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TowneBank: Q2 Earnings Snapshot

Barchart·07/22/2026 21:08:12
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PORTSMOUTH, Va. (AP) — PORTSMOUTH, Va. (AP) — TowneBank (TOWN) on Wednesday reported net income of $193.2 million in its second quarter.

The Portsmouth, Virginia-based bank said it had earnings of $2.09 per share. Earnings, adjusted for one-time gains and costs, were 78 cents per share.

The community bank posted revenue of $321.2 million in the period. Its revenue net of interest expense was $247 million, missing 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