TowneBank Q2 FY26 net income more than doubled to $193.19 million; revenue more than doubled to $444.27 million

Reuters2026/07/23 01:30

By:Reuters

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TowneBank posted Q2 FY2026 net income attributable to shareholders of USD 193.19 million, more than doubled from a year earlier; diluted EPS rose to USD 2.09.
Revenue more than doubled to USD 444.27 million from a year earlier, while provision for credit losses fell 90% to USD 0.62 million.
Net interest income increased 35% to USD 185.12 million; net interest margin widened 30 basis points to 3.7%.
Deposits climbed 22% to USD 18.71 billion; loans rose 23% to USD 15.17 billion.
Return on average assets rose to 3.45% from 0.91% a year earlier; nonperforming assets increased to 0.21% of assets from 0.05%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TowneBank published the original content used to generate this news brief on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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TowneBank Q2 FY26 net income more than doubled to $193.19 million; revenue more than doubled to $444.27 million

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