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About the company
TowneBank is engaged in offering retail and commercial banking services to various markets in Virginia and North Carolina. The Company operates through three segments: Banking, Realty and Insurance. The Banking segment provides loan and deposit services to retail and commercial customers. It also provides commercial mortgage brokerage services and a variety of investment and asset management services. The Realty segment offers residential real estate services, mortgage loans, resort property management, and residential and commercial title insurance. The Insurance segment provides a full line of commercial and consumer insurance products and financial services, as well as employee benefit services. It operates over 45 banking offices (eight of which operate as Farmers Bank, a division of TowneBank) throughout Hampton Roads and Central Virginia, as well as Northeastern and Central North Carolina. Its subsidiaries include Towne Investments, LLC, TowneBank Heritage Forest, LLC and others.
- Revenue in USD (TTM)517.94m
- Net income in USD188.99m
- Incorporated1998
- Employees2.62k
- LocationTowneBank5716 High StreetPORTSMOUTH 23703-4502United StatesUSA
- Phone+1 (757) 638-7500
- Websitehttps://townebank.com/
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Mergers & acquisitions
| Acquired company | TOWN:NSQ since announced | Transaction value |
|---|---|---|
| Farmers Bankshares Inc | -1.13% | 58.67m |
Data delayed at least 15 minutes, as of Feb 01 2023 21:00 GMT.
Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Enterprise Financial Services Corp | 515.08m | 199.00m | 2.00bn | 1.03k | 10.09 | 1.38 | 13.46 | 3.74 | 5.31 | 5.31 | 14.22 | 40.86 | -- | -- | -- | -- | 1.53 | 1.30 | -- | -- | -- | -- | 38.09 | 32.85 | -- | -- | -- | 18.96 | 34.41 | 20.52 | 49.56 | 26.98 | -- | 15.39 |
| Renasant Corp | 541.81m | 166.07m | 2.03bn | 2.41k | 12.26 | 0.9483 | 13.21 | 3.21 | 2.95 | 2.95 | 11.22 | 38.18 | -- | -- | -- | -- | 0.9827 | 1.04 | -- | -- | -- | -- | 26.34 | 24.02 | -- | -- | -- | 32.98 | 15.60 | 7.65 | -5.59 | 9.26 | -- | -0.6682 |
| Park National Corporation | 378.25m | 148.35m | 2.04bn | 1.69k | 13.81 | 1.90 | 16.06 | 4.21 | 9.07 | 9.07 | 29.51 | 65.74 | -- | -- | -- | -- | 1.53 | 1.47 | -- | -- | -- | -- | 30.71 | 29.80 | -- | -- | -- | 50.84 | 9.37 | 5.72 | -3.63 | 11.67 | -- | 2.04 |
| Heartland Financial USA Inc | 674.66m | 204.13m | 2.11bn | 2.21k | 10.37 | 1.30 | 12.85 | 2.90 | 4.79 | 4.79 | 17.05 | 40.86 | -- | -- | -- | -- | 1.07 | 1.09 | -- | -- | -- | -- | 29.21 | 26.96 | -- | -- | -- | -- | 14.59 | 13.16 | -3.65 | 18.98 | -- | 13.26 |
| Hilltop Holdings Inc. | 591.12m | 113.13m | 2.13bn | 4.90k | 20.35 | 1.04 | 18.90 | 1.65 | 1.62 | 1.62 | 18.28 | 31.62 | -- | -- | -- | -- | 0.6825 | 1.61 | -- | -- | -- | -- | 9.24 | 15.85 | -- | -- | -- | 13.78 | 11.54 | 3.11 | -69.79 | 1.67 | -- | 19.53 |
| WesBanco Inc | 513.66m | 181.99m | 2.21bn | 2.39k | 12.35 | 0.9696 | -- | 3.74 | 3.03 | 3.03 | 9.83 | 40.99 | -- | -- | -- | -- | 1.13 | 1.15 | -- | -- | -- | -- | 32.47 | 31.17 | -- | -- | -- | 49.33 | 5.92 | 9.09 | -21.60 | 11.16 | -- | 10.76 |
| Banner Corp | 572.57m | 195.38m | 2.23bn | 1.89k | 11.49 | 1.53 | 14.13 | 3.54 | 5.67 | 5.67 | 18.23 | 42.59 | -- | -- | -- | -- | 1.20 | 1.14 | -- | -- | -- | -- | 31.09 | 27.58 | -- | -- | -- | -- | 10.00 | 6.79 | -2.82 | 13.58 | -- | -- |
| TowneBank | 517.94m | 188.99m | 2.29bn | 2.62k | 11.78 | 1.19 | 13.81 | 3.33 | 2.60 | 2.60 | 9.45 | 25.73 | -- | -- | -- | -- | 1.18 | 1.31 | -- | -- | -- | -- | 27.73 | 27.72 | -- | -- | -- | 31.96 | 16.80 | 11.16 | -12.26 | 14.09 | -- | 9.75 |
| Seacoast Banking Corporation of Florida | 380.49m | 106.51m | 2.32bn | 989.00 | 19.42 | 1.44 | 25.46 | 5.37 | 1.67 | 1.67 | 6.73 | 22.45 | -- | -- | -- | -- | 0.9759 | 1.16 | -- | -- | -- | -- | 24.64 | 28.52 | -- | -- | -- | -- | 33.86 | 14.71 | -14.39 | 15.66 | -- | -- |
| Washington Federal Inc. | 749.34m | 250.93m | 2.35bn | 2.13k | 9.36 | 1.16 | 10.15 | 3.33 | 3.84 | 3.84 | 10.78 | 35.55 | -- | -- | -- | -- | 1.28 | 1.13 | -- | -- | -- | -- | 37.67 | 35.25 | -- | -- | -- | 32.05 | 12.63 | 3.95 | 27.72 | 5.02 | -5.28 | 10.00 |
| First Financial Bancorp | 585.00m | 217.61m | 2.42bn | 2.01k | 11.11 | 1.19 | 14.05 | 3.42 | 2.30 | 2.30 | 7.50 | 21.51 | -- | -- | -- | -- | 1.31 | 1.29 | -- | -- | -- | -- | 30.69 | 30.17 | -- | -- | -- | 45.20 | 21.06 | 11.92 | 6.07 | 19.69 | -- | 6.23 |
| First Merchants Corp | 605.01m | 220.68m | 2.51bn | 1.82k | 11.16 | 1.25 | 15.78 | 4.00 | 3.81 | 3.81 | 10.85 | 34.39 | -- | -- | -- | -- | 1.33 | 1.37 | -- | -- | -- | -- | 35.36 | 35.96 | -- | -- | -- | 32.01 | 35.46 | 13.95 | 7.37 | 16.88 | -- | 12.62 |
| Columbia Banking System Inc | -100.00bn | -100.00bn | 2.52bn | 2.26k | -- | 1.14 | -- | -- | -- | -- | -- | 28.14 | -- | -- | -- | -- | -- | 1.20 | -- | -- | -- | -- | -- | 31.38 | -- | -- | -- | 43.10 | 20.60 | 11.52 | 23.55 | 15.16 | -- | 6.40 |
| First Bancorp | 862.61m | 305.07m | 2.54bn | 3.08k | 8.76 | 1.92 | 9.96 | 2.77 | 1.59 | 1.59 | 4.78 | 7.25 | -- | -- | -- | -- | 1.55 | 1.32 | -- | -- | -- | -- | 33.22 | 28.22 | -- | -- | -- | 21.73 | 8.54 | 7.95 | 10.00 | 36.54 | -- | -- |
| Independent Bank Group Inc | -100.00bn | -100.00bn | 2.56bn | 1.54k | -- | 1.07 | -- | -- | -- | -- | -- | 57.91 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Data as of Feb 01 2023. Currency figures normalised to TowneBank's reporting currency: US Dollar USD
35.87%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| The Vanguard Group, Inc.as of 30 Sep 2022 | 7.24m | 9.95% |
| BlackRock Fund Advisorsas of 30 Sep 2022 | 4.70m | 6.46% |
| T. Rowe Price Investment Management, Inc.as of 30 Sep 2022 | 3.68m | 5.06% |
| Dimensional Fund Advisors LPas of 30 Sep 2022 | 3.23m | 4.44% |
| SSgA Funds Management, Inc.as of 30 Sep 2022 | 1.62m | 2.23% |
| American Century Investment Management, Inc.as of 30 Sep 2022 | 1.50m | 2.07% |
| Geode Capital Management LLCas of 30 Sep 2022 | 1.24m | 1.70% |
| Goldman Sachs Asset Management LPas of 30 Sep 2022 | 1.14m | 1.57% |
| Nuance Investments LLCas of 30 Sep 2022 | 980.34k | 1.35% |
| Renaissance Technologies LLCas of 30 Sep 2022 | 745.48k | 1.03% |
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Data from 30 Sep 2022 - 30 Sep 2022Source: FactSet Research Systems Inc.
