Towne Bank (Towne Bank) Market Cap : $1,967.7 Mil (As of Apr. 30, 2024)

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What is Towne Bank Market Cap?

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Towne Bank's share price for the quarter that ended in Dec. 2023 was $29.76. Towne Bank's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 74.9 Mil. Therefore, Towne Bank's market cap for the quarter that ended in Dec. 2023 was $2,228.8 Mil.

Towne Bank's quarterly market cap declined from Jun. 2023 ($1,740.2 Mil) to Sep. 2023 ($1,717.2 Mil) but then increased from Sep. 2023 ($1,717.2 Mil) to Dec. 2023 ($2,228.8 Mil).

Towne Bank's annual market cap declined from Dec. 2021 ($2,296.1 Mil) to Dec. 2022 ($2,246.4 Mil) and declined from Dec. 2022 ($2,246.4 Mil) to Dec. 2023 ($2,228.8 Mil).

Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Towne Bank's Enterprise Value for Today is $1,315.1 Mil.

Towne Bank Market Cap Historical Data

The historical data trend for Towne Bank's Market Cap 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 Market Cap Chart

Towne Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Market Cap

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2,021.11

1,706.23

2,296.09

2,246.43

2,228.83

Towne Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Market Cap	Get a 7-Day Free Trial															2,246.43	1,993.54	1,740.17	1,717.16	2,228.83

Competitive Comparison of Towne Bank's Market Cap

For the Banks - Regional subindustry, Towne Bank's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Towne Bank's Market Cap distribution charts can be found below:

* The bar in red indicates where Towne Bank's Market Cap falls into.

Towne Bank Market Cap Calculation

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

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

Market Cap (A: Dec. 2023 )	=	Share Price (A: Dec. 2023 )	*	Shares Outstanding (EOP) (A: Dec. 2023 )
	=	$29.76	*	74.8935
	=	$2,228.8

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

Market Cap (Q: Dec. 2023 )	=	Share Price (Q: Dec. 2023 )	*	Shares Outstanding (EOP) (Q: Dec. 2023 )
	=	$29.76	*	74.8935
	=	$2,228.8

Towne Bank (NAS:TOWN) Market Cap Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.

Towne Bank Market Cap 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 » Market Cap

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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.