Towne Bank (NASDAQ:TOWN) reported its Q4 earnings results on Thursday, January 27, 2022 at 08:30 AM.
Here's what investors need to know about the announcement.
Earnings
Towne Bank missed estimated earnings by 9.84%, reporting an EPS of $0.55 versus an estimate of $0.61, which did not surprise analysts.
Revenue was up $11.43 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02, which was followed by a 1.64% increase in the share price the next day.
Here's a look at Towne Bank's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.67 | 0.68 | 0.63 | 0.54 |
| EPS Actual | 0.69 | 0.77 | 0.95 | 0.69 |
| Revenue Estimate | 161.69M | 167.46M | 164.84M | 160.01M |
| Revenue Actual | 170.08M | 167.32M | 182.51M | 171.85M |
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
