Towne Bank (NASDAQ:TOWN) reported quarterly earnings of $0.78 per share which missed the analyst consensus estimate of $0.79 by 1.27 percent. This is a 3.7 percent decrease over earnings of $0.81 per share from the same period last year. The company reported quarterly sales of $444.266 million which beat the analyst consensus estimate of $292.624 million by 51.82 percent. This is a 114.16 percent increase over sales of $207.442 million the same period last year.