TowneBank (TOWN) Financial Statements & Analysis

TowneBank (TOWN) Income Statement

TowneBank reported revenue of $833.68M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 20.2% from $693.83M a year earlier. Net income was $169.53M, up 5.1% year over year, a net margin of 20.3%. Gross margin was 84.1% and operating margin 25.2%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $443.64M, up 117.8% from the same quarter a year earlier.

TowneBank Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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TowneBank income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	833.69	693.83	674.74	686.38	720.08	742.25	672.71	612.75	492.39
Cost of Revenue	306.59	331.38	266.14	65.18	24.31	147.19	118.84	89.29	49.41
Gross Profit	701.33	692.51	676.41	677.77	695.77	595.06	553.87	523.46	442.98
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	348.83	321.53	305.22	279.92	266.94	253.39	248.28	230.43	192.27
Operating Expenses	491.11	502.67	490.19	440.72	415.94	393.72	377.60	351.46	295.38
Operating Income	210.22	190.48	186.22	237.05	279.83	201.33	176.27	172.00	147.60
Other Income/Expense
Interest Income	846.26	774.53	705.24	517.94	443.45	460.16	467.83	421.82	305.10
Interest Expense	282.65	331.92	247.46	56.57	41.08	80.02	109.47	80.75	43.98
Other Income/Expense	0.00	-0.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	210.22	189.92	186.22	237.05	279.83	201.33	176.27	172.00	147.60
Income Tax Expense	39.43	27.55	30.92	46.58	54.80	31.90	32.60	34.23	54.81
Net Income	169.53	161.36	153.21	188.99	215.38	145.54	138.78	133.79	87.66
Net Income - Continuous Operations	170.79	162.37	153.72	190.47	215.38	145.54	138.78	133.79	87.66
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	250.44	225.55	220.45	265.75	308.63	230.39	205.64	200.73	172.10
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	16.78	12.77	34.22	10.62	28.80	29.06	29.37	28.72	24.50
Earnings Per Share
Basic EPS	2.00	2.00	2.00	3.00	3.00	2.00	2.00	2.00	1.00
Diluted EPS	2.00	2.00	2.00	3.00	3.00	2.00	2.00	2.00	1.00
Basic Shares Outstanding	76.41	74.93	74.65	72.56	72.48	72.29	72.06	71.15	62.17
Diluted Shares Outstanding	76.75	75.17	74.66	72.58	72.56	72.35	72.19	71.29	62.39

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About TowneBank Financial Statements

What was TowneBank's revenue in fiscal 2025?

TowneBank reported revenue of $833.68M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 20.2% from $693.83M a year earlier.

Is TowneBank profitable?

Yes. TowneBank earned net income of $169.53M in fiscal 2025, a net margin of 20.3%. In fiscal 2024 it earned $161.36M.

What is TowneBank's operating margin?

TowneBank's operating income was $210.22M on revenue of $833.68M in fiscal 2025, an operating margin of 25.2%, compared with 27.5% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition