Towne Bank (TOWN) Set to Announce Quarterly Earnings on Wednesday

by · The Markets Daily

Towne Bank (NASDAQ:TOWN – Get Free Report) is expected to be issuing its Q3 2026 results before the market opens on Wednesday, October 21st. Analysts expect the company to post earnings of $0.8230 per share and revenue of $250.66 million for the quarter. Interested persons may review the information on the company’s upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Wednesday, October 28, 2026 at 1:45 PM ET.

Towne Bank (NASDAQ:TOWN – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). Towne Bank had a return on equity of 9.60% and a net margin of 25.64%. The firm had revenue of $245.72 million for the quarter, compared to analyst estimates of $245.33 million. On average, analysts expect Towne Bank to post $3.13 EPS for the current fiscal year and $3.48 EPS for the next fiscal year.

Towne Bank Price Performance

Shares of NASDAQ:TOWN opened at $35.20 on Tuesday. The firm has a market capitalization of $2.78 billion, a PE ratio of 9.89 and a beta of 0.71. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 0.04. Towne Bank has a 1-year low of $31.91 and a 1-year high of $39.03. The business’s 50 day moving average is $36.65 and its 200-day moving average is $35.92.

Towne Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, September 25th. This represents a $1.12 dividend on an annualized basis and a yield of 3.2%. Towne Bank’s payout ratio is currently 31.46%.

Analyst Ratings Changes

A number of research firms have recently commented on TOWN. Weiss Ratings downgraded shares of Towne Bank from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, October 2nd. Zacks Research raised shares of Towne Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Towne Bank presently has a consensus rating of “Moderate Buy” and an average price target of $39.50.

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About Towne Bank

(Get Free Report)

TowneBank is a community-focused financial services company headquartered in Portsmouth, Virginia. Through its banking subsidiary, TowneBank provides deposit accounts, consumer and commercial lending, mortgage services, treasury management, online and mobile banking, and other financial products to individuals, families, businesses, and nonprofit organizations.

The company also operates complementary businesses serving the needs of its banking customers, including wealth management, insurance, and real estate services.

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