TowneBank (TOWN) — Financial statements
Income statement, balance sheet, and cash flow for TowneBank — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,008↓1.6% | 1,024↑8.7% | 943↑26.9% | 743↑3.2% | 720 | |
| Cost of Revenue | 307↓7.5% | 331↑24.5% | 266↑308.3% | 65↑168.1% | 24 | |
| Gross Profit | 701↑1.3% | 693↑2.4% | 676↓0.2% | 678↓2.6% | 696 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 378↑23.5% | 306↑5.5% | 290↑9.8% | 264↑4.1% | 253 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 16↑1.5% | 15↓3.8% | 16↑18.5% | 14 | |
| SG&A Expenses | 378↑17.5% | 322↑5.3% | 305↑9.0% | 280↑4.9% | 267 | |
| Other Expenses | 113↓37.4% | 181↓2.1% | 185↑15.0% | 161↑7.9% | 149 | |
| Operating Expenses | 491↓2.3% | 503↑2.5% | 490↑11.2% | 441↑6.0% | 416 | |
| Total Costs & Expenses | 798↓4.4% | 834↑10.3% | 756↑49.5% | 506↑14.9% | 440 | |
| Operating Results | ||||||
| Operating Income | 210↑10.4% | 190↑2.2% | 186↓21.4% | 237↓15.3% | 280 | |
| Depreciation & Amortization | 0.00↓100.0% | 35↑2.5% | 34↑19.3% | 29↓0.3% | 29 | |
| EBITDA | 210↓6.8% | 226↑2.3% | 220↓17.0% | 266↓13.9% | 309 | |
| EBIT | 210↑10.4% | 190↑2.2% | 186↓21.4% | 237↓15.3% | 280 | |
| Interest & Other Income | ||||||
| Net Interest Income | 564↑27.3% | 443↓3.3% | 458↓0.8% | 461↑14.7% | 402 | |
| Interest Income | 846↑9.3% | 775↑9.8% | 705↑36.2% | 518↑16.8% | 443 | |
| Interest Expense | 283↓14.8% | 332↑34.1% | 247↑337.4% | 57↑37.7% | 41 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 210↑10.4% | 190↑2.2% | 186↓21.4% | 237↓15.3% | 280 | |
| Income Tax Expense | 39↑42.6% | 28↓11.1% | 31↓33.3% | 47↓15.0% | 55 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 171↑5.0% | 163↑4.9% | 155↓18.6% | 190↓15.4% | 225 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 170↑4.8% | 162↑5.2% | 154↓18.7% | 189↓12.3% | 215 | |
| Bottom-Line Net Income | 170↑4.8% | 162↑5.2% | 154↓18.7% | 189↓12.3% | 215 | |
| EPS (Basic) | 2.22↑2.8% | 2.16↑4.9% | 2.06↓20.8% | 2.60↓12.5% | 2.97 | |
| EPS (Diluted) | 2.21↑2.8% | 2.15↑4.4% | 2.06↓20.8% | 2.60↓12.5% | 2.97 | |
| Weighted Average Shares | 77↑2.4% | 75↑0.4% | 75↑2.9% | 73↑0.1% | 72 | |
| Weighted Average Diluted Shares | 77↑2.0% | 75↑0.8% | 75↑2.9% | 73↑0.0% | 73 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.