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TowneBank (TOWN) is a financial services company in the US eastern and southern banking institutions industry, based in Portsmouth, United States, with about 2,932 full-time employees.
It reported revenue of $833.69 million for fiscal year 2025, up 20.4% from fiscal year 2024, and net income of $169.53 million. In Q1 2026 (the quarter ended March 31, 2026) revenue was $246.45 million, up 28.3% from a year before. Its largest business segment, Banking, brought in 73% of segment revenue in fiscal year 2025. Its market capitalization was $3.23 billion as of October 9, 2026.
Figures from company filings and market data; latest fiscal year ended December 31, 2025; market data as of October 9, 2026.
TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals in the United States. It operates through four segments: Banking, Mortgage, Resort Vacation Management, and Insurance.
TowneBank reported $833.69 million in revenue for fiscal year 2025, up 20.4% from $692.51 million in fiscal year 2024. In Q1 2026 revenue was $246.45 million.
Banking, with $595.24 million or 73% of segment revenue in fiscal year 2025. Next: Insurance (13%) and Resort Property Management (7%).
$3.23 billion as of October 9, 2026.
Listed companies of a similar size in the same industry (US eastern and southern banking institutions) include United Community Banks, Inc. (UCB), Independent Bank Corp. (INDB), Renasant Corporation (RNST), Community Financial System, Inc. (CBU).