TowneBank: Q2 Earnings Snapshot

Associated Press Finance

PORTSMOUTH, Va. (AP) — PORTSMOUTH, Va. (AP) — TowneBank (TOWN) on Wednesday reported net income of $42.9 million in its second quarter.

The Portsmouth, Virginia-based bank said it had earnings of 57 cents per share.

The community bank posted revenue of $260.9 million in the period. Its revenue net of interest expense was $176.1 million, beating Street forecasts.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TOWN at https://www.zacks.com/ap/TOWN