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Recap: Towne Bank Q4 Earnings


Benzinga | Jan 27, 2022 09:05AM EST

Recap: Towne Bank Q4 Earnings



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 2020EPS Estimate 0.67 0.68 0.63 0.54EPS Actual 0.69 0.77 0.95 0.69Revenue Estimate 161.69M 167.46M 164.84M 160.01MRevenue 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.






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