Correction: Earns-TowneBank story

MarketsAssociated Press

In a story July 24 about TowneBank earnings -- generated by Automated Insights using data from Zacks Investment Research -- The Associated Press reported erroneously the company's headquarters location. It is based in Portsmouth, Virginia.

A corrected version of the story is below:

Continue Reading Below

TowneBank posts 2Q profit

TowneBank posts 2nd-quarter profit of $17.8 million

PORTSMOUTH, Virginia (AP) — TowneBank (TOWN) on Friday reported second-quarter net income of $17.8 million.

The bank, based in Portsmouth, Virginia, said it had earnings of 35 cents per share.

The community bank posted revenue of $78 million in the period.

TowneBank shares have risen 11 percent since the beginning of the year. In the final minutes of trading on Friday, shares hit $16.78, an increase of 13 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TOWN at http://www.zacks.com/ap/TOWN

_____

Keywords: TowneBank, Earnings Report