Towne Bank's Total Assets for the quarter that ended in Dec. 2023 was $16,835.0 Mil.
Warning Sign:
If a company builds assets at 7.6% a year, faster than its revenue growth rate of 5% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Towne Bank's average Total Assets Growth Rate was 5.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 6.00% per year.
During the past 5 years, the average Total Assets Growth Rate was 7.60% per year.
During the past 10 years, the average Total Assets Growth Rate was 13.90% per year.
During the past 13 years, Towne Bank's highest 3-Year average Total Assets Growth Rate was 36.20%. The lowest was 1.80%. And the median was 16.90%.
The historical data trend for Towne Bank's Total Assets 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.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Towne Bank's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Towne Bank's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Towne Bank Total Assets Related Terms
Thank you for viewing the detailed overview of Towne Bank's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TOWN has been successfully added to your 