TowneBank

NasdaqGS:TOWN Stock Report

Market Cap: US$2.7b

TowneBank Management

Management criteria checks 3/4

TowneBank's CEO is Bill Foster, appointed in Dec 2022, has a tenure of 20.58 years. total yearly compensation is $2.57M, comprised of 43% salary and 57% bonuses, including company stock and options. directly owns 0.081% of the company’s shares, worth $2.14M. The average tenure of the management team and the board of directors is 7.8 years and 21.8 years respectively.

Key information

Bill Foster

Chief executive officer

US$2.6m

Total compensation

CEO salary percentage42.95%
CEO tenure3yrs
CEO ownership0.08%
Management average tenure7.8yrs
Board average tenure21.8yrs

Recent management updates

Recent updates

TowneBank: Acquisitions Boost Earnings (Rating Upgrade)

Aug 18

TowneBank (NASDAQ:TOWN) Is Increasing Its Dividend To $0.27

Jun 01
TowneBank (NASDAQ:TOWN) Is Increasing Its Dividend To $0.27

TowneBank's (NASDAQ:TOWN) Upcoming Dividend Will Be Larger Than Last Year's

May 18
TowneBank's (NASDAQ:TOWN) Upcoming Dividend Will Be Larger Than Last Year's

TowneBank's (NASDAQ:TOWN) Dividend Will Be $0.25

Mar 12
TowneBank's (NASDAQ:TOWN) Dividend Will Be $0.25

TowneBank (NASDAQ:TOWN) Analysts Are Pretty Bullish On The Stock After Recent Results

Jan 26
TowneBank (NASDAQ:TOWN) Analysts Are Pretty Bullish On The Stock After Recent Results

TowneBank (NASDAQ:TOWN) Is Due To Pay A Dividend Of $0.25

Dec 03
TowneBank (NASDAQ:TOWN) Is Due To Pay A Dividend Of $0.25

TowneBank (NASDAQ:TOWN) Has Announced A Dividend Of $0.25

Sep 27
TowneBank (NASDAQ:TOWN) Has Announced A Dividend Of $0.25

TowneBank's (NASDAQ:TOWN) Dividend Will Be $0.25

Aug 31
TowneBank's (NASDAQ:TOWN) Dividend Will Be $0.25

TowneBank (NASDAQ:TOWN) Has Affirmed Its Dividend Of $0.25

Jun 04
TowneBank (NASDAQ:TOWN) Has Affirmed Its Dividend Of $0.25

TowneBank: Manageable CRE Exposure, But The Stock Is A Bit Too Expensive

May 08

The TowneBank (NASDAQ:TOWN) First-Quarter Results Are Out And Analysts Have Published New Forecasts

Apr 26
The TowneBank (NASDAQ:TOWN) First-Quarter Results Are Out And Analysts Have Published New Forecasts

TowneBank's (NASDAQ:TOWN) Shareholders Will Receive A Bigger Dividend Than Last Year

May 28
TowneBank's (NASDAQ:TOWN) Shareholders Will Receive A Bigger Dividend Than Last Year

CEO Compensation Analysis

How has Bill Foster's remuneration changed compared to TowneBank's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

US$170m

Jun 30 2025n/an/a

US$174m

Mar 31 2025n/an/a

US$178m

Dec 31 2024US$3mUS$1m

US$162m

Sep 30 2024n/an/a

US$149m

Jun 30 2024n/an/a

US$151m

Mar 31 2024n/an/a

US$150m

Dec 31 2023US$1mUS$900k

US$154m

Sep 30 2023n/an/a

US$172m

Jun 30 2023n/an/a

US$177m

Mar 31 2023n/an/a

US$182m

Dec 31 2022US$2mUS$603k

US$189m

Sep 30 2022n/an/a

US$182m

Jun 30 2022n/an/a

US$183m

Mar 31 2022n/an/a

US$192m

Dec 31 2021US$2mUS$451k

US$215m

Sep 30 2021n/an/a

US$225m

Jun 30 2021n/an/a

US$209m

Mar 31 2021n/an/a

US$188m

Dec 31 2020US$1mUS$440k

US$146m

Sep 30 2020n/an/a

US$131m

Jun 30 2020n/an/a

US$134m

Mar 31 2020n/an/a

US$134m

Dec 31 2019US$2mn/a

US$139m

Compensation vs Market: Bill's total compensation ($USD2.57M) is below average for companies of similar size in the US market ($USD6.90M).

Compensation vs Earnings: Bill's compensation has increased by more than 20% in the past year.

CEO

Bill Foster (69 yo)

3yrs
Tenure
US$2,571,871
Compensation

Mr. William I. Foster, III, also known as Bill, serves as Chief Executive Officer and President of TowneBank since December 31 2022. He is President of Central Virginia & the Carolinas at TowneBank since S...

Leadership Team

NamePositionTenureCompensationOwnership
G. Aston
Executive Chairman27.9yrsUS$3.02m0.54%
$ 14.5m
William Foster
CEO, President & Director3yrsUS$2.57m0.081%
$ 2.2m
William Littreal
Senior Executive VP & CFO7.8yrsUS$1.68m0.084%
$ 2.2m
Brian Skinner
President & Regional Banking Director for Virginia and Northeastern North Carolina7.2yrsUS$1.30m0.062%
$ 1.7m
R. Clark
Senior Executive VP & COO2.9yrsno data0.029%
$ 776.5k
Kevin Fly
Senior EVP & Chief Accounting Officer7.6yrsno data0.0075%
$ 199.0k
Denys Diaz
Senior EVP & Chief Information Officer9.5yrsno data0.011%
$ 301.5k
George Whitley
Senior Executive VP & Chief Legal Officer9.2yrsno data0.027%
$ 709.1k
James Bradner
Executive Vice President of Towneinsuranceno datano datano data
C. Morgan
President of Portsmouth & Real Estate Finance Groupno datano datano data
Philip Rudisill
Senior Executive VP & Chief Credit Officer14.4yrsno data0.047%
$ 1.2m
Anne C. Conner
President of Public Finance & Community Investment Officer12.6yrsno datano data
7.8yrs
Average Tenure
59yo
Average Age

Experienced Management: TOWN's management team is seasoned and experienced (7.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
G. Aston
Executive Chairman27.9yrsUS$3.02m0.54%
$ 14.5m
William Foster
CEO, President & Director20.6yrsUS$2.57m0.081%
$ 2.2m
Gordon Gentry
Chairman of TowneBank Peninsulano dataUS$53.21kno data
Alan Witt
Independent Director21.8yrsUS$133.50k0.12%
$ 3.3m
Jeffrey Benson
Independent Vice Chairman of the Board9.5yrsUS$105.02k0.16%
$ 4.2m
Richard Thurmond
Independent Director25.2yrsUS$90.02k0.12%
$ 3.1m
Juan Montero
Independent Director26.9yrsUS$98.52k0.027%
$ 727.2k
William Lewis
Lead Independent Director26.9yrsUS$104.52k0.26%
$ 7.0m
Harry Lester
Independent Director15.6yrsUS$90.02k0.057%
$ 1.5m
John Lawson
Independent Director21.8yrsUS$90.02k2.41%
$ 64.2m
William Morrison
Director9.5yrsUS$1.60m0.22%
$ 5.9m
Elizabeth Robertson
Independent Director10.5yrsUS$128.50kno data
21.8yrs
Average Tenure
73yo
Average Age

Experienced Board: TOWN's board of directors are seasoned and experienced ( 21.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/24 20:16
End of Day Share Price 2025/12/23 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

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 Github.

Analyst Sources

TowneBank is covered by 9 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.

AnalystInstitution
David BishopHovde Group, LLC
Catherine Summerson MealorKeefe, Bruyette, & Woods
Casey Orr WhitmanPiper Sandler Companies