Recap: Towne Bank Q3 Earnings

Towne Bank (NASDAQ:TOWN) reported its Q3 earnings results on Thursday, October 27, 2022 at 08:30 AM.

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

Towne Bank beat estimated earnings by 2.99%, reporting an EPS of $0.69 versus an estimate of $0.67.

Revenue was up $9.16 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 1.7% increase in the share price the next day.

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

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.62	0.58	0.61	0.67
EPS Actual	0.64	0.63	0.55	0.69
Revenue Estimate	168.40M	161.81M	159.62M	161.69M
Revenue Actual	166.98M	165.41M	160.42M	170.08M

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.