TowneBank (NASDAQ: TOWN), a Hampton Roads-based bank with $19.69 billion in total assets, announced a first-quarter shareholder cash dividend of $0.27 per common share payable on April 10, 2026. The bank operates over 70 banking offices across Virginia, North Carolina, and South Carolina, offering comprehensive banking and financial services through multiple affiliated companies.
Towne Bank (TOWN)
Common Stock · Currency in USD · XNAS
Towne Bank is a financial services company serving individuals, commercial enterprises and professionals, offering retail and commercial banking services in Virginia and North Carolina. The company has four reportable segments: Banking, which provides loan and deposit services, commercial mortgage brokerage, and investment and asset management services; Mortgage, which originates mortgage loans principally sold in the secondary market through purchase commitments from investors; Resort Vacation Management, which provides residential resort property management services; and Insurance, which provides property, casualty, life and health insurance solutions for businesses, individuals and community organizations through a variety of carriers.
Company Info
SIC—
Composite FIGIBBG000BBSC23
CIK0001170279
IPOMay 5, 1999
Sector—
Highlights
Market Cap$3.13B
EPS—
P/E Ratio—
Revenue—
Gross Profit—
Net Income—
Employees2,976
WSO92,185,159
Phone—
Websitehttps://www.townebank.com
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Analysis
Share Price Chart
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Towne Bank, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Returns By Period
Towne Bank (TOWN) has returned 1.47% so far this year and 13.04% over the past 12 months. Looking at the last ten years, TOWN has achieved an annualized return of 5.79%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
TOWN
1M-0.09%
6M-2.05%
YTD1.47%
1Y13.04%
5Y1.93%
10Y5.79%
Benchmark (SPY)
1M-3.85%
6M-2.35%
YTD-4.36%
1Y34.06%
5Y9.80%
10Y12.23%
Monthly Returns
The table below presents the monthly returns of Towne Bank (TOWN) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.76% | -2.11% | -0.91% | 0.24% | ||||||||
| 2025 | 4.41% | 5.67% | -7.29% | -4.22% | 4.76% | -0.73% | 3.06% | 5.46% | -4.92% | -5.58% | 3.39% | 0.12% |
| 2024 | -4.94% | -4.20% | 4.23% | -7.51% | 4.18% | -0.29% | 22.39% | 4.34% | -4.12% | -1.31% | 12.47% | -7.50% |
| 2023 | -1.33% | 0.30% | -11.64% | -11.11% | -1.90% | -0.21% | 8.97% | -6.42% | -3.29% | 4.40% | 9.92% | 14.02% |
| 2022 | -0.98% | -1.05% | -3.67% | -8.98% | 6.04% | -8.49% | 10.83% | -3.78% | -5.59% | 21.01% | -2.33% | -5.25% |
| 2021 | -1.19% | 22.93% | 3.54% | 2.28% | 1.84% | -5.50% | -2.93% | 1.33% | 1.57% | 1.22% | -3.59% | 0.93% |
| 2020 | -4.77% | -13.73% | -21.18% | 17.10% | -4.46% | -1.00% | -5.87% | -0.56% | -6.55% | 10.85% | 17.95% | 6.44% |
| 2019 | 10.05% | 5.96% | -10.81% | 5.03% | -2.87% | 7.53% | 2.33% | -6.58% | 6.86% | 0.07% | -0.67% | -1.70% |
| 2018 | -1.29% | -6.09% | 0.35% | 4.91% | 6.21% | 0.78% | 1.25% | 0.77% | -5.08% | -9.11% | 1.31% | -17.19% |
| 2017 | -4.31% | 0.46% | -2.11% | 0.31% | -11.18% | 5.84% | 1.46% | -2.23% | 9.48% | 0.30% | -1.18% | -8.21% |
| 2016 | 9.60% | 3.60% | -0.41% | 6.20% | 3.84% | 1.69% | 3.98% | 30.04% | 3.74% |
Performance Indicators
The charts below present risk-adjusted performance metrics for Towne Bank (TOWN) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
Sharpe ratio
Sortino ratio
Omega ratio
Calmar ratio
Martin ratio
sharpe ratio
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of TOWN compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
Volatility Chart
The current Towne Bank volatility is 0.90%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
News and Insights
Shareholders of Dogwood State Bank have approved a merger with TowneBank, expected to close in early Q1 2026, pending regulatory approvals.
TowneBank has completed its merger with Old Point Financial Corporation, enhancing its market position in the Hampton Roads region. The merger will integrate Old Point National Bank's operations into TowneBank by February 2026, with former Old Point CEO Robert F. Shuford, Jr. appointed as a senior executive vice president.
TowneBank will acquire Dogwood State Bank in a merger that expands its strategic presence along the Interstate 85 corridor, creating a combined entity with approximately $22 billion in total assets, expected to close in early 2026.
TowneBank and Old Point Financial Corporation have received regulatory approval for their merger, expected to close on September 1, 2025. Shareholders can elect to receive cash, TowneBank stock, or a combination, with an election deadline of August 26, 2025.
TowneBank, a Virginia-based bank, announced a quarterly cash dividend of $0.27 per common share, an 8% increase from the previous dividend rate.
TowneBank has completed its merger with Village Bank and Trust Financial Corp., enhancing TowneBank's presence in the Richmond MSA and providing opportunities for revenue synergies and strategic capital deployment.
TowneBank and Village Bank and Trust Financial Corp. Receive Regulatory Approvals for Mergerpositive
TowneBank, a Virginia-based bank, has received regulatory approval to acquire Village Bank and Trust Financial Corp. The merger is expected to be completed in April 2025, enhancing TowneBank's presence in the Richmond MSA and providing opportunities for revenue synergies.
TowneBank, a Virginia-based bank, announced its first-quarter shareholder cash dividend of $0.25 per common share, payable on April 11, 2025, to shareholders of record on March 31, 2025.
LPL Financial has completed the acquisition of Altria Wealth Solutions, a firm with $100 billion in assets under management. LPL also announced the termination of its CEO and the appointment of a new interim CEO.