TowneBank reported third quarter 2025 earnings of $38.98 million, with $215.67 million in total revenue, total deposits of $16.53 billion, and loans held for investment of $13.38 billion. Net interest income was $146.95 million. Noninterest income was $68.71 million, and total noninterest expense was $153.74 million. The bank's return on average assets was 0.83%, and the return on average equity was 6.78%. TowneBank's total assets were $19.68 billion. Common equity tier 1 capital ratio was reported at 11.18%. Noninterest-bearing deposits increased 20.43% to $5.14 billion. Total revenues increased by nearly 24% year-over-year.

TowneBank, headquartered in Suffolk, reported earnings of $38.98 million for Q3 2025, compared to $42.95 million in Q3 2024. Core earnings were $63.45 million in Q3 2025. Towne completed the acquisition of Old Point Financial Corp, including $961.35M in loans, $208.83M in securities, and $1.21B in deposits. Total revenues were $215.67M, up 23.58% from Q3 2024. Total deposits were $16.53B, up 15.09% YoY. Loans were $13.38B, up 17.23% YoY. The effective tax rate was 15.88% in Q3 2025. TowneBank's common equity tier 1 capital ratio was 11.18%. Total assets were $19.68B on September 30, 2025. TowneBank operates over 60 banking offices and is a local leader in promoting economic growth. Non-GAAP financial measures are used to assess performance. Forward-looking statements were made regarding uncertainties in the banking industry. Contact info: G. Robert Aston, Jr., Executive Chairman - 757-638-6780, William I. Foster III, President and CEO - 757-417-6482, William B. Littreal, CFO - 757-638-6813.