TowneBank Balance Sheet Health
Financial Health criteria checks 6/6
TowneBank has total assets of $17.2B and total equity of $2.2B. Total deposits are $14.4B, and total loans are $11.3B. It earns a Net Interest Margin of 3.1%. It has sufficient allowance for bad loans, which are currently at 0.06% of total loans. Cash and short-term investments are $236.4M.
Key information
7.9x
Asset to equity ratio
3.1%
Net interest margin
| Total deposits | US$14.36b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 0.06% |
| Allowance for bad loans | Sufficient |
| Current ratio | Low |
| Cash & equivalents | US$236.39m |
Recent financial health updates
No updates
Recent updates
TowneBank (NASDAQ:TOWN) Is Due To Pay A Dividend Of $0.25
Dec 03
TowneBank (NASDAQ:TOWN) Has Announced A Dividend Of $0.25
Sep 27TowneBank's (NASDAQ:TOWN) Dividend Will Be $0.25
Aug 31TowneBank (NASDAQ:TOWN) Has Affirmed Its Dividend Of $0.25
Jun 04TowneBank: Manageable CRE Exposure, But The Stock Is A Bit Too Expensive
May 08The TowneBank (NASDAQ:TOWN) First-Quarter Results Are Out And Analysts Have Published New Forecasts
Apr 26TowneBank's (NASDAQ:TOWN) Shareholders Will Receive A Bigger Dividend Than Last Year
May 28TowneBank declares $0.23 dividend
Aug 24TowneBank GAAP EPS of $0.64 beats by $0.03, revenue of $166.98M
Jul 28TowneBank's (NASDAQ:TOWN) Dividend Will Be Increased To US$0.23
Jun 21Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: TOWN's Assets to Equity ratio (7.9x) is low.
Allowance for Bad Loans: TOWN has a sufficient allowance for bad loans (1870%).
Low Risk Liabilities: 96% of TOWN's liabilities are made up of primarily low risk sources of funding.
Loan Level: TOWN has an appropriate level of Loans to Assets ratio (66%).
Low Risk Deposits: TOWN's Loans to Deposits ratio (79%) is appropriate.
Level of Bad Loans: TOWN has an appropriate level of bad loans (0.1%).
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 05:03 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
TowneBank is covered by 10 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brett Scheiner | FBR Capital Markets & Co. |
| David Bishop | Hovde Group, LLC |
| Christopher McGratty | Keefe, Bruyette, & Woods |