TowneBank (TOWN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Net Interest Income | 172.94M | 158.96M | 146.95M | 137.21M | 120.48M | 118.06M | 112.28M | 109.05M | 103.22M | 107.73M | 113.06M | 113.61M | 123.38M | 128.78M | 124.04M | 109.34M | 99.2M | 100.79M | 100.44M | 101.14M |
| NII Growth % | 43.55% | 34.65% | 30.88% | 25.83% | 16.72% | 9.58% | -0.69% | -4.02% | -16.34% | -16.35% | -8.85% | 3.91% | 24.37% | 27.77% | 23.49% | 8.1% | -0.79% | 0.18% | 3.81% | 8.44% |
| Net Interest Margin % | 0.77% | 0.81% | 0.75% | 0.75% | 0.69% | 0.68% | 0.65% | 0.64% | 0.61% | 0.64% | 0.68% | 0.66% | 0.74% | 0.81% | 0.78% | 0.65% | 0.6% | 0.62% | 0.64% | 0.64% |
| Interest Income | 250.4M | 230.67M | 218.34M | 207.63M | 189.62M | 196.05M | 196.62M | 194.93M | 186.92M | 184.13M | 182.86M | 174.86M | 163.4M | 151.92M | 137.52M | 120.14M | 108.36M | 109.5M | 109.84M | 111.81M |
| Interest Expense | 77.46M | 71.7M | 71.39M | 70.42M | 69.14M | 78M | 84.34M | 85.89M | 83.7M | 76.39M | 69.8M | 61.25M | 40.02M | 23.14M | 13.49M | 10.8M | 9.15M | 8.71M | 9.4M | 10.67M |
| Loan Loss Provision | 344K | -169K | 15.28M | 6.41M | 2.42M | 1.61M | -1.1M | -177K | -877K | 2.45M | 1.01M | 3.56M | 11.67M | 6.07M | 3.92M | 56K | -1.45M | -1.11M | -1.58M | -10.05M |
| Non-Interest Income | 10.13M | 24.47M | 68.71M | 70.23M | 71.57M | 57.86M | 62.24M | 65.92M | 63.88M | 48.78M | 59.81M | 67.96M | 60.77M | 45.97M | 55.2M | 57.64M | 66.21M | 58.3M | 69.63M | 66.18M |
| Non-Interest Income % | 3.89% | 9.59% | 23.94% | 25.27% | 27.4% | 22.79% | 24.04% | 25.27% | 25.47% | 20.94% | 24.65% | 27.99% | 27.11% | 23.23% | 28.64% | 32.42% | 37.93% | 34.74% | 38.8% | 37.18% |
| Total Revenue | 260.53M | 255.14M | 287.06M | 277.86M | 261.18M | 253.91M | 258.86M | 260.86M | 250.8M | 232.91M | 242.66M | 242.82M | 224.16M | 197.88M | 192.72M | 177.78M | 174.56M | 167.8M | 179.48M | 177.99M |
| Revenue Growth % | -0.25% | 0.48% | 10.89% | 6.52% | 4.14% | 9.02% | 6.67% | 7.43% | 11.89% | 17.7% | 25.91% | 36.59% | 28.41% | 17.93% | 7.38% | -0.12% | -10.39% | -9.35% | -14.9% | -3.23% |
| Non-Interest Expense | 132.52M | 130.11M | 153.74M | 150.66M | 130.54M | 126.2M | 126.9M | 123.98M | 125.59M | 122.86M | 117.7M | 125.23M | 124.4M | 110.58M | 112.03M | 108.72M | 109.38M | 109.13M | 104.09M | 105.39M |
| Efficiency Ratio | 50.86% | 51% | 53.56% | 54.22% | 49.98% | 49.7% | 49.02% | 47.53% | 50.08% | 52.75% | 48.5% | 51.57% | 55.49% | 55.88% | 58.13% | 61.16% | 62.66% | 65.04% | 57.99% | 59.21% |
| Operating Income | 50.22M | 53.49M | 46.65M | 50.37M | 59.09M | 48.11M | 48.72M | 51.16M | 42.39M | 31.21M | 54.16M | 52.78M | 48.08M | 58.09M | 63.28M | 58.2M | 57.48M | 51.07M | 67.57M | 71.98M |
| Operating Margin % | 19.27% | 20.96% | 16.25% | 18.13% | 22.62% | 18.95% | 18.82% | 19.61% | 16.9% | 13.4% | 22.32% | 21.74% | 21.45% | 29.36% | 32.83% | 32.74% | 32.93% | 30.43% | 37.65% | 40.44% |
| Operating Income Growth % | -15.01% | 11.17% | -4.24% | -1.56% | 39.4% | 54.18% | -10.04% | -3.07% | -11.83% | -46.28% | -14.42% | -9.3% | -16.36% | 13.76% | -6.36% | -19.15% | -35.57% | -20.58% | 15.4% | 61.08% |
| Pretax Income | 50.22M | 53.49M | 46.65M | 50.37M | 59.09M | 48.11M | 48.72M | 51.16M | 42.39M | 31.21M | 54.16M | 52.78M | 48.08M | 58.09M | 63.28M | 58.2M | 57.48M | 51.07M | 67.57M | 71.98M |
| Pretax Margin % | 19.27% | 20.96% | 16.25% | 18.13% | 22.62% | 18.95% | 18.82% | 19.61% | 16.9% | 13.4% | 22.32% | 21.74% | 21.45% | 29.36% | 32.83% | 32.74% | 32.93% | 30.43% | 37.65% | 40.44% |
| Income Tax | 9.12M | 12.64M | 7.36M | 11.1M | 8.2M | 6.67M | 5.59M | 8.12M | 7.26M | 2.66M | 9.41M | 9.42M | 9.6M | 11.6M | 12.61M | 11.14M | 11.23M | 9.41M | 14.83M | 13.98M |
| Effective Tax Rate % | 18.15% | 23.62% | 15.77% | 22.03% | 13.88% | 13.87% | 11.48% | 15.88% | 17.13% | 8.53% | 17.38% | 17.84% | 19.97% | 19.96% | 19.92% | 19.15% | 19.54% | 18.43% | 21.95% | 19.42% |
| Net Income | 40.99M | 40.63M | 38.98M | 38.84M | 50.59M | 41.27M | 42.95M | 42.86M | 34.69M | 28.8M | 44.86M | 41.72M | 38.33M | 46.69M | 50.17M | 46.55M | 45.59M | 40.18M | 50.4M | 55.8M |
| Net Margin % | 15.73% | 15.92% | 13.58% | 13.98% | 19.37% | 16.25% | 16.59% | 16.43% | 13.83% | 12.37% | 18.49% | 17.18% | 17.1% | 23.59% | 26.03% | 26.18% | 26.11% | 23.95% | 28.08% | 31.35% |
| Net Income Growth % | -18.97% | -1.54% | -9.25% | -9.38% | 45.85% | 43.26% | -4.26% | 2.73% | -9.51% | -38.3% | -10.58% | -10.38% | -15.91% | 16.18% | -0.46% | -16.59% | -33.93% | -19.77% | 46.24% | 61.26% |
| Net Income (Continuing) | 41.1M | 40.85M | 39.29M | 39.27M | 50.89M | 41.44M | 43.13M | 43.04M | 35.13M | 28.55M | 44.74M | 43.37M | 38.48M | 46.49M | 50.67M | 47.05M | 46.25M | 41.66M | 52.74M | 58M |
| EPS (Diluted) | 0.45 | 0.51 | 0.51 | 0.52 | 0.67 | 0.55 | 0.57 | 0.57 | 0.46 | 0.39 | 0.60 | 0.56 | 0.52 | 0.64 | 0.69 | 0.64 | 0.63 | 0.57 | 0.69 | 0.77 |
| EPS Growth % | -32.84% | -7.27% | -10.53% | -8.77% | 45.65% | 41.03% | -5% | 1.79% | -11.54% | -39.06% | -13.04% | -12.5% | -17.46% | 12.28% | 0% | -16.88% | -33.68% | -17.39% | 43.75% | 60.42% |
| EPS (Basic) | 0.45 | 0.52 | 0.51 | 0.52 | 0.67 | 0.55 | 0.57 | 0.57 | 0.46 | 0.39 | 0.60 | 0.56 | 0.52 | 0.64 | 0.69 | 0.64 | 0.63 | 0.57 | 0.70 | 0.77 |
| Diluted Shares Outstanding | 90.78M | 79.11M | 76.76M | 75.54M | 75.53M | 75.31M | 75.14M | 75.04M | 74.98M | 74.79M | 74.77M | 74.7M | 74.39M | 73.06M | 72.58M | 72.57M | 72.56M | 72.59M | 73.04M | 72.56M |