Towne Bank
NASDAQ:TOWN

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Towne Bank
NASDAQ:TOWN
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Price: 34.42 USD -1.04% Market Closed
Market Cap: 2.6B USD
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Towne Bank
Cash Taxes Paid

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Towne Bank
Cash Taxes Paid Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Cash Taxes Paid CAGR 3Y CAGR 5Y CAGR 10Y
Towne Bank
NASDAQ:TOWN
Cash Taxes Paid
$9.6m
CAGR 3-Years
-45%
CAGR 5-Years
-16%
CAGR 10-Years
-6%
PNC Financial Services Group Inc
NYSE:PNC
Cash Taxes Paid
$566m
CAGR 3-Years
-19%
CAGR 5-Years
10%
CAGR 10-Years
-2%
M&T Bank Corp
NYSE:MTB
Cash Taxes Paid
$228.8m
CAGR 3-Years
-9%
CAGR 5-Years
-14%
CAGR 10-Years
-5%
Truist Financial Corp
NYSE:TFC
Cash Taxes Paid
$599m
CAGR 3-Years
-8%
CAGR 5-Years
2%
CAGR 10-Years
3%
Fifth Third Bancorp
NASDAQ:FITB
Cash Taxes Paid
$285m
CAGR 3-Years
-21%
CAGR 5-Years
-13%
CAGR 10-Years
-6%
First Citizens BancShares Inc (Delaware)
NASDAQ:FCNCA
Cash Taxes Paid
$790m
CAGR 3-Years
-3%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
No Stocks Found

Towne Bank
Glance View

Market Cap
2.6B USD
Industry
Banking

Towne Bank, founded in 1998 in the heart of Hampton Roads, Virginia, is a testament to community-focused banking. It was established by a group of local business leaders driven by the vision of nurturing personal relationships within the banking space. Headquartered in Suffolk, Virginia, the bank’s operations span across the Mid-Atlantic region, catering primarily to individuals and small to mid-sized businesses. Towne Bank functions by offering a comprehensive suite of financial products, including personal and commercial banking services, insurance, real estate, and wealth management. Their operating model thrives on localized decision-making and community engagement, aiming to foster a sense of belonging and trust among its members—customers whom they refer to much like family. The bank makes its money through interest income, which comes from loans provided to individuals and businesses. By maintaining a low-cost deposit base and offering competitive loan rates, Towne Bank positions itself as a reliable financial partner. Additionally, the bank diversifies its revenue streams through fee-based services in insurance and asset management, areas that often benefit from economies of scale. This approach not only creates a buffer against interest rate fluctuations but also enhances its resilience in varied economic climates. By integrating traditional banking with broader financial services, Towne Bank leverages its regional knowledge and personal touch to sustain profitability while emphasizing community reinvestment and support—continuing its mission of promoting accessible financial solutions with a distinctly local flair.

TOWN Intrinsic Value
42.73 USD
Undervaluation 19%
Intrinsic Value
Price

See Also

What is Towne Bank's Cash Taxes Paid?
Cash Taxes Paid
9.6m USD

Based on the financial report for Sep 30, 2024, Towne Bank's Cash Taxes Paid amounts to 9.6m USD.

What is Towne Bank's Cash Taxes Paid growth rate?
Cash Taxes Paid CAGR 10Y
-6%

Over the last year, the Cash Taxes Paid growth was -52%. The average annual Cash Taxes Paid growth rates for Towne Bank have been -45% over the past three years , -16% over the past five years , and -6% over the past ten years .

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