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CORRECTION: Towne Bank Q4 Adj $0.55 Beats $0.48 Estimate, Sales $177.16M Miss $178.57M Estimate

Author: Benzinga Newsdesk | January 22, 2025 04:57pm

Towne Bank (NASDAQ:TOWN) reported quarterly earnings of $0.55 per share which beat the analyst consensus estimate of $0.48 by 14.58 percent. This is a 30.95 percent increase over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $177.16 million which missed the analyst consensus estimate of $178.57 million by 0.79 percent. This is a 13.90 percent increase over sales of $155.55 million the same period last year.

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