Towne Bank (TOWN) Expected to Announce Quarterly Earnings on Wednesday

Posted by George Bondi on Jul 21st, 2026

Towne Bank (NASDAQ:TOWN – Get Free Report) is expected to post its Q2 2026 results before the market opens on Wednesday, July 22nd. Analysts expect the company to announce earnings of $0.76 per share and revenue of $245.3320 million for the quarter. Individuals may review the information on the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Thursday, July 30, 2026 at 12:30 PM ET.

Towne Bank (NASDAQ:TOWN – Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. The business had revenue of $247.62 million during the quarter, compared to the consensus estimate of $274.02 million. Towne Bank had a net margin of 13.51% and a return on equity of 9.91%. The business’s revenue was up 34.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 EPS. On average, analysts expect Towne Bank to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Towne Bank Trading Down 0.4%

Shares of Towne Bank stock opened at $36.41 on Tuesday. Towne Bank has a twelve month low of $31.91 and a twelve month high of $37.86. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $35.09 and a 200-day moving average price of $34.94. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 18.39 and a beta of 0.69.

Towne Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, June 26th. This is a boost from Towne Bank’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a yield of 3.1%. Towne Bank’s dividend payout ratio is currently 56.57%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TOWN. Keefe, Bruyette & Woods restated a “market perform” rating and set a $38.00 price target (down from $42.00) on shares of Towne Bank in a report on Wednesday, May 6th. Weiss Ratings raised Towne Bank from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. Zacks Research upgraded Towne Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Hovde Group cut their target price on shares of Towne Bank from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.50.

Get Our Latest Stock Report on TOWN

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in Towne Bank by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,339,745 shares of the bank’s stock valued at $144,819,000 after purchasing an additional 17,143 shares during the period. State Street Corp increased its position in shares of Towne Bank by 1.0% during the 4th quarter. State Street Corp now owns 2,138,398 shares of the bank’s stock valued at $71,931,000 after purchasing an additional 21,482 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Towne Bank by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,811,213 shares of the bank’s stock valued at $60,448,000 after purchasing an additional 12,672 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Towne Bank by 6.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 613,323 shares of the bank’s stock valued at $21,203,000 after buying an additional 35,286 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Towne Bank by 34.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 569,906 shares of the bank’s stock valued at $19,018,000 after buying an additional 147,244 shares during the period. Hedge funds and other institutional investors own 55.99% of the company’s stock.

Towne Bank Company Profile

(Get Free Report)

TowneBank is a Virginia‐based financial services company organized as a bank holding company. Its primary subsidiary, TowneBank, operates a network of community banking offices and mortgage production facilities. The company offers a comprehensive range of commercial and consumer banking solutions, including deposit accounts, lending products, treasury management, and private banking services tailored to individuals, small businesses, and middle‐market corporations.

In addition to traditional banking, TowneBank provides specialty services through affiliated subsidiaries.