Tompkins Financial
Market Cap
US$1.0b
Last Updated
2020/04/08 06:57 UTC
Data Sources
Company Financials +
Executive Summary
Tompkins Financial Corporation operates as a community-based financial services company that provides commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, and insurance services.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -17.4% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet established dividend payer.
Similar Companies
Share Price & News
How has Tompkins Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TMP's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
3.7%
TMP
0.7%
US Banks
2.4%
US Market
1 Year Return
-11.5%
TMP
-28.9%
US Banks
-10.0%
US Market
Return vs Industry: TMP exceeded the US Banks industry which returned -34.8% over the past year.
Return vs Market: TMP exceeded the US Market which returned -15.9% over the past year.
Shareholder returns
| TMP | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.7% | 0.7% | 2.4% |
| 30 Day | -3.7% | -18.9% | -11.0% |
| 90 Day | -23.0% | -39.2% | -19.4% |
| 1 Year | -9.3%-11.5% | -26.8%-28.9% | -8.1%-10.0% |
| 3 Year | -6.3%-12.8% | -17.2%-23.3% | 17.3%9.6% |
| 5 Year | 46.7%29.2% | 8.1%-4.4% | 36.1%21.1% |
Price Volatility Vs. Market
How volatile is Tompkins Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
What Kind Of Shareholders Own Tompkins Financial Corporation (NYSEMKT:TMP)?2 months ago | Simply Wall St
Tompkins Financial Corporation's (NYSEMKT:TMP) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?2 months ago | Simply Wall St
Should Tompkins Financial (NYSEMKT:TMP) Be Disappointed With Their 79% Profit?Valuation
Is Tompkins Financial undervalued compared to its fair value and its price relative to the market?
17.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TMP ($71.8) is trading below our estimate of fair value ($92.02)
Significantly Below Fair Value: TMP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TMP is poor value based on its PE Ratio (13.3x) compared to the Banks industry average (8.5x).
PE vs Market: TMP is poor value based on its PE Ratio (13.3x) compared to the US market (12.2x).
Price to Earnings Growth Ratio
PEG Ratio: TMP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: TMP is overvalued based on its PB Ratio (1.6x) compared to the US Banks industry average (0.8x).
Next Steps
Future Growth
How is Tompkins Financial forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
-17.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TMP's earnings are forecast to decline over the next 3 years (-17.4% per year).
Earnings vs Market: TMP's earnings are forecast to decline over the next 3 years (-17.4% per year).
High Growth Earnings: TMP's earnings are forecast to decline over the next 3 years.
Revenue vs Market: TMP's revenue is expected to decline over the next 3 years (-1% per year).
High Growth Revenue: TMP's revenue is forecast to decline over the next 3 years (-1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TMP's Return on Equity is forecast to be low in 3 years time (8.1%).
Next Steps
Past Performance
How has Tompkins Financial performed over the past 5 years?
8.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TMP has high quality earnings.
Growing Profit Margin: TMP's current net profit margins (28.2%) are lower than last year (28.4%).
Past Earnings Growth Analysis
Earnings Trend: TMP's earnings have grown by 8.8% per year over the past 5 years.
Accelerating Growth: TMP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TMP had negative earnings growth (-0.7%) over the past year, making it difficult to compare to the Banks industry average (10.9%).
Return on Equity
High ROE: TMP's Return on Equity (12.3%) is considered low.
Next Steps
Financial Health
How is Tompkins Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: TMP's level of assets compared to its equity is moderate.
Allowance for Bad Loans: TMP has a sufficient allowance for bad loans.
Low Risk Liabilities: TMP's liabilities are made up of primarily low risk sources of funding.
Loan Level: TMP has an acceptable proportion of non-loan assets held.
Low Risk Deposits: TMP's loans are broadly funded by customer deposits.
Level of Bad Loans: TMP has an appropriate level of bad loans (0.64%)
Next Steps
Dividend
What is Tompkins Financial's current dividend yield, its reliability and sustainability?
2.96%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TMP's dividend (2.9%) is higher than the bottom 25% of dividend payers in the US market (2.07%).
High Dividend: TMP's dividend (2.9%) is low compared to the top 25% of dividend payers in the US market (5.82%).
Stability and Growth of Payments
Stable Dividend: TMP's dividends per share have been stable in the past 10 years.
Growing Dividend: TMP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.4%), TMP's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TMP's dividends in 3 years are forecast to be covered by earnings (57.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
10.1yrs
Average management tenure
CEO
Steve Romaine (54yo)
13.25s
Tenure
US$3,182,078
Compensation
Mr. Stephen S. Romaine, also known as Steve, is an Independent Director at The Federal Home Loan Bank of New York since January 1, 2019. Mr. Romaine has been the Chief Executive Officer and President at To ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD3.18M) is about average for companies of similar size in the US market ($USD3.29M).
Compensation vs Earnings: Steve's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 13.25yrs | US$3.18m | 0.45% $4.7m | |
| Executive VP | 19.33yrs | US$1.73m | 0.19% $2.0m | |
| Executive Vice President | 16yrs | US$1.23m | 0.18% $1.9m | |
| Executive Vice President | 18.25yrs | US$1.10m | 0.21% $2.2m | |
| Executive Vice President | 7yrs | US$968.91k | 0.12% $1.2m | |
| Senior VP & CTO | no data | no data | no data | |
| Assistant VP and Corporate Administrative & Investor Relations Officer | no data | no data | no data | |
| Executive VP & General Counsel | 4.25yrs | no data | 0.036% $372.1k | |
| Executive Vice President of Corporate Marketing | 5.83yrs | no data | 0.099% $1.0m | |
| Senior VP & Director of Human Resources | 4.33yrs | no data | 0.036% $372.9k |
10.1yrs
Average Tenure
56yo
Average Age
Experienced Management: TMP's management team is seasoned and experienced (10.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 13.25yrs | US$3.18m | 0.45% $4.7m | |
| Independent Vice Chairman | 13.25yrs | US$77.30k | 0.53% $5.6m | |
| Independent Director | 20.25yrs | US$67.00k | 0.17% $1.8m | |
| Independent Director | 7.67yrs | US$54.60k | 0.072% $757.1k | |
| Director | 20.25yrs | US$58.20k | 1.18% $12.3m | |
| Independent Director | 25.25yrs | US$56.10k | 0.31% $3.3m | |
| Independent Director | 13.92yrs | US$53.05k | 0.00091% $9.5k | |
| Independent Director | 9.92yrs | US$82.50k | 0.030% $317.0k | |
| Independent Chairman | 5.92yrs | US$115.80k | 0.0021% $22.3k | |
| Independent Director | 11.25yrs | US$67.50k | 0.0087% $91.5k |
13.3yrs
Average Tenure
66yo
Average Age
Experienced Board: TMP's board of directors are seasoned and experienced ( 13.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Tompkins Financial Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tompkins Financial Corporation
- Ticker: TMP
- Exchange: AMEX
- Founded: 1836
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$1.047b
- Shares outstanding: 14.92m
- Website: https://www.tompkinsfinancial.com
Number of Employees
Location
- Tompkins Financial Corporation
- 118 East Seneca Street
- PO Box 460
- Ithaca
- New York
- 14850
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TMP | AMEX (NYSE MKT LLC) | Yes | Common Stock | US | USD | Jan 1980 |
Biography
Tompkins Financial Corporation operates as a community-based financial services company that provides commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, and insurance services. The company operates through three segments: Banking, Insurance, and Wealth Management. It accepts various deposit products, including checking accounts, savings accounts, time deposits, IRA products, brokered time deposits, and municipal money market accounts. The company also offers loans for various business purposes, including real estate financing, construction and equipment financing, accounts receivable financing, and commercial leasing; residential real estate loans; home equity loans; commercial and industrial loans; commercial real estate loans; agriculturally-related loans; and consumer loans, such as personal installment loans, direct and indirect automobile financing, and overdraft lines of credit, as well as leasing services. In addition, it provides letters of credit and sweep accounts; credit and debit cards; and deposit and cash management, Internet-based account, remote deposit, safe deposit, voice response, ATM, and mobile and Internet banking services. Further, the company offers investment management, trust and estate, financial and tax planning, and brokerage services; property and casualty, life, disability, and long-term care insurance services; employee benefit consulting services; and insurance planning services. It primarily serves individuals, corporate executives, small business owners, and high net worth individuals. The company operates through a network of 66 banking offices, including 46 offices in New York and 20 offices in Pennsylvania. Tompkins Financial Corporation was founded in 1836 and is headquartered in Ithaca, New York.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/08 06:57 |
| End of Day Share Price | 2020/04/07 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.