Towne Bank (NASDAQ:TOWN) reported quarterly earnings of $0.74 per share which missed the analyst consensus estimate of $0.76 by 2.63 percent. This is a 8.82 percent increase over earnings of $0.68 per share from the same period last year. The company reported quarterly sales of $246.447 million which missed the analyst consensus estimate of $256.422 million by 3.89 percent. This is a 28.33 percent increase over sales of $192.044 million the same period last year.