Towne Bank (TOWN) Posts Q4 EPS of 24c

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Go back to Towne Bank (TOWN) Posts Q4 EPS of 24c

TowneBank Reports Full Year and Fourth Quarter Financial Results for 2015

January 29, 2016 9:01 AM EST

SUFFOLK, Va., Jan. 29, 2016 (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, 2015.

Record Earnings for Full Year 2015

The Bank reported record annual earnings of $62.38 million for the year ended December 31, 2015, as compared to the $42.17 million reported in 2014, representing a 47.93% increase.  Fully diluted earnings per share increased 3.39% to $1.22 per share compared to $1.18 per share for 2014.  Earnings per share were affected in... More