Price Target Changed • 8h
Price target increased by 9.5% to US$92.50 Up from US$84.50, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of US$91.94. Stock is up 36% over the past year. The company is forecast to post earnings per share of US$7.51 for next year compared to US$11.30 last year. Tillkännagivande • Jun 29
Tompkins Financial Corporation(NYSEAM:TMP) dropped from Russell 2000 Dynamic Index Tompkins Financial Corporation(NYSEAM:TMP) dropped from Russell 2000 Dynamic Index Direktnyheter • May 20
Tompkins Financial Reports Record Earnings and 33% EPS Growth With Higher Dividend in 2026 Tompkins Financial reported record 2025 GAAP net income of $161.1m and diluted EPS of $11.24.
In Q1 2026, diluted EPS was $1.82, a 32.8% increase year over year, supported by net interest margin expansion and loan growth.
The company highlighted a Tier 1 capital ratio of 10.58%, core deposits at 90.8% of total deposits, and raised its dividend by 8.1% compared with Q1 2025.
The combination of record 2025 earnings, higher Q1 2026 EPS, and a raised dividend indicates management’s willingness to return more capital to shareholders while keeping capital and liquidity metrics at what the company characterizes as robust levels.
Investors may want to pay close attention to how net interest margin trends and loan growth evolve, since these were key drivers in the recent EPS performance and can be sensitive to interest rate conditions and credit quality over time. New Risk • Apr 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 20% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Declared Dividend • Apr 27
First quarter dividend of US$0.67 announced Shareholders will receive a dividend of US$0.67. Ex-date: 8th May 2026 Payment date: 15th May 2026 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 4.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 22% over the next year. However, it would need to fall by 76% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Apr 26
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: US$1.83 (up from US$1.38 in 1Q 2025). Revenue: US$82.2m (up 7.6% from 1Q 2025). Net income: US$26.1m (up 33% from 1Q 2025). Profit margin: 32% (up from 26% in 1Q 2025). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.7%. Revenue is expected to decline by 8.4% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 8.6%. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Apr 07
Tompkins Financial Corporation, Annual General Meeting, May 19, 2026 Tompkins Financial Corporation, Annual General Meeting, May 19, 2026. Location: at the companys headquarters, located at 118 e., seneca street, ithaca United States Reported Earnings • Mar 02
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: US$11.30 (up from US$4.98 in FY 2024). Revenue: US$435.1m (up 49% from FY 2024). Net income: US$161.1m (up 127% from FY 2024). Profit margin: 37% (up from 24% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.17% (up from 2.79% in FY 2024). Non-performing loans: 0.74% (down from 0.84% in FY 2024). Revenue exceeded analyst estimates by 33%. Earnings per share (EPS) missed analyst estimates by 5.3%. Revenue is expected to decline by 7.4% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 9.0%. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 04
Fourth quarter dividend of US$0.67 announced Shareholders will receive a dividend of US$0.67. Ex-date: 13th February 2026 Payment date: 22nd February 2026 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (22% payout ratio) and is expected to be well covered in 3 years' time (34% forecast payout ratio). The dividend has increased by an average of 4.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 33% over the next 2 years. However, it would need to fall by 75% to increase the payout ratio to a potentially unsustainable range. Price Target Changed • Feb 04
Price target increased by 8.3% to US$84.50 Up from US$78.00, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of US$83.38. Stock is up 16% over the past year. The company is forecast to post earnings per share of US$7.37 for next year compared to US$11.30 last year. Reported Earnings • Feb 01
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: US$11.30 (up from US$4.98 in FY 2024). Revenue: US$435.1m (up 49% from FY 2024). Net income: US$161.1m (up 127% from FY 2024). Profit margin: 37% (up from 24% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.17% (up from 2.79% in FY 2024). Revenue exceeded analyst estimates by 33%. Earnings per share (EPS) missed analyst estimates by 5.3%. Revenue is expected to decline by 8.1% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 8.8%. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Jan 31
New major risk - Revenue and earnings growth Earnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Major Estimate Revision • Nov 05
Consensus EPS estimates increase by 96% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from US$6.05 to US$11.87. Revenue forecast steady at US$336.9m. Net income forecast to grow 43% next year vs 18% growth forecast for Banks industry in the US. Consensus price target of US$80.00 unchanged from last update. Share price rose 6.7% to US$68.21 over the past week. New Risk • Nov 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Tillkännagivande • Nov 04
Arthur J. Gallagher & Co. (NYSE:AJG) acquired Tompkins Insurance Agencies, Inc. from Tompkins Financial Corporation (NYSEAM:TMP) for $183 million. Arthur J. Gallagher & Co. (NYSE:AJG) acquired Tompkins Insurance Agencies, Inc. from Tompkins Financial Corporation (NYSEAM:TMP) for $183 million on November 3, 2025. Under the agreement, Gallagher will acquire the stock of Tompkins Insurance Agencies for $183 million. Tompkins Insurance Agencies revenues and EBITDAC for the trailing 12 months ended June 30, 2025 were approximately $40 million and $16 million, respectively.
Arthur J. Gallagher & Co. (NYSE:AJG) completed the acquisition of Tompkins Insurance Agencies, Inc. from Tompkins Financial Corporation (NYSEAM:TMP) on November 3, 2025. Declared Dividend • Oct 27
Third quarter dividend increased to US$0.65 Dividend of US$0.65 is 4.8% higher than last year. Ex-date: 7th November 2025 Payment date: 14th November 2025 Dividend yield will be 3.8%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 11% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 26
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: US$1.66 (up from US$1.31 in 3Q 2024). Revenue: US$85.0m (up 14% from 3Q 2024). Net income: US$23.7m (up 27% from 3Q 2024). Profit margin: 28% (up from 25% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.9%. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. New Risk • Oct 12
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Oct 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.6% to US$64.31. The fair value is estimated to be US$81.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 13% in a year. Earnings are forecast to grow by 16% in the next year. Buy Or Sell Opportunity • Aug 14
Now 20% undervalued Over the last 90 days, the stock has risen 3.4% to US$66.76. The fair value is estimated to be US$83.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 13% in a year. Earnings are forecast to grow by 16% in the next year. Declared Dividend • Jul 28
Second quarter dividend of US$0.62 announced Shareholders will receive a dividend of US$0.62. Ex-date: 8th August 2025 Payment date: 15th August 2025 Dividend yield will be 3.9%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 13% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 27
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$1.51 (up from US$1.10 in 2Q 2024). Revenue: US$79.9m (up 13% from 2Q 2024). Net income: US$21.5m (up 37% from 2Q 2024). Profit margin: 27% (up from 22% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 4.9%. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 6% per year. New Risk • Jul 25
New major risk - Revenue and earnings growth Earnings have declined by 16% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. New Risk • Jul 03
New major risk - Revenue and earnings growth Earnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Board Change • Jun 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Helen Eaton was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 07
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$1.38 (up from US$1.19 in 1Q 2024). Revenue: US$76.4m (up 6.2% from 1Q 2024). Net income: US$19.7m (up 17% from 1Q 2024). Profit margin: 26% (up from 23% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 4.6%. Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 28
Fourth quarter dividend of US$0.62 announced Shareholders will receive a dividend of US$0.62. Ex-date: 9th May 2025 Payment date: 16th May 2025 Dividend yield will be 4.2%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (49% payout ratio) and is expected to be well covered in 3 years' time (40% forecast payout ratio). The dividend has increased by an average of 4.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 03
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: US$4.98 (up from US$0.66 in FY 2023). Revenue: US$292.6m (up 36% from FY 2023). Net income: US$70.9m (up US$61.4m from FY 2023). Profit margin: 24% (up from 4.4% in FY 2023). The increase in margin was driven by higher revenue. Net interest margin (NIM): 2.79% (down from 2.84% in FY 2023). Non-performing loans: 0.84% (down from 1.11% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.6%. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Tillkännagivande • Mar 03
Tompkins Financial Corporation, Annual General Meeting, May 13, 2025 Tompkins Financial Corporation, Annual General Meeting, May 13, 2025. Declared Dividend • Feb 06
Fourth quarter dividend of US$0.62 announced Shareholders will receive a dividend of US$0.62. Ex-date: 14th February 2025 Payment date: 21st February 2025 Dividend yield will be 3.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (49% payout ratio) and is expected to be well covered in 3 years' time (40% forecast payout ratio). The dividend has increased by an average of 4.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 31
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: US$4.98 (up from US$0.66 in FY 2023). Revenue: US$292.6m (up 36% from FY 2023). Net income: US$70.9m (up US$61.4m from FY 2023). Profit margin: 24% (up from 4.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.6%. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jan 31
Tompkins Financial Corporation Approves Quarterly Cash Dividend, Payable on February 21, 2025 Tompkins Financial Corporation approved payment of a regular quarterly cash dividend of $0.62 per share, payable on February 21, 2025, to common shareholders of record on February 14, 2025. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$78.15, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Banks industry in the US. Total returns to shareholders of 3.6% over the past three years. Declared Dividend • Oct 28
Third quarter dividend of US$0.62 announced Shareholders will receive a dividend of US$0.62. Ex-date: 8th November 2024 Payment date: 15th November 2024 Dividend yield will be 4.0%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (52% payout ratio) and is expected to be covered in 3 years' time (41% forecast payout ratio). The dividend has increased by an average of 4.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 28% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 25
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: US$1.31 (up from US$2.35 loss in 3Q 2023). Revenue: US$74.4m (up US$66.2m from 3Q 2023). Net income: US$18.6m (up US$52.0m from 3Q 2023). Profit margin: 25% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 7.4%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Tillkännagivande • Oct 25
Tompkins Financial Corporation Approves Payment of A Regular Quarterly Cash Dividend, Payable on November 15, 2024 Tompkins Financial Corporation announced that its Board of Directors approved payment of a regular quarterly cash dividend of $0.62 per share, payable on November 15, 2024, to common shareholders of record on November 8, 2024. The dividend amount represents an increase of $0.01 per share, or 1.6% over the dividend paid in the third quarter of 2024, and an increase of $0.02 per share, or 3.3% over the dividend paid in the fourth quarter of 2023. Declared Dividend • Jul 29
Second quarter dividend of US$0.61 announced Shareholders will receive a dividend of US$0.61. Ex-date: 9th August 2024 Payment date: 16th August 2024 Dividend yield will be 3.8%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 168% to bring the payout ratio under control. EPS is expected to grow by 61% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Price Target Changed • Jul 28
Price target increased by 12% to US$59.00 Up from US$52.50, the current price target is provided by 1 analyst. New target price is 7.5% below last closing price of US$63.80. Stock is up 4.5% over the past year. The company is forecast to post earnings per share of US$4.50 for next year compared to US$0.66 last year. Reported Earnings • Jul 27
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: US$1.10 (up from US$0.59 in 2Q 2023). Revenue: US$70.6m (up 13% from 2Q 2023). Net income: US$15.7m (up 85% from 2Q 2023). Profit margin: 22% (up from 14% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jul 26
Tompkins Financial Corporation Approves Quarterly Cash Dividend, Payable on August 16, 2024 Tompkins Financial Corporation announced that its board of directors approved payment of a regular quarterly cash dividend of $0.61 per share, payable on August 16, 2024, to common shareholders of record on August 9, 2024. Tillkännagivande • May 18
Tompkins Financial Corporation Approves the Election of Janet M. Coletti as Member of the Board of Directors On May 14, 2024, Tompkins Financial Corporation held its 2024 Annual Meeting of Shareholders. The shareholders approved the election ofJanet M. Coletti as members of the Board of Directors. Price Target Changed • Apr 29
Price target decreased by 7.2% to US$51.50 Down from US$55.50, the current price target is an average from 2 analysts. New target price is 15% above last closing price of US$44.80. Stock is down 23% over the past year. The company is forecast to post earnings per share of US$4.21 for next year compared to US$0.66 last year. Declared Dividend • Apr 29
First quarter dividend increased to US$0.61 Dividend of US$0.61 is 1.7% higher than last year. Ex-date: 9th May 2024 Payment date: 17th May 2024 Dividend yield will be 5.2%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 446% to bring the payout ratio under control. EPS is expected to grow by 73% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Tillkännagivande • Apr 27
Tompkins Financial Corporation Approves Regular Quarterly Cash Dividend, Payable on May 17, 2024 Tompkins Financial Corporation announced that its Board of Directors approved payment of a regular quarterly cash dividend of $0.61 per share, payable on May 17, 2024, to common shareholders of record on May 10, 2024. The dividend amount represents an increase of $0.01 per share, or 1.6% over the dividend paid in thesecond quarter of 2023. Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: US$1.19 (vs US$1.35 in 1Q 2023) First quarter 2024 results: EPS: US$1.19 (down from US$1.35 in 1Q 2023). Revenue: US$72.0m (down 4.7% from 1Q 2023). Net income: US$16.9m (down 13% from 1Q 2023). Profit margin: 23% (down from 26% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Tillkännagivande • Apr 03
Tompkins Financial Corporation, Annual General Meeting, May 14, 2024 Tompkins Financial Corporation, Annual General Meeting, May 14, 2024, at 10:00 Eastern Daylight. Location: the Company’s headquarters, located at 118 E. Seneca Street New York United States Agenda: To elect the twelve directors named in the accompanying proxy statement for a term of one year expiring in 2025; to conduct an advisory vote to approve, on a non-binding basis, the compensation paid to the Company’s named executive officers; to ratify the appointment of the independent registered public accounting firm, KPMG LLP, as the Company’s independent auditor for the fiscal year ending December 31, 2024; and to transact such other business as may properly come before the Annual Meeting or any adjournment thereof. Price Target Changed • Mar 25
Price target decreased by 10% to US$52.50 Down from US$58.50, the current price target is an average from 2 analysts. New target price is 9.8% above last closing price of US$47.80. Stock is down 29% over the past year. The company is forecast to post earnings per share of US$4.54 for next year compared to US$0.66 last year. Reported Earnings • Mar 04
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: US$0.66 (down from US$5.92 in FY 2022). Revenue: US$215.4m (down 30% from FY 2022). Net income: US$9.46m (down 89% from FY 2022). Profit margin: 4.4% (down from 28% in FY 2022). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 2.84% (down from 3.05% in FY 2022). Cost-to-income ratio: 92.5% (up from 63.5% in FY 2022). Non-performing loans: 1.11% (up from 0.62% in FY 2022). Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Feb 23
Independent Director recently bought US$100k worth of stock On the 20th of February, Ita Rahilly bought around 2k shares on-market at roughly US$50.46 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$342k more in shares than they have sold in the last 12 months. Upcoming Dividend • Feb 01
Upcoming dividend of US$0.60 per share at 4.9% yield Eligible shareholders must have bought the stock before 08 February 2024. Payment date: 16 February 2024. Trailing yield: 4.9%. Within top quartile of American dividend payers (4.6%). Higher than average of industry peers (3.1%). Declared Dividend • Jan 29
Fourth quarter dividend of US$0.60 announced Dividend of US$0.60 is the same as last year. Ex-date: 8th February 2024 Payment date: 16th February 2024 Dividend yield will be 4.4%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (360% earnings payout ratio). However, the dividend is expected to be well covered in 3 years' time (49% forecast payout ratio). The dividend has increased by an average of 4.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 300% to bring the payout ratio under control. EPS is expected to grow by 160% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Jan 26
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: US$0.66 (down from US$5.92 in FY 2022). Revenue: US$215.4m (down 30% from FY 2022). Net income: US$9.51m (down 89% from FY 2022). Profit margin: 4.4% (down from 28% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jan 26
Tompkins Financial Corporation Approves Payment of Regular Quarterly Cash Dividend, Payable on February 16, 2024 Tompkins Financial Corporation announced that its Board of Directors approved payment of a regular quarterly cash dividend of $0.60 per share, payable on February 16, 2024, to common shareholders of record on February 9, 2024. Price Target Changed • Jan 10
Price target increased by 11% to US$58.50 Up from US$52.50, the current price target is an average from 2 analysts. New target price is 7.7% above last closing price of US$54.34. Stock is down 28% over the past year. The company is forecast to post earnings per share of US$0.84 for next year compared to US$5.92 last year. Reported Earnings • Oct 28
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: US$2.35 loss per share (down from US$1.49 profit in 3Q 2022). Revenue: US$8.24m (down 89% from 3Q 2022). Net loss: US$33.4m (down 257% from profit in 3Q 2022). Revenue missed analyst estimates by 87%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. New Risk • Oct 27
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.3% Last year net profit margin: 28% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Major Estimate Revision • Oct 04
Consensus EPS estimates fall by 38% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$4.07 to US$2.52 per share. Revenue forecast steady at US$294.1m. Net income forecast to shrink 25% next year vs 11% decline forecast for Banks industry in the US. Consensus price target broadly unchanged at US$53.13. Share price rose 2.3% to US$49.72 over the past week. Price Target Changed • Sep 25
Price target decreased by 9.5% to US$52.50 Down from US$58.00, the current price target is an average from 2 analysts. New target price is 7.3% above last closing price of US$48.93. Stock is down 34% over the past year. The company is forecast to post earnings per share of US$4.07 for next year compared to US$5.92 last year. Tillkännagivande • Sep 19
Tompkins Financial Corporation Announces Executive Changes On September 13, 2023, Tompkins Financial Corporation appointed David Kershaw to the role of Principal Accounting Officer, effective October 1, 2023, in connection with the previously announced retirement of the Company’s current Principal Accounting Officer, Francis M. Fetsko. Mr. Kershaw will report to Matthew Tomazin who, as previously disclosed, was appointed Executive Vice President, Chief Financial Officer and Treasurer of the Company and Tompkins Community Bank, effective October 1, 2023. Mr. Kershaw, age 56, joined the Company and the Bank as Controller in April 2001 and has served as Senior Vice President and Chief Accounting Officer of the Company and the Bank since June 2012. Major Estimate Revision • Jul 28
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$4.62 to US$4.05 per share. Revenue forecast steady at US$293.8m. Net income forecast to shrink 16% next year vs 9.6% decline forecast for Banks industry in the US. Consensus price target broadly unchanged at US$57.50. Share price was steady at US$60.71 over the past week. Reported Earnings • Jul 21
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: US$0.59 (down from US$1.45 in 2Q 2022). Revenue: US$62.3m (down 19% from 2Q 2022). Net income: US$8.48m (down 59% from 2Q 2022). Profit margin: 14% (down from 27% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 44%. Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$60.87, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 8x in the Banks industry in the US. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at US$99.47 per share. Recent Insider Transactions • May 19
Independent Director recently bought US$135k worth of stock On the 17th of May, John Alexander bought around 3k shares on-market at roughly US$53.82 per share. This transaction amounted to 4.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$149k more in shares than they have sold in the last 12 months. Reported Earnings • Apr 30
First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2023 results: EPS: US$1.35 (down from US$1.61 in 1Q 2022). Revenue: US$75.5m (down 2.1% from 1Q 2022). Net income: US$19.4m (down 17% from 1Q 2022). Profit margin: 26% (down from 30% in 1Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 2.3%. Revenue is forecast to grow 2.0% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 08
Price target decreased by 10.0% to US$67.50 Down from US$75.00, the current price target is an average from 2 analysts. New target price is 6.1% above last closing price of US$63.61. Stock is down 15% over the past year. The company is forecast to post earnings per share of US$5.16 for next year compared to US$5.92 last year. Price Target Changed • Mar 27
Price target decreased by 8.9% to US$72.00 Down from US$79.00, the current price target is an average from 2 analysts. New target price is 7.6% above last closing price of US$66.90. Stock is down 16% over the past year. The company is forecast to post earnings per share of US$5.38 for next year compared to US$5.92 last year. Reported Earnings • Mar 06
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: US$5.92 (down from US$6.09 in FY 2021). Revenue: US$305.5m (flat on FY 2021). Net income: US$84.8m (down 4.4% from FY 2021). Profit margin: 28% (down from 29% in FY 2021). Net interest margin (NIM): 3.05% (up from 2.96% in FY 2021). Cost-to-income ratio: 63.5% (up from 62.9% in FY 2021). Non-performing loans: 0.62% (up from 0.61% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Buying Opportunity • Feb 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.7%. The fair value is estimated to be US$97.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 7.3%. Revenue is forecast to grow by 6.2% in 2 years. Earnings is forecast to decline by 4.6% in the next 2 years. Tillkännagivande • Jan 28
Tompkins Financial Corporation Reports Cash Dividend, Payable on February 15, 2023 Tompkins Financial Corporation announced that its Board of Directors approved payment of a regular quarterly cash dividend of $0.60 per share, payable on February 15, 2023, to common shareholders of record on February 7, 2023. The dividend amount represents an increase of $0.03 per share, or 5.3% over the dividend paid in the first quarter of 2022. Reported Earnings • Jan 27
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: US$5.92 (down from US$6.09 in FY 2021). Revenue: US$305.5m (flat on FY 2021). Net income: US$85.0m (down 4.1% from FY 2021). Profit margin: 28% (down from 29% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Buying Opportunity • Jan 10
Now 21% undervalued Over the last 90 days, the stock is up 1.3%. The fair value is estimated to be US$96.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 7.8%. Revenue is forecast to grow by 7.4% in 2 years. Earnings is forecast to grow by 2.9% in the next 2 years. Buying Opportunity • Dec 08
Now 21% undervalued Over the last 90 days, the stock is up 7.2%. The fair value is estimated to be US$101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 7.8%. Revenue is forecast to grow by 7.4% in 2 years. Earnings is forecast to grow by 2.9% in the next 2 years. Recent Insider Transactions Derivative • Nov 19
President exercised options and sold US$537k worth of stock On the 15th of November, Stephen Romaine exercised 18.64k options at around US$40.60, then sold 15k of the shares acquired at an average of US$76.68 per share and kept the remainder. For the year to December 2015, Stephen's total compensation was 36% salary and 64% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2021, Stephen's direct individual holding has increased from 74.77k shares to 76.11k. Company insiders have collectively sold US$458k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Nov 10
Executive Vice President recently sold US$129k worth of stock On the 4th of November, Gregory Hartz sold around 2k shares on-market at roughly US$82.26 per share. This transaction amounted to 4.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$235k more than they bought in the last 12 months. Upcoming Dividend • Oct 31
Upcoming dividend of US$0.60 per share Eligible shareholders must have bought the stock before 07 November 2022. Payment date: 15 November 2022. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (4.4%). In line with average of industry peers (3.0%). Reported Earnings • Oct 28
Third quarter 2022 earnings: EPS misses analyst expectations Third quarter 2022 results: EPS: US$1.49 (up from US$1.46 in 3Q 2021). Revenue: US$77.7m (flat on 3Q 2021). Net income: US$21.3m (flat on 3Q 2021). Profit margin: 27% (in line with 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.5%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Aug 23
Executive VP recently sold US$63k worth of stock On the 19th of August, Francis Fetsko sold around 805 shares on-market at roughly US$77.90 per share. This was the largest sale by an insider in the last 3 months. This was Francis' only on-market trade for the last 12 months. Reported Earnings • Jul 22
Second quarter 2022 earnings released: EPS: US$1.45 (vs US$1.55 in 2Q 2021) Second quarter 2022 results: EPS: US$1.45 (down from US$1.55 in 2Q 2021). Revenue: US$76.4m (flat on 2Q 2021). Net income: US$20.9m (down 7.9% from 2Q 2021). Profit margin: 27% (down from 30% in 2Q 2021). Over the next year, revenue is forecast to grow 2.1%, compared to a 15% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Recent Insider Transactions • May 27
Insider recently bought US$100k worth of stock On the 25th of May, Ita Rahilly bought around 1k shares on-market at roughly US$73.81 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$422k more in shares than they bought in the last 12 months. Reported Earnings • May 01
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: US$1.62 (down from US$1.73 in 1Q 2021). Revenue: US$77.1m (flat on 1Q 2021). Net income: US$23.3m (down 8.5% from 1Q 2021). Profit margin: 30% (down from 33% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Over the next year, revenue is forecast to stay flat compared to a 11% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 31
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: US$6.08 (up from US$5.22 in FY 2020). Revenue: US$304.9m (up 7.7% from FY 2020). Net income: US$89.3m (up 16% from FY 2020). Profit margin: 29% (up from 27% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.7%. Over the next year, revenue is forecast to stay flat compared to a 4.1% growth forecast for the banks industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Nov 09
Insider recently sold US$82k worth of stock On the 4th of November, Gerald Klein sold around 998 shares on-market at roughly US$82.09 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$266k more than they bought in the last 12 months. Upcoming Dividend • Oct 26
Upcoming dividend of US$0.57 per share Eligible shareholders must have bought the stock before 01 November 2021. Payment date: 15 November 2021. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (3.5%). Higher than average of industry peers (2.2%). Reported Earnings • Oct 24
Third quarter 2021 earnings released: EPS US$1.46 (vs US$1.63 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$78.2m (up 1.6% from 3Q 2020). Net income: US$21.3m (down 11% from 3Q 2020). Profit margin: 27% (down from 31% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 4% per year. 
