TowneBank (TOWN) Q2 Earnings and Revenues Surpass Estimates

TowneBank (TOWN) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +17.39%. A quarter ago, it was expected that this community bank would post earnings of $0.61 per share when it actually produced earnings of $0.68, delivering a surprise of +11.48%.Over the last four quarters, the compa ...