Towne Bank (TOWN) Reports Q2 EPS of $0.35

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Go back to Towne Bank (TOWN) Reports Q2 EPS of $0.35

TowneBank Reports Second Quarter Earnings

July 24, 2015 4:52 PM EDT

SUFFOLK, Va., July 24, 2015 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (the Bank) (NASDAQ: TOWN) reported record earnings of $17.81 million for the quarter ended June 30, 2015, a 52.54% increase, or $6.14 million, over the $11.68 million reported for the comparative period in 2014.  Fully diluted earnings per share were $0.35 per share compared to $0.33 per share for the comparative period of 2014.   Earnings for the year-to-date period increased 41.84% to $32.35 million as compared to the $22.81 million earned in the same period of 2014.  For the year-to-date period, fully diluted earnings per share were $0.63 per share, down slightly from $0.64 per share in comparative 2014.  Earnings... More