Towne Bank (NASDAQ:TOWN) reported quarterly earnings of $0.68 per share which beat the analyst consensus estimate of $0.62 by 9.68 percent. This is a 41.67 percent increase over earnings of $0.48 per share from the same period last year. The company reported quarterly sales of $192.04 million which beat the analyst consensus estimate of $190.61 million by 0.75 percent. This is a 14.93 percent increase over sales of $167.10 million the same period last year.