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Towne Bank$27.21($.36)(1.31%)

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Income Statement for Towne Bank
(Amounts are in millions) 12/2018 12/2017 12/2016
Press Release Press Release Press Release
Net Sales or Revenues $613.42 $493.23 $409.84
Cost of Goods Sold $53.14 $28.79 $22.32
Gross Profit $560.28 $464.43 $387.52
       
Research & Development Expense $0.00 $0.00 $0.00
Selling, General, & Admin. Expense $360.67 $301.64 $273.19
Income Before Depreciation $199.61 $162.79 $114.34
       
Depreciation, Depletion, Amortization $0.00 $0.00 $0.00
Non-Operating Income $0.00 $0.00 $0.00
Interest Expense $27.61 $15.19 $13.42
Pretax Income $172.00 $147.60 $100.91
       
Provision for Income Taxes $34.23 $54.81 $28.70
Minority Interest $3.98 $5.13 $4.97
Investment Gains (Losses) $0.00 $0.00 $0.00
Other Income $0.00 $0.00 $0.00
Income Before Extraordinaries $137.77 $92.79 $72.22
       
Extraordinary Items & Disc. Operations $0.00 $0.00 $0.00
Net Income $133.79 $87.66 $67.25
       
Basic Earnings Per Share $1.88 $1.41 $1.18
Diluted Earnings Per Share $1.88 $1.41 $1.18
       
Weighted Average Basic Shares Outstanding 71.29 62.17 56.99
Weighted Average Diluted Shares Outstanding 71.29 62.17 56.99
       
Income Before Non-Recurring Items $141.50 $97.18 $80.15
Income From Non-Recurring Items ($7.70) ($9.52) ($12.90)
Diluted Earnings Per Share before extras $1.98 $1.56 $1.41
       
Dividend (preferred) N/A N/A N/A
Dividend (common) $44.68 $39.63 $31.81
Dividend Per Share (common) $0.62 $0.55 $0.51




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