Tompkins Financial Management

Management criteria checks 3/4

Tompkins Financial's CEO is Steve Romaine, appointed in Jan 2007, has a tenure of 17.33 years. total yearly compensation is $2.77M, comprised of 29.7% salary and 70.3% bonuses, including company stock and options. directly owns 0.58% of the company’s shares, worth $3.92M. The average tenure of the management team and the board of directors is 8.4 years and 15.2 years respectively.

Key information

Steve Romaine

Chief executive officer

US$2.8m

Total compensation

CEO salary percentage	29.7%
CEO tenure	17.3yrs
CEO ownership	0.6%
Management average tenure	8.4yrs
Board average tenure	15.2yrs

Recent management updates

Recent updates

What You Need To Know About Tompkins Financial Corporation's (NYSEMKT:TMP) Investor Composition

Mar 10

Here's What We Like About Tompkins Financial's (NYSEMKT:TMP) Upcoming Dividend

Feb 03

If You Had Bought Tompkins Financial (NYSEMKT:TMP) Stock Five Years Ago, You Could Pocket A 32% Gain Today

Jan 06

Tompkins Financial Corporation (NYSEMKT:TMP) Is An Attractive Dividend Stock - Here's Why

Dec 02

CEO Compensation Analysis

How has Steve Romaine's remuneration changed compared to Tompkins Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$7m
Dec 31 2023	US$3m	US$824k	US$9m
Sep 30 2023	n/a	n/a	US$14m
Jun 30 2023	n/a	n/a	US$69m
Mar 31 2023	n/a	n/a	US$81m
Dec 31 2022	US$2m	US$787k	US$85m
Sep 30 2022	n/a	n/a	US$85m
Jun 30 2022	n/a	n/a	US$85m
Mar 31 2022	n/a	n/a	US$86m
Dec 31 2021	US$2m	US$775k	US$89m
Sep 30 2021	n/a	n/a	US$93m
Jun 30 2021	n/a	n/a	US$96m
Mar 31 2021	n/a	n/a	US$94m
Dec 31 2020	US$3m	US$719k	US$77m
Sep 30 2020	n/a	n/a	US$74m
Jun 30 2020	n/a	n/a	US$70m
Mar 31 2020	n/a	n/a	US$68m
Dec 31 2019	US$3m	US$664k	US$80m
Sep 30 2019	n/a	n/a	US$78m
Jun 30 2019	n/a	n/a	US$79m
Mar 31 2019	n/a	n/a	US$82m
Dec 31 2018	US$1m	US$636k	US$81m
Sep 30 2018	n/a	n/a	US$65m
Jun 30 2018	n/a	n/a	US$61m
Mar 31 2018	n/a	n/a	US$56m
Dec 31 2017	US$2m	US$605k	US$52m

Compensation vs Market: Steve's total compensation ($USD2.77M) is about average for companies of similar size in the US market ($USD3.42M).

Compensation vs Earnings: Steve's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Steve Romaine (58 yo)

17.3yrs

Tenure

US$2,774,221

Compensation

Mr. Stephen S. Romaine, also known as Steve, serves as 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 Tompkins F...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Stephen Romaine	President	17.3yrs	US$2.77m	0.58% $ 3.9m
Matthew Tomazin	Executive VP	less than a year	US$474.40k	0.028% $ 188.0k
David Boyce	Executive Vice President	20.1yrs	US$877.72k	0.20% $ 1.4m
John McKenna	Executive Vice President	no data	US$967.11k	0.11% $ 768.3k
Ginger Kunkel	Executive Vice President	2.3yrs	US$601.08k	0.026% $ 177.9k
Charles Guarino	Executive VP	no data	no data	0.026% $ 174.1k
David Kershaw	Senior Vice President of Finance & Accounting and Chief Accounting Officer	less than a year	no data	0.051% $ 345.4k
Bradley James	Senior VP & CTO	no data	no data	no data
Janet Hewitt	Assistant VP and Corporate Administrative & Investor Relations Officer	no data	no data	no data
Alyssa Fontaine	Executive VP	8.3yrs	no data	0.064% $ 431.1k
Susan Valenti	Executive Vice President of Corporate Marketing	9.9yrs	no data	0.14% $ 960.6k
Bonita Lindberg	Senior VP & Director of Human Resources	8.4yrs	no data	0.065% $ 442.8k

8.4yrs

Average Tenure

55.5yo

Average Age

Experienced Management: TMP's management team is seasoned and experienced (8.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Stephen Romaine	President	17.3yrs	US$2.77m	0.58% $ 3.9m
James Fulmer	Independent Vice Chairman	24.3yrs	US$112.78k	0.53% $ 3.6m
Alfred Weber	Independent Director	11.8yrs	US$86.20k	0.097% $ 660.2k
Michael Spain	Director	24.3yrs	US$84.80k	1.25% $ 8.4m
John Alexander	Independent Director	29.3yrs	US$81.00k	0.39% $ 2.7m
Jennifer Tegan	Independent Director	5yrs	US$92.30k	no data
Patricia Johnson	Independent Director	18yrs	US$95.38k	0.024% $ 165.8k
Paul Battaglia	Independent Director	14yrs	US$122.30k	0.088% $ 595.6k
Nancy Catarisano	Independent Director	1.3yrs	no data	no data
Thomas Rochon	Independent Chairman	15yrs	US$186.80k	0.065% $ 441.8k
Daniel Fessenden	Independent Director	15.3yrs	US$97.10k	0.0095% $ 64.2k
Ita Rahilly	Independent Director	4yrs	US$80.60k	0.059% $ 400.0k

15.2yrs

Average Tenure

66yo

Average Age

Experienced Board: TMP's board of directors are seasoned and experienced ( 15.2 years average tenure).

Tompkins Financial Management

Management criteria checks 3/4

Key information

Recent management updates

Tompkins Financial Corporation, Annual General Meeting, May 14, 2024

Independent Director recently bought US$100k worth of stock

Tompkins Financial Corporation Announces Executive Changes

Tompkins Financial Corporation and Tompkins Community Bank Announce Executive Changes

Independent Director recently bought US$135k worth of stock

Tompkins Financial Corp. Announces Francis M. Fetsko Plans to Retire as Chief Financial Officer

Recent updates

Price target decreased by 7.2% to US$51.50

First quarter dividend increased to US$0.61

Tompkins Financial Corporation Approves Regular Quarterly Cash Dividend, Payable on May 17, 2024

First quarter 2024 earnings released: EPS: US$1.19 (vs US$1.35 in 1Q 2023)

Tompkins Financial Corporation, Annual General Meeting, May 14, 2024

Price target decreased by 10% to US$52.50

Full year 2023 earnings: EPS and revenues miss analyst expectations

Independent Director recently bought US$100k worth of stock

Upcoming dividend of US$0.60 per share at 4.9% yield

Fourth quarter dividend of US$0.60 announced

Full year 2023 earnings: EPS and revenues miss analyst expectations

Tompkins Financial Corporation Approves Payment of Regular Quarterly Cash Dividend, Payable on February 16, 2024

Price target increased by 11% to US$58.50

Tompkins Financial Corporation Approves Payment of Regular Quarterly Cash Dividend, Payable on November 15, 2023

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

New minor risk - Profit margin trend

Consensus EPS estimates fall by 38%

Price target decreased by 9.5% to US$52.50

Tompkins Financial Corporation Announces Executive Changes

Consensus EPS estimates fall by 12%

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Tompkins Financial Corporation and Tompkins Community Bank Announce Executive Changes

Investor sentiment improves as stock rises 16%

Independent Director recently bought US$135k worth of stock

Tompkins Financial Corp. Announces Francis M. Fetsko Plans to Retire as Chief Financial Officer

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target decreased by 10.0% to US$67.50

Price target decreased by 8.9% to US$72.00

Full year 2022 earnings: EPS misses analyst expectations

Now 20% undervalued after recent price drop

Tompkins Financial Corporation Reports Cash Dividend, Payable on February 15, 2023

Full year 2022 earnings: EPS misses analyst expectations

Now 21% undervalued

Now 21% undervalued

President exercised options and sold US$537k worth of stock

Executive Vice President recently sold US$129k worth of stock

Upcoming dividend of US$0.60 per share

Tompkins Financial Corporation Increases Quarterly Dividend, Payable on November 15, 2022

Third quarter 2022 earnings: EPS misses analyst expectations

Executive VP recently sold US$63k worth of stock

Tompkins Financial Corporation Approves Payment of Regular Quarterly Cash Dividend, Payable on August 12, 2022

Second quarter 2022 earnings released: EPS: US$1.45 (vs US$1.55 in 2Q 2021)

Insider recently bought US$100k worth of stock

Tompkins Financial Corporation Announces Regular Quarterly Cash Dividend, Payable on May 16, 2022

First quarter 2022 earnings: EPS exceeds analyst expectations

Tompkins Financial Corporation, Annual General Meeting, May 10, 2022

Tompkins Financial Corporation, Annual General Meeting, May 10, 2022

Tompkins Financial Corporation, Annual General Meeting, May 10, 2022

Full year 2021 earnings: EPS misses analyst expectations

Tompkins Financial Corporation Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2021

Insider recently sold US$82k worth of stock

Upcoming dividend of US$0.57 per share

Third quarter 2021 earnings released: EPS US$1.46 (vs US$1.63 in 3Q 2020)

Upcoming dividend of US$0.54 per share

Second quarter 2021 earnings released: EPS US$1.55 (vs US$1.44 in 2Q 2020)

Executive VP recently sold US$105k worth of stock

President exercised options and sold US$318k worth of stock

Consensus EPS estimates increase to US$6.07

First quarter 2021 earnings released: EPS US$1.75 (vs US$0.53 in 1Q 2020)

Tompkins Financial Corporation Approves Regular Quarterly Cash Dividend, Payable on May 17, 2021

Price target increased to US$79.50

Executive Vice President exercised options and sold US$100k worth of stock

What You Need To Know About Tompkins Financial Corporation's (NYSEMKT:TMP) Investor Composition

Full year 2020 earnings released: EPS US$5.22 (vs US$5.39 in FY 2019)

Earnings beat expectations, revenue disappoints

New 90-day high: US$78.29

Analysts update estimates

Here's What We Like About Tompkins Financial's (NYSEMKT:TMP) Upcoming Dividend

Full year 2020 earnings released: EPS US$5.22 (vs US$5.39 in FY 2019)