Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.6%, Dividend Yield is 2.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.4%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -40%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 25%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14%

Low stock price volatility
Vol 12M is 23%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Wealth Management Technology.

Trading close to highs
Dist 52W High is -4.1%, Dist 3Y High is -4.1%

Weak multi-year price returns
3Y Excs Rtn is -19%

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.6%, Dividend Yield is 2.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.4%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -40%
2 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 25%
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14%
4 Low stock price volatility
Vol 12M is 23%
5 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Wealth Management Technology.
6 Trading close to highs
Dist 52W High is -4.1%, Dist 3Y High is -4.1%
7 Weak multi-year price returns
3Y Excs Rtn is -19%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/11/2026

Towne Bank (TOWN) stock has gained about 5% since 2/28/2026 because of the following key factors:

1. Strategic Acquisition of Dogwood State Bank Significantly Expanded Operations.

Towne Bank successfully completed the acquisition of Dogwood State Bank in January 2026, which substantially increased the company's scale and market presence. This acquisition added $1.95 billion in loans and $1.93 billion in deposits to Towne Bank's portfolio. This strategic move contributed to a record total revenue for the company in fiscal Q1 2026.

2. Robust Fiscal Q1 2026 Financial Performance, Driven by Revenue and Core Earnings Growth.

For fiscal Q1 2026 (ended March 31, 2026), Towne Bank reported record total revenues of $246.45 million, marking a 34.60% increase compared to fiscal Q1 2025. Core earnings (non-GAAP) for the quarter were $66.73 million, or $0.74 per diluted share, a notable increase from $44.10 million, or $0.58 per diluted share, in fiscal Q1 2025. Net interest income also saw a significant rise of $52.46 million, indicating strong underlying operational performance.

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Updated on 6/11/2026

Towne Bank (TOWN) stock has gained about 5% since 2/28/2026 because of the following key factors:

1. Strategic Acquisition of Dogwood State Bank Significantly Expanded Operations.

Towne Bank successfully completed the acquisition of Dogwood State Bank in January 2026, which substantially increased the company's scale and market presence. This acquisition added $1.95 billion in loans and $1.93 billion in deposits to Towne Bank's portfolio. This strategic move contributed to a record total revenue for the company in fiscal Q1 2026.

2. Robust Fiscal Q1 2026 Financial Performance, Driven by Revenue and Core Earnings Growth.

For fiscal Q1 2026 (ended March 31, 2026), Towne Bank reported record total revenues of $246.45 million, marking a 34.60% increase compared to fiscal Q1 2025. Core earnings (non-GAAP) for the quarter were $66.73 million, or $0.74 per diluted share, a notable increase from $44.10 million, or $0.58 per diluted share, in fiscal Q1 2025. Net interest income also saw a significant rise of $52.46 million, indicating strong underlying operational performance.

3. Announced Sale of Resort Property Management Segment Bolstered Future Capital.

On April 3, 2026, Towne Bank announced the sale of its Resort Property Management segment for $250 million, with an anticipated pre-tax gain of approximately $195 million. This divestiture is a significant capital event expected to positively impact the company's financial position and investor sentiment.

4. Increased Quarterly Cash Dividend Reflected Management Confidence.

Towne Bank's Board of Directors demonstrated confidence in the company's financial health and future outlook by raising the quarterly cash dividend. On May 20, 2026, the company announced an increase in its quarterly dividend to $0.28 per share from the previous $0.27 per share, payable on July 10, 2026. This increase signals a commitment to returning value to shareholders.

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Stock Movement Drivers

Fundamental Drivers

The 5.4% change in TOWN stock from 2/28/2026 to 6/16/2026 was primarily driven by a 23.0% change in the company's P/E Multiple.
(LTM values as of)22820266162026Change
Stock Price ($)33.3235.125.4%
Change Contribution By: 
Total Revenues ($ Mil)8258887.7%
Net Income Margin (%)19.7%18.0%-8.7%
P/E Multiple16.119.923.0%
Shares Outstanding (Mil)7990-12.8%
Cumulative Contribution5.4%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/16/2026
ReturnCorrelation
TOWN5.4% 
Market (SPY)9.7%33.6%
Sector (XLF)6.2%57.0%

Fundamental Drivers

The 8.5% change in TOWN stock from 11/30/2025 to 6/16/2026 was primarily driven by a 30.4% change in the company's P/E Multiple.
(LTM values as of)113020256162026Change
Stock Price ($)32.3735.128.5%
Change Contribution By: 
Total Revenues ($ Mil)78288813.6%
Net Income Margin (%)20.8%18.0%-13.3%
P/E Multiple15.219.930.4%
Shares Outstanding (Mil)7690-15.5%
Cumulative Contribution8.5%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/16/2026
ReturnCorrelation
TOWN8.5% 
Market (SPY)10.4%26.3%
Sector (XLF)2.8%54.8%

Fundamental Drivers

The 7.0% change in TOWN stock from 5/31/2025 to 6/16/2026 was primarily driven by a 37.1% change in the company's P/E Multiple.
(LTM values as of)53120256162026Change
Stock Price ($)32.8335.127.0%
Change Contribution By: 
Total Revenues ($ Mil)70888825.4%
Net Income Margin (%)24.1%18.0%-25.2%
P/E Multiple14.519.937.1%
Shares Outstanding (Mil)7590-16.9%
Cumulative Contribution7.0%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/16/2026
ReturnCorrelation
TOWN7.0% 
Market (SPY)28.8%35.8%
Sector (XLF)8.3%58.0%

Fundamental Drivers

The 70.7% change in TOWN stock from 5/31/2023 to 6/16/2026 was primarily driven by a 135.9% change in the company's P/E Multiple.
(LTM values as of)53120236162026Change
Stock Price ($)20.5735.1270.7%
Change Contribution By: 
Total Revenues ($ Mil)70588826.0%
Net Income Margin (%)25.8%18.0%-30.1%
P/E Multiple8.419.9135.9%
Shares Outstanding (Mil)7490-17.8%
Cumulative Contribution70.7%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/16/2026
ReturnCorrelation
TOWN70.7% 
Market (SPY)86.6%43.8%
Sector (XLF)79.6%64.4%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
TOWN Return38%1%0%18%1%8%80%
Peers Return25%-19%22%6%42%12%107%
S&P 500 Return27%-19%24%23%16%10%101%

Monthly Win Rates [3]
TOWN Win Rate67%25%42%50%58%50% 
Peers Win Rate42%52%53%50%67%53% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
TOWN Max Drawdown-14%-21%-31%-13%-18%-14% 
Peers Max Drawdown-17%-32%-32%-23%-21%-20% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEWT, ATLO, CBC, NU, FITB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/16/2026 (YTD)

How Low Can It Go

EventTOWNS&P 500
2025 US Tariff Shock
  % Loss-18.3%-18.8%
  % Gain to Breakeven22.4%23.1%
  Time to Breakeven127 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-13.6%-9.5%
  % Gain to Breakeven15.7%10.5%
  Time to Breakeven10 days24 days
2023 SVB Regional Banking Crisis
  % Loss-28.6%-6.7%
  % Gain to Breakeven40.1%7.1%
  Time to Breakeven216 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-15.4%-24.5%
  % Gain to Breakeven18.2%32.4%
  Time to Breakeven106 days427 days
2020 COVID-19 Crash
  % Loss-43.1%-33.7%
  % Gain to Breakeven75.6%50.9%
  Time to Breakeven322 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-24.4%-19.2%
  % Gain to Breakeven32.2%23.8%
  Time to Breakeven791 days105 days

Compare to NEWT, ATLO, CBC, NU, FITB

In The Past

Towne Bank's stock fell -18.3% during the 2025 US Tariff Shock. Such a loss loss requires a 22.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventTOWNS&P 500
2023 SVB Regional Banking Crisis
  % Loss-28.6%-6.7%
  % Gain to Breakeven40.1%7.1%
  Time to Breakeven216 days31 days
2020 COVID-19 Crash
  % Loss-43.1%-33.7%
  % Gain to Breakeven75.6%50.9%
  Time to Breakeven322 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-24.4%-19.2%
  % Gain to Breakeven32.2%23.8%
  Time to Breakeven791 days105 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-25.8%-17.9%
  % Gain to Breakeven34.8%21.8%
  Time to Breakeven167 days123 days
2008-2009 Global Financial Crisis
  % Loss-22.9%-53.4%
  % Gain to Breakeven29.6%114.4%
  Time to Breakeven3 days1085 days

Compare to NEWT, ATLO, CBC, NU, FITB

In The Past

Towne Bank's stock fell -18.3% during the 2025 US Tariff Shock. Such a loss loss requires a 22.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Towne Bank (TOWN)

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Latest Trefis Analyses

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

TOWNNEWTATLOCBCNUFITBMedian
NameTowne Ba.NewtekOneAmes Nat.Central .Nu Fifth Th. 
Mkt Price35.1213.9229.8727.7012.7253.4428.79
Mkt Cap3.20.40.3332.861.844.123.6
Rev LTM888272701,00011,9159,461944
Op Inc LTM-------
FCF LTM128-776224578681,437293
FCF 3Y Avg157-34817-1,7122,583157
CFO LTM180-776234911,2012,175335
CFO 3Y Avg207-34819-1,9523,140207

Growth & Margins

TOWNNEWTATLOCBCNUFITBMedian
NameTowne Ba.NewtekOneAmes Nat.Central .Nu Fifth Th. 
Rev Chg LTM25.4%10.5%21.7%-39.5%13.9%21.7%
Rev Chg 3Y Avg8.7%32.1%5.4%-51.8%3.9%8.7%
Rev Chg Q34.6%8.0%17.8%-57.2%30.3%30.3%
QoQ Delta Rev Chg LTM7.7%1.9%4.1%-12.1%7.3%7.3%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM20.3%-285.4%32.5%49.1%10.1%23.0%21.6%
CFO/Rev 3Y Avg27.9%-134.4%31.4%-22.3%36.7%27.9%
FCF/Rev LTM14.4%-285.4%31.2%45.7%7.3%15.2%14.8%
FCF/Rev 3Y Avg21.3%-134.5%28.6%-19.6%30.4%21.3%

Valuation

TOWNNEWTATLOCBCNUFITBMedian
NameTowne Ba.NewtekOneAmes Nat.Central .Nu Fifth Th. 
Mkt Cap3.20.40.3332.861.844.123.6
P/S3.61.53.8332.75.24.74.2
P/Op Inc-------
P/EBIT-------
P/E19.96.112.3886.719.420.319.6
P/CFO17.6-0.511.7678.251.420.319.0
Total Yield7.6%16.3%11.0%0.1%5.2%4.9%6.4%
Dividend Yield2.6%0.0%2.8%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg6.4%-113.9%9.0%-3.3%9.4%6.4%
D/E0.21.40.10.00.00.40.1
Net D/E-0.40.4-1.8-0.0-0.5-1.1-0.4

Returns

TOWNNEWTATLOCBCNUFITBMedian
NameTowne Ba.NewtekOneAmes Nat.Central .Nu Fifth Th. 
1M Rtn4.3%9.8%9.5%4.6%4.3%12.9%7.0%
3M Rtn9.7%16.2%12.4%16.1%-10.7%21.9%14.2%
6M Rtn2.6%18.9%28.1%20.8%-21.5%14.3%16.6%
12M Rtn12.5%42.4%77.0%45.9%2.7%44.5%43.4%
3Y Rtn57.0%0.8%84.4%96.1%68.7%126.7%76.5%
1M Excs Rtn2.9%8.4%8.1%3.2%3.0%11.5%5.6%
3M Excs Rtn-2.2%4.4%0.5%4.3%-22.6%10.1%2.4%
6M Excs Rtn-7.4%10.6%17.2%11.3%-34.8%2.9%6.8%
12M Excs Rtn-14.5%17.1%48.1%20.2%-18.8%20.1%18.6%
3Y Excs Rtn-19.1%-60.4%5.8%21.4%-4.9%53.1%0.4%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320192018
Banking619489500386364
Insurance103100916555
Resort Vacation Management58    
Mortgage56    
Realty 104104113114
Total836694694564533


Operating Income by Segment
$ Mil201420132012
Banking565545
Insurance1286
Realty91114
Total777465


Net Income by Segment
$ Mil20252024202320222021
Banking137135135177170
Insurance2222191410
Resort Vacation Management10    
Mortgage0    
Realty 5-0-236
Total170162154189215


Assets by Segment
$ Mil20252024202320222021
Banking18,43016,04615,76714,90515,228
Insurance849727615500442
Mortgage305342   
Resort Vacation Management103133   
Realty  453441692
Total19,68717,24716,83515,84516,361


Price Behavior

Price Behavior
Market Price$35.12 
Market Cap ($ Bil)3.2 
Distance from 52W High-4.1% 
   50 Days200 Days
DMA Price$34.58$33.62
DMA Trendindeterminateup
Distance from DMA1.6%4.4%
 3M1YR
Volatility20.0%22.9%
Downside Capture49.0870.42
Upside Capture61.2565.14
Correlation (SPY)32.4%34.8%
TOWN Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta0.661.010.640.560.770.80
Up Beta0.511.050.830.961.130.83
Down Beta0.800.070.170.050.450.65
Up Capture20%62%55%51%55%64%
Bmk +ve Days13283667141432
Stock +ve Days9172758121368
Down Capture139%202%81%63%90%95%
Bmk -ve Days7132757109318
Stock -ve Days11243666128377

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TOWN
TOWN11.2%22.9%0.39-
Sector ETF (XLF)10.5%14.6%0.4757.2%
Equity (SPY)27.2%12.4%1.6634.7%
Gold (GLD)25.8%27.4%0.822.6%
Commodities (DBC)23.3%18.9%0.98-20.2%
Real Estate (VNQ)13.6%13.5%0.6938.4%
Bitcoin (BTCUSD)-37.7%42.4%-1.0016.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TOWN
TOWN5.7%26.8%0.21-
Sector ETF (XLF)9.5%18.6%0.3866.6%
Equity (SPY)13.8%17.1%0.6348.6%
Gold (GLD)17.6%18.2%0.780.5%
Commodities (DBC)7.8%19.4%0.307.9%
Real Estate (VNQ)2.5%18.8%0.0449.0%
Bitcoin (BTCUSD)12.1%54.2%0.4216.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TOWN
TOWN7.8%30.5%0.31-
Sector ETF (XLF)13.1%22.2%0.5474.2%
Equity (SPY)15.4%18.0%0.7356.0%
Gold (GLD)12.8%16.1%0.66-5.0%
Commodities (DBC)6.2%18.0%0.2717.2%
Real Estate (VNQ)5.6%20.7%0.2352.5%
Bitcoin (BTCUSD)60.7%66.8%1.0012.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity1.8 Mil
Short Interest: % Change Since 51520260.2%
Average Daily Volume0.6 Mil
Days-to-Cover Short Interest3.2 days
Basic Shares Quantity90.4 Mil
Short % of Basic Shares2.0%

Earnings Returns History

Updated 6/2/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   
Core Cache Last Updated: 6/16/2026