TowneBank reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 113.61 million compared to USD 109.34 million a year ago. Net income was USD 41.72 million compared to USD 46.55 million a year ago. Basic earnings per share from continuing operations was USD 0.56 compared to USD 0.64 a year ago. Diluted earnings per share from continuing operations was USD 0.56 compared to USD 0.64 a year ago.
For the six months, net interest income was USD 236.99 million compared to USD 208.54 million a year ago. Net income was USD 80.05 million compared to USD 92.13 million a year ago. Basic earnings per share from continuing operations was USD 1.07 compared to USD 1.27 a year ago. Diluted earnings per share from continuing operations was USD 1.07 compared to USD 1.27 a year ago.