Detail akcie TowneBank online

Business Summary: TowneBank is engaged in offering retail and commercial banking services to various markets in Virginia and North Carolina. The Company operates through three segments: Banking, Realty and Insurance. The Banking segment provides loan and deposit services to retail and commercial customers. It also provides commercial mortgage brokerage services and a variety of investment and asset management services. The Realty segment offers residential real estate services, mortgage loans, resort property management, and residential and commercial title insurance. The Insurance segment provides a full line of commercial and consumer insurance products and financial services, as well as employee benefit services. It operates over 45 banking offices (eight of which operate as Farmers Bank, a division of TowneBank) throughout Hampton Roads and Central Virginia, as well as Northeastern and Central North Carolina. Its subsidiaries include Towne Investments, LLC, TowneBank Heritage Forest, LLC and others.
Financial Summary: BRIEF: For the three months ended 31 March 2024, TowneBank interest income increased 14% to $186.9M. Net interest income after loan loss provision decreased 7% to $104.1M. Net income decreased 10% to $34.7M. Net interest income after loan loss provision reflects Bank segment decrease from $111.9M to $0K. Net income also reflects Deposits increase from $33.9M to $78.4M (expense), Salaries and Employee Benefits increase of 3% to $71.4M (expense).