TowneBank: Q2 Earnings Snapshot

PORTSMOUTH, Va. (AP) _ TowneBank (TOWN) on Thursday reported net income of $55.8 million in its second quarter.

The Portsmouth, Virginia-based bank said it had earnings of 77 cents per share.

The community bank posted revenue of $178 million in the period. Its revenue net of interest expense was $167.3 million, beating Street forecasts.

TowneBank shares have risen 28% since the beginning of the year. The stock has increased 69% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on TOWN at

Copyright © 2021 . All rights reserved. This website is not intended for users located within the European Economic Area.


Sign up for breaking news alerts