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Towne Bank (TOWN)

(Real Time Quote from BATS)

$33.57 USD

33.57
82,203

+1.54 (4.81%)

Updated Jul 25, 2024 10:44 AM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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C Value F Growth D Momentum F VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 41% (102 out of 250)

Industry: Banks - Southeast

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Balance Sheet

Research for TOWN

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Towne Bank falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 1,128 1,153 3,297 1,864 443
Receivables 11,203 10,684 9,400 9,509 8,361
Notes Receivable 0 0 0 0 0
Inventories 150 102 358 541 419
Other Current Assets 0 0 0 0 0
Total Current Assets 12,481 11,939 13,055 11,914 9,223
Net Property & Equipment 338 305 271 260 232
Investments & Advances 2,642 2,405 1,980 1,421 1,522
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 521 502 508 498 501
Deposits & Other Assets 854 695 548 533 470
Total Assets 16,835 15,845 16,361 14,626 11,948
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 33 41 77 68 52
Accounts Payable 13,893 13,294 13,574 11,573 9,271
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 256 247 250 432 248
Total Current Liabilities 14,182 13,583 13,900 12,073 9,572
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 204 30 155 456 472
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 393 344 390 314 251
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 14,779 13,957 14,445 12,843 10,294
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 125 121 121 121 121
Capital Surplus 1,113 1,052 1,051 1,047 1,041
Retained Earnings 921 841 717 558 467
Other Equity -103 -126 27 58 24
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 2,056 1,889 1,916 1,784 1,654
Total Liabilities & Shareholder's Equity 16,835 15,845 16,361 14,626 11,948
Total Common Equity 2,056 1,889 1,916 1,784 1,654
Shares Outstanding 72.70 72.70 72.60 72.60 72.60
Book Value Per Share 28.28 25.98 26.39 24.57 22.78

Fiscal Year End for Towne Bank falls in the month of December.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents -99,999 1,101 1,128 1,216 1,636
Receivables NA 11,327 11,203 11,048 11,085
Notes Receivable NA 0 0 0 0
Inventories NA 151 150 188 230
Other Current Assets NA 0 0 0 0
Total Current Assets NA 12,578 12,481 12,452 12,950
Net Property & Equipment NA 343 338 336 327
Investments & Advances NA 2,542 2,642 2,542 2,608
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 526 521 524 528
Deposits & Other Assets NA 895 854 827 812
Total Assets NA 16,884 16,835 16,680 17,225
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable NA 31 33 47 50
Accounts Payable NA 14,126 13,893 13,881 13,767
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 256 256 256 255
Total Current Liabilities NA 14,413 14,182 14,184 14,072
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 4 204 104 754
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 393 408 408
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 14,818 14,779 14,696 15,235
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 125 125 125 125
Capital Surplus NA 1,114 1,113 1,111 1,110
Retained Earnings NA 937 921 911 885
Other Equity NA -110 -103 -163 -129
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 2,066 2,056 1,984 1,991
Total Liabilities & Shareholder's Equity NA 16,884 16,835 16,680 17,225
Total Common Equity 0 2,066 2,056 1,984 1,991
Shares Outstanding 75.00 72.70 72.70 72.70 72.70
Book Value Per Share 0.00 28.42 28.28 27.29 27.38