Towne BankTowneBank missed revenue and EPS estimates, with revenue 1.1% below consensus.
TowneBank reported fourth-quarter revenues of $219.9 million, a 24.2% year-on-year increase that fell 1.1% short of analyst expectations. The regional bank also missed earnings per share estimates while net interest income was in line with forecasts. Among 96 tracked regional banks, the group posted mixed results with revenues matching consensus, and share prices have risen an average of 7.1% since reporting. UMB Financial delivered the strongest performance with a 5.4% revenue beat, while BankUnited was the weakest after missing revenue estimates by 5.1%.
Towne BankTowneBank missed revenue and EPS estimates, with revenue 1.1% below consensus.
BankUnited IncBankUnited was the weakest performer among tracked banks, missing revenue estimates by 5.1%.
UMB Financial CorporationUMB Financial delivered the strongest performance with a 5.4% revenue beat.
Old National Bancorp
Customers Bancorp, Inc.