Towne Bank (NASDAQ:TOWN) reported quarterly earnings of $0.70 per share which missed the analyst consensus estimate of $0.71 by 1.82 percent. This is a 32.08 percent increase over earnings of $0.53 per share from the same period last year. The company reported quarterly sales of $219.943 million which missed the analyst consensus estimate of $224.642 million by 2.09 percent. This is a 25.29 percent increase over sales of $175.546 million the same period last year.