TowneBank TOWN

FinancialsBanking ServicesUnited States of America

Last close 36.25 USD on Nov 1, 2026, +15.7% year to date

Quant rating

Quant rating C Rank 461 of 799 in Financials

Growth B 277 of 799
Valuation C 483 of 799
Quality C 461 of 799
Revisions C 481 of 799
Momentum C 460 of 799

Wall Street consensus Buy (2.50)Average target 39.75 USD +9.7%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 3.4B
Enterprise value: 3.5B
52-week range: 31.32 – 39.00
3-year range: 23.55 – 39.00
Dividend yield: 3.09%
Beta (5 years): 0.75
Shares outstanding: 92.5M
Next earnings: Jan 25, 2027

About the company

TowneBank offers a full range of banking and other financial services. The Company's segments include Banking, Mortgage, and Insurance. The Banking segment provides loan and deposit services to retail and commercial customers. It also provides commercial mortgage brokerage services and a variety of investment and asset management services. Its personal banking services include personal checking, personal lending and personal savings. Its business banking services include business checking, and online banking & treasury services. The Mortgage segment provides originations of a variety of mortgage loans. The Insurance segment provides solutions for businesses, individuals, and community organizations. It operates over 70 banking offices throughout Hampton Roads and Central Virginia, Eastern and Central North Carolina, Greenville and the upstate region of South Carolina, and Charleston, South Carolina.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	846	775	705	518	443	–
Revenue growth	9.3%	9.8%	36.2%	16.8%	−3.6%	13.0%
EPS (basic, normalized)	2.78	2.17	2.05	2.62	2.98	–
EPS growth	28.5%	5.4%	−21.5%	−12.3%	9.5%	0.4%
Gross margin	–	–	–	–	–	–
Net margin	20.0%	20.8%	21.7%	36.5%	48.6%	29.5%
ROE	–	7.8%	7.8%	10.1%	11.6%	9.3%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Tier 1 risk-adjusted capital ratio	12.2%
Long-term debt (mil)	258
Net debt (mil)	–
Total equity (mil)	2,971
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	846	+9.3%	4.2x	30.67	+6.7%	1.2x	3.02	+38.5%	12.0x
2026	994	+17.5%	3.5x	33.29	+8.5%	1.1x	3.15	+4.5%	11.5x
2027	1,055	+6.1%	3.3x	35.86	+7.7%	1.0x	3.50	+10.9%	10.4x
2028	1,144	+8.4%	3.1x	38.08	+6.2%	1.0x	3.67	+5.0%	9.9x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	994	+0.2%	+0.2%	−6.3%	3.15	+1.2%	+1.2%	−1.0%
2027	1,055	+1.2%	+1.2%	−0.4%	3.50	+1.9%	+1.9%	−0.8%
2028	1,144	–	–	–	3.67	–	–	–

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	167	175	175	177	192	207	216	220	246	261
Sales mean (mil)	170	172	180	179	191	201	219	225	256	293
Surprise	−1.5%	+1.6%	−3.2%	−0.8%	+0.8%	+3.4%	−1.6%	−2.1%	−3.9%	−10.9%
EPS reported	0.48	0.57	0.58	0.55	0.68	0.81	0.83	0.70	0.74	0.78
EPS mean	0.48	0.48	0.56	0.48	0.62	0.64	0.78	0.71	0.76	0.79
Surprise	−0.4%	+19.4%	+3.6%	+14.6%	+10.3%	+26.1%	+6.4%	−1.8%	−3.0%	−1.3%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
TOWN TowneBank	3.4B	12.2%	20.0%	1.25x	11.5x	10.4x	1.1x	1.0x
SSB SouthState Bank Corp	10.2B	11.1%	23.6%	1.15x	11.2x	10.2x	1.1x	1.0x
PB Prosperity Bancshares, Inc.	8.6B	15.9%	34.6%	1.33x	12.4x	9.7x	0.9x	0.8x
CBC Central Bancompany, Inc.	8.6B	28.6%	39.4%	1.41x	18.7x	17.6x	2.2x	2.0x
UBSI United Bankshares, Inc.	6.5B	13.3%	27.6%	1.11x	13.0x	12.2x	1.2x	1.1x
HOMB Home BancShares Inc	5.9B	16.3%	37.2%	1.14x	11.7x	11.5x	1.3x	1.2x
Mean		16.2%	30.4%	1.23x	13.1x	11.9x	1.3x	1.2x
Median		14.6%	31.1%	1.20x	12.1x	10.9x	1.1x	1.1x

Technical analysis

1M+0.4%
3M−5.5%
1Y+16.9%
3Y+76.8%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, TowneBank, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Interest income	846	775	705	518	443	460
Total interest expense	283	332	247	56.6	41.1	80.0
Net interest income	564	443	458	461	402	380
Loan loss provision	23.9	−0.5	18.7	8.6	−16.8	6.0
Net interest income after loan loss provision	540	443	439	453	419	374
Non-interest income	272	251	236	226	278	284
Non-interest expense	−602	−504	−489	−441	−417	−457
Net income before taxes	210	190	186	237	280	201
Provision for taxes	39.4	27.5	30.9	46.6	54.8	31.9
Minority interest & equity in affiliates	−1.3	−1.0	−1.4	−1.5	−9.7	−23.9
Other	0	0	0	0	0	0
Net income before extraordinary items	170	161	153	189	215	146
Extraordinary items	–	–	–	–	–	0
Net income	170	161	153	189	215	146
Basic weighted average shares (mil)	76.4	74.9	74.6	72.6	72.5	72.3
Diluted weighted average shares (mil)	76.8	75.2	74.7	72.6	72.5	72.3
Basic EPS excluding extraordinary items	2.22	2.15	2.05	2.60	2.97	2.01
Basic EPS, normalized	2.78	2.17	2.05	2.62	2.98	2.72

Balance sheet in millions of USD, fiscal years

Balance sheet, TowneBank, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & due from banks	130	109	85.6	55.4	17.4	41.5
Other earning assets	4,608	4,301	4,112	3,863	5,870	4,031
Net loans	13,188	11,335	11,203	10,684	9,400	9,509
Property, plant & equipment	477	417	413	383	324	321
Goodwill	594	458	456	458	457	452
Intangibles	96.5	60.2	64.6	43.2	50.4	45.5
Long-term investments	–	–	–	163	102	92.4
Other long-term assets	–	–	–	–	–	–
Other assets	594	559	501	195	141	134
Total assets	19,687	17,238	16,835	15,845	16,361	14,626
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	–	–	–	–	–	–
Accrued expenses	50.0	52.6	53.4	53.3	56.6	64.2
Total deposits	16,509	14,437	13,893	13,294	13,574	11,573
Other bearing liabilities	52.5	3.2	204	29.7	155	456
Short-term borrowings	34.8	33.7	32.8	40.9	76.8	67.8
Current portion of long-term debt	–	–	–	–	–	–
Long-term debt	284	260	285	276	250	432
Minority interest	6.9	15.4	15.9	14.8	16.9	17.0
Other liabilities	328	305	311	262	333	250
Total liabilities	17,265	15,107	14,795	13,971	14,462	12,860
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	132	125	125	121	121	121
Additional paid-in capital	1,255	1,122	1,113	1,052	1,051	1,047
Retained earnings (accumulated deficit)	1,087	1,000	921	841	717	558
Treasury stock	–	–	–	–	–	–
Other equity	−51.7	−116	−119	−141	10.6	41.2
Total equity	2,422	2,132	2,040	1,874	1,899	1,767
Total liabilities & shareholders' equity	19,687	17,238	16,835	15,845	16,361	14,626

Cash flow statement in millions of USD, fiscal years

Cash flow statement, TowneBank, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	171	162	155	190	225	169
Depreciation, depletion & amortization	40.2	35.1	34.2	28.7	28.8	29.1
Deferred taxes	−16.5	−11.6	−3.3	10.4	0.1	−16.9
Non-cash items	−2.1	0.1	−4.2	12.0	10.7	−15.0
Changes in working capital	69.0	−48.2	−22.1	174	254	−38.8
Cash from operations	261	138	159	416	519	128
Investing activities
Capital expenditures	−49.8	−56.6	−42.0	−52.3	−31.2	−45.8
Other investing cash flows	−337	−146	−292	−1,995	−516	−1,073
Cash from investing	−387	−202	−334	−2,047	−547	−1,119
Financing activities
Financing cash flow items	218	544	81.4	−285	1,991	2,282
Cash dividends paid	−79.3	−75.0	−71.4	−62.8	−55.3	−52.2
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−1.6	−193	140	−165	−475	184
Cash from financing	137	276	150	−512	1,461	2,413
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	11.2	211	−24.5	−2,144	1,432	1,422
Free cash flow	212	81.1	117	363	488	82.1

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.