TOWN
Income statement / Annual
Last year (2023), TowneBank's total revenue was $675.44 M,
a decrease of 1.59% from the previous year.
In 2023, TowneBank's net income was $153.72 M.
See TowneBank’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$675.44 M
|
$686.38 M
|
$679.00 M
|
$662.23 M
|
$563.24 M
|
$532.00 M
|
$448.40 M
|
$373.19 M
|
$297.18 M
|
$242.05 M
|
| Cost of Revenue |
-$266.14 M |
$9.24 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Gross Profit |
$941.58 M |
$677.14 M |
$679.00 M |
$662.23 M |
$563.24 M |
$532.00 M |
$448.40 M |
$373.19 M |
$297.18 M |
$242.05 M |
| Gross Profit Ratio |
1.39 |
0.99 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$289.83 M
|
$263.92 M
|
$278.76 M
|
$265.98 M
|
$249.22 M
|
$232.88 M
|
$196.40 M
|
$167.27 M
|
$133.63 M
|
$115.07 M
|
| Selling & Marketing
Expenses |
$15.39 M
|
$16.00 M
|
$13.50 M
|
$9.64 M
|
$12.28 M
|
$11.19 M
|
$9.87 M
|
$8.44 M
|
$7.52 M
|
$5.18 M
|
| Selling, General &
Administrative Expenses |
$391.60 M
|
$279.92 M
|
$292.26 M
|
$275.62 M
|
$261.50 M
|
$244.08 M
|
$206.27 M
|
$175.71 M
|
$141.15 M
|
$120.25 M
|
| Other Expenses |
$0.00 |
-$125.77 M |
-$701.08 M |
-$760.42 M |
-$653.36 M |
-$527.31 M |
-$468.22 M |
-$417.21 M |
-$316.64 M |
-$275.18 M |
| Operating Expenses |
$391.60 M |
-$440.09 M |
-$408.82 M |
-$484.80 M |
-$391.86 M |
-$283.23 M |
-$261.95 M |
-$241.50 M |
-$175.50 M |
-$154.93 M |
| Cost And Expenses |
$391.60 M |
-$440.09 M |
-$408.82 M |
-$484.80 M |
-$391.86 M |
-$283.23 M |
-$261.95 M |
-$241.50 M |
-$175.50 M |
-$154.93 M |
| Interest Income |
$705.24 M |
$517.94 M |
$443.45 M |
$460.16 M |
$467.83 M |
$421.82 M |
$305.10 M |
$254.62 M |
$212.87 M |
$172.51 M |
| Interest Expense |
$247.46 M |
$56.57 M |
$41.08 M |
$80.02 M |
$109.47 M |
$80.75 M |
$43.98 M |
$35.74 M |
$32.43 M |
$26.78 M |
| Depreciation &
Amortization |
$34.22 M
|
$28.70 M
|
$28.80 M
|
$29.06 M
|
$28.44 M
|
$27.62 M
|
$23.56 M
|
$20.55 M
|
$16.15 M
|
$13.90 M
|
| EBITDA |
$0.00
|
$265.75 M
|
$310.96 M
|
$230.39 M
|
$205.64 M
|
$200.73 M
|
$170.55 M
|
$121.47 M
|
$108.69 M
|
$77.01 M
|
| EBITDA Ratio |
0 |
0.34 |
0.44 |
0.31 |
0.36 |
0.52 |
0.47 |
0.41 |
0.46 |
0.42 |
| Operating Income Ratio
|
0.29
|
0.3
|
0.4
|
0.27
|
0.3
|
0.47
|
0.42
|
0.35
|
0.41
|
0.36
|
| Total Other
Income/Expenses Net |
-$10.56 M
|
-$75.87 M
|
-$71.85 M
|
-$68.40 M
|
-$64.89 M
|
-$67.66 M
|
-$53.34 M
|
-$30.78 M
|
-$29.15 M
|
-$24.02 M
|
| Income Before Tax |
$186.22 M |
$237.05 M |
$279.83 M |
$201.33 M |
$176.27 M |
$172.00 M |
$147.60 M |
$100.91 M |
$92.54 M |
$63.11 M |
| Income Before Tax Ratio
|
0.28
|
0.35
|
0.41
|
0.3
|
0.31
|
0.32
|
0.33
|
0.27
|
0.31
|
0.26
|
| Income Tax Expense |
$31.09 M |
$46.58 M |
$54.80 M |
$31.90 M |
$32.60 M |
$34.23 M |
$54.81 M |
$28.70 M |
$26.88 M |
$18.18 M |
| Net Income |
$153.72 M |
$188.99 M |
$215.38 M |
$145.54 M |
$138.78 M |
$133.79 M |
$87.66 M |
$67.25 M |
$62.38 M |
$42.17 M |
| Net Income Ratio |
0.23 |
0.28 |
0.32 |
0.22 |
0.25 |
0.25 |
0.2 |
0.18 |
0.21 |
0.17 |
| EPS |
2.06 |
2.6 |
2.97 |
2.01 |
1.93 |
1.88 |
1.41 |
1.18 |
1.22 |
1.18 |
| EPS Diluted |
2.06 |
2.6 |
2.97 |
2.01 |
1.92 |
1.88 |
1.41 |
1.18 |
1.22 |
1.18 |
| Weighted Average Shares
Out |
$74.65 M
|
$72.56 M
|
$72.48 M
|
$72.29 M
|
$72.06 M
|
$71.15 M
|
$62.17 M
|
$56.84 M
|
$51.06 M
|
$35.16 M
|
| Weighted Average Shares
Out Diluted |
$74.66 M
|
$72.58 M
|
$72.56 M
|
$72.35 M
|
$72.19 M
|
$71.29 M
|
$62.39 M
|
$56.84 M
|
$51.16 M
|
$35.21 M
|
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