---
title: "TowneBank FY26 Q2 net income more than quadruples to $193.19 million; revenue rises 111.46% to $444.27 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293540859.md"
description: "TowneBank reported a significant surge in its Q2 FY26 results, with net income more than quadrupling to $193.19 million and revenue rising 111.46% to $444.27 million. The revenue increase was driven by a $198.55 million gain from selling Towne Vacations, which boosted noninterest income. Net interest income also climbed nearly 35%. Additionally, deposits grew slightly, and management noted early success in the Carolinas market with new executive hires."
datetime: "2026-07-23T01:19:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293540859.md)
  - [en](https://longbridge.com/en/news/293540859.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293540859.md)
generator: "portal-rs"
---

# TowneBank FY26 Q2 net income more than quadruples to $193.19 million; revenue rises 111.46% to $444.27 million

-   TowneBank posted Q2 net income of $193.19 million, or $2.09 a share, up from $40.89 million, or $0.54 a share, a year earlier. \* Revenue more than doubled to $444.27 million, as noninterest income rose to $259.15 million on a $198.55 million gain from selling Towne Vacations. \* Net interest income climbed 34.91% to $185.12 million; net interest margin widened 30 basis points to 3.68%. \* Deposits increased 1.26% from the prior quarter to $18.71 billion, with noninterest-bearing balances up 4.39% to $5.84 billion. \* Management highlighted early momentum in the Carolinas, adding 24 experienced hires since the start of the year, including four market executives. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TowneBank published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607222118PRIMZONEFULLFEED9766847) on July 23, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

### Related Stocks

- [TOWN.US](https://longbridge.com/en/quote/TOWN.US.md)

## Related News & Research

- [TowneBank Announces Quarterly Cash Dividend | TOWN Stock News](https://longbridge.com/en/news/297076954.md)
- [What TowneBank (TOWN)'s Surging 2026 EPS and Profitability Means For Shareholders](https://longbridge.com/en/news/294747296.md)
- [Kineo Finance to Attend TechBBQ 2026 Conference](https://longbridge.com/en/news/296839531.md)
- [VER: Q2 2026 delivered 6.5% like-for-like revenue growth and strong gross margin, with 2026 guidance reaffirmed](https://longbridge.com/en/news/297124510.md)
- [BOHUS: Achieved 15.7% revenue growth and 14.9% EBIT margin in Q2 2026, with strong expansion and profitability](https://longbridge.com/en/news/296869033.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**