SUFFOLK, Va., April 24, 2014 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (the "Bank") (Nasdaq:TOWN) reported earnings of $11.13 million for the quarter ended March 31, 2014, a 6.29% increase, or $659,000, over the $10.47 million reported for the comparative period in 2013. Net income available to common shareholders increased 19.96% to a record $10.94 million after preferred dividend payments of $191,000. Fully diluted earnings per share increased 6.90% to $0.31 per share compared to $0.29 per share for the comparative period of 2013.
TowneBank Reports First Quarter Earnings
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