• Price (USD)24.76
  • Today's Change1.22 / 5.18%
  • Shares traded289.13k
  • 1 Year change-17.02%
  • Beta0.9721
Data delayed at least 15 minutes, as of Jun 02 2023 21:00 BST.
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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)572.98m
  • Net income in USD181.73m
  • Incorporated1998
  • Employees2.77k
  • Location
    TowneBank5716 High StreetPORTSMOUTH 23703-4502United StatesUSA
  • Phone+1 (757) 638-7500
  • Websitehttps://townebank.com/
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
TOWN:NSQ since
Farmers Bankshares IncDeal completed18 Aug 202218 Aug 2022Deal completed-20.10%58.67m
Data delayed at least 15 minutes, as of Jun 02 2023 21:00 BST.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/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)
(YOY change %)
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
(5 yr growth rate)
Renasant Corp615.66m178.60m1.62bn2.33k9.100.74047.442.433.173.1711.8539.01--------1.041.04--------26.8024.02------33.0615.607.65-5.599.262.61-0.6682
Banner Corp616.64m206.97m1.64bn1.93k7.961.077.172.526.016.0118.9744.64--------1.281.14--------31.7027.58------40.5910.006.79-2.8213.583.7612.42
First Merchants Corp701.86m235.71m1.70bn2.12k7.180.80586.872.543.973.9711.2735.82--------1.411.37--------35.5135.96------31.5935.4613.957.3716.88--12.62
Bank of Hawaii Corp655.13m209.94m1.72bn2.08k8.201.467.422.445.295.2917.8034.16--------0.92821.09--------30.8531.86------50.0913.413.47-12.972.97-1.156.54
Park National Corporation408.00m143.21m1.75bn1.73k12.341.6111.033.578.758.7529.9666.91--------1.471.47--------29.2129.80------55.199.375.72-3.6311.672.492.04
Bancorp Inc374.62m150.37m1.82bn717.0012.552.5411.864.702.652.656.8313.11--------2.051.56--------38.7631.30------0.0038.8020.3717.9030.3358.39--
Washington Federal Inc.853.85m267.51m1.86bn2.13k6.920.89666.172.524.094.0911.3036.10--------1.321.13--------38.1635.25------32.0512.633.9527.725.02-5.2810.00
CVB Financial Corp.543.35m247.47m1.86bn1.07k7.470.93539.573.261.791.794.1014.28--------1.471.50--------43.6841.55------48.4022.3612.3710.5714.821.847.60
Seacoast Banking Corporation of Florida460.25m97.75m1.90bn1.49k15.180.928216.013.851.481.487.1624.24--------0.74731.16--------19.7928.52------13.4233.8614.71-14.3915.6617.23--
First Financial Bancorp679.75m246.71m1.98bn2.11k8.010.93557.152.562.602.608.1922.29--------1.501.29--------31.7830.17------44.6421.0611.926.0719.6916.086.23
Pacific Premier Bancorp, Inc.821.38m275.86m2.00bn1.43k7.130.70696.512.542.932.938.3829.58--------1.301.22--------35.4631.07------39.8210.3123.27-16.6633.6512.31--
Fulton Financial Corp981.66m280.76m2.02bn3.30k7.270.83316.461.911.681.686.3415.83--------1.100.998--------27.4726.08------42.2319.555.274.348.11-8.486.53
Hilltop Holdings Inc.663.01m116.68m2.08bn4.12k18.431.0113.551.651.741.7418.7731.63--------0.69481.61--------9.7615.85------13.9411.543.11-69.791.67-20.6519.53
Data as of Jun 02 2023. Currency figures normalised to TowneBank's reporting currency: US Dollar USD

Institutional shareholders

37.41%Per cent of shares held by top holders
HolderShares% Held
The Vanguard Group, Inc.as of 31 Mar 20237.30m10.04%
BlackRock Fund Advisorsas of 31 Mar 20234.72m6.49%
Dimensional Fund Advisors LPas of 31 Mar 20233.63m4.99%
T. Rowe Price Investment Management, Inc.as of 31 Mar 20233.60m4.95%
Nuance Investments LLCas of 31 Mar 20231.82m2.51%
SSgA Funds Management, Inc.as of 31 Mar 20231.77m2.44%
American Century Investment Management, Inc.as of 31 Mar 20231.52m2.10%
Geode Capital Management LLCas of 31 Mar 20231.37m1.89%
Goldman Sachs Asset Management LPas of 31 Mar 2023778.20k1.07%
Charles Schwab Investment Management, Inc.as of 31 Mar 2023692.13k0.95%
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Data from 31 Mar 2023 - 31 Mar 2023Source: FactSet Research Systems Inc.
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