TowneBank (TOWN) Income Statement
TOWN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTOWN revenue and net income
Where TOWN's revenue goes
2025Each bar shows an amount and its share of revenue. TOWN kept 16.8% of revenue as net income.
TOWN profit margins
TOWN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −1.6% | +10.7% | +6.3% | +11.8% |
| Gross profit | +1.3% | +1.1% | +3.3% | +9.1% |
| Operating income | +10.4% | −3.9% | +0.9% | +8.6% |
| Net income | +4.8% | −3.6% | +3.1% | +10.5% |
| EPS (diluted) | +38.5% | +4.9% | +9.1% | +10.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TOWN quarterly EPS vs estimates
TowneBank beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 28, 2026 (estimate $0.81).
TOWN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.01B | $1.02B | $942.5M | $742.9M | $720.1M | $742.2M | $672.7M | $612.8M | $492.4M | $408.9M |
| Cost of revenue | $306.6M | $331.4M | $266.1M | $65.2M | $24.3M | $147.2M | $118.8M | $89.3M | $49.4M | $41.1M |
| Gross profit | $701.3M | $692.5M | $676.4M | $677.8M | $695.8M | $595.1M | $553.9M | $523.5M | $443.0M | $367.8M |
| Sales, general & admin | $392.8M | $321.5M | $305.2M | $279.9M | $266.9M | $253.4M | $248.3M | $230.4M | $192.3M | $163.5M |
| Total operating expenses | $491.1M | $502.7M | $490.2M | $440.7M | $415.9M | $393.7M | $377.6M | $351.5M | $295.4M | $266.9M |
| Operating income | $210.2M | $190.4M | $186.2M | $237.1M | $279.8M | $201.3M | $176.3M | $172.0M | $147.6M | $100.9M |
| Interest income | $846.3M | $774.5M | $673.0M | $517.9M | $443.5M | $460.2M | $467.8M | $421.8M | $305.1M | $254.6M |
| Interest expense | $282.7M | $331.9M | $247.5M | $56.6M | $41.1M | $80.0M | $109.5M | $80.8M | $44.0M | $35.7M |
| Income before taxes | $210.2M | $190.4M | $186.2M | $237.1M | $279.8M | $201.3M | $176.3M | $172.0M | $147.6M | $100.9M |
| Income taxes | $39.4M | $27.6M | $31.1M | $46.6M | $54.8M | $31.9M | $32.6M | $34.2M | $54.8M | $28.7M |
| Net income | $169.5M | $161.8M | $153.7M | $189.0M | $215.4M | $145.5M | $138.8M | $133.8M | $87.7M | $67.2M |
| EBITDA | $250.4M | $225.5M | $220.4M | $265.7M | $308.6M | $230.4M | $205.6M | $200.7M | $172.1M | $121.5M |
| EPS (diluted) | $3.02 | $2.18 | $2.16 | $2.62 | $2.95 | $1.95 | $1.93 | $1.98 | $1.56 | $1.41 |
| Gross margin | 69.6% | 67.6% | 71.8% | 91.2% | 96.6% | 80.2% | 82.3% | 85.4% | 90.0% | 89.9% |
| Operating margin | 20.9% | 18.6% | 19.8% | 31.9% | 38.9% | 27.1% | 26.2% | 28.1% | 30.0% | 24.7% |
| Net margin | 16.8% | 15.8% | 16.3% | 25.4% | 29.9% | 19.6% | 20.6% | 21.8% | 17.8% | 16.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $497.4M | $260.5M | $255.1M | $287.1M | $277.9M | $261.2M | $253.9M | $258.9M | $260.9M | $250.8M | $232.9M | $242.7M |
| Cost of revenue | $76.2M | $77.8M | $71.5M | $86.7M | $76.8M | $71.6M | $79.6M | $83.2M | $85.7M | $82.8M | $78.8M | $70.8M |
| Gross profit | $421.2M | $182.7M | $183.6M | $200.4M | $201.0M | $189.6M | $174.3M | $175.6M | $175.1M | $168.0M | $154.1M | $171.9M |
| Sales, general & admin | $105.9M | $111.1M | $105.4M | $86.6M | $85.5M | $83.6M | $81.3M | $80.8M | $77.8M | $81.6M | $78.4M | $74.4M |
| Total operating expenses | $167.5M | $132.5M | $130.1M | $153.7M | $150.7M | $130.5M | $126.2M | $126.9M | $124.0M | $125.6M | $122.9M | $117.7M |
| Operating income | $253.7M | $50.2M | $53.5M | $46.7M | $50.4M | $59.1M | $48.1M | $48.7M | $51.2M | $42.4M | $31.2M | $54.2M |
| Interest income | — | $250.4M | $230.7M | $218.3M | $207.6M | $189.6M | $196.1M | $196.6M | $194.9M | $186.9M | $184.1M | $182.9M |
| Interest expense | $75.5M | $77.5M | $71.7M | $71.4M | $70.4M | $69.1M | $78.0M | $84.3M | $85.9M | $83.7M | $76.4M | $69.8M |
| Income before taxes | $253.7M | $50.2M | $53.5M | $46.7M | $50.4M | $59.1M | $48.1M | $48.7M | $51.2M | $42.4M | $31.2M | $54.2M |
| Income taxes | $60.1M | $9.1M | $12.6M | $7.4M | $11.1M | $8.2M | $6.7M | $5.6M | $8.1M | $7.3M | $2.7M | $9.4M |
| Net income | $193.2M | $41.0M | $40.6M | $39.0M | $38.8M | $50.6M | $41.3M | $42.9M | $42.9M | $34.7M | $28.8M | $44.9M |
| EBITDA | $253.7M | $63.4M | $65.1M | $57.0M | $60.0M | $67.7M | $56.8M | $57.4M | $60.1M | $51.1M | $39.7M | $62.8M |
| EPS (diluted) | $0.78 | $0.74 | $0.70 | $0.83 | $0.81 | $0.68 | $0.55 | $0.58 | $0.57 | $0.48 | $0.42 | $0.60 |
| Gross margin | 84.7% | 70.1% | 72.0% | 69.8% | 72.3% | 72.6% | 68.7% | 67.8% | 67.1% | 67.0% | 66.1% | 70.8% |
| Operating margin | 51.0% | 19.3% | 21.0% | 16.3% | 18.1% | 22.6% | 18.9% | 18.8% | 19.6% | 16.9% | 13.4% | 22.3% |
| Net margin | 38.8% | 15.7% | 15.9% | 13.6% | 14.0% | 19.4% | 16.3% | 16.6% | 16.4% | 13.8% | 12.4% | 18.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TOWN's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TOWN financial results
In fiscal year 2025 (ended December 31, 2025), TowneBank reported revenue of $1.0 billion, down 1.6% from the year before. It had net income of $169.5 million (up 4.8%), a net profit margin of 16.8%. Diluted earnings per share came to $3.02. Over five years revenue grew at an average rate of 6.3% a year.
See the TOWN stock overview for the latest quote and news, or the TOWN chart for price history and technical indicators.
TOWN income statement FAQ
What is TowneBank's annual revenue?
TowneBank reported total revenue of $1.0 billion for fiscal year 2025, which ended on December 31, 2025. That was down 1.6% from $1.0 billion the previous year.
Is TowneBank profitable?
Yes. TowneBank reported net income of $169.5 million in fiscal 2025, a net profit margin of 16.8%; its operating margin was 20.9%.
What is TowneBank's gross margin?
TowneBank's gross margin was 69.6% in fiscal 2025: for every $100 of revenue, TowneBank kept $70 after the direct cost of its products and services.
How fast is TowneBank growing?
Revenue grew 6.3% a year on average over the last five fiscal years, from $742.2 million to $1.0 billion.
What are TowneBank's earnings per share?
TowneBank earned $3.02 per diluted share in fiscal 2025, compared with $2.18 a year earlier.
When will TowneBank report its next earnings?
TowneBank is expected to report results for the quarter ending September 30, 2026 on October 28, 2026.
When does TowneBank's fiscal year end?
TowneBank's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.