Towne Bank (TOWN) Reports Q1 EPS of $0.29
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TowneBank Reports 30.6% Increase in First Quarter Earnings
April 27, 2015 8:03 PM EDTSUFFOLK, Va., April 27, 2015 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (the "Bank") (Nasdaq: TOWN) reported record earnings of $14.54 million for the quarter ended March 31, 2015, a 30.61% increase, or $3.41 million, over the $11.13 million reported for the comparative period in 2014. Fully diluted earnings per share were $0.29 per share compared to $0.31 per share for the comparative period of 2014. First quarter earnings per share reflect the issuance of 15.55 million new common shares issued in conjunction with the acquisition of Franklin Financial Corporation (FRNK) ("Franklin") on January 2, 2015. "The benefits of this merger are reflected in our operating results for... More
TowneBank Reports 30.6% Increase in First Quarter Earnings
April 27, 2015 8:03 PM EDTSUFFOLK, Va., April 27, 2015 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (the "Bank") (Nasdaq: TOWN) reported record earnings of $14.54 million for the quarter ended March 31, 2015, a 30.61% increase, or $3.41 million, over the $11.13 million reported for the comparative period in 2014. Fully diluted earnings per share were $0.29 per share compared to $0.31 per share for the comparative period of 2014. First quarter earnings per share reflect the issuance of 15.55 million new common shares issued in conjunction with the acquisition of Franklin Financial Corporation (FRNK) ("Franklin") on January 2, 2015. "The benefits of this merger are reflected in our operating results for... More
