Company Overview - TowneBank (TOWN) is a community bank headquartered in Portsmouth, experiencing a price change of -1.5% this year [3] - The bank currently pays a dividend of $0.27 per share, resulting in a dividend yield of 3.22%, which is higher than the Banks - Southeast industry's yield of 2.36% and the S&P 500's yield of 1.48% [3] Dividend Performance - TowneBank's annualized dividend is $1.08, reflecting an 8% increase from the previous year [4] - Over the last five years, the bank has increased its dividend four times, achieving an average annual increase of 8.72% [4] - The current payout ratio is 41%, indicating that the bank pays out 41% of its trailing 12-month earnings per share as dividends [4] Earnings Expectations - The Zacks Consensus Estimate for TowneBank's earnings in 2025 is $2.93 per share, with an expected increase of 34.40% from the previous year [5] - Future dividend growth will depend on earnings growth and the payout ratio [4] Investment Considerations - TowneBank is considered a compelling investment opportunity due to its strong dividend performance and current Zacks Rank of 3 (Hold) [6] - Income investors should note that high-yielding stocks may face challenges during periods of rising interest rates [6]

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for TowneBank, with a focus on how actual results compare to estimates, which could significantly impact stock price [1][2]. Earnings Expectations - TowneBank is expected to report quarterly earnings of $0.75 per share, reflecting a year-over-year increase of +29.3% [3]. - Revenues are projected to be $218.1 million, representing a 24.2% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4]. - The Most Accurate Estimate for TowneBank matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with positive readings being more predictive of earnings beats [8][9]. - TowneBank's current Zacks Rank is 3, which complicates predictions regarding an earnings beat [11]. Historical Performance - In the last reported quarter, TowneBank exceeded the expected earnings of $0.69 per share by delivering $0.81, resulting in a surprise of +17.39% [12]. - Over the past four quarters, TowneBank has beaten consensus EPS estimates three times [13]. Conclusion - While TowneBank does not appear to be a strong candidate for an earnings beat, investors should consider other factors before making investment decisions [16].

Company Overview - TowneBank (TOWN) is based in Portsmouth and operates in the Finance sector, with a year-to-date share price change of 1.09% [3] - The company currently pays a dividend of $0.27 per share, resulting in a dividend yield of 3.14%, which is higher than the Banks - Southeast industry's yield of 2.28% and the S&P 500's yield of 1.5% [3] Dividend Performance - TowneBank's annualized dividend of $1.08 has increased by 8% from the previous year [4] - Over the last five years, the company has raised its dividend four times, achieving an average annual increase of 8.72% [4] - The current payout ratio is 41%, indicating that the company pays out 41% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year 2025, the Zacks Consensus Estimate predicts earnings of $3.00 per share, reflecting a year-over-year growth rate of 37.61% [5] Investment Considerations - TowneBank is considered a compelling investment opportunity due to its strong dividend profile and favorable earnings growth outlook [6] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting a stable investment position [6]

Company Overview - TowneBank (TOWN) is a community bank headquartered in Portsmouth, operating in the Finance sector [3] - The stock has experienced a price change of 5.58% since the beginning of the year [3] Dividend Information - TowneBank currently pays a dividend of $0.27 per share, resulting in a dividend yield of 3%, which is higher than the Banks - Southeast industry's yield of 2.23% and the S&P 500's yield of 1.51% [3] - The company's annualized dividend of $1.08 has increased by 8% from the previous year [4] - Over the last five years, TowneBank has raised its dividend four times, achieving an average annual increase of 8.72% [4] - The current payout ratio is 41%, indicating that the company pays out 41% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for TowneBank's earnings in 2025 is $3.00 per share, reflecting a year-over-year earnings growth rate of 37.61% [5] Investment Appeal - TowneBank is considered an attractive dividend play and a compelling investment opportunity, holding a Zacks Rank of 2 (Buy) [6]

Core Viewpoint - TowneBank has successfully completed its merger with Old Point Financial Corporation, enhancing its market position in the Hampton Roads MSA through the addition of a high-quality core deposit franchise [1][2]. Company Overview - TowneBank, founded in 1999, focuses on building relationships and offers a comprehensive range of banking and financial services, emphasizing a culture of caring and valuing diverse talents [4]. - As of June 30, 2025, TowneBank has total assets of $18.26 billion, making it one of the largest banks headquartered in Virginia [5]. Merger Details - The merger became effective on September 1, 2025, with Old Point National Bank locations operating as "Old Point National Bank, a Division of TowneBank" until February 2026, when systems will be fully integrated [2]. - Old Point Wealth Management will continue to operate under its brand as part of the TowneBank family [2]. Leadership Changes - Following the merger, Robert F. Shuford, Jr., former chairman and CEO of Old Point, has been appointed as a senior executive vice president and will serve as chairman of the TowneBank Peninsula board starting January 1, 2026 [3]. Community Commitment - Both institutions are committed to serving their communities, employees, and shareholders, aiming to build a stronger future together [3].

Core Viewpoint - TowneBank has agreed to acquire Dogwood State Bank to expand its presence in the high-growth markets of the Carolinas, with the transaction expected to close in early 2026, pending regulatory and shareholder approvals [1]. Company Acquisition Details - The acquisition will involve Dogwood shareholders receiving a fixed exchange ratio of 0.700 shares of TowneBank common stock for each outstanding share, valuing the deal at $25.04 per share or $476.2 million [3][7]. - The transaction is anticipated to incur one-time merger and integration costs of $45 million, with expected cost savings of 35% of non-interest expenses, primarily realized in 2026 [4][7]. Financial Impact - TowneBank expects the acquisition to be 8% accretive to its earnings per share by 2027, with a tangible book value per share dilution of 6% at closing and an earn-back period of less than 4 years [4][7]. - The acquisition is expected to enhance TowneBank's position as a premier regional banking company in the Southeast [5]. Leadership and Integration - Steve Jones, the CEO of Dogwood, will continue in a key leadership role as president of TowneBank's North Carolina and South Carolina banking operations [2]. Market Performance - Year-to-date, TowneBank's shares have increased by 3.9%, outperforming the industry growth of 1.8% [6].

Core Viewpoint - TowneBank is set to acquire Dogwood State Bank, enhancing its market presence in North Carolina and South Carolina, particularly along the Interstate 85 corridor and the Eastern North Carolina coast [1][2]. Group 1: Merger Details - The merger agreement stipulates that Dogwood's common shareholders will receive 0.700 shares of TowneBank common stock for each share of Dogwood, valuing the deal at approximately $476.2 million based on TowneBank's stock price [3]. - The combined entity will have total assets of approximately $22 billion, loans of about $16 billion, and deposits around $19 billion upon completion of the transactions [2]. Group 2: Leadership and Management - Steve Jones, CEO of Dogwood, will take on a key leadership role as President of North Carolina and South Carolina banking operations within TowneBank [4]. - Robin Perkins, a current director at Dogwood, will join TowneBank's Corporate Board of Directors following the merger [6]. Group 3: Strategic Implications - The acquisition is expected to be approximately 8.0% accretive to TowneBank's earnings per share for 2027, with fully phased-in cost savings anticipated [2]. - The merger will expand TowneBank's footprint in key markets, including Raleigh, Greensboro-Winston Salem, Greenville, Charlotte, and along the Eastern North Carolina coast [1]. Group 4: Company Backgrounds - TowneBank, founded in 1999, operates over 55 banking offices and has total assets of $18.26 billion as of June 30, 2025 [8][10]. - Dogwood State Bank, headquartered in Raleigh, North Carolina, has approximately $2.4 billion in total assets and focuses on small business lending [11].

Group 1 - TowneBank is a Virginia-based bank and insurance company focusing on Virginia and North Carolina [1] - TowneBank has recently completed an acquisition and announced a new acquisition [1] - The investment group European Small Cap Ideas provides exclusive access to actionable research on Europe-focused investment opportunities [1] Group 2 - The focus of European Small Cap Ideas is on high-quality small-cap investment opportunities, emphasizing capital gains and dividend income [1] - The group offers two model portfolios: the European Small Cap Ideas portfolio and the European REIT Portfolio [1] - Additional features include weekly updates, educational content, and an active chat room for discussions on portfolio developments [1]

Core Viewpoint - TowneBank and Old Point Financial Corporation have received all necessary regulatory approvals to complete their merger, expected to close around September 1, 2025, pending customary closing conditions [1]. Group 1: Merger Details - The merger involves Old Point and its subsidiary, Old Point National Bank, merging with TowneBank [1]. - The deadline for Old Point common stockholders to elect their preferred form of consideration is set for 5:00 p.m. Eastern Time on August 26, 2025 [2]. - Stockholders can choose to receive either $41.00 in cash, 1.14 shares of TowneBank common stock, or a combination of both for each share of Old Point common stock [3]. Group 2: Election Process - To make a valid election, stockholders must submit a completed election form and any required documents to Computershare Trust Company, N.A. before the election deadline [4]. - Stockholders who do not make a proper election by the deadline will have no control over the type of consideration they receive, which may include cash, shares of TowneBank common stock, or a combination thereof [5]. Group 3: Company Background - TowneBank, founded in 1999, offers a full range of banking and financial services, with total assets of $18.26 billion as of June 30, 2025, making it one of the largest banks headquartered in Virginia [10]. - Old Point Financial Corporation operates through The Old Point National Bank of Phoebus and offers a variety of retail and commercial financial services, including mortgage and insurance products [11].

Core Viewpoint - TowneBank (TOWN) is positioned as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating a positive earnings outlook that may continue to drive stock performance [1][2]. Earnings Estimate Revisions - The upward trend in earnings estimate revisions reflects analysts' growing optimism regarding TowneBank's earnings prospects, which is expected to positively influence its stock price [2]. - For the current quarter, the earnings estimate is $0.82 per share, representing a year-over-year increase of +41.4%. The Zacks Consensus Estimate has risen by 12.33% over the last 30 days, with one estimate moving higher and no negative revisions [6]. - For the full year, TowneBank is projected to earn $2.74 per share, marking a year-over-year change of +25.7%. Similar to the current quarter, there has been one upward revision with no negative changes in estimates [7]. Zacks Rank and Performance - TowneBank has achieved a Zacks Rank 2 (Buy), indicating favorable conditions for investment based on the positive estimate revisions. The Zacks Rank system has a proven track record of identifying stocks that outperform the market [8]. - Stocks rated Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500, suggesting that TowneBank may continue to see strong performance [8]. Market Reaction - Investors have shown confidence in TowneBank, as evidenced by a 5.4% increase in its stock price over the past four weeks, driven by solid earnings growth prospects [9].