TowneBank
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. TowneBank's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 2% to $675,443,000. Profit margin reached 23%. Total operating expenses were $695,088,000.
Profit Margin
| 2014 | 242.05M | 42.16M | 17.42% |
|---|---|---|---|
| 2015 | 297.18M | 62.38M | 20.99% |
| 2016 | 373.18M | 67.25M | 18.02% |
| 2017 | 448.40M | 87.66M | 19.55% |
| 2018 | 532.00M | 133.79M | 25.15% |
| 2019 | 563.24M | 138.78M | 24.64% |
| 2020 | 662.23M | 145.53M | 21.98% |
| 2021 | 678.99M | 215.38M | 31.72% |
| 2022 | 686.37M | 188.98M | 27.53% |
| 2023 | 675.44M | 153.71M | 22.76% |
TOWN Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 675.44M | 686.37M | 678.99M | 662.23M | 563.24M | 532.00M | 448.40M | 373.18M | 297.18M | 242.05M |
Cost of revenue | -266.14M | 9.23M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross profit | 941.58M | 677.13M | 678.99M | 662.23M | 563.24M | 532.00M | 448.40M | 373.18M | 297.18M | 242.05M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 15.39M | 15.99M | 13.50M | 9.64M | 12.27M | 11.19M | 9.86M | 8.44M | 7.51M | 5.17M |
Total operating expenses | 695.08M | -440.08M | -408.81M | -484.79M | -391.86M | -283.23M | -261.94M | -241.49M | -175.49M | -154.92M |
Operating income | 283.84M | 206.87M | 270.18M | 177.43M | 171.37M | 248.77M | 186.45M | 131.68M | 121.68M | 87.12M |
Other income (expenses), net | -97.62M | 30.18M | 9.65M | -68.4M | 4.89M | -76.76M | -53.33M | -30.77M | -29.14M | -24.01M |
Income before tax | 186.22M | 237.05M | 279.83M | 201.33M | 176.27M | 172.00M | 147.60M | 100.91M | 92.54M | 63.10M |
Income tax expense | 31.08M | 46.58M | 54.79M | 31.9M | 32.59M | 34.22M | 54.81M | 28.69M | 26.87M | 18.17M |
Net income | 153.71M | 188.98M | 215.38M | 145.53M | 138.78M | 133.79M | 87.66M | 67.25M | 62.38M | 42.16M |
Earnings per share | ||||||||||
Basic EPS | 2.06 | 2.6 | 2.97 | 2.01 | 1.93 | 1.88 | 1.41 | 1.18 | 1.22 | 1.18 |
Diluted EPS | 2.06 | 2.6 | 2.97 | 2.01 | 1.92 | 1.88 | 1.41 | 1.18 | 1.22 | 1.18 |