TowneBank (TOWN) Matches Q3 Earnings Estimates

TowneBank (TOWN) came out with quarterly earnings of $0.58 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this community bank would post earnings of $0.49 per share when it actually produced earnings of $0.57, delivering a surprise of 16.33%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.TowneBank, which belongs to th ...