Tompkins Financl - TMP STOCK NEWS

Tompkins Community Bank has named Diane Torcello and Johanna Anderson as new market presidents for Western New York and Central New York, respectively. Torcello, with 18 years at Tompkins, previously served as senior vice president and has been recognized as a leader in the banking community. Anderson, a three-year board member, brings expertise in residential lending and affordable housing development.

This announcement represents a milestone in the bank's executive leadership, as it marks the first time three of the four market president roles are filled by women. Both leaders are expected to enhance client engagement and community relations while driving growth in their regions.

Tompkins Financial Corporation (NYSE American:TMP) has declared a quarterly cash dividend of $0.60 per share, an increase of $0.03 or 5.3% from the previous year. This dividend will be payable on February 15, 2023, to shareholders on record as of February 7, 2023. Headquartered in Ithaca, NY, Tompkins Financial operates across New York and Pennsylvania, providing banking, insurance, and wealth management services.

Tompkins Financial Corporation (NYSE American: TMP) reported a diluted EPS of $1.36 for Q4 2022, marking a 2.3% increase from Q4 2021. Net income remained unchanged at $19.5 million. For the year, diluted EPS fell by 2.6% to $5.89, with total net income of $85 million, reflecting a $4.2 million decline year-over-year. The drop was largely due to reduced net deferred loan fees from $11.2 million in 2021 to $3 million in 2022 and a shift from credit recoveries to a $2.8 million credit loss expense. The sale of VISA Class B shares yielded an $11.4 million gain, while available-for-sale securities incurred an $11.9 million loss. Total loans increased to $5.3 billion, while total deposits dropped to $6.6 billion.

Tompkins Financial Corporation (NYSE American: TMP) announced a quarterly cash dividend of $0.60 per share, set to be paid on November 15, 2022, to shareholders on record as of November 8, 2022. This marks a 5.3% increase from the previous quarter's dividend of $0.57 per share. The company operates within the banking and financial services sector, serving various regions in New York and Pennsylvania.

Tompkins Financial Corporation (TMP) reported a diluted EPS of $1.48 for Q3 2022, a slight increase from $1.45 in Q3 2021. Net income remained stable at $21.3 million, while year-to-date EPS decreased by 4% to $4.53, with a net income of $65.5 million, down 6.2% from 2021. The variance is primarily due to a provision for credit losses of $1.4 million in 2022, compared to a credit of $6.1 million in 2021. Total loans grew at an annualized rate of 3.8%, with total deposits at $6.9 billion, up 2.5% from the prior quarter.

Tompkins Financial Corporation (NYSE American: TMP) reported diluted earnings per share of $1.45 for Q2 2022, an 8.6% decline in net income to $20.9 million compared to Q2 2021. The decrease is largely attributed to a variance in provision for credit losses. Year-to-date EPS was $3.05, down 6.4% from the previous year. However, total revenue rose by 4.8% year-on-year, driven by an improved net interest margin of 3.09%. Total loans increased by $99.1 million, and nonperforming asset levels declined. Capital ratios remain above regulatory minimums.

Tompkins Financial Corporation (NYSE American: TMP) has announced a regular quarterly cash dividend of $0.57 per share. This dividend is scheduled for payment on August 12, 2022 to shareholders of record as of August 2, 2022. The dividend reflects the company’s ongoing commitment to returning value to its shareholders while continuing to serve the Central, Western, and Hudson Valley regions of New York and Southeastern Pennsylvania.

Tompkins Financial Corporation (NYSE American:TMP) has declared a quarterly cash dividend of $0.57 per share. This dividend is scheduled for payment on May 16, 2022, to shareholders who are on record by May 10, 2022. The company is prominent in banking and financial services, primarily operating in New York and Pennsylvania. For further information, visit www.tompkinsfinancial.com.