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TowneBank (TOWN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended September 2026, TowneBank (TOWN - Free Report) reported revenue of $259.22 million, up 19.6% over the same period last year. EPS came in at $0.91, compared to $0.83 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $250.72 million, representing a surprise of +3.39%. The company delivered an EPS surprise of +10.98%, with the consensus EPS estimate being $0.82.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how TowneBank performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net interest margin-fully tax equivalent: 3.9% versus 3.8% estimated by two analysts on average.
Net charge-offs to average loans: 0.1% versus the two-analyst average estimate of 0.1%.
Efficiency Ratio: 61.8% versus the two-analyst average estimate of 61.2%.
Residential mortgage banking income, net: $11.19 million compared to the $12.55 million average estimate based on two analysts.
Insurance commissions and other title fees and income, net: $25.64 million compared to the $26.18 million average estimate based on two analysts.
Credit card merchant fees, net: $2.1 million compared to the $1.93 million average estimate based on two analysts.
Service charges on deposit accounts: $4.4 million compared to the $4.7 million average estimate based on two analysts.
Net interest income (tax-equivalent basis): $197.54 million versus $190.88 million estimated by two analysts on average.
Total Noninterest Income: $61.68 million versus the two-analyst average estimate of $59.85 million.
Bank owned life insurance: $3.12 million versus $3 million estimated by two analysts on average.
Shares of TowneBank have returned +1.9% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
View the Zacks #1 Rank List
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TowneBank (TOWN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended September 2026, TowneBank (TOWN - Free Report) reported revenue of $259.22 million, up 19.6% over the same period last year. EPS came in at $0.91, compared to $0.83 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $250.72 million, representing a surprise of +3.39%. The company delivered an EPS surprise of +10.98%, with the consensus EPS estimate being $0.82.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how TowneBank performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for TowneBank here>>>
Shares of TowneBank have returned +1.9% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.