TowneBank Reports Q2 Non-GAAP EPS of $0.78 and Revenue Growth

TowneBank reported a second-quarter non-GAAP earnings per share (EPS) of $0.78, with revenue reaching $444.27 million, representing an 111.5% year-over-year increase. Total deposits rose by 1.26%, and noninterest-bearing deposits increased significantly compared to the previous quarter.

By Meghavi Singh, SA News Editor · Seeking Alpha ·

TowneBank Reports Q2 Non-GAAP EPS of $0.78 and Revenue Growth

Tickers: $TOWN

Topics: banking financials

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