Company TowneBank

Company TowneBank

TOWN

US89214P1093

Banks

Analysts' Consensus

Equities

TOWN

US89214P1093

Banks

Analysts' Consensus

Business Summary

Sales per Business

Sales per region

Managers

Members of the board

Share class

Shareholders

Company contact information

Group companies

Sector

Sales per Business

Ratings for TowneBank

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Other Banks

Business Summary

Sales per Business

Sales per region

Managers

Members of the board

Share class

Shareholders

Company contact information

Group companies

Sector

Sales per Business

Ratings for TowneBank

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Other Banks

Market Closed - Nasdaq Other stock markets 21:30:00 03/05/2024 BST			5-day change	1st Jan Change
27.3 ^USD	+1.00%		+1.41%	-8.27%

04-24	Earnings Flash (TOWN) TOWNEBANK Posts Q1 EPS $0.48	MT
04-24	TowneBank Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

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.

Number of employees: 2,784

USD in Million	2022	Weight	2023	Weight	Delta
Banking 73.0 %	495	72.1 %	500	73.0 %	+0.82%
Realty 13.8 %	117	17.0 %	95	13.8 %	-19.02%
Insurance 13.2 %	74	10.8 %	90	13.2 %	+21.58%

USD in Million	2022	Weight	2023	Weight	Delta
United States 100.0 %	687	100.0 %	694	100.0 %	+1.05%

Managers	Title	Age	Since
R. Morgan FOU	Founder	78	02/09/98
William Foster CEO	Chief Executive Officer	67	31/01/05
G. Aston CHM	Chairman	78	31/03/99
William Littreal DFI	Director of Finance/CFO	53	31/03/08
Denys Diaz CTO	Chief Tech/Sci/R&D Officer	57	31/12/15
R. Clark COO	Chief Operating Officer	56	31/12/05
Richard Bray BRD	Director/Board Member	77	31/12/05
Jacqueline Amato BRD	Director/Board Member	73	30/09/10
Thomas Norment BRD	Director/Board Member	77	31/12/08
Douglas Ellis BRD	Director/Board Member	78	31/12/09

Members of the board	Title	Age	Since
William Morrison BRD	Director/Board Member	61	26/06/16
R. Morgan FOU	Founder	78	02/09/98
John Lawson BRD	Director/Board Member	71	31/12/03
G. Aston CHM	Chairman	78	31/03/99
Andrew Fine BRD	Director/Board Member	86	31/12/98
Jacqueline Amato BRD	Director/Board Member	73	30/09/10
Bradford Cherry BRD	Director/Board Member	82	31/12/98
William Lewis BRD	Director/Board Member	77	31/12/98
Douglas Ellis BRD	Director/Board Member	78	31/12/09
Howard Jung BRD	Director/Board Member	77	31/12/17

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	74,990,437	73,648,534 ( 98.21 %)	0	98.21 %

Name	Equities	%	Valuation
Vanguard Fiduciary Trust Co. 10.20 %	7,416,407	10.20 %	208 M $
BlackRock Advisors LLC 7.630 %	5,548,798	7.630 %	156 M $
Dimensional Fund Advisors LP 5.551 %	4,036,878	5.551 %	113 M $
T. Rowe Price Investment Management, Inc. 5.311 %	3,862,042	5.311 %	108 M $
Nuance Investments LLC 3.315 %	2,410,827	3.315 %	68 M $
John Lawson 2.781 %	2,022,516	2.781 %	57 M $
STATE STREET CORPORATION 2.616 %	1,902,688	2.616 %	53 M $
Geode Capital Management LLC 2.138 %	1,554,615	2.138 %	44 M $
Charles Schwab Investment Management, Inc. 1.078 %	784,137	1.078 %	22 M $
American Century Cos., Inc. 0.9432 %	685,947	0.9432 %	19 M $

TowneBank

5716 High Street

23703-4502, Portsmouth

+757 638 7500

http://www.townebank.com

Name	Category and Sector
Coastal Home Mortgage Co. LLC Coastal Home Mortgage Co. LLC Finance/Rental/LeasingFinance Coastal Home Mortgage Co. LLC provides mortgages services. The firm lending needs of real estate professionals, builders and individual homebuyers. The company is headquartered in Virginia Beach, VA.	Finance/Rental/Leasing
Newtowne Mortgage LLC
Advance Financial Group LLC Advance Financial Group LLC Financial ConglomeratesFinance Part of TowneBank, Advance Financial Group LLC is a private company that provides investment services. The company is based in Virginia Beach, VA.	Financial Conglomerates
HomeSale Mortgage LLC HomeSale Mortgage LLC Finance/Rental/LeasingFinance Part of TowneBank, HomeSale Mortgage LLC is a mortgage lender that offers a variety of loan programs and specializes in construction and renovation loans. HomeSale Mortgage is based in Lancaster, PA. The private company is dedicated to providing a personal experience with advanced technology and has a team of local mortgage loan officers ready to assist customers.	Finance/Rental/Leasing
Towne First Mortgage LLC Towne First Mortgage LLC Finance/Rental/LeasingFinance Part of TowneBank, Towne First Mortgage LLC is a mortgage company that is dedicated to providing a personal experience to its clients while utilizing advanced technology. The private company is based in Glen Allen, VA. The company offers a variety of loan programs to best fit the needs of its clients.	Finance/Rental/Leasing
Towne Mortgage of the Carolinas LLC Towne Mortgage of the Carolinas LLC Finance/Rental/LeasingFinance Part of TowneBank, Towne Mortgage of the Carolinas LLC is a mortgage lender that offers a personal experience with advanced technology. The private company is based in Raleigh, NC. The company's team of local mortgage loan officers is dedicated to helping customers find the best loan program to fit their needs.	Finance/Rental/Leasing
Towne Mortgage LLC Towne Mortgage LLC Finance/Rental/LeasingFinance Part of TowneBank, Towne Mortgage LLC is a private company that provides mortgage lending services. The company is based in Virginia Beach, VA.	Finance/Rental/Leasing
Coastal Towne Mortgage LLC Coastal Towne Mortgage LLC Finance/Rental/LeasingFinance Part of TowneBank, Coastal Towne Mortgage LLC is an American company dedicated to providing a personal experience in mortgage lending with advanced technology. The private company is located in the US. The company offers a wide array of loan programs to meet the needs of their customers.	Finance/Rental/Leasing

Trading Rating

Investor Rating

ESG Refinitiv

D+

More Ratings

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

27.3 USD

Average target price

31 USD

Spread / Average Target

+13.55%

Consensus

Estimates Revisions

Company calendar

	1st Jan change	Capi.
TOWNEBANK	-8.27%	2.02B
JPMORGAN CHASE & CO.	+12.00%	547B
BANK OF AMERICA CORPORATION	+10.60%	291B
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED	+12.04%	250B
WELLS FARGO & COMPANY	+21.78%	209B
BANK OF CHINA LIMITED	+17.11%	171B
CHINA CONSTRUCTION BANK CORPORATION	+11.40%	169B
HSBC HOLDINGS PLC	+11.01%	164B
ROYAL BANK OF CANADA	+3.27%	143B
HDFC BANK LIMITED	-11.10%	139B

Other Banks

Financials

Banking & Investment Services

Banking Services

Other Banks