Towne Bank Q3 EPS $0.60 Beats $0.49 Estimate, Sales $172.86M Beat $172.42M Estimate

Towne Bank (NASDAQ:TOWN) reported quarterly earnings of $0.60 per share which beat the analyst consensus estimate of $0.49 by 22.45 percent. This is a 13.04 percent decrease over earnings of $0.69 per share from the same period last year. The company reported quarterly sales of $172.86 million which beat the analyst consensus estimate of $172.42 million by 0.26 percent. This is a 3.56 percent decrease over sales of $179.24 million the same period last year.