Towne Bank (NASDAQ:TOWN) reported quarterly earnings of $0.57 per share which beat the analyst consensus estimate of $0.56 by 1.79 percent. This is a 5 percent decrease over earnings of $0.60 per share from the same period last year. The company reported quarterly sales of $174.52 million which missed the analyst consensus estimate of $180.35 million by 3.23 percent. This is a 0.96 percent increase over sales of $172.86 million the same period last year.