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Asset logo for symbol TOWN
Towne Bank-Portsmouth VA
Asset logo for symbol TOWN



Income Statement (TOWN)

itemMar 2024Dec 2023Sep 2023Jun 2023Mar 2023
gross Profit$249.74M$231.94M$172.86M$181.56M$184.14M
NET Income$34.68M$28.80M$44.86M$41.71M$38.33M
total Revenue$249.74M$231.94M$172.86M$181.56M$184.14M

Balance Sheet (TOWN)

itemMar 2024Dec 2023Sep 2023Jun 2023Mar 2023
cash Equivalents-----
net Debt-$659.05M-$635.77M-$753.50M-$524.35M-$377.96M
stockholders Equity$2.04B$2.03B$1.96B$1.97B$1.97B
total Assets$16.88B$16.83B$16.68B$17.22B$16.73B
total Debt$343.38M$492.58M$359.71M$1.00B$759.64M
total Liabilities$14.81B$14.77B$359.71M$1.00B$759.64M

Cash Flow (TOWN)

itemMar 2024Dec 2023Sep 2023Jun 2023Mar 2023
financing Cash Flow$12.29M$78.68M-$557.66M$402.13M$226.75M
free Cash Flow$28.90M$36.38M$90.44M$24.18M-$33.84M
investing Cash Flow---$2.57M-$171.00K
operating Cash Flow$39.30M$43.21M$104.44M$34.49M-$20.84M

Towne Bank-Portsmouth VA (TOWN) Financials

The income statement of Towne Bank-Portsmouth VA (TOWN) provides a snapshot of the bank's financial performance over a specific period. It presents the revenues, expenses, and net income generated during that time. The bank's gross profit represents the revenue minus the cost of goods sold, indicating the profitability of its core operations.

EBIT (Earnings Before Interest and Taxes) measures the bank's operating profitability by excluding interest and income tax expenses. It helps investors determine the bank's operational efficiency and profitability. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) further adjusts the EBIT by excluding non-cash expenses, providing a clearer picture of its cash-generating ability.

Net income from stockholders reflects the bank's earnings available to its equity shareholders after deducting interest, taxes, and other expenses. It represents the bank's bottom line profitability and is a critical measure for investors. Total revenue encompasses all the income generated by the bank from its various business activities.

The balance sheet of Towne Bank-Portsmouth VA (TOWN) provides a snapshot of its financial position at a specific point in time. It shows the bank's assets, liabilities, and stockholders' equity. Total assets represent the bank's total resources, including cash equivalents, loans, investments, and other tangible and intangible assets.

Net debt measures the bank's total borrowings minus its cash equivalents. It indicates the bank's level of debt and its ability to meet its financial obligations. Stockholders' equity represents the residual interest in the bank's assets after deducting liabilities. It reflects the shareholders' ownership and value in the bank.

Total debt represents the bank's outstanding liabilities, including loans, bonds, and other long-term obligations. It helps evaluate the bank's leverage and risk profile. Total liabilities encompass all the bank's financial obligations, including both short-term and long-term liabilities.

Cash flow statements provide insights into the bank's cash inflows and outflows from its various activities. Operating cash flow represents the cash generated or used by the bank's core operations. It helps evaluate the bank's ability to generate cash internally. Investing cash flow represents the cash used for acquiring or disposing of assets.

Financing cash flow reflects the cash generated or used for financing activities, such as issuing or repurchasing stock, paying dividends, or borrowing or repaying debt. It helps evaluate the bank's capital structure and financing decisions. Free cash flow represents the cash left after deducting capital expenditures from operating cash flow.

In conclusion, the financials of Towne Bank-Portsmouth VA (TOWN) play a crucial role in assessing its financial performance and health. These metrics help investors and stakeholders understand the bank's profitability, cash flow, leverage, and overall financial position.

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