Towne Bank (Towne Bank) Pre-Tax Income : $186.2 Mil (TTM As of Dec. 2023)

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What is Towne Bank Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Towne Bank's pretax income for the three months ended in Dec. 2023 was $31.2 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2023 was $186.2 Mil. Towne Bank's pretax margin was 19.94%.

During the past 13 years, Towne Bank's highest Pretax Margin was 41.21%. The lowest was 26.07%. And the median was 31.22%.

Towne Bank Pre-Tax Income Historical Data

The historical data trend for Towne Bank's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Towne Bank Pre-Tax Income Chart

Towne Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pre-Tax Income

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176.27

201.33

279.83

237.05

186.22

Towne Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Pre-Tax Income	Get a 7-Day Free Trial															58.09	48.08	52.78	54.16	31.21

Competitive Comparison of Towne Bank's Pre-Tax Income

For the Banks - Regional subindustry, Towne Bank's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Towne Bank's Pre-Tax Income Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Towne Bank's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Towne Bank's Pre-Tax Income falls into.

Towne Bank Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Towne Bank's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Other
	=	0	+	186.221
	=	186.2

Towne Bank's Pretax Income for the quarter that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Other
	=	0	+	31.206
	=	31.2

Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $186.2 Mil.

Towne Bank (NAS:TOWN) Pre-Tax Income Explanation

Towne Bank's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pretax Income	/	Revenue
	=	31.206	/	156.513
	=	19.94%

During the past 13 years, Towne Bank's highest Pretax Margin was 41.21%. The lowest was 26.07%. And the median was 31.22%.

Towne Bank Pre-Tax Income Related Terms

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Towne Bank (Towne Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Towne Bank (NAS:TOWN) » Definitions » Pre-Tax Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

5716 High Street, Portsmouth, VA, USA, 23703

Website

https://www.townebank.com

Towne Bank is a financial services company that places special emphasis on serving the financial needs of individuals, commercial enterprises, and professionals, offering retail and commercial banking services to numerous markets in Virginia and North Carolina. The company has three reportable segments: Banking Segment provides loan and deposit services to retail and commercial customers and provides commercial mortgage brokerage services and investment and asset management services, and the Realty Segment provides residential real estate services and mortgage loans. It also provides resort property management and residential and commercial title insurance, and Insurance Segment provides provide a wide array of insurance products, including property, casualty, life, and health insurance.