Loading quotes...

Forecast

Buy	2
Hold	4
Sell	0

News Go to news feed

TowneBank pays quarterly dividend of $0.28

TowneBank's board has declared a cash dividend for the third quarter of $0.28 per common share. The payment date is October 9, 2026, and the record date for shareholders of record is September 25, 2026. Future distributions remain subject to board approval and regulatory restrictions. As of June 30, 2026, the bank reported total assets of $22.62 billion and more than 70 branches in Virginia, North Carolina and South Carolina. » More on de.investing.com
TowneBank reaches 52-week high at $37.87

TowneBank shares closed at $37.87, reaching a 52-week high. The year-to-date return is 13.82% and the one-year return is 5.91%; the P/E ratio is 10.04 with a market capitalization of $3.45 billion and a dividend yield of 3.06%. The company raised its Q2 cash dividend by 3.7% to $0.28 per share (annual dividend $1.12) and appointed William A. Gwaltney Jr. and John O. Wynne Jr. to the board of directors. » More on de.investing.com
TowneBank appoints William A. Gwaltney Jr. and John O. Wynne Jr. to board of directors

TowneBank has appointed William A. Gwaltney Jr. and John O. Wynne Jr. to its board of directors. Gwaltney leads Indika Farms, previously ran Farmers Bank and chairs the Suffolk/Western Tidewater regional board. Wynne is the founder and chairman of Fortis Solutions Group and formerly worked in investment banking. The bank operates more than 70 branches and reported total assets of $22.36 billion and a market capitalization of $3.3 billion as of March 31, 2026. » More on de.investing.com

Historical dividends Dividends

All dividend metrics All metrics

In 2026, TowneBank has already paid €1.56 in dividends. The last payout was in October.

Financials

In the last quarter, TowneBank had revenue of €286.83m and net profit of €72.2m

(EUR)	September 2026	YoY
Revenue	286.83m	17.26%
Gross profit	223.08m	30.64%
Net profit	72.2m	117.37%
EBITDA	87.93m	81.05%

Fundamentals

Metric	Value
Market capitalization	€3.03bn
Number of shares	92.44m
52-week high/low	€34.87 - €28.51
Dividend yield	4.00%
Dividends TTM	€1.33
Beta	0.73
P/E ratio	9.30
PEG ratio	0.12
P/B ratio	1.09
P/S ratio	2.54

Company profile

TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals. The company operates through three segments: Banking, Realty, and Insurance. It accepts various deposits, including demand deposits, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts. The company also offers secured and unsecured personal loans for financing automobiles, home improvements, education, and personal investments; commercial loans for working capital, business expansion, and equipment and machinery purchases; and mortgage loans, as well as real estate acquisition, development, and construction loans. In addition, it provides other services, such as safe deposit boxes, treasury management services, direct deposit of payroll and social security checks, and automatic drafts for various accounts, as well as online, mobile, and on-call banking services. Further, the company offers documentation services to accomplish tax deferral to investors; investment and asset management services; commercial mortgage brokerage services; and other financial services, such as financial, retirement, and estate planning services, as well as assistance on various investment options comprising alternative investments, annuities, margin accounts, convertible bonds, and pension and profit-sharing plans. Additionally, it provides residential real estate, relocation, property management, vacations rental, and title and settlement services; and originates residential mortgage loans. The company also offers life, property, casualty, and vehicle insurance services; and employee benefit programs, such as health, dental, vision, and disability insurance. It operates in Richmond, Virginia, the Greater Hampton Roads region in southeastern Virginia, northeastern North Carolina, Raleigh, Charlotte, Greensboro, and Greenville, North Carolina. TowneBank was incorporated in 1998 and is headquartered in Portsmouth, Virginia.