TowneBank Reports Full Year and Fourth Quarter Financial Results for 2017
Towne Bank (TOWN)
Last towne bank earnings: 4/27 08:30 am
Check Earnings Report
US:NASDAQ Investor Relations:
investor.townebank.com
Company Research
Source: GlobeNewswire
SUFFOLK, Va., Jan. 25, 2018 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (the “Bank” or “Company”) (NASDAQ:TOWN) today reported financial results for the full year and the fourth quarter ended December 31, 2017. Earnings for the fourth quarter were $12.33 million, or $0.20 per diluted share, versus $19.0 million, or $0.31 per diluted share, in fourth quarter 2016. Earnings in the fourth quarter of 2017 included an expense of $10.11 million related to the Tax Cuts and Jobs Act of 2017 and after-tax acquisition-related expenses of $0.43 million. The impact from tax legislation on fourth quarter 2017 earnings was primarily attributable to revaluation of deferred tax assets at the lower statutory tax rate. Excluding merger-related expenses and adjustments related to tax reform, earnings for the quarter ended December 31, 2017 were $22.87 million (non-GAAP) compared to $18.55 million (non-GAAP) in 2016. Fully diluted earnings per share, excluding merger-related expenses and adj
Show less
Read more
Impact Snapshot
Event Time:
TOWN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TOWN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TOWN alerts
High impacting Towne Bank news events
Weekly update
A roundup of the hottest topics
TOWN
News
- Institutional investors in TowneBank (NASDAQ:TOWN) see US$61m decrease in market cap last week, although long-term gains have benefitted them. [Yahoo! Finance]Yahoo! Finance
- TowneBank Announces Retirement of Two Directors [Yahoo! Finance]Yahoo! Finance
- TowneBank Announces Retirement of Two DirectorsGlobeNewswire
- Sachin Shetty, Ph.D., Joins TowneBank Corporate Board of Directors [Yahoo! Finance]Yahoo! Finance
- Sachin Shetty, Ph.D., Joins TowneBank Corporate Board of DirectorsGlobeNewswire