TOWN
Towne Bank
NASDAQ: TOWN · FINANCIAL SERVICES · BANKS - REGIONAL
$35.56
+1.80% today
Updated 2026-04-30
Market cap
$3.28B
P/E ratio
16.26
P/S ratio
3.74x
EPS (TTM)
$2.21
Dividend yield
3.02%
52W range
$31 – $38
Volume
0.5M
Towne Bank (TOWN) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $160.16M | $192.75M | $194.72M | $223.82M | $234.54M | $239.80M | $257.17M | $260.26M | $268.83M | $329.62M | $408.93M | $492.39M | $612.75M | $672.71M | $742.25M | $720.08M | $742.95M | $942.55M | $1.02B | $1.01B |
| Revenue growth (YoY) | — | +20.3% | +1.0% | +14.9% | +4.8% | +2.2% | +7.2% | +1.2% | +3.3% | +22.6% | +24.1% | +20.4% | +24.4% | +9.8% | +10.3% | -3.0% | +3.2% | +26.9% | +8.7% | -1.6% |
| Cost of revenue | $51.87M | $73.17M | $70.75M | $73.63M | $69.13M | $49.85M | $45.38M | $30.64M | $27.27M | $35.46M | $41.10M | $49.41M | $89.29M | $118.84M | $147.19M | $24.31M | $65.18M | $266.14M | $331.38M | $306.59M |
| Gross profit | $108.29M | $119.58M | $123.97M | $150.19M | $165.42M | $189.94M | $211.79M | $229.61M | $241.56M | $294.16M | $367.83M | $442.98M | $523.46M | $553.87M | $595.06M | $695.77M | $677.77M | $676.41M | $692.51M | $701.33M |
| Gross margin | 67.6% | 62.0% | 63.7% | 67.1% | 70.5% | 79.2% | 82.4% | 88.2% | 89.9% | 89.2% | 89.9% | 90.0% | 85.4% | 82.3% | 80.2% | 96.6% | 91.2% | 71.8% | 67.6% | 69.6% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | $46.28M | $54.95M | $54.62M | $61.82M | $77.00M | $88.31M | $97.60M | $105.69M | $107.62M | $125.00M | $155.01M | $182.41M | $219.24M | $236.00M | $243.74M | $253.44M | $263.92M | $289.83M | $305.90M | $377.72M |
| Operating income | $32.25M | $34.08M | $32.72M | $38.40M | $43.38M | $45.53M | $53.57M | $61.38M | $63.11M | $92.54M | $100.91M | $147.60M | $172.00M | $176.27M | $201.33M | $279.83M | $237.05M | $186.22M | $190.38M | $210.22M |
| Operating margin | 20.1% | 17.7% | 16.8% | 17.2% | 18.5% | 19.0% | 20.8% | 23.6% | 23.5% | 28.1% | 24.7% | 30.0% | 28.1% | 26.2% | 27.1% | 38.9% | 31.9% | 19.8% | 18.6% | 20.9% |
| EBITDA | $38.06M | $41.23M | $41.89M | $48.14M | $53.16M | $56.52M | $65.14M | $73.89M | $77.01M | $108.69M | $121.47M | $172.10M | $200.72M | $205.64M | $230.39M | $308.63M | $265.75M | $220.44M | $225.55M | $210.22M |
| EBITDA margin | 23.8% | 21.4% | 21.5% | 21.5% | 22.7% | 23.6% | 25.3% | 28.4% | 28.6% | 33.0% | 29.7% | 35.0% | 32.8% | 30.6% | 31.0% | 42.9% | 35.8% | 23.4% | 22.0% | 20.9% |
| EBIT | $32.25M | $34.07M | $32.72M | $38.40M | $43.38M | $45.53M | $53.57M | $61.38M | $63.11M | $92.54M | $100.91M | $147.60M | $172.00M | $176.27M | $201.33M | $279.83M | $237.05M | $186.22M | $190.48M | — |
| Interest expense | $49.30M | $70.42M | $63.72M | $60.74M | $46.56M | $36.25M | $29.22M | $26.39M | $26.78M | $32.43M | $35.74M | $43.98M | $80.75M | $109.47M | $80.02M | $41.08M | $56.57M | $247.46M | $331.92M | $282.65M |
| Income tax | $10.46M | $10.82M | $8.75M | $11.65M | $12.46M | $12.73M | $13.96M | $17.14M | $18.18M | $26.88M | $28.70M | $54.81M | $34.23M | $32.60M | $31.90M | $54.80M | $46.58M | $31.09M | $27.65M | $39.42M |
| Effective tax rate | 32.4% | 31.8% | 26.8% | 30.3% | 29.1% | 27.6% | 26.9% | 29.1% | 30.1% | 30.1% | 29.9% | 38.5% | 20.4% | 19.0% | 18.0% | 20.3% | 19.8% | 16.8% | 14.6% | 18.9% |
| Net income | $21.79M | $23.26M | $23.89M | $26.76M | $30.28M | $33.32M | $37.93M | $41.76M | $42.17M | $62.38M | $67.25M | $87.66M | $133.79M | $138.78M | $145.53M | $215.38M | $188.99M | $153.72M | $161.76M | $169.53M |
| Net income growth (YoY) | — | +6.8% | +2.7% | +12.0% | +13.1% | +10.1% | +13.8% | +10.1% | +1.0% | +47.9% | +7.8% | +30.4% | +52.6% | +3.7% | +4.9% | +48.0% | -12.3% | -18.7% | +5.2% | +4.8% |
| Profit margin | 13.6% | 12.1% | 12.3% | 12.0% | 12.9% | 13.9% | 14.7% | 16.0% | 15.7% | 18.9% | 16.4% | 17.8% | 21.8% | 20.6% | 19.6% | 29.9% | 25.4% | 16.3% | 15.8% | 16.8% |