Townebank Reports Third Quarter 2026 Earnings
TowneBank reported Q3 2026 net income of $81.78 million, or $0.88 per diluted share, up from $44.30 million, or $0.58, in the prior-year quarter; core (non-GAAP) EPS was $0.91 versus $0.90 a year ago. Total revenues rose 15.86% to $257.89 million, driven by a $49.26 million increase in net interest income and a tax-equivalent NIM of 3.92%, while noninterest income fell 18.45% on the Resort Property Management segment sale. Credit quality metrics included a $1.18 million provision benefit, a 0.06% net charge-off ratio, and nonperforming loans of 0.26% of loans, up mainly from Dogwood acquisition-related credits.
Key figures
- Eps
- 0.88
- Revenue
- $257.89 million
- Revenue Yoy
- 15.86%
- Npl ratio
- 0.26%
- Cet1 ratio
- 12.47%
- Net income
- $81.78 million
- Total assets
- $22.18 billion
- Total deposits
- $18.46 billion
- Core eps non gaap
- 0.91
- Core roa non gaap
- 1.49%
- Core rotce non gaap
- 16.63%
- Net interest income
- $196.21 million
- Net interest margin
- 3.89%
- Book value per share
- $32.13
- Net charge off ratio
- 0.06%
- Loans held for investment
- $15.10 billion
- Provision for credit losses
- benefit of $1.18 million
- Tax equivalent nim non gaap
- 3.92%
- Tangible book value per share
- $22.30
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.