Towne Bank (NASDAQ:TOWN) reported its Q1 earnings results on Thursday, April 28, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
Towne Bank beat estimated earnings by 8.62%, reporting an EPS of $0.63 versus an estimate of $0.58.
Revenue was down $17.10 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.06 which was followed by a 0.03% drop in the share price the next day.
Here's a look at Towne Bank's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.61 | 0.67 | 0.68 | 0.63 |
| EPS Actual | 0.55 | 0.69 | 0.77 | 0.95 |
| Revenue Estimate | 159.62M | 161.69M | 167.46M | 164.84M |
| Revenue Actual | 160.42M | 170.08M | 167.32M | 182.51M |
To track all earnings releases for Towne Bank visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
