Overview

* TowneBank ( TOWN ) Q3 revenue misses analyst expectations, adjusted EPS beats estimates

* Total revenue increased 23.58% yr/yr, driven by acquisitions and partnerships

* Company completed acquisition of Old Point Financial, boosting loans and deposits

Outlook

* Company expects to finalize Dogwood partnership and integrate Old Point systems by Q1 2026

Result Drivers

* ACQUISITIONS - Completion of Old Point acquisition significantly boosted loans and deposits

* REVENUE GROWTH - Total revenue increased 23.58% yr/yr, driven by acquisitions and partnerships

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $215.66 $217.80

Revenue mln mln (4

Analysts

)

Q3 Beat $0.83 $0.78 (4

Adjusted Analysts

EPS )

Q3 EPS $0.51

Q3 Net $39.29

Income mln

Q3 $149.17

Credit mln

Loss

Allowanc

e

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for TowneBank ( TOWN ) is $41.50, about 19.2% above its October 21 closing price of $33.55

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)