View Future GrowthTowneBank 過去の業績過去 基準チェック /06TowneBankの収益は年間平均-5.8%の割合で減少していますが、 Banks業界の収益は年間 増加しています。収益は年間2.8% 3.1%割合で 増加しています。 TowneBankの自己資本利益率は5.8%であり、純利益率は19%です。主要情報-5.83%収益成長率-7.27%EPS成長率Banks 業界の成長11.18%収益成長率3.10%株主資本利益率5.79%ネット・マージン19.02%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • Apr 24First quarter 2026 earnings: EPS in line with expectations, revenues disappointFirst quarter 2026 results: EPS: US$0.45 (down from US$0.67 in 1Q 2025). Revenue: US$246.1m (up 30% from 1Q 2025). Net income: US$41.0m (down 19% from 1Q 2025). Profit margin: 17% (down from 27% in 1Q 2025). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.お知らせ • Apr 24Townebank Reports Net Charge Offs for the First Quarter Ended March 31, 2026TowneBank reported net charge offs for the first quarter ended March 31, 2026. For the period, the company reported net loan charge-offs of $1,690,000 compared to $626,000 a year ago.Reported Earnings • Mar 03Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: US$2.22 (up from US$2.15 in FY 2024). Revenue: US$811.8m (up 17% from FY 2024). Net income: US$169.5m (up 5.1% from FY 2024). Profit margin: 21% (down from 23% in FY 2024). Net interest margin (NIM): 3.42% (up from 2.90% in FY 2024). Cost-to-income ratio: 70.2% (down from 70.8% in FY 2024). Non-performing loans: 0.09% (up from 0.06% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Reported Earnings • Jan 29Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: US$2.22 (up from US$2.16 in FY 2024). Revenue: US$811.8m (up 17% from FY 2024). Net income: US$169.5m (up 4.8% from FY 2024). Profit margin: 21% (down from 23% in FY 2024). Net interest margin (NIM): 3.42% (up from 2.90% in FY 2024). Cost-to-income ratio: 63.5% (down from 70.8% in FY 2024). Non-performing loans: 0.09% (up from 0.06% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Jan 29TowneBank Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2025TowneBank reported Net charge-offs for the fourth quarter ended December 31, 2025. For the quarter, the company reported Net charge-offs of $1,948,000 against $382,000 a year ago.Reported Earnings • Oct 23Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: US$0.51 (down from US$0.57 in 3Q 2024). Revenue: US$200.4m (up 14% from 3Q 2024). Net income: US$39.0m (down 9.2% from 3Q 2024). Profit margin: 20% (down from 25% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.すべての更新を表示Recent updatesRecent Insider Transactions • May 03Insider recently bought US$503k worth of stockOn the 28th of April, J. Perry bought around 14k shares on-market at roughly US$35.95 per share. This transaction amounted to 83% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$2.5m more in shares than they have sold in the last 12 months.Reported Earnings • Apr 24First quarter 2026 earnings: EPS in line with expectations, revenues disappointFirst quarter 2026 results: EPS: US$0.45 (down from US$0.67 in 1Q 2025). Revenue: US$246.1m (up 30% from 1Q 2025). Net income: US$41.0m (down 19% from 1Q 2025). Profit margin: 17% (down from 27% in 1Q 2025). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.お知らせ • Apr 24Townebank Reports Net Charge Offs for the First Quarter Ended March 31, 2026TowneBank reported net charge offs for the first quarter ended March 31, 2026. For the period, the company reported net loan charge-offs of $1,690,000 compared to $626,000 a year ago.New Risk • Apr 23New major risk - Revenue and earnings growthEarnings have declined by 5.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.8% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (23% increase in shares outstanding).Seeking Alpha • Apr 23Q1 Justifies Wait-And-See Approach For TowneBankSummary TowneBank reported Q1 2026 results below expectations, with adjusted EPS of $0.74 and revenue of $246.5M, missing consensus estimates. I maintain a Hold rating on TOWN, as its attractive geographic footprint and growth via acquisitions are largely reflected in its current valuation. Recent M&A, including Dogwood State Bank, drove asset and deposit growth but increased integration risks and pressured tangible book value and asset quality metrics. TOWN's forward P/E is just below the sector median, but recurring one-time expenses and an elevated price-to-TBV ratio limit upside potential. Read the full article on Seeking Alphaお知らせ • Apr 15TowneBank, Annual General Meeting, May 20, 2026TowneBank, Annual General Meeting, May 20, 2026. Location: virginia beach convention center, 1000 19th street, virginia beach, virginia., virginia beach. United StatesUpcoming Dividend • Mar 24Upcoming dividend of US$0.27 per shareEligible shareholders must have bought the stock before 31 March 2026. Payment date: 10 April 2026. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of American dividend payers (4.4%). Higher than average of industry peers (2.6%).Reported Earnings • Mar 03Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: US$2.22 (up from US$2.15 in FY 2024). Revenue: US$811.8m (up 17% from FY 2024). Net income: US$169.5m (up 5.1% from FY 2024). Profit margin: 21% (down from 23% in FY 2024). Net interest margin (NIM): 3.42% (up from 2.90% in FY 2024). Cost-to-income ratio: 70.2% (down from 70.8% in FY 2024). Non-performing loans: 0.09% (up from 0.06% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.New Risk • Mar 03New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (23% increase in shares outstanding).Declared Dividend • Mar 01Fourth quarter dividend of US$0.27 announcedShareholders will receive a dividend of US$0.27. Ex-date: 31st March 2026 Payment date: 10th April 2026 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (48% payout ratio) and is expected to be well covered in 3 years' time (29% forecast payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 62% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 25TowneBank Declares First-Quarter Cash Dividend, Payable on April 10, 2026TowneBank announced that its Board of Directors declared its first-quarter shareholder cash dividend of $0.27 per common share payable on April 10, 2026, to shareholders of record on March 31, 2026.お知らせ • Feb 03TowneBank Appoints Richard Cullen to its Board of DirectorsTowneBank announced the appointment of Richard Cullen to its Board of Directors. Mr. Cullen has enjoyed a distinguished legal career with decades of experience in both public service and private practice. Most recently, Mr. Cullen served as Counselor to Governor Glenn Youngkin during his term in office from 2022 to 2026. Other notable public service positions include his appointment in 1997 by Governor George Allen to serve as Attorney General of Virginia and his appointment in 1991 by President George H.W. Bush to serve as United States Attorney for the Eastern District of Virginia. Mr. Cullen spent his career in private law practice at McGuireWoods, LLP, a firm that traces its roots back to 1834 and which has grown to approximately 1,000 lawyers with offices throughout the U.S. and in London. Prior to joining Governor Youngkin’s administration, Mr. Cullen served as Chairman of McGuireWoods for over a decade. In February, Mr. Cullen will become a partner in Torridon Law PLLC, a law firm based in Washington, D.C. Mr. Cullen resides in Richmond, Virginia with his wife, Aggie Tullidge Cullen. They are parents of four adult children, including United States District Court Judge Thomas T. Cullen of Roanoke, Virginia.New Risk • Jan 29New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.Reported Earnings • Jan 29Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: US$2.22 (up from US$2.16 in FY 2024). Revenue: US$811.8m (up 17% from FY 2024). Net income: US$169.5m (up 4.8% from FY 2024). Profit margin: 21% (down from 23% in FY 2024). Net interest margin (NIM): 3.42% (up from 2.90% in FY 2024). Cost-to-income ratio: 63.5% (down from 70.8% in FY 2024). Non-performing loans: 0.09% (up from 0.06% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Jan 29TowneBank Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2025TowneBank reported Net charge-offs for the fourth quarter ended December 31, 2025. For the quarter, the company reported Net charge-offs of $1,948,000 against $382,000 a year ago.お知らせ • Jan 13TowneBank (NasdaqGS:TOWN) completed the acquisition of Dogwood State Bank (OTCPK:DSBX).TowneBank (NasdaqGS:TOWN) signed a definitive merger agreement to acquire Dogwood State Bank (OTCPK:DSBX) for approximately $500 million on August 18, 2025. Under the terms of the merger agreement, common shareholders of Dogwood will receive a fixed exchange ratio of 0.700 shares of TowneBank common stock for each outstanding share of Dogwood common stock. This implies a deal value per share of $25.04 or approximately $476.2 million. Steve Jones will continue in a key leadership role within the combined company and will join TowneBank as President of its North Carolina and South Carolina banking operations, and be a member of the TowneBank Corporate Management team. Steven W. Jones, the former chief executive officer of Dogwood, will continue in a key leadership role with the combined company and join TowneBank as President of the Carolinas, serving as a member of the TowneBank Corporate Management Group. Mr. Jones and George (Robin) Perkins, a former director of Dogwood, were appointed to the TowneBank Board of Directors. The definitive agreement was approved by the boards of directors of TowneBank and Dogwood. The transaction is subject to customary conditions, including regulatory approval, as well as the approval of Dogwood’s shareholders. The transaction is expected to close in the first quarter of 2026. As on January 12, 2026, the transaction has been approved by the TowneBank shareholders and received regulatory approval. Raymond James & Associates, Inc. served as the financial advisor and Wachtell, Lipton, Rosen & Katz served as legal counsel to TowneBank. Piper Sandler & Co. served as the financial advisor and David F. Paulson, Benjamin A. McCall, Scott H. Richter, Nona K. Massengill, Lee G. Lester, Anna K. Derewenda and J. Conrad Garcia of Williams Mullen served as legal counsel to Dogwood. Mark Kanaly, Stuart Rogers of Alston & Bird, LLP represented Raymond James & Associates, Inc. as financial advisor. TowneBank (NasdaqGS:TOWN) completed the acquisition of Dogwood State Bank (OTCPK:DSBX) on January 12, 2026. As a part of acquisition Dogwood locations will operate as "Dogwood State Bank, a Division of TowneBank" until November 2026, when the core systems and operations of Dogwood are scheduled to be converted into those of TowneBank.Upcoming Dividend • Dec 19Upcoming dividend of US$0.27 per shareEligible shareholders must have bought the stock before 26 December 2025. Payment date: 07 January 2026. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of American dividend payers (4.4%). Higher than average of industry peers (2.3%).Declared Dividend • Nov 28Third quarter dividend of US$0.27 announcedShareholders will receive a dividend of US$0.27. Ex-date: 26th December 2025 Payment date: 7th January 2026 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (46% payout ratio) and is expected to be well covered in 3 years' time (30% forecast payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 63% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Nov 27TowneBank Announces Cash Dividend for the Fourth-Quarter of 2025, Payable on January 7, 2026TowneBank announced that its Board of Directors declared its fourth-quarter of 2025 shareholder cash dividend of $0.27 per common share payable on January 7, 2026, to shareholders of record on December 26, 2025.Recent Insider Transactions • Nov 25Senior Executive VP & CFO recently bought US$350k worth of stockOn the 20th of November, William Littreal bought around 11k shares on-market at roughly US$32.29 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. William has been a buyer over the last 12 months, purchasing a net total of US$168k worth in shares.Reported Earnings • Oct 23Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: US$0.51 (down from US$0.57 in 3Q 2024). Revenue: US$200.4m (up 14% from 3Q 2024). Net income: US$39.0m (down 9.2% from 3Q 2024). Profit margin: 20% (down from 25% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.お知らせ • Oct 23TowneBank Reports Unaudited Net Loan Charge-Offs for the Third Quarter Ended September 30, 2025TowneBank reported unaudited net loan charge-offs for the third quarter ended September 30, 2025. For the quarter, the company reported net loan charge-offs of $254,000 against $677,000 in the prior year quarter.Upcoming Dividend • Sep 22Upcoming dividend of US$0.27 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 October 2025. Payout ratio is a comfortable 44% and the cash payout ratio is 79%. Trailing yield: 3.0%. Lower than top quartile of American dividend payers (4.4%). Higher than average of industry peers (2.4%).お知らせ • Sep 03TowneBank (NasdaqGS:TOWN) completed the acquisition of Old Point Financial Corporation (NasdaqCM:OPOF).TowneBank (NasdaqGS:TOWN) signed a definitive agreement and plan of merger to acquire Old Point Financial Corporation (NasdaqCM:OPOF) for approximately $200 million on April 2, 2025. Under the terms of the agreement, shareholders of Old Point will elect to receive either $41.00 in cash or 1.1400 shares of TowneBank common stock for each share of Old Point outstanding common stock. This corresponds to an aggregate transaction value of approximately $203 million, based on Old Point common stock currently outstanding. Old Point shareholders will have the right to elect cash or stock consideration so long as the total stock consideration issued represents between 50% and 60% of the total consideration paid. In consideration of the transaction, extensive due diligence was performed by the management teams of TowneBank and Old Point. The transaction is expected to close in the second half of 2025 and is subject to customary conditions, authorization for listing on Nasdaq of the shares of TowneBank common stock to be issued in the Merger, HSR act, including regulatory approval, as well as the approval of Old Point’s shareholders. The definitive agreement was approved by the boards of directors of Old Point and TowneBank. A termination fee of $8.2 million will be payable by Old Point in the event that the Merger Agreement is terminated under certain circumstances. On July 2, 2025 Old Point Announces Shareholder Approval for Merger. As on August 14, 2025, the transaction had received regulatory approval from the Federal Deposit Insurance Corporation and the Bureau of Financial Institutions of the Virginia State Corporation Commission and expect to close on or about September 1, 2025, subject to the satisfaction of customary closing conditions. Piper Sandler & Co. served as the financial advisor and Matthew M. Guest, Richard K. Kim, Ledina Gocaj, Michael J. Schobel, Damian G. Didden, Joshua M. Holmes and Eric M. Feinstein of Wachtell, Lipton, Rosen & Katz served as legal advisor with Williams Mullen as local advisor to TowneBank in the transaction. Keefe, Bruyette & Woods served as the financial advisor as well as provided fairness opinion and Seth A. Winter, Gregory Parisi,Mark Goldsmith and David Kaplan of Troutman Pepper Locke LLP served as legal advisor to Old Point in the transaction. Laurel Hill Advisory Group, LLC acted as information agent to Old Point. Old Point has retained Laurel Hill Advisory Group and will pay Laurel Hill Advisory Group a fee of $7,000 plus reimbursement of certain costs and expenses. Computershare, Inc. acted as transfer agent to Old Point. Old Point agreed to pay KBW a total cash fee equal to 1.50% of the aggregate merger consideration, $500,000 of which became payable to KBW with the rendering of its opinion. TowneBank (NasdaqGS:TOWN) completed the acquisition of Old Point Financial Corporation (NasdaqCM:OPOF) on September 1, 2025.Declared Dividend • Aug 31Second quarter dividend of US$0.27 announcedShareholders will receive a dividend of US$0.27. Ex-date: 29th September 2025 Payment date: 10th October 2025 Dividend yield will be 2.8%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (44% payout ratio) and is expected to be well covered in 3 years' time (28% forecast payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 95% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Aug 28TowneBank Announces Third-Quarter Cash Dividend, Payable on October 10, 2025TowneBank announced that its Board of Directors declared its third-quarter shareholder cash dividend of $0.27 per common share payable on October 10, 2025, to shareholders of record on September 29, 2025.Buy Or Sell Opportunity • Aug 19Now 22% undervaluedOver the last 90 days, the stock has risen 2.3% to US$35.40. The fair value is estimated to be US$45.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.1%. Revenue is forecast to grow by 21% in a year. Earnings are forecast to grow by 32% in the next year.お知らせ • Aug 19TowneBank (NasdaqGS:TOWN) signed a definitive merger agreement to acquire Dogwood State Bank (OTCPK:DSBX) for approximately $500 million.TowneBank (NasdaqGS:TOWN) signed a definitive merger agreement to acquire Dogwood State Bank (OTCPK:DSBX) for approximately $500 million on August 19, 2025. Under the terms of the merger agreement, common shareholders of Dogwood will receive a fixed exchange ratio of 0.700 shares of TowneBank common stock for each outstanding share of Dogwood common stock. This implies a deal value per share of $25.04 or approximately $476.2 million. Steve Jones will continue in a key leadership role within the combined company and will join TowneBank as President of its North Carolina and South Carolina banking operations, and be a member of the TowneBank Corporate Management team. The definitive agreement was approved by the boards of directors of TowneBank and Dogwood. The transaction is subject to customary conditions, including regulatory approval, as well as the approval of Dogwood’s shareholders. The transaction is expected to close in early 2026. Raymond James & Associates, Inc. served as the financial advisor and Wachtell, Lipton, Rosen & Katz served as legal counsel to TowneBank. Piper Sandler & Co. served as the financial advisor and Williams Mullen served as legal counsel to Dogwood.Reported Earnings • Jul 24Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: US$0.52 (down from US$0.57 in 2Q 2024). Revenue: US$201.0m (up 15% from 2Q 2024). Net income: US$38.8m (down 9.4% from 2Q 2024). Profit margin: 19% (down from 25% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.お知らせ • Jul 24Townebank Reports Net Loan Charge-Offs for the Second Quarter Ended June 30, 2025TowneBank reported net loan charge-offs for the second quarter ended June 30, 2025. For the quarter, Net loan charge-offs were $19,000 as compared to Net recoveries of $19,000 in the previous year.Upcoming Dividend • Jun 20Upcoming dividend of US$0.27 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 11 July 2025. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of American dividend payers (4.8%). Higher than average of industry peers (2.7%).New Risk • Jun 06New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$410k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company.分析記事 • Jun 01TowneBank (NASDAQ:TOWN) Is Increasing Its Dividend To $0.27TowneBank ( NASDAQ:TOWN ) has announced that it will be increasing its periodic dividend on the 11th of July to $0.27...分析記事 • May 18TowneBank's (NASDAQ:TOWN) Upcoming Dividend Will Be Larger Than Last Year'sTowneBank's ( NASDAQ:TOWN ) periodic dividend will be increasing on the 11th of July to $0.27, with investors receiving...Declared Dividend • May 18First quarter dividend increased to US$0.27Dividend of US$0.27 is 8.0% higher than last year. Ex-date: 27th June 2025 Payment date: 11th July 2025 Dividend yield will be 2.9%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 8.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • May 15Townebank Announces Cash Dividend for the Second-Quarter, Payable on July 11, 2025TowneBank announced that its Board of Directors declared its second-quarter shareholder cash dividend of $0.27 per common share payable on July 11, 2025, to shareholders of record on June 27, 2025. The quarterly common stock cash dividend of $0.27 per common share, or $1.08 per common share on an annual basis, is an 8% increase from the previous dividend rate.Reported Earnings • Apr 24First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: US$0.67 (up from US$0.46 in 1Q 2024). Revenue: US$189.6m (up 13% from 1Q 2024). Net income: US$50.6m (up 46% from 1Q 2024). Profit margin: 27% (up from 21% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 9.4%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.お知らせ • Apr 24TowneBank Reports Net Loan Charge-Offs for the First Quarter Ended March 31, 2025TowneBank reported net loan charge-offs for the first quarter ended March 31, 2025. Net loan charge-offs were $626,000 in the quarter compared to $520,000 in the prior year quarter and $382,000 in the linked quarter.お知らせ • Apr 03TowneBank (NasdaqGS:TOWN) signed a definitive agreement and plan of merger to acquire Old Point Financial Corporation (NasdaqCM:OPOF) for approximately $200 million.TowneBank (NasdaqGS:TOWN) signed a definitive agreement and plan of merger to acquire Old Point Financial Corporation (NasdaqCM:OPOF) for approximately $200 million on April 2, 2025. Under the terms of the agreement, shareholders of Old Point will elect to receive either $41.00 in cash or 1.1400 shares of TowneBank common stock for each share of Old Point outstanding common stock. This corresponds to an aggregate transaction value of approximately $203 million, based on Old Point common stock currently outstanding. Old Point shareholders will have the right to elect cash or stock consideration so long as the total stock consideration issued represents between 50% and 60% of the total consideration paid. In consideration of the transaction, extensive due diligence was performed by the management teams of TowneBank and Old Point. The transaction is expected to close in the second half of 2025 and is subject to customary conditions, including regulatory approval, as well as the approval of Old Point’s shareholders. The definitive agreement was approved by the boards of directors of Old Point and TowneBank. Piper Sandler & Co. served as the financial advisor and Wachtell, Lipton, Rosen & Katz served as lead legal counsel with Williams Mullen as local counsel to TowneBank in the transaction. Keefe, Bruyette & Woods served as the financial advisor and Troutman Pepper Locke LLP served as legal counsel to Old Point in the transaction.お知らせ • Apr 02TowneBank (NasdaqGS:TOWN) completed the acquisition of Village Bank and Trust Financial Corp. (NasdaqCM:VBFC).TowneBank (NasdaqGS:TOWN) signed a definitive agreement and plan of reorganization to acquire Village Bank and Trust Financial Corp. (NasdaqCM:VBFC) for approximately $120 million on September 23, 2024. On August 21, 2024, TowneBank (NasdaqGS:TOWN) and Village Bank and Trust Financial Corp. (NasdaqCM:VBFC) executed a letter of intent. Under the terms of the agreement, shareholders of Village will receive $80.25 per share in cash for each share of Village outstanding common stock. This corresponds to an aggregate transaction value of approximately $120.0 million, based on Village common stock currently outstanding. The separate corporate existence of Village Bank thereupon shall cease, and Towne shall be the surviving corporation in the Merger. If the agreement is terminated by Village Bank, it is required to pay Towne the sum of $4.8 million termination fee. The transaction is expected to close in the first half of 2025 and is subject to customary conditions, including regulatory approval, as well as the approval of Village’s shareholders. The boards of directors of each of TowneBank, Towne Merger Sub, Village and Village Bank have unanimously approved the Agreement. TowneBank expects the transaction to be approximately 6% accretive to earnings per share with fully phased-in cost savings on a GAAP basis. As of December 19, 2024, the Village Bank and Trust Financial shareholders approved the transaction. As of March 11, 2025, Federal Deposit Insurance Corporation and the Virginia State Corporation Commission have approved the transaction. In addition to the parties receiving all required regulatory approvals. The merger is expected to be completed at the beginning of April 2025. Piper Sandler & Co. served as the financial advisor and Gregory F. Parisi and Seth A. Winter of Troutman Pepper Hamilton Sanders LLP served as legal counsel to TowneBank in the transaction. Janney Montgomery Scott served as the financial advisor and fairness opinion provider; and Benjamin A. McCall and Scott H. Richter of Williams Mullen served as legal counsel to Village in the transaction. Computershare, Inc. acted as transfer agent to TowneBank. TowneBank (NasdaqGS:TOWN) completed the acquisition of Village Bank and Trust Financial Corp. (NasdaqCM:VBFC) on April 1, 2025. In connection with the merger, Frank E. Jenkins, Jr., a former director of Village, was appointed to the TowneBank board of directors, effective as of April 1, 2025.Upcoming Dividend • Mar 24Upcoming dividend of US$0.25 per shareEligible shareholders must have bought the stock before 31 March 2025. Payment date: 11 April 2025. Payout ratio is a comfortable 46% and the cash payout ratio is 92%. Trailing yield: 2.9%. Lower than top quartile of American dividend payers (4.7%). In line with average of industry peers (2.7%).分析記事 • Mar 12TowneBank's (NASDAQ:TOWN) Dividend Will Be $0.25TowneBank's ( NASDAQ:TOWN ) investors are due to receive a payment of $0.25 per share on 11th of April. This payment...Reported Earnings • Mar 04Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$2.16 (up from US$2.06 in FY 2023). Revenue: US$694.3m (up 2.8% from FY 2023). Net income: US$161.8m (up 5.2% from FY 2023). Profit margin: 23% (in line with FY 2023). Net interest margin (NIM): 2.90% (down from 3.06% in FY 2023). Cost-to-income ratio: 70.8% (up from 69.4% in FY 2023). Non-performing loans: 0.06% (no change from 0.06% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Declared Dividend • Mar 02Fourth quarter dividend of US$0.25 announcedDividend of US$0.25 is the same as last year. Ex-date: 31st March 2025 Payment date: 11th April 2025 Dividend yield will be 2.7%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (46% payout ratio) and is expected to be well covered in 3 years' time (34% forecast payout ratio). The dividend has increased by an average of 8.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 45% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 27TowneBank Announces Cash Dividend for the First-Quarter, Payable on April 11, 2025Hampton Roads based TowneBank announced that its Board of Directors declared its first-quarter shareholder cash dividend of $0.25 per common share payable on April 11, 2025, to shareholders of record on March 31, 2025.Buy Or Sell Opportunity • Feb 21Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at US$36.20. The fair value is estimated to be US$45.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 51% in the next 2 years.Price Target Changed • Jan 28Price target increased by 7.2% to US$40.75Up from US$38.00, the current price target is an average from 4 analysts. New target price is 13% above last closing price of US$36.09. Stock is up 22% over the past year. The company is forecast to post earnings per share of US$2.61 for next year compared to US$2.16 last year.分析記事 • Jan 26TowneBank (NASDAQ:TOWN) Analysts Are Pretty Bullish On The Stock After Recent ResultsAs you might know, TowneBank ( NASDAQ:TOWN ) recently reported its yearly numbers. TowneBank reported US$694m in...Reported Earnings • Jan 23Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$2.16 (up from US$2.06 in FY 2023). Revenue: US$694.3m (up 2.8% from FY 2023). Net income: US$161.8m (up 5.2% from FY 2023). Profit margin: 23% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Jan 23TowneBank, Annual General Meeting, May 14, 2025TowneBank, Annual General Meeting, May 14, 2025. Location: virginia beach convention center, 1000 19th street in virginia beach, virginia United StatesUpcoming Dividend • Dec 24Upcoming dividend of US$0.25 per shareEligible shareholders must have bought the stock before 31 December 2024. Payment date: 14 January 2025. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 2.9%. Lower than top quartile of American dividend payers (4.5%). In line with average of industry peers (2.7%).分析記事 • Dec 03TowneBank (NASDAQ:TOWN) Is Due To Pay A Dividend Of $0.25TowneBank ( NASDAQ:TOWN ) has announced that it will pay a dividend of $0.25 per share on the 14th of January. Based on...Declared Dividend • Dec 02Third quarter dividend of US$0.25 announcedDividend of US$0.25 is the same as last year. Ex-date: 31st December 2024 Payment date: 14th January 2025 Dividend yield will be 2.7%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (50% payout ratio) and is expected to be covered in 3 years' time (35% forecast payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 49% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Nov 28TowneBank Declares Fourth-Quarter Cash Dividend, Payable on January 14, 2025TowneBank announced that its Board of Directors declared its fourth-quarter shareholder cash dividend of $0.25 per common share payable on January 14, 2025, to shareholders of record on December 31, 2024.Recent Insider Transactions • Nov 10Insider recently sold US$425k worth of stockOn the 6th of November, Jacqueline Amato sold around 12k shares on-market at roughly US$35.40 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.1m more than they bought in the last 12 months.お知らせ • Oct 26TowneBank Reports Net Charge Off for the Third Quarter Ended September 30, 2024TowneBank reported net charge off for the third quarter ended September 30, 2024. Net loan charge-offs were $0.68 million in the quarter compared to net recoveries of $1.07 million in the prior year quarter.Reported Earnings • Oct 24Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: US$0.57 (down from US$0.60 in 3Q 2023). Revenue: US$175.6m (up 2.2% from 3Q 2023). Net income: US$42.9m (down 4.3% from 3Q 2023). Profit margin: 25% (down from 26% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 1.8%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Oct 18Now 20% undervaluedOver the last 90 days, the stock has risen 12% to US$34.89. The fair value is estimated to be US$43.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 51% in the next 2 years.分析記事 • Sep 27TowneBank (NASDAQ:TOWN) Has Announced A Dividend Of $0.25TowneBank ( NASDAQ:TOWN ) has announced that it will pay a dividend of $0.25 per share on the 11th of October. This...お知らせ • Sep 26TowneBank (NasdaqGS:TOWN) signed a definitive agreement and plan of reorganization to acquire Village Bank and Trust Financial Corp. (NasdaqCM:VBFC) for approximately $120 million.TowneBank (NasdaqGS:TOWN) signed a definitive agreement and plan of reorganization to acquire Village Bank and Trust Financial Corp. (NasdaqCM:VBFC) for approximately $120 million on September 23, 2024. Under the terms of the agreement, shareholders of Village will receive $80.25 per share in cash for each share of Village outstanding common stock. This corresponds to an aggregate transaction value of approximately $120.0 million, based on Village common stock currently outstanding. The separate corporate existence of Village Bank thereupon shall cease, and Towne shall be the surviving corporation in the Merger. If the agreement is terminated by Village Bank, it is required to pay Towne the sum of $4.8 million termination fee. The transaction is expected to close in the first half of 2025 and is subject to customary conditions, including regulatory approval, as well as the approval of Village’s shareholders. The boards of directors of each of TowneBank, Towne Merger Sub, Village and Village Bank have unanimously approved the Agreement. TowneBank expects the transaction to be approximately 6% accretive to earnings per share with fully phased-in cost savings on a GAAP basis. Piper Sandler & Co. served as the financial advisor and Gregory F. Parisi and Seth A. Winter of Troutman Pepper Hamilton Sanders LLP served as legal counsel to TowneBank in the transaction. Janney Montgomery Scott served as the financial advisor and fairness opinion provider; and Benjamin A. McCall and Scott H. Richter of Williams Mullen served as legal counsel to Village in the transaction.Upcoming Dividend • Sep 23Upcoming dividend of US$0.25 per shareEligible shareholders must have bought the stock before 30 September 2024. Payment date: 11 October 2024. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of American dividend payers (4.3%). In line with average of industry peers (2.9%).分析記事 • Aug 31TowneBank's (NASDAQ:TOWN) Dividend Will Be $0.25The board of TowneBank ( NASDAQ:TOWN ) has announced that it will pay a dividend of $0.25 per share on the 11th of...Declared Dividend • Aug 30Second quarter dividend of US$0.25 announcedDividend of US$0.25 is the same as last year. Ex-date: 30th September 2024 Payment date: 11th October 2024 Dividend yield will be 2.9%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 9.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • Aug 29Townebank Announces Quarterly Cash Dividend, Payable on October 11, 2024TowneBankannounced that its Board of Directors declared its third-quarter shareholder cash dividend of $0.25 per common share payable on October 11, 2024, to shareholders of record on September 30, 2024.Recent Insider Transactions • Aug 01Insider recently sold US$305k worth of stockOn the 29th of July, J. Davis sold around 9k shares on-market at roughly US$33.58 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$478k more than they bought in the last 12 months.Price Target Changed • Jul 30Price target increased by 12% to US$34.50Up from US$30.75, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of US$33.42. Stock is up 33% over the past year. The company is forecast to post earnings per share of US$2.13 for next year compared to US$2.06 last year.Reported Earnings • Jul 25Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: US$0.57 (up from US$0.56 in 2Q 2023). Revenue: US$175.1m (down 1.6% from 2Q 2023). Net income: US$42.9m (up 2.7% from 2Q 2023). Profit margin: 25% (up from 23% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to US$31.27, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Banks industry in the US. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$43.33 per share.New Risk • Jun 07New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$295k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company.分析記事 • Jun 04TowneBank (NASDAQ:TOWN) Has Affirmed Its Dividend Of $0.25TowneBank ( NASDAQ:TOWN ) will pay a dividend of $0.25 on the 12th of July. This payment means that the dividend yield...Declared Dividend • Jun 02First quarter dividend of US$0.25 announcedDividend of US$0.25 is the same as last year. Ex-date: 28th June 2024 Payment date: 12th July 2024 Dividend yield will be 3.7%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 9.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 13% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • May 31TowneBank Announces Second-Quarter Cash Dividend, Payable on July 12, 2024TowneBank announced that its Board of Directors declared its second-quarter shareholder cash dividend of $0.25 per common share payable on July 12, 2024, to shareholders of record on June 28, 2024.Recent Insider Transactions • May 16Insider recently sold US$235k worth of stockOn the 14th of May, J. Davis sold around 9k shares on-market at roughly US$27.49 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$453k. Insiders have been net sellers, collectively disposing of US$289k more than they bought in the last 12 months.Seeking Alpha • May 08TowneBank: Manageable CRE Exposure, But The Stock Is A Bit Too ExpensiveSummary TowneBank's net interest income is under pressure, with a decrease in net interest margin compared to last year. The bank's loan book is healthy, with a low amount of non-performing loans and a focus on commercial real estate. The bank's performance is solid, but the stock is currently trading at a high valuation, making it a hold for now. Read the full article on Seeking Alpha分析記事 • Apr 26The TowneBank (NASDAQ:TOWN) First-Quarter Results Are Out And Analysts Have Published New ForecastsIt's been a good week for TowneBank ( NASDAQ:TOWN ) shareholders, because the company has just released its latest...Reported Earnings • Apr 25First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: US$0.46 (down from US$0.52 in 1Q 2023). Revenue: US$168.0m (down 2.6% from 1Q 2023). Net income: US$34.7m (down 9.5% from 1Q 2023). Profit margin: 21% (down from 22% in 1Q 2023). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 3.8%. Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Apr 10Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.5% to US$26.34. The fair value is estimated to be US$32.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.0%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 22% in the next 2 years.お知らせ • Mar 28Townebank Announces Retirement of Jacqueline B. Amato and Bradford L. Cherry as Members of Board of DirectorsTowneBank announced that two long-serving members of its Board of Directors, Jacqueline B. Amato and Bradford L. Cherry, will step down from the Board and move to Emeritus status following the 2024 Annual Meeting of Shareholders. Cherry is a founding director of TowneBank, having served as a director since TowneBank’s opening in 1999. Amato joined TowneBank in 2000 to lead its successful entry into the residential mortgage lending business and was appointed to the Board that same year.Upcoming Dividend • Mar 20Upcoming dividend of US$0.25 per shareEligible shareholders must have bought the stock before 27 March 2024. Payment date: 12 April 2024. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (3.0%).Buy Or Sell Opportunity • Mar 14Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to US$25.95. The fair value is estimated to be US$32.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.0%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 21% in the next 2 years.Recent Insider Transactions • Mar 12Independent Director recently sold US$453k worth of stockOn the 7th of March, Elizabeth Robertson sold around 16k shares on-market at roughly US$27.63 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$661k more than they bought in the last 12 months.お知らせ • Mar 12TowneBank, Annual General Meeting, May 22, 2024TowneBank, Annual General Meeting, May 22, 2024, at 11:30 US Eastern Standard Time. Location: Virginia Beach Convention Center 1000 19th Street Virginia Beach, Virginia Virginia United Statesお知らせ • Mar 06TowneBank Appoints Sachin Shetty to the Board of DirectorsTowneBank has appointed Sachin Shetty, Ph.D., to its Board of Directors. Dr. Shetty is an Executive Director for the Center for Secure and Intelligent Critical Systems and Professor with the Electrical and Computer Engineering Department at Old Dominion University, where he leads a research team focused on developing and integrating secure and intelligent technologies designed to ensure safe, reliable, and resilient critical infrastructure. Dr. Shetty, whose research interests lie at the intersection of computer networking, network security and machine learning, has published over 300 research articles. Dr. Shetty received his Ph.D. in Modeling and Simulation from ODU, his Master of Science in Computer Science from the University of Toledo, and a Bachelor’s degree in Computer Engineering from Mumbai University.Reported Earnings • Mar 04Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: US$2.06 (down from US$2.61 in FY 2022). Revenue: US$675.4m (flat on FY 2022). Net income: US$153.7m (down 19% from FY 2022). Profit margin: 23% (down from 28% in FY 2022). Net interest margin (NIM): 3.06% (down from 3.10% in FY 2022). Cost-to-income ratio: 69.4% (up from 62.7% in FY 2022). Non-performing loans: 0.06% (no change from 0.06% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.8%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year and the company’s share price has also fallen by 5% per year.Declared Dividend • Mar 03Fourth quarter dividend of US$0.25 announcedShareholders will receive a dividend of US$0.25. Ex-date: 27th March 2024 Payment date: 12th April 2024 Dividend yield will be 3.7%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (48% payout ratio) and is expected to be well covered in 3 years' time (42% forecast payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 29TowneBank Declares First-Quarter Cash Dividend, Payable on April 12, 2024TowneBank announced that its Board of Directors declared its first-quarter shareholder cash dividend of $0.25 per common share payable on April 12, 2024, to shareholders of record on March 29, 2024.Reported Earnings • Jan 26Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: US$2.06 (down from US$2.61 in FY 2022). Revenue: US$675.4m (flat on FY 2022). Net income: US$153.7m (down 19% from FY 2022). Profit margin: 23% (down from 28% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.8%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Price Target Changed • Dec 28Price target increased by 8.8% to US$29.80Up from US$27.40, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of US$30.40. Stock is down 1.7% over the past year. The company is forecast to post earnings per share of US$2.12 for next year compared to US$2.60 last year.Upcoming Dividend • Dec 21Upcoming dividend of US$0.25 per share at 3.3% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 12 January 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (4.6%). In line with average of industry peers (3.2%).Recent Insider Transactions • Dec 18Insider recently sold US$298k worth of stockOn the 14th of December, J. Davis sold around 10k shares on-market at roughly US$29.82 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$807k more than they bought in the last 12 months.お知らせ • Nov 29TowneBank Announces Quarterly Cash Dividend, Payable on January 12, 2024TowneBank announced that its Board of Directors declared its fourth-quarter shareholder cash dividend of $0.25 per common share payable on January 12, 2024, to shareholders of record on December 29, 2023.New Risk • Nov 06New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$298k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Significant insider selling over the past 3 months (US$298k sold).Recent Insider Transactions • Nov 06Insider recently sold US$282k worth of stockOn the 3rd of November, J. Davis sold around 11k shares on-market at roughly US$25.56 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$740k more than they bought in the last 12 months.お知らせ • Oct 28TowneBank to Report Q3, 2023 Results on Oct 26, 2023TowneBank announced that they will report Q3, 2023 results on Oct 26, 2023Reported Earnings • Oct 27Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: EPS: US$0.60 (down from US$0.69 in 3Q 2022). Revenue: US$171.9m (down 2.0% from 3Q 2022). Net income: US$44.9m (down 11% from 3Q 2022). Profit margin: 26% (down from 29% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 21%. Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Sep 21Upcoming dividend of US$0.25 per share at 4.3% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of American dividend payers (5.0%). Higher than average of industry peers (3.7%).お知らせ • Aug 24TowneBank Declares Cash Dividend for the Third-Quarter, Payable on October 13, 2023TowneBank announced that its Board of Directors declared its third-quarter shareholder cash dividend of $0.25 per common share payable on October 13, 2023, to shareholders of record on September 29, 2023.Reported Earnings • Jul 28Second quarter 2023 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2023 results: EPS: US$0.56 (down from US$0.64 in 2Q 2022). Revenue: US$178.0m (up 6.6% from 2Q 2022). Net income: US$41.7m (down 10% from 2Q 2022). Profit margin: 23% (down from 28% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jun 22Upcoming dividend of US$0.25 per share at 4.1% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of American dividend payers (4.9%). Higher than average of industry peers (3.6%).収支内訳TowneBank の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史NasdaqGS:TOWN 収益、費用、利益 ( )USD Millions日付収益収益G+A経費研究開発費31 Mar 26877167476031 Dec 25812170449030 Sep 25757162436030 Jun 25732166429031 Mar 25707170424031 Dec 24694161421030 Sep 24672149411030 Jun 24668151402031 Mar 24671150396031 Dec 23675153392030 Sep 23690172385030 Jun 23694177381031 Mar 23683182373031 Dec 22678189364030 Sep 22671182365030 Jun 22667183358031 Mar 22677192353031 Dec 21697215345030 Sep 21706225339030 Jun 21695209337031 Mar 21653188330031 Dec 20597146327030 Sep 20563131322030 Jun 20547134318031 Mar 20553134317031 Dec 19555139313030 Sep 19548140306030 Jun 19540140297031 Mar 19532140297031 Dec 18524134284030 Sep 18503110268030 Jun 1848199252031 Mar 1846690231031 Dec 1744488243030 Sep 1743594221030 Jun 1742891219031 Mar 1739271200031 Dec 1636967186030 Sep 1633961172030 Jun 1630854157031 Mar 1630266153031 Dec 1529562150030 Sep 1528457141030 Jun 15270511360質の高い収益: TOWNには$86.5M } という大きな 一回限りの 損失があり、過去 12 か月の財務実績が31st March, 2026に影響を及ぼしています。利益率の向上: TOWNの現在の純利益率 (19%)は、昨年(24.1%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: TOWNの収益は過去 5 年間で年間5.8%減少しました。成長の加速: TOWNは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: TOWNは過去 1 年間で収益成長率がマイナス ( -2.1% ) となったため、 Banks業界平均 ( 22.8% ) と比較することが困難です。株主資本利益率高いROE: TOWNの 自己資本利益率 ( 5.8% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YBanks 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/20 07:53終値2026/05/20 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋TowneBank 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。6 アナリスト機関David BishopHovde Group, LLCCatherine Summerson MealorKeefe, Bruyette, & WoodsCasey Orr WhitmanPiper Sandler Companies3 その他のアナリストを表示
Reported Earnings • Apr 24First quarter 2026 earnings: EPS in line with expectations, revenues disappointFirst quarter 2026 results: EPS: US$0.45 (down from US$0.67 in 1Q 2025). Revenue: US$246.1m (up 30% from 1Q 2025). Net income: US$41.0m (down 19% from 1Q 2025). Profit margin: 17% (down from 27% in 1Q 2025). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
お知らせ • Apr 24Townebank Reports Net Charge Offs for the First Quarter Ended March 31, 2026TowneBank reported net charge offs for the first quarter ended March 31, 2026. For the period, the company reported net loan charge-offs of $1,690,000 compared to $626,000 a year ago.
Reported Earnings • Mar 03Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: US$2.22 (up from US$2.15 in FY 2024). Revenue: US$811.8m (up 17% from FY 2024). Net income: US$169.5m (up 5.1% from FY 2024). Profit margin: 21% (down from 23% in FY 2024). Net interest margin (NIM): 3.42% (up from 2.90% in FY 2024). Cost-to-income ratio: 70.2% (down from 70.8% in FY 2024). Non-performing loans: 0.09% (up from 0.06% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Reported Earnings • Jan 29Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: US$2.22 (up from US$2.16 in FY 2024). Revenue: US$811.8m (up 17% from FY 2024). Net income: US$169.5m (up 4.8% from FY 2024). Profit margin: 21% (down from 23% in FY 2024). Net interest margin (NIM): 3.42% (up from 2.90% in FY 2024). Cost-to-income ratio: 63.5% (down from 70.8% in FY 2024). Non-performing loans: 0.09% (up from 0.06% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Jan 29TowneBank Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2025TowneBank reported Net charge-offs for the fourth quarter ended December 31, 2025. For the quarter, the company reported Net charge-offs of $1,948,000 against $382,000 a year ago.
Reported Earnings • Oct 23Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: US$0.51 (down from US$0.57 in 3Q 2024). Revenue: US$200.4m (up 14% from 3Q 2024). Net income: US$39.0m (down 9.2% from 3Q 2024). Profit margin: 20% (down from 25% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Recent Insider Transactions • May 03Insider recently bought US$503k worth of stockOn the 28th of April, J. Perry bought around 14k shares on-market at roughly US$35.95 per share. This transaction amounted to 83% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$2.5m more in shares than they have sold in the last 12 months.
Reported Earnings • Apr 24First quarter 2026 earnings: EPS in line with expectations, revenues disappointFirst quarter 2026 results: EPS: US$0.45 (down from US$0.67 in 1Q 2025). Revenue: US$246.1m (up 30% from 1Q 2025). Net income: US$41.0m (down 19% from 1Q 2025). Profit margin: 17% (down from 27% in 1Q 2025). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
お知らせ • Apr 24Townebank Reports Net Charge Offs for the First Quarter Ended March 31, 2026TowneBank reported net charge offs for the first quarter ended March 31, 2026. For the period, the company reported net loan charge-offs of $1,690,000 compared to $626,000 a year ago.
New Risk • Apr 23New major risk - Revenue and earnings growthEarnings have declined by 5.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.8% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (23% increase in shares outstanding).
Seeking Alpha • Apr 23Q1 Justifies Wait-And-See Approach For TowneBankSummary TowneBank reported Q1 2026 results below expectations, with adjusted EPS of $0.74 and revenue of $246.5M, missing consensus estimates. I maintain a Hold rating on TOWN, as its attractive geographic footprint and growth via acquisitions are largely reflected in its current valuation. Recent M&A, including Dogwood State Bank, drove asset and deposit growth but increased integration risks and pressured tangible book value and asset quality metrics. TOWN's forward P/E is just below the sector median, but recurring one-time expenses and an elevated price-to-TBV ratio limit upside potential. Read the full article on Seeking Alpha
お知らせ • Apr 15TowneBank, Annual General Meeting, May 20, 2026TowneBank, Annual General Meeting, May 20, 2026. Location: virginia beach convention center, 1000 19th street, virginia beach, virginia., virginia beach. United States
Upcoming Dividend • Mar 24Upcoming dividend of US$0.27 per shareEligible shareholders must have bought the stock before 31 March 2026. Payment date: 10 April 2026. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of American dividend payers (4.4%). Higher than average of industry peers (2.6%).
Reported Earnings • Mar 03Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: US$2.22 (up from US$2.15 in FY 2024). Revenue: US$811.8m (up 17% from FY 2024). Net income: US$169.5m (up 5.1% from FY 2024). Profit margin: 21% (down from 23% in FY 2024). Net interest margin (NIM): 3.42% (up from 2.90% in FY 2024). Cost-to-income ratio: 70.2% (down from 70.8% in FY 2024). Non-performing loans: 0.09% (up from 0.06% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
New Risk • Mar 03New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (23% increase in shares outstanding).
Declared Dividend • Mar 01Fourth quarter dividend of US$0.27 announcedShareholders will receive a dividend of US$0.27. Ex-date: 31st March 2026 Payment date: 10th April 2026 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (48% payout ratio) and is expected to be well covered in 3 years' time (29% forecast payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 62% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 25TowneBank Declares First-Quarter Cash Dividend, Payable on April 10, 2026TowneBank announced that its Board of Directors declared its first-quarter shareholder cash dividend of $0.27 per common share payable on April 10, 2026, to shareholders of record on March 31, 2026.
お知らせ • Feb 03TowneBank Appoints Richard Cullen to its Board of DirectorsTowneBank announced the appointment of Richard Cullen to its Board of Directors. Mr. Cullen has enjoyed a distinguished legal career with decades of experience in both public service and private practice. Most recently, Mr. Cullen served as Counselor to Governor Glenn Youngkin during his term in office from 2022 to 2026. Other notable public service positions include his appointment in 1997 by Governor George Allen to serve as Attorney General of Virginia and his appointment in 1991 by President George H.W. Bush to serve as United States Attorney for the Eastern District of Virginia. Mr. Cullen spent his career in private law practice at McGuireWoods, LLP, a firm that traces its roots back to 1834 and which has grown to approximately 1,000 lawyers with offices throughout the U.S. and in London. Prior to joining Governor Youngkin’s administration, Mr. Cullen served as Chairman of McGuireWoods for over a decade. In February, Mr. Cullen will become a partner in Torridon Law PLLC, a law firm based in Washington, D.C. Mr. Cullen resides in Richmond, Virginia with his wife, Aggie Tullidge Cullen. They are parents of four adult children, including United States District Court Judge Thomas T. Cullen of Roanoke, Virginia.
New Risk • Jan 29New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.
Reported Earnings • Jan 29Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: US$2.22 (up from US$2.16 in FY 2024). Revenue: US$811.8m (up 17% from FY 2024). Net income: US$169.5m (up 4.8% from FY 2024). Profit margin: 21% (down from 23% in FY 2024). Net interest margin (NIM): 3.42% (up from 2.90% in FY 2024). Cost-to-income ratio: 63.5% (down from 70.8% in FY 2024). Non-performing loans: 0.09% (up from 0.06% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Jan 29TowneBank Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2025TowneBank reported Net charge-offs for the fourth quarter ended December 31, 2025. For the quarter, the company reported Net charge-offs of $1,948,000 against $382,000 a year ago.
お知らせ • Jan 13TowneBank (NasdaqGS:TOWN) completed the acquisition of Dogwood State Bank (OTCPK:DSBX).TowneBank (NasdaqGS:TOWN) signed a definitive merger agreement to acquire Dogwood State Bank (OTCPK:DSBX) for approximately $500 million on August 18, 2025. Under the terms of the merger agreement, common shareholders of Dogwood will receive a fixed exchange ratio of 0.700 shares of TowneBank common stock for each outstanding share of Dogwood common stock. This implies a deal value per share of $25.04 or approximately $476.2 million. Steve Jones will continue in a key leadership role within the combined company and will join TowneBank as President of its North Carolina and South Carolina banking operations, and be a member of the TowneBank Corporate Management team. Steven W. Jones, the former chief executive officer of Dogwood, will continue in a key leadership role with the combined company and join TowneBank as President of the Carolinas, serving as a member of the TowneBank Corporate Management Group. Mr. Jones and George (Robin) Perkins, a former director of Dogwood, were appointed to the TowneBank Board of Directors. The definitive agreement was approved by the boards of directors of TowneBank and Dogwood. The transaction is subject to customary conditions, including regulatory approval, as well as the approval of Dogwood’s shareholders. The transaction is expected to close in the first quarter of 2026. As on January 12, 2026, the transaction has been approved by the TowneBank shareholders and received regulatory approval. Raymond James & Associates, Inc. served as the financial advisor and Wachtell, Lipton, Rosen & Katz served as legal counsel to TowneBank. Piper Sandler & Co. served as the financial advisor and David F. Paulson, Benjamin A. McCall, Scott H. Richter, Nona K. Massengill, Lee G. Lester, Anna K. Derewenda and J. Conrad Garcia of Williams Mullen served as legal counsel to Dogwood. Mark Kanaly, Stuart Rogers of Alston & Bird, LLP represented Raymond James & Associates, Inc. as financial advisor. TowneBank (NasdaqGS:TOWN) completed the acquisition of Dogwood State Bank (OTCPK:DSBX) on January 12, 2026. As a part of acquisition Dogwood locations will operate as "Dogwood State Bank, a Division of TowneBank" until November 2026, when the core systems and operations of Dogwood are scheduled to be converted into those of TowneBank.
Upcoming Dividend • Dec 19Upcoming dividend of US$0.27 per shareEligible shareholders must have bought the stock before 26 December 2025. Payment date: 07 January 2026. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of American dividend payers (4.4%). Higher than average of industry peers (2.3%).
Declared Dividend • Nov 28Third quarter dividend of US$0.27 announcedShareholders will receive a dividend of US$0.27. Ex-date: 26th December 2025 Payment date: 7th January 2026 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (46% payout ratio) and is expected to be well covered in 3 years' time (30% forecast payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 63% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Nov 27TowneBank Announces Cash Dividend for the Fourth-Quarter of 2025, Payable on January 7, 2026TowneBank announced that its Board of Directors declared its fourth-quarter of 2025 shareholder cash dividend of $0.27 per common share payable on January 7, 2026, to shareholders of record on December 26, 2025.
Recent Insider Transactions • Nov 25Senior Executive VP & CFO recently bought US$350k worth of stockOn the 20th of November, William Littreal bought around 11k shares on-market at roughly US$32.29 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. William has been a buyer over the last 12 months, purchasing a net total of US$168k worth in shares.
Reported Earnings • Oct 23Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: US$0.51 (down from US$0.57 in 3Q 2024). Revenue: US$200.4m (up 14% from 3Q 2024). Net income: US$39.0m (down 9.2% from 3Q 2024). Profit margin: 20% (down from 25% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
お知らせ • Oct 23TowneBank Reports Unaudited Net Loan Charge-Offs for the Third Quarter Ended September 30, 2025TowneBank reported unaudited net loan charge-offs for the third quarter ended September 30, 2025. For the quarter, the company reported net loan charge-offs of $254,000 against $677,000 in the prior year quarter.
Upcoming Dividend • Sep 22Upcoming dividend of US$0.27 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 October 2025. Payout ratio is a comfortable 44% and the cash payout ratio is 79%. Trailing yield: 3.0%. Lower than top quartile of American dividend payers (4.4%). Higher than average of industry peers (2.4%).
お知らせ • Sep 03TowneBank (NasdaqGS:TOWN) completed the acquisition of Old Point Financial Corporation (NasdaqCM:OPOF).TowneBank (NasdaqGS:TOWN) signed a definitive agreement and plan of merger to acquire Old Point Financial Corporation (NasdaqCM:OPOF) for approximately $200 million on April 2, 2025. Under the terms of the agreement, shareholders of Old Point will elect to receive either $41.00 in cash or 1.1400 shares of TowneBank common stock for each share of Old Point outstanding common stock. This corresponds to an aggregate transaction value of approximately $203 million, based on Old Point common stock currently outstanding. Old Point shareholders will have the right to elect cash or stock consideration so long as the total stock consideration issued represents between 50% and 60% of the total consideration paid. In consideration of the transaction, extensive due diligence was performed by the management teams of TowneBank and Old Point. The transaction is expected to close in the second half of 2025 and is subject to customary conditions, authorization for listing on Nasdaq of the shares of TowneBank common stock to be issued in the Merger, HSR act, including regulatory approval, as well as the approval of Old Point’s shareholders. The definitive agreement was approved by the boards of directors of Old Point and TowneBank. A termination fee of $8.2 million will be payable by Old Point in the event that the Merger Agreement is terminated under certain circumstances. On July 2, 2025 Old Point Announces Shareholder Approval for Merger. As on August 14, 2025, the transaction had received regulatory approval from the Federal Deposit Insurance Corporation and the Bureau of Financial Institutions of the Virginia State Corporation Commission and expect to close on or about September 1, 2025, subject to the satisfaction of customary closing conditions. Piper Sandler & Co. served as the financial advisor and Matthew M. Guest, Richard K. Kim, Ledina Gocaj, Michael J. Schobel, Damian G. Didden, Joshua M. Holmes and Eric M. Feinstein of Wachtell, Lipton, Rosen & Katz served as legal advisor with Williams Mullen as local advisor to TowneBank in the transaction. Keefe, Bruyette & Woods served as the financial advisor as well as provided fairness opinion and Seth A. Winter, Gregory Parisi,Mark Goldsmith and David Kaplan of Troutman Pepper Locke LLP served as legal advisor to Old Point in the transaction. Laurel Hill Advisory Group, LLC acted as information agent to Old Point. Old Point has retained Laurel Hill Advisory Group and will pay Laurel Hill Advisory Group a fee of $7,000 plus reimbursement of certain costs and expenses. Computershare, Inc. acted as transfer agent to Old Point. Old Point agreed to pay KBW a total cash fee equal to 1.50% of the aggregate merger consideration, $500,000 of which became payable to KBW with the rendering of its opinion. TowneBank (NasdaqGS:TOWN) completed the acquisition of Old Point Financial Corporation (NasdaqCM:OPOF) on September 1, 2025.
Declared Dividend • Aug 31Second quarter dividend of US$0.27 announcedShareholders will receive a dividend of US$0.27. Ex-date: 29th September 2025 Payment date: 10th October 2025 Dividend yield will be 2.8%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (44% payout ratio) and is expected to be well covered in 3 years' time (28% forecast payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 95% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Aug 28TowneBank Announces Third-Quarter Cash Dividend, Payable on October 10, 2025TowneBank announced that its Board of Directors declared its third-quarter shareholder cash dividend of $0.27 per common share payable on October 10, 2025, to shareholders of record on September 29, 2025.
Buy Or Sell Opportunity • Aug 19Now 22% undervaluedOver the last 90 days, the stock has risen 2.3% to US$35.40. The fair value is estimated to be US$45.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.1%. Revenue is forecast to grow by 21% in a year. Earnings are forecast to grow by 32% in the next year.
お知らせ • Aug 19TowneBank (NasdaqGS:TOWN) signed a definitive merger agreement to acquire Dogwood State Bank (OTCPK:DSBX) for approximately $500 million.TowneBank (NasdaqGS:TOWN) signed a definitive merger agreement to acquire Dogwood State Bank (OTCPK:DSBX) for approximately $500 million on August 19, 2025. Under the terms of the merger agreement, common shareholders of Dogwood will receive a fixed exchange ratio of 0.700 shares of TowneBank common stock for each outstanding share of Dogwood common stock. This implies a deal value per share of $25.04 or approximately $476.2 million. Steve Jones will continue in a key leadership role within the combined company and will join TowneBank as President of its North Carolina and South Carolina banking operations, and be a member of the TowneBank Corporate Management team. The definitive agreement was approved by the boards of directors of TowneBank and Dogwood. The transaction is subject to customary conditions, including regulatory approval, as well as the approval of Dogwood’s shareholders. The transaction is expected to close in early 2026. Raymond James & Associates, Inc. served as the financial advisor and Wachtell, Lipton, Rosen & Katz served as legal counsel to TowneBank. Piper Sandler & Co. served as the financial advisor and Williams Mullen served as legal counsel to Dogwood.
Reported Earnings • Jul 24Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: US$0.52 (down from US$0.57 in 2Q 2024). Revenue: US$201.0m (up 15% from 2Q 2024). Net income: US$38.8m (down 9.4% from 2Q 2024). Profit margin: 19% (down from 25% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
お知らせ • Jul 24Townebank Reports Net Loan Charge-Offs for the Second Quarter Ended June 30, 2025TowneBank reported net loan charge-offs for the second quarter ended June 30, 2025. For the quarter, Net loan charge-offs were $19,000 as compared to Net recoveries of $19,000 in the previous year.
Upcoming Dividend • Jun 20Upcoming dividend of US$0.27 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 11 July 2025. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of American dividend payers (4.8%). Higher than average of industry peers (2.7%).
New Risk • Jun 06New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$410k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company.
分析記事 • Jun 01TowneBank (NASDAQ:TOWN) Is Increasing Its Dividend To $0.27TowneBank ( NASDAQ:TOWN ) has announced that it will be increasing its periodic dividend on the 11th of July to $0.27...
分析記事 • May 18TowneBank's (NASDAQ:TOWN) Upcoming Dividend Will Be Larger Than Last Year'sTowneBank's ( NASDAQ:TOWN ) periodic dividend will be increasing on the 11th of July to $0.27, with investors receiving...
Declared Dividend • May 18First quarter dividend increased to US$0.27Dividend of US$0.27 is 8.0% higher than last year. Ex-date: 27th June 2025 Payment date: 11th July 2025 Dividend yield will be 2.9%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 8.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • May 15Townebank Announces Cash Dividend for the Second-Quarter, Payable on July 11, 2025TowneBank announced that its Board of Directors declared its second-quarter shareholder cash dividend of $0.27 per common share payable on July 11, 2025, to shareholders of record on June 27, 2025. The quarterly common stock cash dividend of $0.27 per common share, or $1.08 per common share on an annual basis, is an 8% increase from the previous dividend rate.
Reported Earnings • Apr 24First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: US$0.67 (up from US$0.46 in 1Q 2024). Revenue: US$189.6m (up 13% from 1Q 2024). Net income: US$50.6m (up 46% from 1Q 2024). Profit margin: 27% (up from 21% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 9.4%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
お知らせ • Apr 24TowneBank Reports Net Loan Charge-Offs for the First Quarter Ended March 31, 2025TowneBank reported net loan charge-offs for the first quarter ended March 31, 2025. Net loan charge-offs were $626,000 in the quarter compared to $520,000 in the prior year quarter and $382,000 in the linked quarter.
お知らせ • Apr 03TowneBank (NasdaqGS:TOWN) signed a definitive agreement and plan of merger to acquire Old Point Financial Corporation (NasdaqCM:OPOF) for approximately $200 million.TowneBank (NasdaqGS:TOWN) signed a definitive agreement and plan of merger to acquire Old Point Financial Corporation (NasdaqCM:OPOF) for approximately $200 million on April 2, 2025. Under the terms of the agreement, shareholders of Old Point will elect to receive either $41.00 in cash or 1.1400 shares of TowneBank common stock for each share of Old Point outstanding common stock. This corresponds to an aggregate transaction value of approximately $203 million, based on Old Point common stock currently outstanding. Old Point shareholders will have the right to elect cash or stock consideration so long as the total stock consideration issued represents between 50% and 60% of the total consideration paid. In consideration of the transaction, extensive due diligence was performed by the management teams of TowneBank and Old Point. The transaction is expected to close in the second half of 2025 and is subject to customary conditions, including regulatory approval, as well as the approval of Old Point’s shareholders. The definitive agreement was approved by the boards of directors of Old Point and TowneBank. Piper Sandler & Co. served as the financial advisor and Wachtell, Lipton, Rosen & Katz served as lead legal counsel with Williams Mullen as local counsel to TowneBank in the transaction. Keefe, Bruyette & Woods served as the financial advisor and Troutman Pepper Locke LLP served as legal counsel to Old Point in the transaction.
お知らせ • Apr 02TowneBank (NasdaqGS:TOWN) completed the acquisition of Village Bank and Trust Financial Corp. (NasdaqCM:VBFC).TowneBank (NasdaqGS:TOWN) signed a definitive agreement and plan of reorganization to acquire Village Bank and Trust Financial Corp. (NasdaqCM:VBFC) for approximately $120 million on September 23, 2024. On August 21, 2024, TowneBank (NasdaqGS:TOWN) and Village Bank and Trust Financial Corp. (NasdaqCM:VBFC) executed a letter of intent. Under the terms of the agreement, shareholders of Village will receive $80.25 per share in cash for each share of Village outstanding common stock. This corresponds to an aggregate transaction value of approximately $120.0 million, based on Village common stock currently outstanding. The separate corporate existence of Village Bank thereupon shall cease, and Towne shall be the surviving corporation in the Merger. If the agreement is terminated by Village Bank, it is required to pay Towne the sum of $4.8 million termination fee. The transaction is expected to close in the first half of 2025 and is subject to customary conditions, including regulatory approval, as well as the approval of Village’s shareholders. The boards of directors of each of TowneBank, Towne Merger Sub, Village and Village Bank have unanimously approved the Agreement. TowneBank expects the transaction to be approximately 6% accretive to earnings per share with fully phased-in cost savings on a GAAP basis. As of December 19, 2024, the Village Bank and Trust Financial shareholders approved the transaction. As of March 11, 2025, Federal Deposit Insurance Corporation and the Virginia State Corporation Commission have approved the transaction. In addition to the parties receiving all required regulatory approvals. The merger is expected to be completed at the beginning of April 2025. Piper Sandler & Co. served as the financial advisor and Gregory F. Parisi and Seth A. Winter of Troutman Pepper Hamilton Sanders LLP served as legal counsel to TowneBank in the transaction. Janney Montgomery Scott served as the financial advisor and fairness opinion provider; and Benjamin A. McCall and Scott H. Richter of Williams Mullen served as legal counsel to Village in the transaction. Computershare, Inc. acted as transfer agent to TowneBank. TowneBank (NasdaqGS:TOWN) completed the acquisition of Village Bank and Trust Financial Corp. (NasdaqCM:VBFC) on April 1, 2025. In connection with the merger, Frank E. Jenkins, Jr., a former director of Village, was appointed to the TowneBank board of directors, effective as of April 1, 2025.
Upcoming Dividend • Mar 24Upcoming dividend of US$0.25 per shareEligible shareholders must have bought the stock before 31 March 2025. Payment date: 11 April 2025. Payout ratio is a comfortable 46% and the cash payout ratio is 92%. Trailing yield: 2.9%. Lower than top quartile of American dividend payers (4.7%). In line with average of industry peers (2.7%).
分析記事 • Mar 12TowneBank's (NASDAQ:TOWN) Dividend Will Be $0.25TowneBank's ( NASDAQ:TOWN ) investors are due to receive a payment of $0.25 per share on 11th of April. This payment...
Reported Earnings • Mar 04Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$2.16 (up from US$2.06 in FY 2023). Revenue: US$694.3m (up 2.8% from FY 2023). Net income: US$161.8m (up 5.2% from FY 2023). Profit margin: 23% (in line with FY 2023). Net interest margin (NIM): 2.90% (down from 3.06% in FY 2023). Cost-to-income ratio: 70.8% (up from 69.4% in FY 2023). Non-performing loans: 0.06% (no change from 0.06% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Declared Dividend • Mar 02Fourth quarter dividend of US$0.25 announcedDividend of US$0.25 is the same as last year. Ex-date: 31st March 2025 Payment date: 11th April 2025 Dividend yield will be 2.7%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (46% payout ratio) and is expected to be well covered in 3 years' time (34% forecast payout ratio). The dividend has increased by an average of 8.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 45% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 27TowneBank Announces Cash Dividend for the First-Quarter, Payable on April 11, 2025Hampton Roads based TowneBank announced that its Board of Directors declared its first-quarter shareholder cash dividend of $0.25 per common share payable on April 11, 2025, to shareholders of record on March 31, 2025.
Buy Or Sell Opportunity • Feb 21Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at US$36.20. The fair value is estimated to be US$45.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 51% in the next 2 years.
Price Target Changed • Jan 28Price target increased by 7.2% to US$40.75Up from US$38.00, the current price target is an average from 4 analysts. New target price is 13% above last closing price of US$36.09. Stock is up 22% over the past year. The company is forecast to post earnings per share of US$2.61 for next year compared to US$2.16 last year.
分析記事 • Jan 26TowneBank (NASDAQ:TOWN) Analysts Are Pretty Bullish On The Stock After Recent ResultsAs you might know, TowneBank ( NASDAQ:TOWN ) recently reported its yearly numbers. TowneBank reported US$694m in...
Reported Earnings • Jan 23Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$2.16 (up from US$2.06 in FY 2023). Revenue: US$694.3m (up 2.8% from FY 2023). Net income: US$161.8m (up 5.2% from FY 2023). Profit margin: 23% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Jan 23TowneBank, Annual General Meeting, May 14, 2025TowneBank, Annual General Meeting, May 14, 2025. Location: virginia beach convention center, 1000 19th street in virginia beach, virginia United States
Upcoming Dividend • Dec 24Upcoming dividend of US$0.25 per shareEligible shareholders must have bought the stock before 31 December 2024. Payment date: 14 January 2025. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 2.9%. Lower than top quartile of American dividend payers (4.5%). In line with average of industry peers (2.7%).
分析記事 • Dec 03TowneBank (NASDAQ:TOWN) Is Due To Pay A Dividend Of $0.25TowneBank ( NASDAQ:TOWN ) has announced that it will pay a dividend of $0.25 per share on the 14th of January. Based on...
Declared Dividend • Dec 02Third quarter dividend of US$0.25 announcedDividend of US$0.25 is the same as last year. Ex-date: 31st December 2024 Payment date: 14th January 2025 Dividend yield will be 2.7%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (50% payout ratio) and is expected to be covered in 3 years' time (35% forecast payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 49% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Nov 28TowneBank Declares Fourth-Quarter Cash Dividend, Payable on January 14, 2025TowneBank announced that its Board of Directors declared its fourth-quarter shareholder cash dividend of $0.25 per common share payable on January 14, 2025, to shareholders of record on December 31, 2024.
Recent Insider Transactions • Nov 10Insider recently sold US$425k worth of stockOn the 6th of November, Jacqueline Amato sold around 12k shares on-market at roughly US$35.40 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.1m more than they bought in the last 12 months.
お知らせ • Oct 26TowneBank Reports Net Charge Off for the Third Quarter Ended September 30, 2024TowneBank reported net charge off for the third quarter ended September 30, 2024. Net loan charge-offs were $0.68 million in the quarter compared to net recoveries of $1.07 million in the prior year quarter.
Reported Earnings • Oct 24Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: US$0.57 (down from US$0.60 in 3Q 2023). Revenue: US$175.6m (up 2.2% from 3Q 2023). Net income: US$42.9m (down 4.3% from 3Q 2023). Profit margin: 25% (down from 26% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 1.8%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Oct 18Now 20% undervaluedOver the last 90 days, the stock has risen 12% to US$34.89. The fair value is estimated to be US$43.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 51% in the next 2 years.
分析記事 • Sep 27TowneBank (NASDAQ:TOWN) Has Announced A Dividend Of $0.25TowneBank ( NASDAQ:TOWN ) has announced that it will pay a dividend of $0.25 per share on the 11th of October. This...
お知らせ • Sep 26TowneBank (NasdaqGS:TOWN) signed a definitive agreement and plan of reorganization to acquire Village Bank and Trust Financial Corp. (NasdaqCM:VBFC) for approximately $120 million.TowneBank (NasdaqGS:TOWN) signed a definitive agreement and plan of reorganization to acquire Village Bank and Trust Financial Corp. (NasdaqCM:VBFC) for approximately $120 million on September 23, 2024. Under the terms of the agreement, shareholders of Village will receive $80.25 per share in cash for each share of Village outstanding common stock. This corresponds to an aggregate transaction value of approximately $120.0 million, based on Village common stock currently outstanding. The separate corporate existence of Village Bank thereupon shall cease, and Towne shall be the surviving corporation in the Merger. If the agreement is terminated by Village Bank, it is required to pay Towne the sum of $4.8 million termination fee. The transaction is expected to close in the first half of 2025 and is subject to customary conditions, including regulatory approval, as well as the approval of Village’s shareholders. The boards of directors of each of TowneBank, Towne Merger Sub, Village and Village Bank have unanimously approved the Agreement. TowneBank expects the transaction to be approximately 6% accretive to earnings per share with fully phased-in cost savings on a GAAP basis. Piper Sandler & Co. served as the financial advisor and Gregory F. Parisi and Seth A. Winter of Troutman Pepper Hamilton Sanders LLP served as legal counsel to TowneBank in the transaction. Janney Montgomery Scott served as the financial advisor and fairness opinion provider; and Benjamin A. McCall and Scott H. Richter of Williams Mullen served as legal counsel to Village in the transaction.
Upcoming Dividend • Sep 23Upcoming dividend of US$0.25 per shareEligible shareholders must have bought the stock before 30 September 2024. Payment date: 11 October 2024. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of American dividend payers (4.3%). In line with average of industry peers (2.9%).
分析記事 • Aug 31TowneBank's (NASDAQ:TOWN) Dividend Will Be $0.25The board of TowneBank ( NASDAQ:TOWN ) has announced that it will pay a dividend of $0.25 per share on the 11th of...
Declared Dividend • Aug 30Second quarter dividend of US$0.25 announcedDividend of US$0.25 is the same as last year. Ex-date: 30th September 2024 Payment date: 11th October 2024 Dividend yield will be 2.9%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 9.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • Aug 29Townebank Announces Quarterly Cash Dividend, Payable on October 11, 2024TowneBankannounced that its Board of Directors declared its third-quarter shareholder cash dividend of $0.25 per common share payable on October 11, 2024, to shareholders of record on September 30, 2024.
Recent Insider Transactions • Aug 01Insider recently sold US$305k worth of stockOn the 29th of July, J. Davis sold around 9k shares on-market at roughly US$33.58 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$478k more than they bought in the last 12 months.
Price Target Changed • Jul 30Price target increased by 12% to US$34.50Up from US$30.75, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of US$33.42. Stock is up 33% over the past year. The company is forecast to post earnings per share of US$2.13 for next year compared to US$2.06 last year.
Reported Earnings • Jul 25Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: US$0.57 (up from US$0.56 in 2Q 2023). Revenue: US$175.1m (down 1.6% from 2Q 2023). Net income: US$42.9m (up 2.7% from 2Q 2023). Profit margin: 25% (up from 23% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to US$31.27, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Banks industry in the US. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$43.33 per share.
New Risk • Jun 07New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$295k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company.
分析記事 • Jun 04TowneBank (NASDAQ:TOWN) Has Affirmed Its Dividend Of $0.25TowneBank ( NASDAQ:TOWN ) will pay a dividend of $0.25 on the 12th of July. This payment means that the dividend yield...
Declared Dividend • Jun 02First quarter dividend of US$0.25 announcedDividend of US$0.25 is the same as last year. Ex-date: 28th June 2024 Payment date: 12th July 2024 Dividend yield will be 3.7%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 9.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 13% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • May 31TowneBank Announces Second-Quarter Cash Dividend, Payable on July 12, 2024TowneBank announced that its Board of Directors declared its second-quarter shareholder cash dividend of $0.25 per common share payable on July 12, 2024, to shareholders of record on June 28, 2024.
Recent Insider Transactions • May 16Insider recently sold US$235k worth of stockOn the 14th of May, J. Davis sold around 9k shares on-market at roughly US$27.49 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$453k. Insiders have been net sellers, collectively disposing of US$289k more than they bought in the last 12 months.
Seeking Alpha • May 08TowneBank: Manageable CRE Exposure, But The Stock Is A Bit Too ExpensiveSummary TowneBank's net interest income is under pressure, with a decrease in net interest margin compared to last year. The bank's loan book is healthy, with a low amount of non-performing loans and a focus on commercial real estate. The bank's performance is solid, but the stock is currently trading at a high valuation, making it a hold for now. Read the full article on Seeking Alpha
分析記事 • Apr 26The TowneBank (NASDAQ:TOWN) First-Quarter Results Are Out And Analysts Have Published New ForecastsIt's been a good week for TowneBank ( NASDAQ:TOWN ) shareholders, because the company has just released its latest...
Reported Earnings • Apr 25First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: US$0.46 (down from US$0.52 in 1Q 2023). Revenue: US$168.0m (down 2.6% from 1Q 2023). Net income: US$34.7m (down 9.5% from 1Q 2023). Profit margin: 21% (down from 22% in 1Q 2023). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 3.8%. Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Apr 10Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.5% to US$26.34. The fair value is estimated to be US$32.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.0%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 22% in the next 2 years.
お知らせ • Mar 28Townebank Announces Retirement of Jacqueline B. Amato and Bradford L. Cherry as Members of Board of DirectorsTowneBank announced that two long-serving members of its Board of Directors, Jacqueline B. Amato and Bradford L. Cherry, will step down from the Board and move to Emeritus status following the 2024 Annual Meeting of Shareholders. Cherry is a founding director of TowneBank, having served as a director since TowneBank’s opening in 1999. Amato joined TowneBank in 2000 to lead its successful entry into the residential mortgage lending business and was appointed to the Board that same year.
Upcoming Dividend • Mar 20Upcoming dividend of US$0.25 per shareEligible shareholders must have bought the stock before 27 March 2024. Payment date: 12 April 2024. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (3.0%).
Buy Or Sell Opportunity • Mar 14Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to US$25.95. The fair value is estimated to be US$32.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.0%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 21% in the next 2 years.
Recent Insider Transactions • Mar 12Independent Director recently sold US$453k worth of stockOn the 7th of March, Elizabeth Robertson sold around 16k shares on-market at roughly US$27.63 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$661k more than they bought in the last 12 months.
お知らせ • Mar 12TowneBank, Annual General Meeting, May 22, 2024TowneBank, Annual General Meeting, May 22, 2024, at 11:30 US Eastern Standard Time. Location: Virginia Beach Convention Center 1000 19th Street Virginia Beach, Virginia Virginia United States
お知らせ • Mar 06TowneBank Appoints Sachin Shetty to the Board of DirectorsTowneBank has appointed Sachin Shetty, Ph.D., to its Board of Directors. Dr. Shetty is an Executive Director for the Center for Secure and Intelligent Critical Systems and Professor with the Electrical and Computer Engineering Department at Old Dominion University, where he leads a research team focused on developing and integrating secure and intelligent technologies designed to ensure safe, reliable, and resilient critical infrastructure. Dr. Shetty, whose research interests lie at the intersection of computer networking, network security and machine learning, has published over 300 research articles. Dr. Shetty received his Ph.D. in Modeling and Simulation from ODU, his Master of Science in Computer Science from the University of Toledo, and a Bachelor’s degree in Computer Engineering from Mumbai University.
Reported Earnings • Mar 04Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: US$2.06 (down from US$2.61 in FY 2022). Revenue: US$675.4m (flat on FY 2022). Net income: US$153.7m (down 19% from FY 2022). Profit margin: 23% (down from 28% in FY 2022). Net interest margin (NIM): 3.06% (down from 3.10% in FY 2022). Cost-to-income ratio: 69.4% (up from 62.7% in FY 2022). Non-performing loans: 0.06% (no change from 0.06% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.8%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year and the company’s share price has also fallen by 5% per year.
Declared Dividend • Mar 03Fourth quarter dividend of US$0.25 announcedShareholders will receive a dividend of US$0.25. Ex-date: 27th March 2024 Payment date: 12th April 2024 Dividend yield will be 3.7%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (48% payout ratio) and is expected to be well covered in 3 years' time (42% forecast payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 29TowneBank Declares First-Quarter Cash Dividend, Payable on April 12, 2024TowneBank announced that its Board of Directors declared its first-quarter shareholder cash dividend of $0.25 per common share payable on April 12, 2024, to shareholders of record on March 29, 2024.
Reported Earnings • Jan 26Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: US$2.06 (down from US$2.61 in FY 2022). Revenue: US$675.4m (flat on FY 2022). Net income: US$153.7m (down 19% from FY 2022). Profit margin: 23% (down from 28% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.8%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Price Target Changed • Dec 28Price target increased by 8.8% to US$29.80Up from US$27.40, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of US$30.40. Stock is down 1.7% over the past year. The company is forecast to post earnings per share of US$2.12 for next year compared to US$2.60 last year.
Upcoming Dividend • Dec 21Upcoming dividend of US$0.25 per share at 3.3% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 12 January 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (4.6%). In line with average of industry peers (3.2%).
Recent Insider Transactions • Dec 18Insider recently sold US$298k worth of stockOn the 14th of December, J. Davis sold around 10k shares on-market at roughly US$29.82 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$807k more than they bought in the last 12 months.
お知らせ • Nov 29TowneBank Announces Quarterly Cash Dividend, Payable on January 12, 2024TowneBank announced that its Board of Directors declared its fourth-quarter shareholder cash dividend of $0.25 per common share payable on January 12, 2024, to shareholders of record on December 29, 2023.
New Risk • Nov 06New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$298k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Significant insider selling over the past 3 months (US$298k sold).
Recent Insider Transactions • Nov 06Insider recently sold US$282k worth of stockOn the 3rd of November, J. Davis sold around 11k shares on-market at roughly US$25.56 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$740k more than they bought in the last 12 months.
お知らせ • Oct 28TowneBank to Report Q3, 2023 Results on Oct 26, 2023TowneBank announced that they will report Q3, 2023 results on Oct 26, 2023
Reported Earnings • Oct 27Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: EPS: US$0.60 (down from US$0.69 in 3Q 2022). Revenue: US$171.9m (down 2.0% from 3Q 2022). Net income: US$44.9m (down 11% from 3Q 2022). Profit margin: 26% (down from 29% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 21%. Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Sep 21Upcoming dividend of US$0.25 per share at 4.3% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of American dividend payers (5.0%). Higher than average of industry peers (3.7%).
お知らせ • Aug 24TowneBank Declares Cash Dividend for the Third-Quarter, Payable on October 13, 2023TowneBank announced that its Board of Directors declared its third-quarter shareholder cash dividend of $0.25 per common share payable on October 13, 2023, to shareholders of record on September 29, 2023.
Reported Earnings • Jul 28Second quarter 2023 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2023 results: EPS: US$0.56 (down from US$0.64 in 2Q 2022). Revenue: US$178.0m (up 6.6% from 2Q 2022). Net income: US$41.7m (down 10% from 2Q 2022). Profit margin: 23% (down from 28% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jun 22Upcoming dividend of US$0.25 per share at 4.1% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of American dividend payers (4.9%). Higher than average of industry peers (3.6%).