TowneBank (TOWN) Q2 Earnings and Revenues Top Estimates

TowneBank (TOWN) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 16.33%. A quarter ago, it was expected that this community bank would post earnings of $0.48 per share when it actually produced earnings of $0.48, delivering no surprise. Over the last four quarters, the company has su ...