TowneBank Q2 Earnings, Revenue Rise

MT Newswires Live

07/23

TowneBank (TOWN) reported late Wednesday Q2 earnings of $2.09 per diluted share, up from $0.54 a year earlier.

Analysts polled by FactSet expected $0.79.

Total revenue for the quarter ended June 30 was $444.3 million, up from $210.1 million a year earlier.

Analysts expected $248.6 million.

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