$37.430
+0.060 (+0.16%)Zum Schluss
TOWN-News
TOWN-Events
Reports Q2 Tangible Book Value per Share at $22.60
Reports Q2 tangible book value per share $22.60. Reports Q2 CET1 capital ratio 12.16%. Reports Q2 net charge-offs .15%. "Our second quarter results demonstrate the strength and resilience of our Main Street Banking model. We continued to expand margin, increase noninterest-bearing deposit balances, and uphold our disciplined approach to credit risk management. Additionally, the sale of Towne Vacations generated a gain of nearly $200 million, significantly enhancing our capital levels and tangible book value. We are pleased by the early results of our strategic growth initiatives in the Carolinas and remain focused on expanding our Insurance business through both organic growth and selective acquisition opportunities," said G. Robert Aston, Jr., Executive Chairman.
TowneBank Declares One-Time Special Dividend of $0.70 per Share
TowneBank announced today that its board of directors declared a one-time special dividend of 70c per common share payable on May 20, to shareholders of record as of the close of business on May 4. The total dividend payout of approximately $65M represents a payment to shareholders of roughly 32% of the estimated $203M gain, before taxes and deal costs, recognized by TowneBank on the sale of its Resort Property Management business that was completed on April 3, for a purchase price of $250M. "Throughout the years we have executed on the unique strategy of building intrinsic value for our shareholders through various investments in non-bank businesses. Today's special dividend is a result of the success of our strategy," said Robert Aston, executive chairman.
TowneBank Reports Q1 Revenue of $246.45M
Reports Q1 revenue $246.45M, consensus $252.75M. Reports Q1 tangible book value per share $21.49. "TowneBank posted a strong first quarter achieving record total revenues of $246 million. We continue to invest in top talent across our Carolina footprint while maintaining a disciplined focus on credit quality, liquidity and robust capital levels to support future growth. Our Main Street Banking model remains well positioned to perform across a broad range of economic conditions," said G. Robert Aston, Jr., Executive Chairman.
Company Reports Q4 Revenue of $219.94M
Reports Q4 revenue $219.94M, consensus $225.43M. Reports Q4 tangible book value per share $21.93. Reports Q4 CET1 capital ratio 11.34%. "We are pleased to announce record 2025 core earnings of $3.02 per share, which excludes the impacts of one-time expenses related to merger activity. This year marks a significant period of transformation for our company as we strengthened our presence in Hampton Roads, completed our expansion in the Richmond markets, and advanced our growing footprint in the Carolinas. We are firmly committed to strong credit performance, robust liquidity and healthy capital levels. As we look ahead to 2026, I want to extend my sincere appreciation to our nearly 3,000 dedicated teammates. Your leadership and commitment to our mission of Serving Others and Enriching Lives make achievements like these possible," said G. Robert Aston, executive chairman.
TowneBank Completes Merger with Dogwood State Bank
TowneBank announced the completion of its merger with Raleigh-based Dogwood State Bank. The merger substantially enhances TowneBank's strategic journey down the fast-growing Interstate 85 corridor from Richmond, Virginia, and into Greenville and the upstate region of South Carolina. The merger also strengthens TowneBank's position in key North Carolina markets, including Raleigh, Charlotte, Greensboro-Winston Salem, and Greenville. In addition, the merger expands the bank's footprint along the Eastern North Carolina coast from the Outer Banks to include Morehead City, Wilmington, and Fayetteville, together with a new location in historic Charleston, South Carolina. A location in Elizabethton, Tennessee, a city near the Tri-Cities area of Johnson City, Kingsport, and Bristol, rounds out the expansion. The merger was announced on August 19, 2025, and received overwhelming support at the special meeting of Dogwood shareholders held in December 2025. Following the merger, which was effective on January 12, 2026, Dogwood locations will operate as "Dogwood State Bank, a Division of TowneBank" until November 2026, when the core systems and operations of Dogwood are scheduled to be converted into those of TowneBank. Steven W. Jones, the former chief executive officer of Dogwood, will continue in a key leadership role with the combined company and join TowneBank as President of the Carolinas, serving as a member of the TowneBank Corporate Management Group. Mr. Jones and George Perkins, a former director of Dogwood, were appointed to the TowneBank Board of Directors, effective January 12, 2026.
Diese Seite dient nur der Recherche und ist keine Anlageberatung. Modelle können falsch liegen. Vergangene Wertentwicklung ist kein Indikator für die Zukunft.