TowneBank
TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals in Virginia and North Carolina. The company operates through three segments: Banking, Realty, and Insurance. It accepts various deposits, including demand deposits, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts. The company also o… Read more
TowneBank (3T8) - Net Assets
Latest net assets as of September 2025: €2.41 Billion EUR
Based on the latest financial reports, TowneBank (3T8) has net assets worth €2.41 Billion EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€19.68 Billion) and total liabilities (€17.28 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €2.41 Billion |
| % of Total Assets | 12.22% |
| Annual Growth Rate | 13.3% |
| 5-Year Change | 20.84% |
| 10-Year Change | 162.82% |
| Growth Volatility | 12.91 |
TowneBank - Net Assets Trend (2014–2024)
This chart illustrates how TowneBank's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TowneBank (2014–2024)
The table below shows the annual net assets of TowneBank from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €2.16 Billion | +4.85% |
| 2023-12-31 | €2.06 Billion | +8.85% |
| 2022-12-31 | €1.89 Billion | -1.43% |
| 2021-12-31 | €1.92 Billion | +7.42% |
| 2020-12-31 | €1.78 Billion | +7.87% |
| 2019-12-31 | €1.65 Billion | +7.49% |
| 2018-12-31 | €1.54 Billion | +34.65% |
| 2017-12-31 | €1.14 Billion | +5.15% |
| 2016-12-31 | €1.09 Billion | +32.48% |
| 2015-12-31 | €820.19 Million | +32.66% |
| 2014-12-31 | €618.28 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TowneBank's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 551.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.01 Billion | 47.11% |
| Other Components | €1.13 Billion | 52.89% |
| Total Equity | €2.14 Billion | 100.00% |
TowneBank Competitors by Market Cap
The table below lists competitors of TowneBank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cadeler A/S
NYSE:CDLR
|
$2.10 Billion |
|
PUBLIC STORAGE PRF.O 25
F:PUP0
|
$2.10 Billion |
|
Porsche AG
XETRA:P911
|
$2.10 Billion |
|
Zhejiang Sanmei Chemical Industry Co Ltd
SHG:603379
|
$2.10 Billion |
|
Dream Industrial Real Estate Investment Trust
PINK:DREUF
|
$2.10 Billion |
|
NetScout Systems Inc
NASDAQ:NTCT
|
$2.10 Billion |
|
PT GoTo Gojek Tokopedia Tbk
F:CK8
|
$2.10 Billion |
|
Dr Ing hcF Porsche AG
F:P911
|
$2.10 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TowneBank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,039,972,000 to 2,139,332,000, a change of 99,360,000 (4.9%).
- Net income of 161,757,000 contributed positively to equity growth.
- Dividend payments of 75,017,000 reduced retained earnings.
- New share issuances of 3,584,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €161.76 Million | +7.56% |
| Dividends Paid | €75.02 Million | -3.51% |
| Share Issuances | €3.58 Million | +0.17% |
| Other Changes | €9.04 Million | +0.42% |
| Total Change | €- | 4.87% |
Book Value vs Market Value Analysis
This analysis compares TowneBank's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.99x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.56x to 0.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €18.06 | €28.20 | x |
| 2018-12-31 | €21.05 | €28.20 | x |
| 2019-12-31 | €22.58 | €28.20 | x |
| 2020-12-31 | €24.31 | €28.20 | x |
| 2021-12-31 | €26.13 | €28.20 | x |
| 2022-12-31 | €25.73 | €28.20 | x |
| 2023-12-31 | €27.61 | €28.20 | x |
| 2024-12-31 | €28.43 | €28.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TowneBank utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.56%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.36%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 8.06x
- Recent ROE (7.56%) is below the historical average (8.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 7.92% | 17.43% | 0.05x | 9.36x | €-11.08 Million |
| 2015 | 7.69% | 21.17% | 0.05x | 7.76x | €-18.71 Million |
| 2016 | 6.26% | 18.02% | 0.05x | 7.42x | €-40.26 Million |
| 2017 | 7.75% | 19.55% | 0.05x | 7.53x | €-25.46 Million |
| 2018 | 8.77% | 25.15% | 0.05x | 7.32x | €-18.76 Million |
| 2019 | 8.46% | 24.64% | 0.05x | 7.28x | €-25.29 Million |
| 2020 | 8.24% | 21.98% | 0.05x | 8.28x | €-31.15 Million |
| 2021 | 11.34% | 31.72% | 0.04x | 8.61x | €25.45 Million |
| 2022 | 10.08% | 27.53% | 0.04x | 8.46x | €1.59 Million |
| 2023 | 7.54% | 22.11% | 0.04x | 8.25x | €-50.28 Million |
| 2024 | 7.56% | 23.36% | 0.04x | 8.06x | €-52.18 Million |
Industry Comparison
This section compares TowneBank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $2,390,090,069,556
- Average return on equity (ROE) among peers: 3.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TowneBank (3T8) | €2.41 Billion | 7.92% | 7.18x | $2.10 Billion |
| PT Bank Sinarmas Tbk (08S) | $6.07 Trillion | 0.11% | 5.02x | $303.68 Million |
| Seven Bank Ltd (0S7) | $275.85 Billion | 11.59% | 5.23x | $648.12 Million |
| Aktia Pankki Oyj (2A41) | $666.83 Million | 6.39% | 14.86x | $486.03 Million |
| Manx Financial Group PLC (3IM) | $24.98 Million | 11.18% | 11.36x | $13.98 Million |
| TISCO Financial Group PCL (47T) | $42.45 Billion | 17.20% | 5.85x | $2.09 Billion |
| Bank of Qingdao Co. Ltd (4BQ) | $44.90 Billion | 9.50% | 14.37x | $867.69 Million |
| Fukuoka Financial Group Inc (4FK) | $853.06 Billion | 12.97% | 28.39x | $6.27 Billion |
| PT Bank KB Bukopin Tbk (5BB) | $14.11 Trillion | -42.76% | 4.97x | $15.54 Million |
| FIDEA Holdings Co. Ltd (5F9) | $109.23 Billion | 3.21% | 28.89x | $177.57 Million |