AMEX:TMP

Stock Analysis Report

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Executive Summary

Tompkins Financial Corporation, a community-based financial services company, provides commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, and insurance services. More Details

Rewards

Trading at 7.6% below our estimate of its fair value

Pays a reliable dividend of 2.85%

Risk Analysis

No risks detected for TMP from our risk checks.


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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: TMP's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-0.5%

TMP

0.8%

US Banks

-1.0%

US Market


1 Year Return

-18.1%

TMP

-7.2%

US Banks

19.6%

US Market

Return vs Industry: TMP underperformed the US Banks industry which returned -7.3% over the past year.

Return vs Market: TMP underperformed the US Market which returned 19.6% over the past year.


Shareholder returns

TMPIndustryMarket
7 Day-0.5%0.8%-1.0%
30 Day6.0%12.2%2.2%
90 Day33.7%38.4%11.5%
1 Year-15.4%-18.1%-3.8%-7.2%22.3%19.6%
3 Year-4.3%-11.8%1.6%-7.1%45.3%35.7%
5 Year62.7%42.9%87.4%63.6%124.8%99.8%

Long-Term 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

Valuation

Is Tompkins Financial undervalued compared to its fair value and its price relative to the market?

7.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TMP ($75.73) is trading below our estimate of fair value ($81.99)

Significantly Below Fair Value: TMP is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: TMP is poor value based on its PE Ratio (15.1x) compared to the US Banks industry average (12.3x).

PE vs Market: TMP is good value based on its PE Ratio (15.1x) compared to the US market (21x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TMP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TMP is overvalued based on its PB Ratio (1.6x) compared to the US Banks industry average (1x).


Next Steps

Future Growth

How is Tompkins Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.8%

Forecasted Banks industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if TMP's forecast earnings growth is above the savings rate (2%).

Earnings vs Market: Insufficient data to determine if TMP's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if TMP's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if TMP's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TMP's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Tompkins Financial performed over the past 5 years?

7.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TMP has high quality earnings.

Growing Profit Margin: TMP's current net profit margins (26.5%) are lower than last year (27.6%).


Past Earnings Growth Analysis

Earnings Trend: TMP's earnings have grown by 7.1% 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 (-5.9%) over the past year, making it difficult to compare to the Banks industry average (-4.4%).


Return on Equity

High ROE: TMP's Return on Equity (10.5%) 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 Assets to Equity ratio (10.9x) is moderate.

Allowance for Bad Loans: TMP has a sufficient allowance for bad loans (155%).

Low Risk Liabilities: 93% of TMP's liabilities are made up of primarily low risk sources of funding.

Loan Level: TMP has an appropriate level of Loans to Assets ratio (69%).

Low Risk Deposits: TMP's Loans to Deposits ratio (81%) is appropriate.

Level of Bad Loans: TMP has an appropriate level of bad loans (0.6%).


Next Steps

Dividend

What is Tompkins Financial current dividend yield, its reliability and sustainability?

2.85%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TMP's dividend (2.85%) is higher than the bottom 25% of dividend payers in the US market (1.39%).

High Dividend: TMP's dividend (2.85%) is low compared to the top 25% of dividend payers in the US market (3.85%).


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 (41.5%), 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 well covered by earnings (44.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

14.0yrs

Average management tenure


CEO

Steve Romaine (55 yo)

14yrs

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 ($USD3.18M) is above average for companies of similar size in the US market ($USD2.42M).

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

NamePositionTenureCompensationOwnership
Stephen Romaine
President14yrsUS$3.18m0.48%
$ 5.4m
Francis Fetsko
Executive VP20.08yrsUS$1.73m0.22%
$ 2.5m
David Boyce
Executive Vice President16.75yrsUS$1.23m0.19%
$ 2.2m
Gregory Hartz
Executive Vice President19yrsUS$1.10m0.22%
$ 2.5m
Scott Gruber
Executive Vice President7.75yrsUS$968.91k0.12%
$ 1.4m
Bradley James
Senior VP & CTOno datano datano data
Janet Hewitt
Assistant VP and Corporate Administrative & Investor Relations Officerno datano datano data
Alyssa Fontaine
Executive VP & General Counsel5yrsno data0.047%
$ 526.1k
Susan Valenti
Executive Vice President of Corporate Marketing6.58yrsno data0.11%
$ 1.2m
Bonita Lindberg
Senior VP & Director of Human Resources5.08yrsno data0.046%
$ 525.3k
Gerald Klein
Executive Vice President14yrsUS$556.60k0.23%
$ 2.6m
Richard Dolge
Senior Vice Presidentno datano datano data

14.0yrs

Average Tenure

59yo

Average Age

Experienced Management: TMP's management team is seasoned and experienced (14 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Stephen Romaine
President14yrsUS$3.18m0.48%
$ 5.4m
James Fulmer
Independent Vice Chairman14yrsUS$77.30k0.53%
$ 5.9m
Craig Yunker
Independent Director21yrsUS$67.00k0.17%
$ 1.9m
Alfred Weber
Independent Director8.42yrsUS$54.60k0.072%
$ 817.1k
Michael Spain
Director21yrsUS$58.20k1.18%
$ 13.3m
John Alexander
Independent Director26yrsUS$56.10k0.31%
$ 3.5m
Frank Milewski
Independent Director8.42yrsUS$67.00k0.12%
$ 1.4m
Jennifer Tegan
Independent Director1.67yrsUS$45.51kno data
Patricia Johnson
Independent Director14.67yrsUS$53.05k0.00091%
$ 10.3k
Paul Battaglia
Independent Director10.67yrsUS$82.50k0.030%
$ 342.2k
Thomas Rochon
Independent Chairman6.67yrsUS$115.80k0.0030%
$ 34.0k
Daniel Fessenden
Independent Director12yrsUS$67.50k0.0087%
$ 98.7k

13.0yrs

Average Tenure

67yo

Average Age

Experienced Board: TMP's board of directors are seasoned and experienced ( 13 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TMP 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$1.131b
  • Shares outstanding: 14.93m
  • Website: https://www.tompkinsfinancial.com

Number of Employees


Location

  • Tompkins Financial Corporation
  • 118 East Seneca Street
  • PO Box 460
  • Ithaca
  • New York
  • 14851
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TMPAMEX (NYSE MKT LLC)YesCommon StockUSUSDJan 1980

Biography

Tompkins Financial Corporation, a community-based financial services company, provides commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, a...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/17 00:12
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.