TowneBank posted Q2 FY2026 net income attributable to shareholders of USD 193.19 million, more than doubled from a year earlier; diluted EPS rose to USD 2.09.
Revenue more than doubled to USD 444.27 million from a year earlier, while provision for credit losses fell 90% to USD 0.62 million.
Net interest income increased 35% to USD 185.12 million; net interest margin widened 30 basis points to 3.7%.
Deposits climbed 22% to USD 18.71 billion; loans rose 23% to USD 15.17 billion.
Return on average assets rose to 3.45% from 0.91% a year earlier; nonperforming assets increased to 0.21% of assets from 0.05%.
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