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Towne Bank

Financial Services US TOWN

33.96USD
0.80(2.41%)

Last update at 2026-06-04T20:00:00Z

Day Range

33.5534.07
LowHigh

52 Week Range

21.2630.54
LowHigh

Fundamentals

  • Previous Close 33.16
  • Market Cap2009.27M
  • Volume496433
  • P/E Ratio13.53
  • Dividend Yield3.69%
  • Revenue TTM670.95M
  • Revenue Per Share TTM8.97
  • Gross Profit TTM 677.14M
  • Diluted EPS TTM1.98

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 237.05M 279.83M 201.33M 176.27M 172.00M
Minority interest 2.05M -9.65100M 16.98M 12.94M 12.89M
Net income 188.99M 215.38M 145.53M 138.78M 133.79M
Selling general administrative 263.92M 278.76M 265.98M 249.22M 232.88M
Selling and marketing expenses 16.00M 13.50M 9.64M 12.28M 11.19M
Gross profit 677.14M 679.00M 662.23M 563.24M 532.00M
Reconciled depreciation 28.70M 28.80M 29.06M 29.37M 28.72M
Ebit 206.87M 270.18M 177.44M 171.38M 248.77M
Ebitda 235.57M 298.98M 206.50M 200.75M 277.49M
Depreciation and amortization 28.70M 28.80M 29.06M 29.37M 28.72M
Non operating income net other -2.04400M 0.50M 0.82M - -
Operating income 206.87M 270.18M 177.44M 171.38M 248.77M
Other operating expenses 440.09M 408.81M 484.80M 391.86M 283.23M
Interest expense 56.57M 41.08M 80.02M 109.47M 80.75M
Tax provision 46.58M 54.80M 31.90M 32.60M 34.23M
Interest income 517.94M 443.45M 460.16M 467.82M 421.82M
Net interest income 461.37M 402.37M 380.14M 358.36M 341.07M
Extraordinary items - - - - -0.69600M
Non recurring 4.45M 5.30M 5.74M - -
Other items - - - - -
Income tax expense 46.58M 54.80M 31.90M 32.60M 34.23M
Total revenue 686.38M 679.00M 662.23M 563.24M 532.00M
Total operating expenses -440.08900M -408.81500M -484.79800M -391.86100M -283.23100M
Cost of revenue 9.24M - - - 89.29M
Total other income expense net 30.18M 9.65M 23.90M 4.89M -76.76900M
Discontinued operations - - - - -
Net income from continuing ops 14.39M 225.03M 169.43M 143.67M 137.77M
Net income applicable to common shares 12.34M 215.38M 145.53M 138.78M 133.79M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 16835.04M 15845.27M 16361.39M 14626.44M 11947.66M
Intangible assets 64.63M 43.16M 50.38M 45.53M 54.40M
Earning assets - - - - 2285.81M
Other current assets 1129.27M 505.72M 8513.16M 9244.70M 7839.26M
Total liab 14779.16M 252.09M 405.02M 705.09M 720.14M
Total stockholder equity 2039.97M 1873.96M 1899.31M 1766.85M 1640.76M
Deferred long term liab - 18.75M 20.08M 10.33M -
Other current liab 11100.32M 37.55M 40.12M 37.89M 10058.45M
Common stock 124.85M 121.43M 121.16M 121.13M 121.11M
Capital stock 124.85M 121.43M 121.16M 121.13M 121.11M
Retained earnings 921.13M 840.78M 716.61M 557.89M 467.19M
Other liab - 261.10M 389.77M 249.56M 199.33M
Good will 456.33M 458.48M 457.19M 452.33M 446.82M
Other assets - 14808.07M 8513.16M 9244.70M 7839.26M
Cash 1128.36M 1152.83M 3296.64M 1864.29M 442.62M
Cash and equivalents - - - - -
Total current liabilities 11133.15M 71.71M 13650.42M 11953.52M 10058.45M
Current deferred revenue - - - - -
Net debt -635.77700M -875.73600M -2891.61700M -1159.19400M 277.53M
Short term debt 32.83M - - - 365.00M
Short long term debt - - - - 365.00M
Short long term debt total 492.58M 277.09M 405.02M 705.09M 720.14M
Other stockholder equity 1112.76M 1052.26M 1050.95M 1046.64M 1041.16M
Property plant equipment - 113.85M 270.77M 320.58M 279.32M
Total current assets 1129.27M 152.62M 5102.82M 3232.51M 1883.92M
Long term investments 2620.64M 2395.72M 1967.07M 1391.13M 1491.46M
Net tangible assets - 65.52M 1391.75M 1268.99M 1139.54M
Short term investments 2129.34M 1840.90M 1806.18M 1368.22M 1441.31M
Net receivables - 62.43M 59.08M 61.58M -
Long term debt 459.75M 524.44M 405.02M 705.09M 720.14M
Inventory - 0.56M 4.58M 5.03M 15.36M
Accounts payable - 34.16M 13573.63M 11573.17M 9270.92M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - 3.56M 3.33M 3.49M -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -118.76200M -140.50500M 10.60M 41.18M 11.30M
Additional paid in capital - - - - -
Common stock total equity - 0.35M 0.34M 121.13M 121.11M
Preferred stock total equity - - - - -
Retained earnings total equity - -244.29800M -256.63500M -272.60200M -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 788.92M -2317.59300M -2745.40700M -2149.23400M -2224.47900M
Deferred long term asset charges - - - - -
Non current assets total 15705.77M 884.57M 2745.41M 2149.23M 2224.48M
Capital lease obligations - - - - -
Long term debt total - 524.44M 541.52M 543.43M 248.46M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Investments -350.21100M 0.97M -547.35700M -1118.99100M -753.27100M
Change to liabilities - -7.15800M 9.12M -0.21200M 0.00000M
Total cashflows from investing activities - -37.76400M -547.35700M -1118.99100M -779.61900M
Net borrowings - -18.85000M -474.51200M 182.60M -322.39300M
Total cash from financing activities 149.90M -512.09800M 1460.88M 2412.77M 525.23M
Change to operating activities - -75.99700M 86.91M 22.88M 30.87M
Net income 155.14M 190.47M 225.03M 169.43M 143.67M
Change in cash -24.47300M -2143.80600M 1432.35M 1421.67M -244.08000M
Begin period cash flow 1152.83M 3296.64M 1864.29M 442.62M 686.70M
End period cash flow 1128.36M 1152.83M 3296.64M 1864.29M 442.62M
Total cash from operating activities 161.30M 415.50M 518.82M 127.89M -16.03500M
Issuance of capital stock - 0.00000M 0.00000M 0.91M 1.46M
Depreciation 34.22M 28.70M 28.80M 29.06M 29.37M
Other cashflows from investing activities - -22.90400M 22.47M 19.95M 22.56M
Dividends paid 71.38M 62.75M 55.29M 52.24M 49.38M
Change to inventory - - - - -
Change to account receivables -8.49300M -14.01800M 3.02M 1.30M -0.04600M
Sale purchase of stock - 0.56M -69.90100M 0.05M -1.46400M
Other cashflows from financing activities 222.52M -73.60100M 1516.18M 2464.11M 896.99M
Change to netincome - 6.71M 184.12M -71.49300M -189.26600M
Capital expenditures 44.13M 52.29M 31.20M 45.79M 36.72M
Change receivables - -7.18500M -3.07000M 0.17M -
Cash flows other operating - 22.50M -3.84400M -2.06300M -
Exchange rate changes - - - - -
Cash and cash equivalents changes - -7.08600M -32.72400M -1.43800M -
Change in working capital 6.52M -90.01500M 89.93M 24.19M -5.08600M
Stock based compensation 7.02M 5.22M 6.63M 5.48M 5.34M
Other non cash items -38.28100M 270.77M 168.29M -83.40700M -194.12200M
Free cash flow 117.17M 363.22M 487.62M 82.10M -52.75200M

Peer Comparison

Sector: Financial Services Industry: Banks - Regional

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x)
TOWN
Towne Bank		 0.80 2.41% 33.96 13.53 - 2.93 0.97
HDB
HDFC Bank Limited ADR		 0.48 2.04% 24.03 20.81 20.96 0.11 4.77
CIHKY
China Merchants Bank Co Ltd		 0.04 0.15% 30.44 7.78 7.65 0.56 0.90 3.62
DBSDF
DBS Group Holdings Ltd		 1.22 2.50% 50.10 15.29 14.41 5.84 2.36 10.40
CIHHF
China Merchants Bank Co Ltd Class H		 - -% 5.92 6.10 5.67 0.44 0.77 3.43

Reports Covered

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Profile

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.

Towne Bank

5716 High Street, Portsmouth, VA, United States, 23703

Key Executives

Name Title Year Born
Mr. G. Robert Aston Jr. Exec. Chairman 1945
Mr. J. Morgan Davis CEO & Director 1951
Mr. Brad E. Schwartz CPA Pres, COO & Director 1963
Mr. William B. Littreal Sr. EVP, CFO & Director of Investor Relations 1970
Mr. William I. Foster III Pres of Central Virginia & the Carolinas and Director 1956
Ms. Dawn S. Glynn Pres & Chief Experience Officer 1968
Mr. Kevin L. Fly Sr. EVP & Chief Accounting Officer 1966
Mr. Denys J. Diaz Chief Information Officer 1967
Mr. George P. Whitley Sr. EVP & Chief Legal Officer 1953
Mr. Scott V. Williams Exec. VP and Director of Marketing & Member Experience NA

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