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    Trade Towne Bank - TOWN CFD

    28.13
    1.88%
    • Summary
    • Historical Data
    • Events
    • Income Statement
    • Balance Sheet
    • Cash Flow
    • Ownership
    Trading Conditions
    Spread 0.08
    Long position overnight fee

    Long position overnight fee

    Margin. Your investment $1,000.00
    Overnight fee -0.026235 %
    Charges from full value of position ($-4.98)
    Trade size with leverage ~ $20,000.00
    Money from leverage ~ $19,000.00
    Go to platform
    		-0.026235%
    Short position overnight fee

    Short position overnight fee

    Margin. Your investment $1,000.00
    Overnight fee 0.004012 %
    Charges from full value of position ($0.76)
    Trade size with leverage ~ $20,000.00
    Money from leverage ~ $19,000.00
    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

    High Medium Low Negligible

    ‘D’ score indicates poor relative ESG performance and insufficient degree of transparency in reporting material ESG data publicly.

    More ESG coverage

    Key Stats
    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 Release

    Forecast

    -

    Previous

    -
    Thursday, April 25, 2024

    Time (UTC)

    12:30

    Country

    US

    Event

    Q1 2024 TowneBank Earnings Release
    Q1 2024 TowneBank Earnings Release

    Forecast

    -

    Previous

    -
    View all events
    • 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.

    12:55, 28 November 2023

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