TowneBank Q4 revenue rises 24.2% but misses estimates

Yahoo Finance··Read original
2▲1 ▼2Impact / 5
Summary · why it matters

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%.

Impact on assets 5

Financials± Mixed · 4 stocks
Towne Bank
TOWN
▼ NegativeCapitalrelevance

TowneBank missed revenue and EPS estimates, with revenue 1.1% below consensus.

BankUnited Inc
BKU
▼ NegativeCapitalrelevance

BankUnited was the weakest performer among tracked banks, missing revenue estimates by 5.1%.

Digital Finance & Tokenization▲ · 1 stocks