TowneBank Past Earnings Performance
Past criteria checks 2/6
TowneBank has been growing earnings at an average annual rate of 2.1%, while the Banks industry saw earnings growing at 17.4% annually. Revenues have been growing at an average rate of 4.3% per year. TowneBank's return on equity is 6.9%, and it has net margins of 22.2%.
Key information
2.1%
Earnings growth rate
1.4%
EPS growth rate
| Banks Industry Growth | 10.6% |
| Revenue growth rate | 4.3% |
| Return on equity | 6.9% |
| Net Margin | 22.2% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How TowneBank makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 672 | 149 | 411 | 0 |
| 30 Jun 24 | 668 | 151 | 402 | 0 |
| 31 Mar 24 | 671 | 150 | 396 | 0 |
| 31 Dec 23 | 675 | 154 | 392 | 0 |
| 30 Sep 23 | 690 | 172 | 385 | 0 |
| 30 Jun 23 | 694 | 177 | 381 | 0 |
| 31 Mar 23 | 683 | 182 | 373 | 0 |
| 31 Dec 22 | 677 | 189 | 364 | 0 |
| 30 Sep 22 | 671 | 182 | 365 | 0 |
| 30 Jun 22 | 667 | 183 | 358 | 0 |
| 31 Mar 22 | 677 | 192 | 353 | 0 |
| 31 Dec 21 | 697 | 215 | 345 | 0 |
| 30 Sep 21 | 706 | 225 | 339 | 0 |
| 30 Jun 21 | 695 | 209 | 337 | 0 |
| 31 Mar 21 | 653 | 188 | 330 | 0 |
| 31 Dec 20 | 597 | 146 | 327 | 0 |
| 30 Sep 20 | 563 | 131 | 322 | 0 |
| 30 Jun 20 | 547 | 134 | 318 | 0 |
| 31 Mar 20 | 553 | 134 | 317 | 0 |
| 31 Dec 19 | 555 | 139 | 313 | 0 |
| 30 Sep 19 | 548 | 140 | 306 | 0 |
| 30 Jun 19 | 540 | 140 | 297 | 0 |
| 31 Mar 19 | 532 | 140 | 297 | 0 |
| 31 Dec 18 | 524 | 134 | 284 | 0 |
| 30 Sep 18 | 503 | 110 | 268 | 0 |
| 30 Jun 18 | 481 | 99 | 252 | 0 |
| 31 Mar 18 | 466 | 90 | 231 | 0 |
| 31 Dec 17 | 444 | 88 | 243 | 0 |
| 30 Sep 17 | 435 | 94 | 221 | 0 |
| 30 Jun 17 | 428 | 91 | 219 | 0 |
| 31 Mar 17 | 392 | 71 | 200 | 0 |
| 31 Dec 16 | 369 | 67 | 186 | 0 |
| 30 Sep 16 | 339 | 61 | 172 | 0 |
| 30 Jun 16 | 308 | 54 | 157 | 0 |
| 31 Mar 16 | 302 | 66 | 153 | 0 |
| 31 Dec 15 | 295 | 62 | 150 | 0 |
| 30 Sep 15 | 284 | 57 | 141 | 0 |
| 30 Jun 15 | 270 | 51 | 136 | 0 |
| 31 Mar 15 | 256 | 45 | 133 | 0 |
| 31 Dec 14 | 242 | 41 | 130 | 0 |
| 30 Sep 14 | 237 | 44 | 127 | 0 |
| 30 Jun 14 | 234 | 41 | 127 | 0 |
| 31 Mar 14 | 232 | 39 | 127 | 0 |
| 31 Dec 13 | 230 | 38 | 126 | 0 |
Quality Earnings: 3T8 has high quality earnings.
Growing Profit Margin: 3T8's current net profit margins (22.2%) are lower than last year (24.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 3T8's earnings have grown by 2.1% per year over the past 5 years.
Accelerating Growth: 3T8's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 3T8 had negative earnings growth (-13%) over the past year, making it difficult to compare to the Banks industry average (13%).
Return on Equity
High ROE: 3T8's Return on Equity (6.9%) is considered low.