Towne Bank (TOWN) Reports Q4 EPS of $0.20
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TowneBank Reports Full Year and Fourth Quarter Financial Results for 2014
February 2, 2015 7:59 PM ESTSUFFOLK, Va., Feb. 2, 2015 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (the "Bank") (Nasdaq: TOWN) today reported financial results for the full year and the fourth quarter ended December 31, 2014.
Record Earnings for Full Year 2014
The Bank reported record annual earnings of $42.17 million for the year ended December 31, 2014, as compared to the $41.76 million earned in 2013. The Bank's annual earnings for 2014 included a net of tax charge of $5.49 million in non-recurring severance and acquisition-related charges recorded during the year.
Net income available to common shareholders increased 10.31% to $41.40 million after preferred dividend payments of $0.76... More
