | 1046.64 | 1041.16 | 1034.68 |
Retained Earnings (Accumulated Deficit) | 840.777 | 716.605 | 557.889 | 467.186 | 379.239 |
Unrealized Gain (Loss) | -148.772 | 13.618 | 45.452 | 15.441 | -9.317 |
Other Equity, Total | 8.267 | -3.021 | -4.268 | -4.139 | 0.127 |
Total Liabilities & Shareholders’ Equity | 15845.3 | 16361.4 | 14626.4 | 11947.7 | 11163 |
Total Common Shares Outstanding | 72.8414 | 72.684 | 72.6675 | 72.6497 | 72.4659 |
Long Term Debt | 247.42 | 249.652 | 431.907 | 248.458 | 247.861 |
Accrued Expenses | 53.289 | 56.554 | 64.161 | 50.246 | |
Capital Lease Obligations | 28.886 |
Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | |
---|---|---|---|---|---|
Total Assets | 16680.4 | 17225.1 | 16730.5 | 15845.3 | 15951.8 |
Property/Plant/Equipment, Total - Net | 335.522 | 405.071 | 402.833 | 354.307 | 346.558 |
Goodwill, Net | 456.684 | 456.695 | 477.234 | 458.482 | 458.482 |
Intangibles, Net | 67.496 | 71.106 | 73.238 | 43.163 | 44.854 |
Long Term Investments | 163.38 | 139.05 | |||
Other Assets, Total | 551.884 | 460.463 | 382.187 | 223.576 | 195.79 |
Accrued Expenses | 54.21 | 56.213 | 53.289 | 55.053 | |
Total Liabilities | 14712.4 | 15251.2 | 14755.8 | 13971.3 | 14125.1 |
Total Long Term Debt | 255.58 | 285.185 | 284.498 | 247.42 | 247.265 |
Long Term Debt | 255.58 | 255.365 | 255.151 | 247.42 | 247.265 |
Minority Interest | 16.224 | 16.659 | 15.218 | 14.797 | 16.924 |
Other Liabilities, Total | 408.305 | 324.303 | 250.641 | 290.986 | 320.816 |
Total Equity | 1967.99 | 1973.84 | 1974.68 | 1873.96 | 1826.66 |
Common Stock | 124.837 | 124.805 | 124.682 | 121.426 | 121.423 |
Additional Paid-In Capital | 1111.15 | 1109.53 | 1109.39 | 1052.26 | 1052.37 |
Retained Earnings (Accumulated Deficit) | 911.042 | 884.901 | 861.905 | 840.777 | 810.845 |
Unrealized Gain (Loss) | -152.608 | -129.039 | -148.772 | -155.501 | |
Other Equity, Total | -179.043 | 7.216 | 7.742 | 8.267 | -2.479 |
Total Liabilities & Shareholders’ Equity | 16680.4 | 17225.1 | 16730.5 | 15845.3 | 15951.8 |
Total Common Shares Outstanding | 74.8871 | 74.8782 | 74.8044 | 72.8414 | 72.8393 |
Capital Lease Obligations | 29.82 | 29.347 |
- Annual
- Quarterly
2022 | 2021 | 2020 | 2019 | 2018 | |
---|---|---|---|---|---|
Net income/Starting Line | 190.469 | 225.034 | 169.433 | 143.674 | 137.774 |
Cash From Operating Activities | 415.505 | 518.823 | 127.888 | -16.035 | 307.35 |
Cash From Operating Activities | 28.698 | 28.798 | 29.061 | 29.371 | 28.724 |
Deferred Taxes | 10.365 | 0.143 | -16.869 | 4.783 | -1.3 |
Non-Cash Items | 12.014 | 10.718 | -14.963 | -0.499 | -0.392 |
Cash Taxes Paid | 24.18 | 51.006 | 35.154 | 28.065 | 24.612 |
Cash Interest Paid | 55.063 | 44.395 | 83.854 | 108.405 | 58.578 |
Changes in Working Capital | 173.959 | 254.13 | -38.774 | -193.364 | 142.544 |
Cash From Investing Activities | -2047.21 | -547.357 | -1118.99 | -753.271 | -636.608 |
Capital Expenditures | -52.286 | -31.205 | -45.788 | -36.717 | -20.847 |
Other Investing Cash Flow Items, Total | -1994.93 | -516.152 | -1073.2 | -716.554 | -615.761 |
Cash From Financing Activities | -512.098 | 1460.88 | 2412.77 | 525.226 | 494.765 |
Financing Cash Flow Items | -284.68 | 1990.69 | 2281.51 | 895.53 | 668.966 |
Total Cash Dividends Paid | -62.75 | -55.293 | -52.244 | -49.375 | -44.862 |
Issuance (Retirement) of Stock, Net | 0 | 0.911 | 1.464 | 2.606 | |
Issuance (Retirement) of Debt, Net | -164.668 | -474.512 | 182.598 | -322.393 | -131.945 |
Net Change in Cash | -2143.81 | 1432.35 | 1421.67 | -244.08 | 165.507 |
Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | |
---|---|---|---|---|---|
Net income/Starting Line | 38.478 | 190.469 | 143.974 | 93.304 | 46.25 |
Cash From Operating Activities | -20.848 | 415.505 | 337.412 | 250.928 | 160.536 |
Cash From Operating Activities | 8.411 | 28.698 | 21.541 | 14.427 | 7.296 |
Deferred Taxes | 0.351 | 10.365 | 0.561 | 0.569 | 0.75 |
Non-Cash Items | 5.456 | 12.014 | 7.178 | 4.105 | 2.634 |
Cash Taxes Paid | 0.461 | 24.18 | 14.178 | 11.163 | 0.262 |
Cash Interest Paid | 37.102 | 55.063 | 36.255 | 17.124 | 11.155 |
Changes in Working Capital | -73.544 | 173.959 | 164.158 | 138.523 | 103.606 |
Cash From Investing Activities | -116.198 | -2047.21 | -1823.38 | -1607.58 | -819.202 |
Capital Expenditures | -12.992 | -52.286 | -38.089 | -27.906 | -11.445 |
Other Investing Cash Flow Items, Total | -103.206 | -1994.93 | -1785.29 | -1579.68 | -807.757 |
Cash From Financing Activities | 226.754 | -512.098 | -371.447 | 509.639 | 329.032 |
Financing Cash Flow Items | -210.677 | -284.68 | -163.172 | 421.266 | 197.89 |
Total Cash Dividends Paid | -16.798 | -62.75 | -46.03 | -29.313 | -14.782 |
Issuance (Retirement) of Debt, Net | 454.229 | -164.668 | -162.245 | 117.686 | 145.924 |
Net Change in Cash | 89.708 | -2143.81 | -1857.42 | -847.015 | -329.634 |
Issuance (Retirement) of Stock, Net |
Investor Name | Investor Type | Percent Outstanding | Shares Held | Shares change | Holdings Date | Turnover Rating |
---|---|---|---|---|---|---|
The Vanguard Group, Inc. | Investment Advisor/Hedge Fund | 9.7142 | 7273908 | -138851 | 2023-06-30 | LOW |
BlackRock Institutional Trust Company, N.A. | Investment Advisor | 6.3383 | 4746109 | 29438 | 2023-06-30 | LOW |
T. Rowe Price Investment Management, Inc. | Investment Advisor | 5.2966 | 3966052 | 369767 | 2023-06-30 | LOW |
Dimensional Fund Advisors, L.P. | Investment Advisor/Hedge Fund | 4.9363 | 3696232 | 70535 | 2023-06-30 | LOW |
Lawson (John R. III) | Individual Investor | 2.7652 | 2070527 | -47660 | 2022-03-31 | |
State Street Global Advisors (US) | Investment Advisor/Hedge Fund | 2.4688 | 1848590 | 74579 | 2023-06-30 | LOW |
Nuance Investments, LLC | Investment Advisor | 2.2619 | 1693676 | -127942 | 2023-06-30 | MED |
Geode Capital Management, L.L.C. | Investment Advisor/Hedge Fund | 1.8851 | 1411525 | 36703 | 2023-06-30 | LOW |
American Century Investment Management, Inc. | Investment Advisor/Hedge Fund | 1.7651 | 1321684 | -201644 | 2023-06-30 | LOW |
Charles Schwab Investment Management, Inc. | Investment Advisor | 0.9491 | 710715 | 18581 | 2023-06-30 | LOW |
Goldman Sachs Asset Management, L.P. | Investment Advisor | 0.9233 | 691332 | -86863 | 2023-06-30 | LOW |
Renaissance Technologies LLC | Hedge Fund | 0.8681 | 650041 | 3859 | 2023-06-30 | HIGH |
Norges Bank Investment Management (NBIM) | Sovereign Wealth Fund | 0.7812 | 584953 | 0 | 2022-12-31 | LOW |
Northern Trust Investments, Inc. | Investment Advisor/Hedge Fund | 0.7743 | 579776 | 10582 | 2023-06-30 | LOW |
BlackRock Financial Management, Inc. | Investment Advisor/Hedge Fund | 0.6687 | 500753 | -75837 | 2023-06-30 | LOW |
Fine (Andrew S) | Individual Investor | 0.6019 | 450680 | 432 | 2023-10-13 | LOW |
Nuveen LLC | Pension Fund | 0.5821 | 435903 | -173 | 2023-06-30 | LOW |
Columbia Threadneedle Investments (US) | Investment Advisor/Hedge Fund | 0.5708 | 427421 | -55116 | 2023-06-30 | LOW |
LSV Asset Management | Investment Advisor | 0.558 | 417823 | -37050 | 2023-06-30 | LOW |
Aston (G Robert Jr) | Individual Investor | 0.5567 | 416873 | 4 | 2023-10-19 | LOW |
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Towne Bank Company profile
About TowneBank
Towne Bank is primarily engaged in offering a range of banking and other financial services. The Company operates through three segments: Banking, Realty and Insurance. The Banking segment provides loan and deposit services to retail and commercial customers. The Realty segment provides residential real estate services, resort property management, originations of a variety of mortgage loans, and commercial and residential title insurance. The Insurance segment provides full-service commercial and retail insurance, and employee benefit services. The Company offers an array of business and personal banking solutions. It operates over 40 banking offices throughout Hampton Roads and Central Virginia, as well as Northeastern and Central North Carolina. The Company’s subsidiaries include Towne Investment Group, Towne Wealth Management, Towne Insurance Agency, LLC, Towne Benefits, TowneBank Commercial Mortgage, LLC, Towne 1031 Exchange, LLC and Towne Vacations, LLC.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, TowneBank interest income decreased 4% to $443.5M. Net interest income after loan loss provision increased 12% to $419.1M. Net income increased 48% to $215.4M. Net interest income after loan loss provision reflects Bank segment increase of 25% to $375.9M. Net income benefited from Bank segment income increase of 87% to $169.5M. Dividend per share increased from $0.72 to $0.76.
Equity composition
Common Stock $1.667 Par, 3/11, 45M auth., 28,998,539 issd. Insiders control approx. 15.77%. IPO: N/A. 8/05, 3% stock dividend. 10/07, Exchange changed from OTC Bulletin Board to NASDAQ. Preferred Stock $5.00 Par, 2M auth., 666,000 issd., 05/12, 3% Stock Dividend.
Industry: | Banks (NEC) |
5716 High Street
PORTSMOUTH
VIRGINIA 23703
US
Income Statement
- Annual
- Quarterly
News

December RBA preview: no move expected at the final meeting of 2023
The RBA meets on Tuesday, 5th of December, 2023, at 2.30 PM (AEDT). We preview what to expect from this month’s decision.
14:47, 4 December 2023
CPI drops more than expected in Europe, Spain’s IBEX 35 looking to break pre-COVID highs
CPI drops more than expected in Europe, Spain’s IBEX 35 looking to break pre-COVID highs
12:39, 30 November 2023
Euro Zone CPI expected to continue dropping; economists warn about cutting too soon
EZ PI expected to drop further but speed of decline
08:16, 29 November 2023
A weaker Dollar drives gold higher
Gold prices have returned above $US2000 per ounce. We run through the factors driving gold and the commodity’s key technicals.
13:49, 28 November 2023
Q3 US Earnings Recap: Profits surprise to the upside, but outlook remains uncertain
US earnings for the third quarter were far better than expected. However, uncertainty about the outlook for company profits continues. We review the quarterly earnings and look ahead to what the markets expect from S&P 500 companies going forward.
13:20, 28 November 2023
RBNZ Preview: Rates expected to remain unchanged at final meeting of 2023
The RBNZ meets for the final time this year on Wednesday, 29th of November, 2023. We preview what to expect and how it could impact the New Zealand Dollar.
13:04, 28 November 2023
Crude prices slide on OPEC+ uncertainty
Crude prices have chopped sideways amid signs of turmoil within OPEC+. We look at the fundamentals of the oil market and the technical levels of WTI.
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