TowneBank: Q2 Earnings Snapshot

PORTSMOUTH, Va. (AP) _ TowneBank (TOWN) on Thursday reported net income of $46.5 million in its second quarter.

The bank, based in Portsmouth, Virginia, said it had earnings of 64 cents per share.

The community bank posted revenue of $177.8 million in the period. Its revenue net of interest expense was $167 million, topping Street forecasts.

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PORTSMOUTH, Va. (AP) _ TowneBank (TOWN) on Thursday reported net income of $46.5 million in its second quarter.

The bank, based in Portsmouth, Virginia, said it had earnings of 64 cents per share.

The community bank posted revenue of $177.8 million in the period. Its revenue net of interest expense was $167 million, topping Street forecasts.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TOWN at https://www.zacks.com/ap/TOWN

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