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Towne Bank (TOWN)

Towne Bank (TOWN)
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Financial Summary for [[ item.sessionDateDisplayLong ]]
TowneBank operates banking offices serving Chesapeake, Chesterfield County, Glen Allen, Hampton, James City County, Mechanicsville, Newport News, Norfolk, Portsmouth, Richmond, Suffolk, Virginia Beach, Williamsburg, and York County in Virginia, along with Raleigh, Cary, Charlotte, Moyock, Grandy, Camden County, Southern Shores, Corolla and Nags Head in North Carolina. Towne also offers a full range of financial services through its controlled divisions and subsidiaries that include Towne Investment Group, Towne Wealth Management, Towne Insurance Agency, Towne Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, Berkshire Hathaway HomeServices Towne Realty, Towne 1031 Exchange, LLC, and Towne Vacations.

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Dec, 2025 Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021
Sales 1,118,370 1,025,670 941,580 743,510 721,410
Sales Growth +9.04% +8.93% +26.64% +3.06% -3.08%
Net Income 169,530 161,760 153,720 188,990 215,380
Net Income Growth +4.80% +5.23% -18.66% -12.25% +47.99%
(Values in U.S. Thousands) Dec, 2025 Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021
Total Assets 19,687,340 17,246,891 16,835,039 15,845,270 16,361,390
Total Assets Growth +14.15% +2.45% +6.25% -3.15% +11.86%
Total Liabilities 17,258,330 15,091,260 14,779,160 13,956,510 14,445,210
Total Liabilities Growth +14.36% +2.11% +5.89% -3.38% +12.48%
(Values in U.S. Thousands) Dec, 2025 Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021
Operating Cash Flow 261,470 138,360 161,300 415,510 518,820
Operating Cash Flow Growth +88.98% -14.22% -61.18% -19.91% +305.68%
Net Cash Flow 11,170 211,120 -24,470 -2,143,810 1,432,350
Change in Net Cash Flow -94.71% +962.77% +98.86% -249.67% +0.75%
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