TowneBank

NasdaqGS:TOWN Stock Report

Market Cap: US$2.6b

TowneBank Management

Management criteria checks 4/4

TowneBank's CEO is Bill Foster, appointed in Dec 2022, has a tenure of 19.58 years. total yearly compensation is $1.46M, comprised of 61.5% salary and 38.5% bonuses, including company stock and options. directly owns 0.065% of the company’s shares, worth $1.66M. The average tenure of the management team and the board of directors is 6.6 years and 20.8 years respectively.

Key information

Bill Foster

Chief executive officer

US$1.5m

Total compensation

CEO salary percentage61.5%
CEO tenure2yrs
CEO ownership0.07%
Management average tenure6.6yrs
Board average tenure20.8yrs

Recent management updates

Recent updates

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

TowneBank declares $0.23 dividend

Aug 24

TowneBank GAAP EPS of $0.64 beats by $0.03, revenue of $166.98M

Jul 28

TowneBank's (NASDAQ:TOWN) Dividend Will Be Increased To US$0.23

Jun 21
TowneBank's (NASDAQ:TOWN) Dividend Will Be Increased To US$0.23

CEO Compensation Analysis

How has Bill Foster's remuneration changed compared to TowneBank's earnings?
DateTotal CompensationSalaryCompany Earnings
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 ($USD1.46M) is below average for companies of similar size in the US market ($USD6.66M).

Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.

CEO

Bill Foster (68 yo)

2yrs

Tenure

US$1,464,533

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 Chairman26.9yrsUS$1.65m0.57%
$ 14.5m
William Foster
CEO, President & Director2yrsUS$1.46m0.065%
$ 1.7m
William Littreal
Senior EVP & CFO6.8yrsUS$1.10m0.087%
$ 2.2m
Brian Skinner
President & Regional Banking Director for Virginia and Northeastern North Carolina6.2yrsUS$851.49k0.067%
$ 1.7m
William Morrison
President & CEO of TowneBank Financial Services Group and Directorno dataUS$1.41m0.22%
$ 5.7m
R. Clark
Senior Executive VP & COO1.9yrsno data0.027%
$ 677.1k
Kevin Fly
Senior EVP & Chief Accounting Officer6.6yrsno data0.0074%
$ 188.0k
Denys Diaz
Senior EVP & Chief Information Officer8.5yrsno data0.018%
$ 468.5k
George Whitley
Senior EVP & Chief Legal Officer8.2yrsno data0.027%
$ 694.0k
Scott Williams
Executive VP and Director of Marketing & Member Experience5.9yrsno datano data
James Bradner
Executive Vice President of Towneinsuranceno datano datano data
C. Morgan
President of Portsmouth & Real Estate Finance Groupno datano datano data

6.6yrs

Average Tenure

58yo

Average Age

Experienced Management: TOWN's management team is seasoned and experienced (6.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
G. Aston
Executive Chairman26.9yrsUS$1.65m0.57%
$ 14.5m
William Foster
CEO, President & Director19.6yrsUS$1.46m0.065%
$ 1.7m
William Morrison
President & CEO of TowneBank Financial Services Group and Director8.5yrsUS$1.41m0.22%
$ 5.7m
William Hodsden
Advisor & Director Emeritusno datano datano data
William Copeland
Advisor & Director Emeritusno dataUS$111.64kno data
Gordon Gentry
Chairman of TowneBank Peninsulano dataUS$53.21kno data
Alan Witt
Independent Director20.8yrsUS$114.86k0.13%
$ 3.3m
Jeffrey Benson
Independent Vice Chairman of the Board8.5yrsUS$101.19k0.16%
$ 4.1m
Richard Thurmond
Independent Director24.2yrsUS$85.61k0.12%
$ 3.0m
Juan Montero
Independent Director25.9yrsUS$93.61k0.026%
$ 658.8k
William Lewis
Independent Director25.9yrsUS$101.21k0.24%
$ 6.1m
Elizabeth Robertson
Independent Director9.5yrsUS$119.44k0.082%
$ 2.1m

20.8yrs

Average Tenure

73.5yo

Average Age

Experienced Board: TOWN's board of directors are seasoned and experienced ( 20.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 03:21
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

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.

AnalystInstitution
Brett ScheinerFBR Capital Markets & Co.
David BishopHovde Group, LLC
Christopher McGrattyKeefe, Bruyette, & Woods