Towne Bank
NASDAQ:TOWN
Net Margin
Towne Bank
Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.
Net Margin Across Competitors
| Country | Company | Market Cap |
Net Margin |
||
|---|---|---|---|---|---|
| US |
|
Towne Bank
NASDAQ:TOWN
|
2.6B USD |
23%
|
|
| US |
|
PNC Financial Services Group Inc
NYSE:PNC
|
68.1B USD |
26%
|
|
| US |
|
Truist Financial Corp
NYSE:TFC
|
53.2B USD |
34%
|
|
| US |
|
M&T Bank Corp
NYSE:MTB
|
29B USD |
26%
|
|
| US |
|
Fifth Third Bancorp
NASDAQ:FITB
|
26B USD |
25%
|
|
| US |
|
First Citizens BancShares Inc (Delaware)
NASDAQ:FCNCA
|
25.2B USD |
28%
|
|
| CN |
|
Bank of Jiangsu Co Ltd
SSE:600919
|
174.5B CNY |
32%
|
|
| CN |
|
Bank of Ningbo Co Ltd
SZSE:002142
|
174B CNY |
38%
|
|
| US |
|
Huntington Bancshares Inc
NASDAQ:HBAN
|
21.5B USD |
24%
|
|
| JP |
|
Resona Holdings Inc
TSE:8308
|
3.1T JPY |
22%
|
|
| US |
|
Regions Financial Corp
NYSE:RF
|
19.5B USD |
25%
|
Towne Bank
Glance View
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.
See Also
Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.
Based on Towne Bank's most recent financial statements, the company has Net Margin of 23.3%.
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