TowneBank (NASDAQ:TOWN) reported Q4 revenue of $219.9M, up 24.2% YoY, with net interest income steady but EPS missing; management highlighted tangible book value growth, closed deals and capital deployment while the bank added William A. “Billy” Gwaltney Jr. to its board amid a modest stock uptick.
Previous Week Recap
- TowneBank Q4 Revenue Growth: TowneBank (TOWN) Q4 revenue $219.9M (+24.2% YoY). Net interest income in line; EPS missed. Management cites tangible book value growth, closed deals, capital deployment. Stock +1.8% at $36.71.
- TowneBank Board Adds Gwaltney: TowneBank (TOWN) added William A. “Billy” Gwaltney Jr. to its corporate board. Gwaltney is president of Indika Farms and chairs TowneBank’s Suffolk/Western Tidewater regional board.
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