AMEX:TMP

Stock Analysis Report

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.

Snowflake

Fundamentals

Flawless balance sheet average 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


Market Performance


7 Day Return

2.8%

TMP

2.7%

US Banks

0.4%

US Market


1 Year Return

10.6%

TMP

2.7%

US Banks

6.9%

US Market

Return vs Industry: TMP exceeded the US Banks industry which returned 2.7% over the past year.

Return vs Market: TMP exceeded the US Market which returned 6.9% over the past year.


Shareholder returns

TMPIndustryMarket
7 Day2.8%2.7%0.4%
30 Day-0.2%0.7%-1.1%
90 Day3.3%3.0%-0.5%
1 Year13.5%10.6%5.7%2.7%9.3%6.9%
3 Year12.0%4.4%52.1%41.6%45.8%36.4%
5 Year100.0%75.3%69.2%50.7%62.9%45.1%

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

Valuation

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

15.79x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: TMP ($82.48) is trading above our estimate of fair value ($59.7)

Significantly Undervalued: TMP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TMP is poor value based on its PE Ratio (15.8x) compared to the Banks industry average (12.6x).

PE vs Market: TMP is good value based on its PE Ratio (15.8x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: TMP is poor value based on its PEG Ratio (5.4x)


Price to Book Ratio

PB vs Industry: TMP is overvalued based on its PB Ratio (1.9x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

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

2.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TMP's forecast earnings growth (2.9% per year) is above the savings rate (2.7%).

Earnings vs Market: TMP's earnings (2.9% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: TMP's earnings are forecast to grow, but not significantly.

Revenue vs Market: TMP's revenue (1.2% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: TMP's revenue (1.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High 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?

8.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TMP's earnings have grown by 8.2% per year over the past 5 years.

Accelerating Growth: TMP's earnings growth over the past year (20.7%) exceeds its 5-year average (8.2% per year).

Earnings vs Industry: TMP earnings growth over the past year (20.7%) underperformed the Banks industry 29.6%.


Return on Equity

High ROE: TMP's Return on Equity (12.1%) is considered low.


Return on Assets

ROA vs Industry: TMP has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate TMP's Return on Capital Employed to determine if it has improved over the past 3 years.


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

Inventory Level: TMP has a low level of unsold assets or inventory.

Debt Coverage by Assets: TMP's debt is not covered by short term assets (assets are 0.5x debt).


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 (0.49%)


Next Steps

Dividend

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

2.52%

Current Dividend Yield


Dividend Yield vs Market

company2.5%marketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Years2.5%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: TMP's dividend (2.52%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: TMP's dividend (2.52%) is low compared to the top 25% of dividend payers in the US market (3.73%).

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 (37.9%), TMP's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

9.6yrs

Average management tenure


CEO

Steve Romaine (54yo)

12.8yrs

Tenure

US$1,389,441

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 ($USD1.39M) is about average for companies of similar size in the US market ($USD4.00M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.


Management Age and Tenure

9.6yrs

Average Tenure

56yo

Average Age

Experienced Management: TMP's management team is seasoned and experienced (9.6 years average tenure).


Board Age and Tenure

12.8yrs

Average Tenure

66yo

Average Age

Experienced Board: TMP's board of directors are seasoned and experienced ( 12.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$14,77605 Nov 18
Frank Milewski
EntityIndividual
Shares200
Max PriceUS$73.88

Ownership Breakdown


Management Team

  • Frank Fetsko (54yo)

    Executive VP

    • Tenure: 18.8yrs
    • Compensation: US$729.44k
  • Steve Romaine (54yo)

    President

    • Tenure: 12.8yrs
    • Compensation: US$1.39m
  • David Boyce (52yo)

    Executive Vice President

    • Tenure: 15.5yrs
    • Compensation: US$581.25k
  • Greg Hartz (58yo)

    Executive Vice President

    • Tenure: 17.8yrs
    • Compensation: US$559.74k
  • Scott Gruber (62yo)

    Executive Vice President

    • Tenure: 6.5yrs
    • Compensation: US$731.05k
  • Susan Valenti (64yo)

    Executive VP & Corporate Marketing Officer

    • Tenure: 5.3yrs
  • Bonita Lindberg (62yo)

    Senior VP & Director of Human Resources

    • Tenure: 3.8yrs
  • Alyssa Fontaine (38yo)

    Executive VP & General Counsel

    • Tenure: 3.8yrs
  • Janet Hewitt

    Assistant VP

    • Tenure: 0yrs
  • Brad James

    Senior VP & CTO

    • Tenure: 0yrs

Board Members

  • Jim Fulmer (68yo)

    Vice Chairman of the Board

    • Tenure: 12.8yrs
    • Compensation: US$75.00k
  • Craig Yunker (68yo)

    Independent Director

    • Tenure: 19.8yrs
    • Compensation: US$65.00k
  • Al Weber (66yo)

    Independent Director

    • Tenure: 7.2yrs
    • Compensation: US$53.00k
  • Michael Spain (61yo)

    Director

    • Tenure: 19.8yrs
    • Compensation: US$56.50k
  • John Alexander (66yo)

    Independent Director

    • Tenure: 24.8yrs
    • Compensation: US$54.50k
  • Steve Romaine (54yo)

    President

    • Tenure: 12.8yrs
    • Compensation: US$1.39m
  • Patricia Johnson (63yo)

    Independent Director

    • Tenure: 13.4yrs
    • Compensation: US$53.00k
  • Paul Battaglia (67yo)

    Independent Director

    • Tenure: 9.4yrs
    • Compensation: US$80.00k
  • Tom Rochon (66yo)

    Chairman of the Board

    • Tenure: 5.4yrs
    • Compensation: US$112.40k
  • Dan Fessenden (53yo)

    Independent Director

    • Tenure: 10.8yrs
    • Compensation: US$65.50k

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$1.245b
  • Shares outstanding: 15.10m
  • 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

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 23:47
End of Day Share Price2019/10/18 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.