Towne Bank: Q1 Earnings Insights - Towne Bank (NASDAQ:TOWN)

Towne Bank TOWN reported its Q1 earnings results on Thursday, April 28, 2022 at 08:00 AM.

Here's what investors need to know about the announcement.

Towne Bank beat estimated earnings by 8.62%, reporting an EPS of $0.63 versus an estimate of $0.58.

Revenue was down $17.10 million from the same period last year.

Last quarter the company missed on EPS by $0.06 which was followed by a 0.03% drop in the share price the next day.

Here's a look at Towne Bank's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.61	0.67	0.68	0.63
EPS Actual	0.55	0.69	0.77	0.95
Revenue Estimate	159.62M	161.69M	167.46M	164.84M
Revenue Actual	160.42M	170.08M	167.32M	182.51M

To track all earnings releases for Towne Bank visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.