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Tompkins Financial

AMEX:TMP
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TMP
AMEX
$1B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

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 last earnings update was 3 days ago. More info.


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TMP Share Price and Events
7 Day Returns
-0%
AMEX:TMP
-1.1%
US Banks
-1.2%
US Market
1 Year Returns
-11.2%
AMEX:TMP
-6.5%
US Banks
3.4%
US Market
TMP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tompkins Financial (TMP) -0% 1.1% 0.5% -11.2% 11.8% 77.2%
US Banks -1.1% 2.7% -0.4% -6.5% 45.1% 45.5%
US Market -1.2% 0.7% 1.7% 3.4% 35.5% 41.6%
1 Year Return vs Industry and Market
  • TMP underperformed the Banks industry which returned -6.5% over the past year.
  • TMP underperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
TMP
Industry
5yr Volatility vs Market

Value

 Is Tompkins Financial undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Tompkins Financial to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Tompkins Financial.

AMEX:TMP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $38.09 * 10.8%
$4.11
Book Value of Equity per Share Median Book Value from the past 5 years. $38.09
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AMEX:TMP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.597 (1 + (1- 21%) (74.09%))
0.964
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.964 * 5.96%)
8.47%

Discounted Cash Flow Calculation for AMEX:TMP using Excess Returns Model Model

The calculations below outline how an intrinsic value for Tompkins Financial is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

AMEX:TMP Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.8% – 8.47%) * $38.09)
$0.88
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.88 / (8.47% - 2.73%)
$15.31
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $38.09 + $15.31
$53.4
AMEX:TMP Discount to Share Price
Calculation Result
Value per share (USD) From above. $53.40
Current discount Discount to share price of $79.81
= -1 x ($79.81 - $53.40) / $53.40
-49.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Tompkins Financial is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tompkins Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tompkins Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:TMP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $5.24
AMEX:TMP Share Price ** AMEX (2019-07-19) in USD $79.81
United States of America Banks Industry PE Ratio Median Figure of 594 Publicly-Listed Banks Companies 12.72x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tompkins Financial.

AMEX:TMP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:TMP Share Price ÷ EPS (both in USD)

= 79.81 ÷ 5.24

15.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tompkins Financial is overvalued based on earnings compared to the US Banks industry average.
  • Tompkins Financial is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Tompkins Financial's expected growth come at a high price?
Raw Data
AMEX:TMP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
3.7%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.2x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

AMEX:TMP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.22x ÷ 3.7%

4.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tompkins Financial is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Tompkins Financial's assets?
Raw Data
AMEX:TMP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $43.52
AMEX:TMP Share Price * AMEX (2019-07-19) in USD $79.81
United States of America Banks Industry PB Ratio Median Figure of 594 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,247 Publicly-Listed Companies 1.79x
AMEX:TMP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:TMP Share Price ÷ Book Value per Share (both in USD)

= 79.81 ÷ 43.52

1.83x

* Primary Listing of Tompkins Financial.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tompkins Financial is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Tompkins Financial's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Tompkins Financial has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Tompkins Financial expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tompkins Financial expected to grow at an attractive rate?
  • Tompkins Financial's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Tompkins Financial's earnings growth is positive but not above the United States of America market average.
  • Tompkins Financial's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
AMEX:TMP Future Growth Rates Data Sources
Data Point Source Value (per year)
AMEX:TMP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 3.7%
AMEX:TMP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 2.7%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.8%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AMEX:TMP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 weeks ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:TMP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 295 84 1
2019-12-31 284 82 1
AMEX:TMP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 284 79
2019-03-31 286 105 82
2018-12-31 285 107 81
2018-09-30 279 98 65
2018-06-30 275 85 61
2018-03-31 269 90 56
2017-12-31 264 86 52
2017-09-30 260 81 64
2017-06-30 255 92 62
2017-03-31 249 88 60
2016-12-31 245 91 58
2016-09-30 244 87 57

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tompkins Financial's earnings are expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).
  • Tompkins Financial's revenue is expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AMEX:TMP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 weeks ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Tompkins Financial Company Filings, last reported 3 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:TMP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 5.46 5.46 5.46 1.00
2019-12-31 5.39 5.39 5.39 1.00
AMEX:TMP Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 5.24
2019-03-31 5.42
2018-12-31 5.39
2018-09-30 4.31
2018-06-30 4.09
2018-03-31 3.76
2017-12-31 3.46
2017-09-30 4.30
2017-06-30 4.16
2017-03-31 4.03
2016-12-31 3.94
2016-09-30 3.87

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Tompkins Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Tompkins Financial's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tompkins Financial has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Tompkins Financial performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tompkins Financial's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tompkins Financial's year on year earnings growth rate has been positive over the past 5 years.
  • Tompkins Financial's 1-year earnings growth exceeds its 5-year average (28.7% vs 7.5%)
  • Tompkins Financial's earnings growth has not exceeded the US Banks industry average in the past year (28.7% vs 37.7%).
Earnings and Revenue History
Tompkins Financial's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tompkins Financial Company Filings, last reported 3 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:TMP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 283.64 78.93 135.77
2019-03-31 286.23 81.60 134.19
2018-12-31 285.31 80.99 133.87
2018-09-30 278.84 64.80 132.74
2018-06-30 275.14 61.35 131.38
2018-03-31 269.22 56.31 130.25
2017-12-31 263.65 51.68 128.66
2017-09-30 260.06 64.13 125.58
2017-06-30 254.70 61.92 124.52
2017-03-31 248.82 59.86 123.04
2016-12-31 245.12 58.43 121.35
2016-09-30 243.95 57.17 120.95
2016-06-30 241.04 56.56 119.00
2016-03-31 239.40 59.11 118.64
2015-12-31 237.38 57.59 117.97
2015-09-30 235.76 56.50 117.01
2015-06-30 235.42 55.79 115.88
2015-03-31 234.22 51.58 114.61
2014-12-31 232.27 51.54 113.51
2014-09-30 232.27 53.16 114.13
2014-06-30 228.62 53.47 113.90
2014-03-31 224.33 51.38 113.87
2013-12-31 222.17 50.44 111.78
2013-09-30 215.43 47.41 107.79
2013-06-30 210.36 36.97 103.51
2013-03-31 195.94 34.90 94.29
2012-12-31 179.71 31.17 87.80
2012-09-30 165.35 29.37 80.73

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Tompkins Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tompkins Financial used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Tompkins Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Tompkins Financial's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tompkins Financial has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Tompkins Financial's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Tompkins Financial's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tompkins Financial Company Filings, last reported 3 weeks ago.

AMEX:TMP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 657.68 905.49 81.01
2019-03-31 647.27 1,007.25 70.57
2018-12-31 620.87 1,174.78 73.79
2018-09-30 599.14 1,058.21 113.16
2018-06-30 590.65 1,298.78 82.67
2018-03-31 579.41 1,080.94 68.10
2017-12-31 576.20 1,163.61 77.70
2017-09-30 589.87 925.10 129.41
2017-06-30 576.92 1,019.00 78.18
2017-03-31 563.52 804.56 78.47
2016-12-31 549.41 991.56 57.35
2016-09-30 561.19 785.86 179.59
2016-06-30 554.44 834.80 73.10
2016-03-31 539.89 609.44 62.54
2015-12-31 516.47 710.31 60.23
2015-09-30 517.96 571.35 114.84
2015-06-30 505.39 661.81 68.29
2015-03-31 504.30 504.00 72.60
2014-12-31 489.58 540.92 60.66
2014-09-30 490.61 332.18 94.59
2014-06-30 489.24 469.21 93.43
2014-03-31 473.82 410.62 108.80
2013-12-31 457.94 536.42 82.08
2013-09-30 444.28 441.42 100.11
2013-06-30 431.89 514.30 81.23
2013-03-31 446.81 394.43 114.78
2012-12-31 441.36 369.50 118.18
2012-09-30 440.95 376.11 160.04
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Tompkins Financial has an acceptable proportion of non-loan assets held.
  • Tompkins Financial's liabilities are made up of primarily low risk sources of funding.
  • Loans at Tompkins Financial are broadly funded by customer deposits.
  • Tompkins Financial's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Tompkins Financial has a sufficient allowance for bad loans.
  • Tompkins Financial has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Tompkins Financial's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tompkins Financial has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.51%
Current annual income from Tompkins Financial dividends. Estimated to be 2.54% next year.
If you bought $2,000 of Tompkins Financial shares you are expected to receive $50 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Tompkins Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Tompkins Financial's dividend is below the markets top 25% of dividend payers in United States of America (3.78%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AMEX:TMP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 480 Stocks 3.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AMEX:TMP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 2.05 2.00
2019-12-31 2.01 2.00
AMEX:TMP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-07-19 2.000 2.506
2019-04-26 2.000 2.499
2019-01-25 2.000 2.582
2018-10-19 2.000 2.625
2018-07-20 1.920 2.273
2018-04-27 1.920 2.257
2018-01-26 1.920 2.440
2017-10-27 1.880 2.245
2017-07-21 1.800 2.261
2017-04-28 1.800 2.257
2017-01-27 1.800 2.119
2016-10-28 1.800 2.064
2016-07-22 1.760 2.371
2016-04-22 1.760 2.667
2016-01-29 1.760 2.927
2015-10-30 1.760 3.080
2015-07-31 1.680 3.151
2015-04-24 1.680 3.172
2015-01-28 1.680 3.165
2014-10-24 1.680 3.290
2014-07-25 1.600 3.539
2014-04-25 1.600 3.423
2014-01-24 1.600 3.324
2013-10-18 1.600 3.231
2013-07-19 1.520 3.375
2013-04-26 1.520 3.532
2013-01-25 1.520 3.674
2012-10-25 1.520 3.837
2012-07-20 1.440 3.629
2012-04-25 1.440 3.866
2012-01-25 1.440 3.552
2011-10-26 1.440 3.667
2011-07-20 1.440 3.804
2011-04-27 1.360 3.485
2011-01-26 1.360 3.340
2010-10-27 1.360 3.422
2010-07-21 1.360 3.451
2010-04-21 1.360 3.469
2010-01-27 1.236 3.322
2009-10-28 1.236 3.355
2009-07-22 1.236 3.061
2009-04-29 1.236 2.877
2009-01-28 1.236 3.161
2008-10-29 1.236 2.672
2008-07-23 1.236 2.968

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Tompkins Financial's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Tompkins Financial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tompkins Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tompkins Financial has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Tompkins Financial's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steve Romaine
COMPENSATION $1,389,441
AGE 54
TENURE AS CEO 12.5 years
CEO Bio

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 Tompkins Financial Corporation (formerly, Tompkins Trustco Inc), the holding company of Tompkins Trust Company since January 1, 2007. Mr. Romaine served as the President and Chief Executive Officer of The Mahopac National Bank, a subsidiary of Tompkins Financial Corporation from January 1, 2003 to December 31, 2006. He served as an Executive Vice President of Tompkins Financial Corporation. Mr. Romaine served as an Executive Vice President, Chief Financial Officer and Manager of Support Services Division of Mahopac National Bank. He serves as the Chairman of the Board of Directors of Tompkins Trust Company since May 2014. Mr. Romaine currently serves on the Board of the New York Bankers Association, and served as its Chairman from March 2016 through March 2017. His civic involvement includes service as a member of the Board of Directors of the Ithaca Aviation Heritage Foundation and the TC3 Foundation. He has been an Executive Director of Tompkins Financial Corporation since January 1, 2007. He has been a Director of TFA Management, Inc. since January 01, 2007 and Tompkins VIST Bank. He has been a Director of Tompkins Trust Company, Tompkins Bank of Castile, Tompkins Insurance Agencies, Inc., subsidiaries of Tompkins Financial Corporation since January 1, 2007. Mr. Kilbourne previously served as senior advisor to the Commissioner of the New York State Division of Housing and Community Renewal. Mr. Kilbourne serves as managing director of the Financial Services Volunteer Corps. Mr. Romaine has been a Director of AM & M Financial Services Inc. since January 1, 2007. He serves as a Director of Tompkins Mahopac Bank. Mr. Romaine serves as a trustee of The Wright Family Foundation.

CEO Compensation
  • Steve's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Steve's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Tompkins Financial management team in years:

9.4
Average Tenure
56
Average Age
  • The average tenure for the Tompkins Financial management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Steve Romaine

TITLE
President
COMPENSATION
$1M
AGE
54
TENURE
12.5 yrs

Frank Fetsko

TITLE
Executive VP
COMPENSATION
$729K
AGE
54
TENURE
18.6 yrs

David Boyce

TITLE
Executive Vice President
COMPENSATION
$581K
AGE
52
TENURE
15.3 yrs

Greg Hartz

TITLE
Executive Vice President
COMPENSATION
$560K
AGE
58
TENURE
17.5 yrs

Scott Gruber

TITLE
Executive Vice President
COMPENSATION
$731K
AGE
62
TENURE
6.3 yrs

Brad James

TITLE
Senior VP & CTO

Janet Hewitt

TITLE
Assistant VP

Alyssa Fontaine

TITLE
Executive VP & General Counsel
AGE
38
TENURE
3.5 yrs

Susan Valenti

TITLE
Executive VP & Corporate Marketing Officer
AGE
64
TENURE
5.1 yrs

Bonita Lindberg

TITLE
Senior VP & Director of Human Resources
AGE
62
TENURE
3.6 yrs
Board of Directors Tenure

Average tenure and age of the Tompkins Financial board of directors in years:

12.5
Average Tenure
66
Average Age
  • The average tenure for the Tompkins Financial board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Tom Rochon

TITLE
Chairman of the Board
COMPENSATION
$112K
AGE
66
TENURE
5.2 yrs

Steve Romaine

TITLE
President
COMPENSATION
$1M
AGE
54
TENURE
12.5 yrs

Jim Fulmer

TITLE
Vice Chairman of the Board
COMPENSATION
$75K
AGE
68
TENURE
12.5 yrs

Craig Yunker

TITLE
Director
COMPENSATION
$65K
AGE
68
TENURE
19.5 yrs

Dan Fessenden

TITLE
Director
COMPENSATION
$66K
AGE
53
TENURE
10.5 yrs

Paul Battaglia

TITLE
Director
COMPENSATION
$80K
AGE
67
TENURE
9.2 yrs

Michael Spain

TITLE
Director
COMPENSATION
$57K
AGE
61
TENURE
19.5 yrs

Patricia Johnson

TITLE
Director
COMPENSATION
$53K
AGE
63
TENURE
13.2 yrs

John Alexander

TITLE
Director
COMPENSATION
$55K
AGE
66
TENURE
24.5 yrs

Al Weber

TITLE
Director
COMPENSATION
$53K
AGE
66
TENURE
6.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
05. Nov 18 Buy Frank Milewski Individual 02. Nov 18 02. Nov 18 200 $73.88 $14,776
20. Aug 18 Sell Gerald Klein Individual 17. Aug 18 17. Aug 18 -750 $86.51 $-64,883
X
Management checks
We assess Tompkins Financial's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tompkins Financial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Here's Why I Think Tompkins Financial (NYSEMKT:TMP) Might Deserve Your Attention Today

In contrast to all that, I prefer to spend time on companies like Tompkins Financial (NYSEMKT:TMP), which has not only revenues, but also profits. … Check out our latest analysis for Tompkins Financial Tompkins Financial's Earnings Per Share Are Growing. … I note that Tompkins Financial's revenue from operations was lower than its revenue in the last twelve months, so that could distort my analysis of its margins.

Simply Wall St -

The Tompkins Financial (NYSEMKT:TMP) Share Price Is Up 68% And Shareholders Are Holding On

For example, long term Tompkins Financial Corporation (NYSEMKT:TMP) shareholders have enjoyed a 68% share price rise over the last half decade, well in excess of the market return of around 38% (not including dividends). … During five years of share price growth, Tompkins Financial achieved compound earnings per share (EPS) growth of 8.9% per year. … We note that for Tompkins Financial the TSR over the last 5 years was 92%, which is better than the share price return mentioned above.

Simply Wall St -

Are Insiders Selling Tompkins Financial Corporation (NYSEMKT:TMP) Stock?

So we'll take a look at whether insiders have been buying or selling shares in Tompkins Financial Corporation (NYSEMKT:TMP). … See our latest analysis for Tompkins Financial Tompkins Financial Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider sale was by the , Gerald Klein, for US$65k worth of shares, at about US$86.51 per share. … Insider Ownership of Tompkins Financial I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders.

Simply Wall St -

Does Tompkins Financial Corporation (NYSEMKT:TMP) Have A Place In Your Dividend Portfolio?

Dividend paying stocks like Tompkins Financial Corporation (NYSEMKT:TMP) tend to be popular with investors, and for good reason - some research shows that a significant amount of all stock market returns come from reinvested dividends. … Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments. … AMEX:TMP Historical Dividend Yield, May 2nd 2019

Simply Wall St -

Is Tompkins Financial Corporation's (NYSEMKT:TMP) High P/E Ratio A Problem For Investors?

We'll look at Tompkins Financial Corporation's (NYSEMKT:TMP) P/E ratio and reflect on what it tells us about the company's share price. … Tompkins Financial has a price to earnings ratio of 14.66, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Risk Factors To Consider Before Investing In Tompkins Financial Corporation (NYSEMKT:TMP)

Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Tompkins Financial’s bottom line. … Looking through a risk-lens is a useful way to assess the attractiveness of Tompkins Financial's a stock investment. … See our latest analysis for Tompkins Financial

Simply Wall St -

How Much is Tompkins Financial Corporation's (NYSEMKT:TMP) CEO Getting Paid?

How Does Steve Romaine's Compensation Compare With Similar Sized Companies. … According to our data, Tompkins Financial Corporation has a market capitalization of US$1.2b, and pays its CEO total annual compensation worth US$2.1m. … While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at US$605k

Simply Wall St -

Can You Imagine How Tompkins Financial's Shareholders Feel About The 60% Share Price Increase?

For example, the Tompkins Financial Corporation (NYSEMKT:TMP) share price is up 60% in the last 5 years, clearly besting than the market return of around 40% (ignoring dividends). … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Over half a decade, Tompkins Financial managed to grow its earnings per share at 9.1% a year.

Simply Wall St -

Tompkins Financial Corporation (NYSEMKT:TMP) Will Pay US$0.50 In Dividends

Have you been keeping an eye on Tompkins Financial Corporation's (NYSEMKT:TMP) upcoming dividend of US$0.50 per share payable on the 15 February 2019? … Let's take a look at Tompkins Financial's most recent financial data to examine its dividend characteristics in more detail. … Will the company be able to keep paying dividend based on the future earnings growth

Simply Wall St -

How Many Insiders Sold Tompkins Financial Corporation (NYSEMKT:TMP) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Tompkins Financial Corporation (NYSEMKT:TMP). … It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. … But logic dictates you should pay some attention to whether insiders are buying or selling shares.

Simply Wall St -

Company Info

Description

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.

Details
Name: Tompkins Financial Corporation
TMP
Exchange: AMEX
Founded: 1836
$1,222,214,809
15,314,056
Website: http://www.tompkinsfinancial.com
Address: Tompkins Financial Corporation
118 East Seneca Street,
PO Box 460,
Ithaca,
New York, 14850,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX TMP Common Stock NYSE MKT LLC US USD 07. Jan 1980
Number of employees
Current staff
Staff numbers
977
Tompkins Financial employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 01:57
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/19
Last earnings filing: 2019/07/19
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.