Towne Bank (TOWN) Tops Q3 EPS by 6c

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Go back to Towne Bank (TOWN) Tops Q3 EPS by 6c

TowneBank Reports Third Quarter Earnings

October 22, 2015 6:43 PM EDT

SUFFOLK, Va., Oct. 22, 2015 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (the Bank) (NASDAQ: TOWN) reported earnings of $17.57 million for the quarter ended September 30, 2015, a 44.86% increase, or $5.44 million, over the $12.13 million reported for the comparative period in 2014.  Fully diluted earnings per share were $0.34 per share unchanged from $0.34 per share for the comparative period of 2014. 

Earnings for the year-to-date period increased 42.89% to $49.92 million as compared to the $34.93 million earned in the same period of 2014, while fully diluted earnings per share were $0.98 per share unchanged from comparative 2014.  Earnings per share were affected in 2015 by the issuance of 15.55 million... More