TowneBank Non-GAAP EPS of $0.78, revenue of $444.27M
Seeking Alpha ·
TowneBank press release ( TOWN ): Q2 Non-GAAP EPS of $0.78. Total deposits were $18.71 billion, an increase of 1.26%, or $233.17 million, compared to March 31, 2026. Noninterest-bearing deposits increased $245.55 million, or 4.39%, compared to the linked quarter
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TowneBank reported Q2 Non-GAAP EPS of $0.78 with revenue of $444.27M. Total deposits reached $18.71B, up 1.26% quarter-over-quarter. Notably, non-interest-bearing deposits grew by 4.39%, improving funding stability. This performance is interpreted as a sign of fundamental recovery in the regional banking sector.
상승 영향
- Banks — Total deposits increased to $18.71B and non-interest-bearing deposits rose by 4.39%, easing the burden of funding costs.
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