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:
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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