Towne Bank (TOWN) Expected to Release Quarterly Earnings on Wednesday

Towne Bank (NASDAQ:TOWN) is projected to announce its Q3 2026 results before the market opens on Wednesday, October 21st. Analysts expect Towne Bank to post earnings of $0.8230 per share and revenue of $250.66 million for the quarter. Investors can check the company’s upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Wednesday, October 28, 2026 at 1:45 PM ET.

Towne Bank (NASDAQ:TOWN) last issued its earnings results on Thursday, July 23rd. The bank reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). Towne Bank had a net margin of 25.64% and a return on equity of 9.60%. The business had revenue of $245.72 million for the quarter, compared to the consensus estimate 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

Towne Bank stock opened at $35.47 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.90 and a quick ratio of 0.88. Towne Bank has a one year low of $31.91 and a one year high of $39.03. The firm has a market capitalization of $2.80 billion, a P/E ratio of 9.96 and a beta of 0.71. The business has a fifty day moving average price of $36.69 and a 200-day moving average price of $35.91.

Towne Bank Dividend Announcement

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

Wall Street Analyst Weigh In

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

Towne Bank Company Profile

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.