Financials TowneBank

Equities

TOWN

US89214P1093

Banks

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
26.92 ^USD	-0.85%		-0.30%	-9.54%

Apr. 24	Earnings Flash (TOWN) TOWNEBANK Posts Q1 EPS $0.48	MT
Apr. 24	TowneBank Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	1,998	1,685	2,267	2,218	2,199	1,992	-
Enterprise Value (EV) ¹	1,998	1,685	2,267	2,218	2,199	1,992	1,992
P/E ratio	14.5 x	11.7 x	10.6 x	11.9 x	14.4 x	12.7 x	10.7 x
Yield	2.52%	3.07%	2.47%	2.89%	3.29%	3.77%	3.91%
Capitalization / Revenue	3.54 x	2.54 x	3.33 x	3.23 x	3.15 x	2.82 x	2.57 x
EV / Revenue	3.54 x	2.54 x	3.33 x	3.23 x	3.15 x	2.82 x	2.57 x
EV / EBITDA	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	1.23 x	0.97 x	1.21 x	1.2 x	1.09 x	0.95 x	0.9 x
Nbr of stocks (in thousands)	71,821	71,782	71,777	71,912	73,891	73,982	-
Reference price ²	27.82	23.48	31.59	30.84	29.76	26.92	26.92
Announcement Date	1/23/20	1/28/21	1/27/22	1/26/23	1/24/24	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	563.9	664.3	680.3	686.9	698.8	705.8	773.5
EBITDA	-	-	-	-	-	-	-
EBIT ¹	185.6	258.7	263.1	245.7	209.6	221	260.7
Operating Margin	32.92%	38.95%	38.67%	35.76%	29.99%	31.31%	33.71%
Earnings before Tax (EBT) ¹	176.3	201.3	279.8	237	186.2	194.1	233.5
Net income ¹	138.8	145.5	215.4	189	153.7	160.2	188
Net margin	24.61%	21.91%	31.66%	27.51%	22%	22.7%	24.31%
EPS ²	1.920	2.010	2.970	2.600	2.060	2.125	2.506
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	0.7000	0.7200	0.7800	0.8900	0.9800	1.016	1.052
Announcement Date	1/23/20	1/28/21	1/27/22	1/26/23	1/24/24	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1
Net sales ¹	170.1	160.4	165.4	-	179.2	175.3	184.1	181.6	172.9	156.7	167.1	172.4	183.8	181.4	190.7
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	65.99	49.96	56.03	-	67.2	64.17	59.75	56.34	55.16	34.83	42.62	52.3	62.6	58.7	64.17
Operating Margin	38.8%	31.14%	33.87%	-	37.49%	36.6%	32.45%	31.03%	31.91%	22.23%	25.5%	30.33%	34.05%	32.36%	33.65%
Earnings before Tax (EBT) ¹	67.57	51.07	57.48	-	63.28	58.09	48.08	52.78	54.16	31.2	42.39	42.28	53.23	55.1	58.23
Net income ¹	50.4	40.18	45.59	-	50.17	46.68	38.33	41.72	44.86	28.8	34.69	36.7	44.81	43.14	46.44
Net margin	29.63%	25.05%	27.56%	-	27.99%	26.63%	20.82%	22.98%	25.95%	18.38%	20.76%	21.28%	24.38%	23.78%	24.35%
EPS ²	0.6900	0.5500	0.6300	0.6400	0.6900	0.6400	0.5200	0.5600	0.6000	0.3900	0.4600	0.4850	0.5950	0.5700	0.6175
Dividend per Share ²	0.2000	0.2000	0.2000	0.2300	0.2300	0.2300	0.2300	0.2500	0.2500	0.2500	0.2500	0.2500	0.2580	0.2580	0.2575
Announcement Date	10/28/21	1/27/22	4/28/22	7/28/22	10/27/22	1/26/23	4/27/23	7/27/23	10/26/23	1/24/24	4/24/24	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	8.75%	8.52%	11.7%	10.1%	7.78%	7.68%	8.56%
ROA (Net income/ Total Assets)	1.19%	1.03%	1.4%	1.16%	0.92%	0.95%	1.07%
Assets ¹	11,662	14,130	15,385	16,292	16,708	16,951	17,540
Book Value Per Share ²	22.60	24.30	26.10	25.70	27.20	28.40	30.10
Cash Flow per Share	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-
Announcement Date	1/23/20	1/28/21	1/27/22	1/26/23	1/24/24	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for TowneBank

Trading Rating

Investor Rating

ESG Refinitiv

D+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

26.92 USD

Average target price

31.2 USD

Spread / Average Target

+15.90%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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