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.

Rewards

Trading at 1% below its fair value

Pays a high and reliable dividend of 2.39%

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.6%

TMP

-0.3%

US Banks

0.06%

US Market


1 Year Return

7.5%

TMP

11.1%

US Banks

19.3%

US Market

Return vs Industry: TMP underperformed the US Banks industry which returned 11.1% over the past year.

Return vs Market: TMP underperformed the US Market which returned 19.3% over the past year.


Shareholder returns

TMPIndustryMarket
7 Day-1.6%-0.3%0.06%
30 Day-5.2%-0.5%1.7%
90 Day0.08%0.6%9.0%
1 Year10.1%7.5%14.4%11.1%21.8%19.3%
3 Year3.3%-3.8%24.7%15.7%49.5%39.9%
5 Year89.1%66.6%74.9%55.1%73.1%54.1%

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?

1.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TMP ($87.02) is trading below our estimate of fair value ($87.9)

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 (16.1x) compared to the Banks industry average (12.6x).

PE vs Market: TMP is good value based on its PE Ratio (16.1x) compared to the US market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: TMP is poor value based on its PEG Ratio (1601.3x)


Price to Book Ratio

PB vs Industry: TMP is overvalued based on its PB Ratio (2x) 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 2 analysts?

0.01%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TMP's forecast earnings growth (0.01% per year) is below the savings rate (1.7%).

Earnings vs Market: TMP's earnings (0.01% per year) are forecast to grow slower than the US market (14.2% per year).

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

Revenue vs Market: TMP's revenue (2.3% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: TMP's revenue (2.3% per year) is forecast to grow slower than 20% 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 (11%).


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 (12.2%).


Return on Equity

High ROE: TMP's Return on Equity (12.3%) is considered low.


Return on Assets


Return on Capital Employed


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 0.3x 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 (0.64%)


Next Steps

Dividend

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

2.40%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TMP's dividend (2.39%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: TMP's dividend (2.39%) is low compared to the top 25% of dividend payers in the US market (3.71%).


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 well covered by earnings (39% payout ratio).


Next Steps

Management

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

10.0yrs

Average management tenure


CEO

Steve Romaine (54yo)

13.1yrs

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 ($USD1.39M) is below average for companies of similar size in the US market ($USD3.81M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Stephen Romaine
President13.1yrsUS$1.39m0.44% $5.8m
Francis Fetsko
Executive VP19.2yrsUS$729.44k0.18% $2.3m
David Boyce
Executive Vice President15.8yrsUS$581.25k0.18% $2.4m
Gregory Hartz
Executive Vice President18.1yrsUS$559.74k0.20% $2.6m
Scott Gruber
Executive Vice President6.8yrsUS$731.05k0.12% $1.5m
Bradley James
Senior VP & CTO0yrsno datano data
Janet Hewitt
Assistant VP0yrsno datano data
Alyssa Fontaine
Executive VP & General Counsel4.1yrsno data0.035% $458.8k
Susan Valenti
Executive VP & Corporate Marketing Officer5.7yrsno data0.099% $1.3m
Bonita Lindberg
Senior VP & Director of Human Resources4.2yrsno data0.035% $459.9k

10.0yrs

Average Tenure

56yo

Average Age

Experienced Management: TMP's management team is seasoned and experienced (10 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Stephen Romaine
President13.1yrsUS$1.39m0.44% $5.8m
James Fulmer
Vice Chairman of the Board13.1yrsUS$75.00k0.53% $6.9m
Craig Yunker
Independent Director20.1yrsUS$65.00k0.17% $2.2m
Alfred Weber
Independent Director7.5yrsUS$53.00k0.072% $933.6k
Michael Spain
Director20.1yrsUS$56.50k1.17% $15.2m
John Alexander
Independent Director25.1yrsUS$54.50k0.31% $4.0m
Patricia Johnson
Independent Director13.8yrsUS$53.00k0.00091% $11.8k
Paul Battaglia
Independent Director9.8yrsUS$80.00k0.029% $381.3k
Thomas Rochon
Chairman of the Board5.8yrsUS$112.40k0.0016% $20.5k
Daniel Fessenden
Independent Director11.1yrsUS$65.50k0.0086% $112.1k

13.1yrs

Average Tenure

66yo

Average Age

Experienced Board: TMP's board of directors are seasoned and experienced ( 13.1 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$1.296b
  • Shares outstanding: 14.98m
  • 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 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/22 00:46
End of Day Share Price2020/02/21 00:00
Earnings2019/12/31
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.