Towne Bank (NASDAQ:TOWN) reported quarterly earnings of $0.81 per share which beat the analyst consensus estimate of $0.64 by 26.17 percent. This is a 42.11 percent increase over earnings of $0.57 per share from the same period last year. The company reported quarterly sales of $207.44 million which beat the analyst consensus estimate of $200.68 million by 3.37 percent. This is a 18.56 percent increase over sales of $174.97 million the same period last year.