TOWN

TowneBank

$34.13

0.2

(0.59%)

Exchange:	NASDAQ
Market Cap:	2.565B
Shares Outstanding:	12.922M

Overview

Earnings

Financials

Valuation

Chart

About The Company

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, vacations rental, 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 headquartered in Portsmouth, Virginia.

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Revenue Segmentation

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EPS

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Earnings Call

No transcript or summary available for this symbol.

Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Income Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Revenue	297,184	373,185	448,404	532,001	563,240	662,233	678,996	686,376	675,443	692,507
? Cost Of Revenue	0	0	0	0	0	0	0	9,237	-266,141	0
? Gross Profit	297,184	373,185	448,404	532,001	563,240	662,233	678,996	677,139	941,584	692,507
? Research And Development Expenses	0	0	0	0	0	0	0	0	0	0
? General And Administrative Expenses	133,633	167,269	196,404	232,881	249,222	265,979	278,760	263,918	289,829	305,900
? Selling And Marketing Expenses	7,515	8,443	9,867	11,194	12,279	9,643	13,504	15,997	15,390	15,627
? Operating Expenses	-175,495	-241,497	-261,945	-283,231	-391,861	-484,798	-408,815	-440,089	695,088	692,507
? Net Interest Income	0	0	0	0	0	0	0	0	0	442,605
? Interest Income	212,873	254,616	305,104	421,823	467,825	460,159	443,453	517,936	705,242	774,528
? Interest Expense	32,431	35,740	43,983	80,750	109,470	80,015	41,084	56,571	247,462	331,923
? Depreciation And Amortization	16,147	20,552	23,556	27,620	28,440	29,061	28,798	28,698	34,224	35,067
? EBITDA	108,688	121,465	170,553	200,725	205,641	230,394	310,961	265,748	220,445	0
? EBIT										-35,067
? Operating Income	121,689	131,688	186,459	248,770	171,379	177,435	270,181	206,870	283,846	0
? Income Before Tax	92,541	100,913	147,602	172,001	176,270	201,333	279,832	237,050	186,221	190,382
? Income Tax Expense	26,876	28,698	54,813	34,227	32,596	31,900	54,798	46,581	31,085	27,649
? Net Income From Continuing Operations										162,733
? Net Income	62,382	67,250	87,663	133,793	138,783	145,535	215,383	188,987	153,715	161,757
? EPS (Earnings Per Share)	1.220	1.180	1.410	1.880	1.930	2.010	2.970	2.600	2.060	2.160
? EPS Diluted	1.220	1.180	1.410	1.880	1.920	2.010	2.970	2.600	2.060	2.150
? Weighted Average Shares Outstanding	51,064.719	56,837.018	62,168.455	71,148.230	72,063.150	72,293.686	72,479.236	72,556.546	74,645.906	74,929.641
? Weighted Average Shares Outstanding Diluted	51,161.241	56,837.018	62,394.282	71,293.129	72,189.030	72,348.335	72,563.077	72,577.943	74,661.576	75,225.825
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Balance Sheet

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Cash And Cash Equivalents	251,837	136,548	504,879	686,696	442,616	1,864,287	3,296,636	1,152,830	189,001	1,339,475
? Short Term Investments	723,489	812,974	867,654	1,095,339	1,441,308	1,368,224	1,806,183	1,840,902	0	2,353,365
? Cash And Short Term Investments	975,326	949,522	1,372,533	1,782,035	1,883,924	3,232,511	5,102,819	152,625	189,001	3,692,840
? Net Receivables	0	0	0	0	0	0	0	0	0	0
? Accounts Receivables										0
? Inventory	0	0	0	0	0	0	0	0	0	0
? Total Current Assets	5,149,350	6,593,117	7,089,500	9,308,090	1,883,924	3,232,511	5,102,819	152,625	189,001	3,692,840
? Property Plant Equipment Net	173,695	198,568	194,900	211,796	231,806	260,242	270,772	304,802	337,598	368,876
? Goodwill	154,842	264,910	270,250	433,658	446,816	452,328	457,187	458,482	456,335	457,619
? Intangible Assets	26,153	37,856	38,568	58,752	54,399	45,533	50,379	43,163	64,634	60,171
? Long Term Investments	792,534	879,464	928,958	1,150,734	1,491,458	1,391,131	1,967,069	2,395,718	0	2,577,740
? Total Non Current Assets	1,147,224	1,380,798	1,432,676	1,854,940	2,224,479	2,149,234	2,745,407	884,572	16,646,038	13,554,050
? Total Assets	6,296,574	7,973,915	8,522,176	11,163,030	11,947,663	14,626,444	16,361,387	15,845,267	16,835,039	17,246,890
? Account Payables	0	0	0	0	0	0	0	0	0	0
? Short Term Debt	0	0	0	0	0	0	87,985	76,309	0	0
? Deferred Revenue	0	0	0	0	0	0	0	0	0	0
? Total Current Liabilities	0	4,502,953	4,420,399	6,420,132	6,965,598	9,574,524	11,774,364	12,561,573	0	0
? Long Term Debt	429,080	687,511	774,119	1,047,176	720,145	587,945	405,019	277,094	259,754	263,219
? Deferred Revenue Non Current	0	0	0	0	0	657,154	368,185	-46,732	0	0
? Deferred Tax Liabilities Non Current	0	0	0	0	0	47,939	36,834	46,732	0	0
? Total Non Current Liabilities	429,080	687,511	774,119	1,047,176	720,145	705,093	405,019	252,094	1,382,028	0
? Total Liabilities	5,476,380	6,887,357	7,379,671	9,624,610	720,145	705,093	405,019	252,094	14,779,161	15,091,263
? Treasury Stock										0
? Preferred Stock	0	0	0	0	0	0	0	0	0	0
? Common Stock	86,026	104,174	104,403	120,801	121,107	121,132	121,164	121,426	124,847	125,455
? Retained Earnings	192,795	229,503	282,729	379,239	467,186	557,889	716,605	840,777	921,126	1,007,775
? Additional Paid In Capital										1,122,147
? Total Stockholders Equity	810,921	1,075,102	1,131,240	1,525,526	1,640,755	1,766,847	1,899,314	1,873,960	2,039,972	2,139,332
? Total Equity	820,194	1,086,558	1,142,505	1,538,420	1,653,694	1,783,828	1,916,174	1,888,757	2,055,878	2,155,627
? Minority Interest	9,273	11,456	11,265	12,894	12,939	16,981	16,860	14,797	15,906	16,295
? Total Liabilities And Total Equity	6,296,574	7,973,915	8,522,176	11,163,030	11,947,663	14,626,444	16,361,387	15,845,267	16,835,039	17,246,890
? Total Investments	1,516,023	1,692,438	1,796,612	2,246,073	2,932,766	2,759,355	3,773,252	4,236,620	4,749,984	4,931,105
? Total Debt	429,080	687,511	774,119	1,047,176	720,145	705,093	405,019	277,094	459,754	263,219
? Net Debt	177,243	550,963	269,240	360,480	277,529	-1,159,194	-2,891,617	-875,736	-668,603	-1,076,256
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Cash Flow Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Net Income	65,665	72,215	92,789	137,774	143,674	169,433	225,034	190,469	155,136	162,733
? Depreciation And Amortization	16,147	20,552	24,500	28,724	29,371	29,061	28,798	28,698	34,224	35,067
? Deferred Income Tax	3,671	3,154	570	-1,300	4,783	-16,869	143	10,365	-3,319	-11,629
? Stock Based Compensation	1,917	2,162	2,706	2,905	5,345	5,481	5,635	5,216	7,022	7,873
? Change In Working Capital	24,162	12,633	678	42,692	-5,086	24,189	89,926	-90,015	6,522	2,553
? Accounts Receivables	-4,247	-3,766	-2,213	-10,579	-46	1,305	3,018	-14,018	-8,493	1,788
? Inventory	0	0	0	0	0	0	0	0	0	0
? Accounts Payables	499	646	5,720	3,224	1,065	-3,840	-3,311	1,508	17,007	-2,329
? Net Cash Provided By Operating Activities	81,087	185,039	124,768	307,350	-16,035	127,888	518,823	415,505	161,304	138,356
? Investments In Property Plant And Equipment	-23,315	-18,055	-13,445	-20,847	-36,717	-45,788	-31,205	-52,286	-44,135	-57,265
? Acquisitions Net	241,332	61,930	-11,469	61,100	-19,747	9,388	-26,078	-2,418	17,776	-10,075
? Purchases Of Investments	-515,713	-980,093	-1,139,306	-961,298	-782,103	-454,302	-839,023	-890,252	-244,643	-563,951
? Sales Maturities Of Investments	626,394	893,927	1,086,363	911,772	469,502	564,536	202,901	179,020	208,384	537,654
? Net Cash Provided By Investing Activities	0	0	0	0	0	0	0	0	0	-202,766
? Net Debt Issuance	0	0	0	0	0	0	0	0	0	-196,544
? Long Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	2,600
? Short Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	-199,144
? Net Stock Issuance	0	0	0	0	0	0	0	0	0	3,584
? Net Dividends Paid	-21,985	-30,542	-34,437	-44,862	-49,375	-52,244	-55,293	-62,750	-71,381	-75,017
? Common Dividends Paid										-75,017
? Preferred Dividends Paid	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Financing Activities	55,218	200,795	452,945	494,765	525,226	2,412,774	1,460,883	-512,098	149,898	275,528
? Effect Of Forex Changes On Cash	0	0	0	0	0	0	0	0	0	0
? Net Change In Cash	37,832	-115,289	368,331	165,507	-244,080	1,421,671	1,432,349	-2,143,806	-24,473	211,118
? Cash At End Of Period	251,837	136,548	504,879	686,696	442,616	1,864,287	3,296,636	1,152,830	1,128,357	1,339,475
? Cash At Beginning Of Period	214,005	251,837	136,548	521,189	686,696	442,616	1,864,287	3,296,636	1,152,830	1,128,357
? Operating Cash Flow	81,087	185,039	124,768	307,350	-16,035	127,888	518,823	415,505	161,304	138,356
? Capital Expenditure	-23,315	-18,055	-13,445	-20,847	-36,717	-45,788	-31,205	-52,286	-44,135	-57,265
? Free Cash Flow	57,772	166,984	111,323	286,503	-52,752	82,100	487,618	363,219	117,169	81,091
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Analyst Estimates

(* All numbers are in thousands)

Fiscal Year	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Estimated Revenue (Low)	445,571.163	536,587.248	561,694.823	625,773.106	674,105.494	685,584.338	698,973.291	677,426.866	783,965.022	861,099.384
Estimated Revenue (High)	454,009.771	546,749.597	572,332.681	637,624.534	686,872.281	700,965.476	701,884.304	696,878.270	806,475.526	885,824.698
Estimated Revenue (Avg)	448,644.400	540,288.250	565,569	630,089.250	678,755	693,100	700,433.800	689,629.500	798,086.750	876,610.550
Estimated Ebitda (Low)	168,792.419	224,654.078	249,189.872	185,890.729	230,771.988	253,849.185	279,234.103	255,325.807	295,480.607	324,552.960
Estimated Ebitda (High)	253,188.628	336,981.118	373,784.809	278,836.097	346,157.984	380,773.780	418,851.157	262,657.145	303,964.936	333,872.063
Estimated Ebitda (Avg)	210,990.524	280,817.598	311,487.341	232,363.414	288,464.986	317,311.483	349,042.630	259,925.045	300,803.162	330,399.202
Estimated Net Income (Low)	69,546.494	108,189.373	111,214.978	93,230.511	145,196.829	159,716.510	122,971.998	153,341.440	183,936.261	236,647.334
Estimated Net Income (High)	104,319.741	162,284.059	166,822.467	139,845.768	217,795.244	239,574.766	184,458.001	159,097.101	211,331.086	245,529.075
Estimated Net Income (Avg)	86,933.118	135,236.716	139,018.723	116,538.140	181,496.037	199,645.639	153,715	156,219.271	196,794	242,823.750
Estimated SGA Expense (Low)	165,202.262	196,933.756	210,238.277	181,296.130	207,513.448	228,264.791	251,091.268	294,086.165	340,336.763	373,822.516
Estimated SGA Expense (High)	247,803.395	295,400.635	315,357.415	271,944.195	311,270.173	342,397.188	376,636.905	302,530.454	350,109.076	384,556.328
Estimated SGA Expense (Avg)	206,502.829	246,167.196	262,797.846	226,620.163	259,391.811	285,330.990	313,864.087	299,383.601	346,467.321	380,556.260
Estimated EPS (Avg)	1.580	1.980	1.880	1.760	2.920	2.680	2.180	2.100	2.650	3.240
Estimated EPS (High)	1.600	2.010	1.910	1.780	2.970	2.720	2.200	2.130	2.830	3.290
Estimated EPS (Low)	1.560	1.960	1.860	1.740	2.900	2.640	2.160	2.050	2.460	3.170
Number of Analysts (Estimated Revenue)	3	3	2	3	3	2	4	3	2	3
Number of Analysts (Estimated EPS)	2	2	3	2	2	3	4	3	3	3

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Current Key Metrics

?	Revenue (TTM) :	1.02B	?	P/S (TTM) :	2.39
?	Net Income (TTM) :	161.757M	?	P/E (TTM) :	13.88
?	Enterprise Value (TTM) :	1.433B	?	EV/FCF (TTM) :	8.76
?	Dividend Yield (TTM) :	0.03	?	Payout Ratio (TTM) :	0.42
?	ROE (TTM) :	0.08	?	ROIC (TTM) :	0.06
?	Net Debt (TTM) :	240.706M	?	Debt/Equity (TTM) :	0.13
?	P/B (TTM) :	1.12	?	Current Ratio (TTM) :	0.09

Forward P/E Ratios

?

Forward P/E calculated based on:

Forward P/E 1Y	Forward P/E 2Y	Forward P/E 3Y	Forward P/E 4Y	Forward P/E 5Y
21.47	17.14	18.05	19.28	11.62

SWOT Analysis

No SWOT analysis available for this stock.

TOWN

0.59

3.8

0.59

-3.37

-1.3

28.12

94.14

Trading Metrics:

Open:	34.08	Previous Close:	33.93
Day Low:	34.08	Day High:	34.48
Year Low:	26.17	Year High:	38.28
Price Avg 50:	33.51	Price Avg 200:	34.37
Volume:	235631	Average Volume:	267525

Relevant news

06-02-2025 13:21

Why TowneBank (TOWN) Might be Well Poised for a Surge

TOWN

TowneBank

About The Company

Revenue Segmentation

EPS

Earnings Call

Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Current Key Metrics

Forward P/E Ratios

SWOT Analysis

Relevant news

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