Recap: Towne Bank Q4 Earnings

Towne Bank TOWN reported its Q4 earnings results on Thursday, January 27, 2022 at 08:30 AM.

Here's what investors need to know about the announcement.

Towne Bank missed estimated earnings by 9.84%, reporting an EPS of $0.55 versus an estimate of $0.61, which did not surprise analysts.

Revenue was up $11.43 million from the same period last year.

Last quarter the company beat on EPS by $0.02, which was followed by a 1.64% increase in the share price the next day.

Here's a look at Towne Bank's past performance:

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020
EPS Estimate	0.67	0.68	0.63	0.54
EPS Actual	0.69	0.77	0.95	0.69
Revenue Estimate	161.69M	167.46M	164.84M	160.01M
Revenue Actual	170.08M	167.32M	182.51M	171.85M

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This article was generated by Benzinga's automated content engine and reviewed by an editor.