TowneBank Announces Quarterly Cash Dividend
Rhea-AI Summary
TowneBank (NASDAQ: TOWN) announced a quarterly cash dividend of $0.27 per common share. The dividend is payable on January 7, 2026 to shareholders of record on December 26, 2025. The declaration notes that the amount and any future cash dividends remain subject to Board of Directors approval and applicable regulatory restrictions.
Positive
- Dividend declared of $0.27 per common share
- Payment date set for January 7, 2026
- Record date for eligibility: December 26, 2025
Negative
- Dividend amount and future dividends subject to Board approval
- Dividend subject to applicable regulatory restrictions
News Market Reaction
On the day this news was published, TOWN declined 0.41%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Regional bank peers showed mixed but mostly positive moves, with names like BKU and CBU up, while PRK was slightly down. This suggests TOWN’s dividend-related gain was more stock-specific than a broad sector wave.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 10 | Merger approval | Positive | +2.5% | Dogwood State Bank shareholders approved merger into TowneBank. |
| Nov 26 | Dividend declaration | Positive | -0.4% | Board declared Q4 2025 dividend of $0.27 per share. |
| Oct 22 | Earnings update | Positive | -2.4% | Reported Q3 2025 earnings with strong revenue and balance sheet growth. |
| Sep 2 | Merger completion | Positive | -0.7% | Completed merger with Old Point Financial, expanding Hampton Roads presence. |
| Aug 27 | Dividend declaration | Positive | -0.1% | Declared Q3 2025 dividend of $0.27 per share for shareholders. |
Recent history shows generally positive corporate updates (earnings, acquisitions, dividends) often met with flat to negative next-day moves, with only the Dogwood merger vote aligning clearly with a price gain.
Over the last few months, TowneBank reported strong Q3 2025 results with GAAP earnings of $38.98M, core earnings of $63.45M, and revenue of $215.67M, alongside double-digit growth in loans and deposits. The bank completed the Old Point merger effective Sep 1, 2025 and secured shareholder approval for the Dogwood State Bank merger, expected to close in early Q1 2026. Dividend declarations of $0.27 per share have remained consistent, echoing the current announcement.
Market Pulse Summary
This announcement confirms TowneBank’s ongoing quarterly cash dividend of $0.27 per common share, payable on January 7, 2026 to shareholders of record on December 26, 2025. It extends the payout level first raised in Q2 2025, when the dividend increased from $0.25. Investors may track consistency of future Board-approved dividends, progress on integrating recent bank mergers, and how earnings trends support sustaining the current $1.08 annualized rate.
Key Terms
cash dividend financial
regulatory restrictions regulatory
AI-generated analysis. Not financial advice.
SUFFOLK, Va., Nov. 26, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its fourth-quarter shareholder cash dividend of
The amount and declaration of future cash dividends are subject to Board of Directors’ approval in addition to regulatory restrictions.
About TowneBank:
Founded in 1999, TowneBank is a company built on relationships, offering a full range of banking and other financial services, with a focus of serving others and enriching lives. Dedicated to a culture of caring, TowneBank values all employees and members by embracing their diverse talents, perspectives, and experiences.
Today, TowneBank operates over 60 offices throughout Hampton Roads and Central Virginia, as well as Northeastern and Central North Carolina – serving as a local leader in promoting the social, cultural, and economic growth in each community. Towne offers a competitive array of business and personal banking solutions, delivered with only the highest ethical standards. Experienced local bankers providing a higher level of expertise and personal attention with local decision-making are key to the TowneBank strategy. TowneBank has grown its capabilities beyond banking to provide expertise through its affiliated companies that include Towne Wealth Management, Towne Insurance Agency, Towne Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, Berkshire Hathaway HomeServices RW Towne Realty, Towne 1031 Exchange, LLC, and Towne Vacations. With total assets of
Media contact:
G. Robert Aston, Jr., Executive Chairman, 757-638-6780
William I. Foster III, President and Chief Executive Officer, 757-417-6482
Investor contact:
William B. Littreal, Chief Financial Officer, 757-638-6813
FAQ
What dividend did TowneBank (TOWN) declare for Q4 2025?
When is the TowneBank (TOWN) dividend payable?
What is the record date for TowneBank (TOWN) Q4 2025 dividend?
Is the TowneBank (TOWN) dividend final and guaranteed?
How does TowneBank (TOWN) notify shareholders of the dividend payment date?
Will TowneBank (TOWN) pay the dividend to shareholders who buy shares after December 26, 2025?
