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TowneBank: Q2 Earnings Snapshot
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PORTSMOUTH, Va. (AP) — PORTSMOUTH, Va. (AP) — TowneBank (TOWN) on Wednesday reported net income of $193.2 million in its second quarter.

The Portsmouth, Virginia-based bank said it had earnings of $2.09 per share. Earnings, adjusted for one-time gains and costs, were 78 cents per share.

The community bank posted revenue of $321.2 million in the period. Its revenue net of interest expense was $247 million, missing Street forecasts.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TOWN at https://www.zacks.com/ap/TOWN
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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