TowneBank (TOWN)
Relationship bank pairing local lending with mortgage, insurance, wealth, trust, and exchange services.
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Combines commercial and personal banking with mortgage origination, insurance brokerage, employee benefits, wealth management, trust, commercial mortgage, and exchange services across Virginia and the Carolinas. Banking supplies most earnings through loan and deposit spreads, while fee businesses diversify revenue and share a local relationship network.
Provides commercial and personal banking across Virginia, North Carolina, and South Carolina, supported by TowneBank Mortgage, Towne Insurance, Towne Benefits, Towne Wealth Management, Towne Trust, TowneBank Commercial Mortgage, and Towne 1031 Exchange. Deposits and lending drive the business, while mortgage origination, insurance brokerage, wealth, trust, and exchange services add fee income.
Organizes markets around local banking groups with their own leadership and decision authority, backed by centralized controls. This model supports relationship continuity and cross-referrals among banking, mortgage, and insurance operations.
Growth has relied partly on acquisitions, making conversion of acquired loans, deposits, staff, and customers a recurring operational dependency. Earnings remain exposed to interest rates and credit conditions; mortgage production depends on housing activity and secondary-market buyers, while banking and insurance remain subject to financial-services regulation.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $158.8M · Total debt $450.2M · Total assets $22.62B · Shareholders' equity $2.99B
- Revenue
- $497.4M
- Operating income
- $253.7M
- Net income
- $193.2M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 62.75% | 57.84M shares | |
|---|---|---|---|
| 301 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Other | ≈ 37.25% | 34.34M shares | |
| remainder | |||
92.19M company shares as of Aug 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count has not been confirmed by a second filing; stakes use it as it stands.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 7.41% | 6.83M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.29% | 4.88M | as of Jun 30, 2026 |
T. Rowe Price Investment Management, Inc.Institution | 5.19% | 4.78M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 4.92% | 4.53M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.25% | 3.91M | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Atlantic Union Bankshares
Closest Virginia bank peer with North Carolina expansion
- United Bankshares
Mid-Atlantic community-bank peer across overlapping states
- SouthState
Larger Southeast regional alternative in banking and mortgage
- First Bancorp
Carolina community-bank peer in retail and commercial lending
- United Community Banks
Carolinas regional peer with mortgage, wealth, trust and insurance
- Pinnacle Financial Partners
High-touch Southeast relationship-bank competitor
- Truist Financial
Super-regional substitute in TOWN's core Southeast markets
- First Citizens BancShares
Raleigh-based large regional bank with commercial overlap
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TowneBank | $35.95 | −1.17% | $3.38B | 10.3 | 11.0 | 2.6 | +18.5% |
| Atlantic Union Bankshares | $38.74 | +0.16% | $5.52B | 11.6 | 10.0 | 2.5 | −3.5% |
| United Bankshares | $46.53 | −0.02% | $6.44B | 12.8 | 12.4 | 3.6 | +6.0% |
| SouthState | $102.37 | 0.00% | $10.00B | 10.8 | 10.5 | 3.1 | +1.2% |
| First Bancorp | $63.02 | −0.04% | $2.60B | 19.5 | 13.9 | 6.1 | +16.3% |
| United Community Banks | $34.19 | −0.01% | $4.14B | 11.3 | 10.8 | 2.7 | +9.8% |
| Pinnacle Financial Partners | $94.60 | −0.03% | $14.57B | 11.9 | 8.8 | 3.0 | +145.2% |
| Truist Financial | $48.07 | +0.02% | $61.05B | 11.6 | 10.2 | 2.0 | +6.5% |
| First Citizens BancShares | $2,068.01 | +0.03% | $24.17B | 11.3 | 11.0 | 1.7 | −5.5% |
| Median | 11.6 | 10.7 | 2.8 | +6.3% |