Tompkins Financial Corporation(NYSE MKT:TMP) 
Tompkins Financial Corporation, a community-based financial services company, provides commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, and insurance services. The company operates in three segments: Banking, Insurance, and Wealth M...
Website: http://www.tompkinsfinancial.com
Founded: 1836
Full Time Employees: 934
Sector: Financial Services
Industry: Banks-Regional
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At a glance:
Bull Thesis:
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Income Statements:
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Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2009-06-30 | 2009-03-31 | 2008-12-31 |
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Balance Sheets:
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Annual
| Unit: USD | 2024-12-31 | 2023-12-31 | 2023-03-31 | 2022-12-31 | 2021-12-31 | 2021-06-30 | 2020-12-31 | 2019-12-31 | 2012-08-01 | 2011-12-31 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-03-31 | 2009-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | 3,260,343,000 | ||||||||||||||
interest-earning assets | |||||||||||||||
interest-bearing balances due from banks | 19,065,000 | 13,064,000 | 12,733,000 | 85,788,000 | 307,253,000 | 216,679,000 | 194,211,000 | 1,647,000 | 16,151,000 | 25,189,000 | 16,603,000 | 37,885,000 | |||
securities1 | |||||||||||||||
u.s. government securities | 1,619,973,000 | 1,920,678,000 | 2,033,307,000 | 2,265,226,000 | 2,003,450,000 | 1,987,541,000 | 1,307,905,000 | 1,301,813,000 | 928,576,000 | 857,724,000 | 842,432,000 | 827,808,000 | |||
state and municipal2 | 86,481,000 | 91,407,000 | 97,283,000 | 112,391,000 | 114,462,000 | 93,168,000 | |||||||||
other securities2 | 3,287,000 | 3,272,000 | 3,329,000 | 3,417,000 | 3,430,000 | 3,417,000 | |||||||||
total securities | 1,709,741,000 | 2,015,357,000 | 2,129,792,000 | 2,365,838,000 | 2,119,258,000 | 2,105,180,000 | 1,425,797,000 | 1,398,398,000 | 1,078,683,000 | 1,009,954,000 | 990,941,000 | 982,789,000 | |||
fhlbny and frb stock | 30,665,000 | 22,284,000 | 16,750,000 | 13,354,000 | 14,830,000 | 17,285,000 | 20,815,000 | 38,308,000 | 18,923,000 | 19,597,000 | 19,549,000 | ||||
total loans and leases, net of unearned income2,3 | 5,931,771,000 | 5,357,699,000 | 5,142,098,000 | 5,184,491,000 | 5,228,135,000 | 4,830,089,000 | |||||||||
total interest-earning assets | 7,691,242,000 | 7,408,404,000 | 7,410,553,000 | 7,607,078,000 | 7,625,832,000 | 7,609,792,000 | 6,868,958,000 | 6,268,442,000 | 3,029,188,000 | 2,962,056,000 | 2,937,795,000 | 2,945,953,000 | |||
other assets | 282,490,000 | 233,268,000 | 223,240,000 | 221,442,000 | 343,119,000 | 340,154,000 | 489,520,000 | 411,136,000 | 223,361,000 | 229,784,000 | 230,683,000 | 227,111,000 | |||
total assets | 7,973,732,000 | 7,641,672,000 | 7,633,793,000 | 7,828,520,000 | 7,968,951,000 | 7,949,946,000 | 7,358,478,000 | 6,679,578,000 | 3,400,248,000 | 3,252,549,000 | 3,191,840,000 | 3,168,478,000 | 3,173,064,000 | 3,153,260,000 | |
liabilities & equity | |||||||||||||||
deposits | -1,185,235,000 | 2,495,873,000 | |||||||||||||
interest-bearing deposits | |||||||||||||||
interest bearing checking, savings, & money market | 3,661,006,000 | 3,697,780,000 | 3,833,566,000 | 4,029,008,000 | 4,034,969,000 | 3,966,472,000 | 3,650,358,000 | 3,007,221,000 | 1,309,121,000 | 1,226,852,000 | 1,193,990,000 | 1,229,168,000 | |||
time deposits | 1,076,300,000 | 793,709,000 | 673,871,000 | 611,708,000 | 711,381,000 | 726,258,000 | 703,999,000 | 676,106,000 | |||||||
total interest-bearing deposits | 4,737,306,000 | 4,491,489,000 | 4,507,437,000 | 4,640,716,000 | 4,746,350,000 | 4,692,730,000 | 4,354,357,000 | 3,683,327,000 | 2,048,969,000 | 2,012,168,000 | 1,973,887,000 | 2,031,134,000 | |||
federal funds purchased & securities sold under agreements to repurchase | 39,519,000 | 55,773,000 | 57,523,000 | 57,126,000 | 58,627,000 | 52,099,000 | 55,973,000 | 59,825,000 | 185,456,000 | 185,525,000 | 187,753,000 | ||||
other borrowings | 534,219,000 | 363,530,000 | 269,752,000 | 195,110,000 | 217,799,000 | 272,993,000 | 365,732,000 | 762,993,000 | 171,659,000 | 244,193,000 | 188,159,000 | 199,202,000 | 208,965,000 | ||
total interest-bearing liabilities | 5,311,044,000 | 4,910,792,000 | 4,834,712,000 | 4,892,952,000 | 5,030,143,000 | 5,030,800,000 | 4,793,154,000 | 4,523,088,000 | 2,431,145,000 | 2,416,085,000 | 2,372,630,000 | 2,443,145,000 | |||
noninterest bearing deposits | 1,844,772,000 | 1,994,861,000 | 2,065,701,000 | 2,186,720,000 | 2,096,542,000 | 2,082,149,000 | 1,753,226,000 | 1,403,330,000 | 507,660,000 | 468,219,000 | 479,980,000 | 440,113,000 | |||
accrued expenses and other liabilities | 101,370,000 | 101,287,000 | 102,172,000 | 107,122,000 | 117,790,000 | 115,661,000 | 112,544,000 | 101,819,000 | 36,461,000 | 41,593,000 | 42,351,000 | 40,220,000 | |||
total liabilities | 7,257,186,000 | 7,006,940,000 | 7,002,585,000 | 7,186,795,000 | 7,244,475,000 | 7,228,610,000 | 6,658,924,000 | 6,028,237,000 | 3,101,105,000 | 2,975,266,000 | 2,925,897,000 | 2,894,961,000 | 2,923,478,000 | 2,908,252,000 | |
tompkins financial corporation shareholders’ equity | 715,299,000 | 633,267,000 | 629,784,000 | 640,258,000 | 723,009,000 | 719,880,000 | 698,088,000 | 649,871,000 | 275,814,000 | 264,431,000 | 271,983,000 | 248,119,000 | |||
noncontrolling interest | 1,247,000 | 1,465,000 | 1,424,000 | 1,468,000 | 1,467,000 | 1,456,000 | 1,466,000 | 1,470,000 | 1,469,000 | 1,534,000 | 1,467,000 | 1,452,000 | |||
total equity | 716,546,000 | 634,732,000 | 631,208,000 | 641,725,000 | 724,476,000 | 721,336,000 | 699,554,000 | 651,341,000 | 299,143,000 | 277,283,000 | 265,943,000 | 273,517,000 | 249,586,000 | 245,008,000 | |
total liabilities and equity | 7,973,732,000 | 7,641,672,000 | 7,633,793,000 | 7,828,520,000 | 7,968,951,000 | 7,949,946,000 | 7,358,478,000 | 6,679,578,000 | 3,400,248,000 | 3,252,549,000 | 3,191,840,000 | 3,168,478,000 | 3,173,064,000 | 3,153,260,000 | |
interest rate spread | 2,150 | 2,240 | 2,550 | 2,890 | 2,840 | 2,780 | 3,130 | 3,550 | 3,600 | 3,700 | |||||
tax-equivalent net interest income/margin on earning assets | 56,597,000 | ||||||||||||||
tax-equivalent adjustment | -316,000 | ||||||||||||||
net interest income | 56,281,000 | 111,775,000 | |||||||||||||
trading securities | 22,542,000 | 27,389,000 | 25,324,000 | 31,279,000 | |||||||||||
trust preferred debentures | 7,367,000 | 12,978,000 | 17,092,000 | 16,943,000 | 25,065,000 | 25,061,000 | 25,058,000 | 25,059,000 | 25,056,000 | 25,056,000 | |||||
net interest income/margin on earning assets | 210,671,000 | 54,557,000 | 55,252,000 | 28,240,000 | 28,550,000 | 28,671,000 | |||||||||
tax equivalent adjustment | -1,157,000 | -311,000 | -1,399,000 | -1,618,000 | -406,000 | -2,114,000 | -698,000 | -686,000 | -727,000 | ||||||
net interest income per consolidated financial statements | 209,514,000 | 54,246,000 | 230,281,000 | 223,792,000 | 54,846,000 | 225,339,000 | 27,542,000 | 27,864,000 | 27,944,000 | ||||||
derivatives not designated as hedging instruments | |||||||||||||||
interest rate products | |||||||||||||||
risk participation agreement | 7,499,000 | ||||||||||||||
total derivatives not designated as hedging instruments | 26,000 | ||||||||||||||
average consolidated statements of condition and net interest analysis | |||||||||||||||
securities | |||||||||||||||
state and municipal | 93,201,000 | 114,221,000 | 112,328,000 | 107,376,000 | 105,954,000 | 105,139,000 | |||||||||
other securities | 3,284,000 | 3,418,000 | 15,237,000 | 17,465,000 | 17,231,000 | 18,563,000 | |||||||||
total loans and leases, net of unearned income | 5,251,278,000 | 5,270,648,000 | |||||||||||||
net interest income /margin on earning assets | 231,680,000 | 225,410,000 | 227,453,000 | ||||||||||||
description | |||||||||||||||
lessors of residential buildings and dwellings | 545,615,000 | 520,793,000 | |||||||||||||
hotels and motels | 199,016,000 | 191,690,000 | |||||||||||||
dairy cattle and milk production | 183,790,000 | 194,050,000 | |||||||||||||
health care and social assistance | 154,288,000 | 156,693,000 | |||||||||||||
lessors of other real estate property | 113,890,000 | 123,835,000 | |||||||||||||
*concentration is defined as outstanding loan balances as a percentage of total commercial and commercial real estate loans. | |||||||||||||||
*concentration is defined as outstanding loan balances as a percent of total commercial and commercial real estate | |||||||||||||||
tompkins financial corporations shareholders' common equity | 661,642,000 | ||||||||||||||
goodwill and intangibles 1 | 97,855,000 | ||||||||||||||
tangible common equity | 563,787,000 | ||||||||||||||
common equity per share | 44,170 | ||||||||||||||
tangible common equity per share | 37,640 | ||||||||||||||
tompkins common stock issued | 82,198,000 | ||||||||||||||
cash payment for fractional shares | 13,000 | ||||||||||||||
cash payments for vist financial employee stock options | 1,236,000 | ||||||||||||||
fair value of vist financial employee stock options, converted to tompkins' common stock options | 1,107,000 | ||||||||||||||
cash payment for vist financial tarp, warrants and accrued and unpaid dividends | 26,454,000 | ||||||||||||||
recognized amounts of identifiable assets acquired and liabilities assumed at estimated fair value | |||||||||||||||
cash and cash equivalents | 32,985,000 | 49,567,000 | 45,462,000 | ||||||||||||
available-for-sale securities | 376,298,000 | ||||||||||||||
fhlb stock | 4,751,000 | ||||||||||||||
loans and leases | 889,336,000 | ||||||||||||||
premises and equipment | 7,343,000 | ||||||||||||||
identifiable intangible assets | 16,017,000 | ||||||||||||||
accrued interest receivable and other assets | 68,045,000 | ||||||||||||||
borrowings | -138,263,000 | ||||||||||||||
other liabilities | -7,698,000 | 60,311,000 | 41,583,000 | ||||||||||||
total identifiable assets | 63,579,000 | ||||||||||||||
goodwill | 47,429,000 | 43,898,000 | 41,589,000 | ||||||||||||
contractually required principal and interest at acquisition | 159,325,000 | ||||||||||||||
contractual cash flows not expected to be collected | 57,545,000 | ||||||||||||||
expected cash flows at acquisition | 101,780,000 | ||||||||||||||
interest component of expected cash flows | 10,008,000 | ||||||||||||||
fair value of acquired loans | 91,772,000 | ||||||||||||||
cash and noninterest bearing balances due from banks | 47,297,000 | 43,686,000 | |||||||||||||
interest bearing balances due from banks | 2,170,000 | 1,676,000 | |||||||||||||
money market funds | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | |||||||||
trading securities, at fair value | 19,598,000 | 31,718,000 | |||||||||||||
available-for-sale securities, at fair value | 1,143,546,000 | 928,770,000 | |||||||||||||
held-to-maturity securities, fair value of 27,255 at december 31, 2011, and 56,064 at december 31, 2010 | 26,673,000 | ||||||||||||||
loans and leases, net of unearned income and deferred costs and fees | 1,981,849,000 | 1,914,818,000 | |||||||||||||
less: allowance for loan and lease losses | 27,593,000 | 24,350,000 | |||||||||||||
net loans and leases | 1,954,256,000 | 1,890,468,000 | |||||||||||||
federal home loan bank stock and federal reserve bank stock | 19,070,000 | ||||||||||||||
bank premises and equipment | 44,712,000 | 46,650,000 | |||||||||||||
corporate owned life insurance | 43,044,000 | 35,953,000 | |||||||||||||
other intangible assets | 4,096,000 | 4,864,000 | |||||||||||||
accrued interest and other assets | 51,788,000 | 62,920,000 | |||||||||||||
liabilities | |||||||||||||||
deposits: | |||||||||||||||
interest bearing: | |||||||||||||||
checking, savings and money market | 1,356,870,000 | ||||||||||||||
time | 687,321,000 | 794,738,000 | |||||||||||||
noninterest bearing | 616,373,000 | 461,981,000 | |||||||||||||
total deposits | 2,660,564,000 | 2,439,864,000 | |||||||||||||
federal funds purchased and securities sold under agreements to repurchase | 169,090,000 | ||||||||||||||
other borrowings, including certain amounts at fair value of 12,093 at december 31, 2011 and 11,629 at december 31, 2010 | 186,075,000 | ||||||||||||||
equity | |||||||||||||||
tompkins financial corporation shareholders’ equity: | |||||||||||||||
common stock - par value .10 per share: authorized 25,000,000 shares; issued: 11,159,466 shares at december 31, 2011; and 10,934,385 shares at december 31, 2010 | 1,116,000 | ||||||||||||||
additional paid-in capital | 206,395,000 | 155,589,000 | |||||||||||||
retained earnings | 96,445,000 | 92,402,000 | |||||||||||||
accumulated other comprehensive loss | -3,677,000 | -3,087,000 | |||||||||||||
treasury stock | -2,588,000 | -2,326,000 | |||||||||||||
total tompkins financial corporation shareholders’ equity | 297,691,000 | 243,556,000 | |||||||||||||
noncontrolling interests | 1,452,000 | ||||||||||||||
federal funds sold | 8,767,000 | 9,233,000 | 10,364,000 | 9,080,000 | |||||||||||
loans, net of unearned income | |||||||||||||||
real estate | 1,368,589,000 | 1,354,265,000 | 1,327,849,000 | ||||||||||||
commercial loans | 456,691,000 | 461,339,000 | 455,770,000 | 472,900,000 | |||||||||||
consumer loans | 72,532,000 | 80,412,000 | 79,869,000 | 84,083,000 | |||||||||||
direct lease financing | 8,752,000 | 10,692,000 | 10,334,000 | 11,634,000 | |||||||||||
total loans, net of unearned income | 1,906,564,000 | 1,897,983,000 | 1,900,238,000 | 1,896,466,000 | |||||||||||
time deposits > 100,000 | 309,746,000 | ||||||||||||||
time deposits < 100,000 | 424,028,000 | ||||||||||||||
brokered time deposits < 100,000 | 6,074,000 | ||||||||||||||
financial statement highlights | |||||||||||||||
total loans | 1,910,358,000 | ||||||||||||||
shareholders’ equity | 273,408,000 | ||||||||||||||
interest and dividend income | 144,062,000 | ||||||||||||||
interest expense | 32,287,000 | ||||||||||||||
benefit from loan and lease losses | 8,507,000 | ||||||||||||||
net securities gains | 178,000 | ||||||||||||||
net income attributable to tompkins financial corporation | 33,831,000 | ||||||||||||||
per share information1 | |||||||||||||||
basic earnings per share | 3,130 | ||||||||||||||
diluted earnings per share | 3,110 | ||||||||||||||
cash dividends per share | 1,330 | ||||||||||||||
book value per share | 25,090 | ||||||||||||||
selected ratios | |||||||||||||||
return on average assets | 1,060 | ||||||||||||||
return on average equity | 12,720 | ||||||||||||||
average shareholders’ equity to average assets | 8,330 | ||||||||||||||
dividend payout ratio | 42,490 | ||||||||||||||
other selected data | |||||||||||||||
employees | 726,000 | ||||||||||||||
banking offices | 45,000 | ||||||||||||||
bank access centers | 69,000 | ||||||||||||||
trust and investment services assets under management, or custody | 2,859,725,000 | ||||||||||||||
residential real estate | 624,136,000 | ||||||||||||||
commercial real estate | 721,404,000 | ||||||||||||||
time dep > 100,000 | 327,626,000 | 323,616,000 | 335,260,000 | ||||||||||||
time dep < 100,000 | 432,804,000 | 436,887,000 | 429,464,000 | ||||||||||||
brokered time dep < 100,000 | 24,886,000 | 19,394,000 | 37,242,000 | ||||||||||||
repurchase | 185,563,000 | ||||||||||||||
noncontrolling interest’s | 1,512,000 | ||||||||||||||
(dollar amounts | |||||||||||||||
in thousands) | |||||||||||||||
fhlb and frb stock | 19,633,000 | ||||||||||||||
held-to-maturity securities, fair value of 46,340 at december 31, 2009, and 55,064 at december 31, 2008 | 44,825,000 | ||||||||||||||
federal home loan bank and federal reserve bank stock | 20,041,000 | ||||||||||||||
checking, savings, and money market | 1,183,145,000 | ||||||||||||||
federal funds purchased and securities sold under agreement to repurchase | 192,784,000 | ||||||||||||||
common stock – par value 0.10 per share: authorized 25,000,000 shares; issued: 9,785,265 shares at december 31, 2009, and 9,727,418 shares at december 31, 2008 | 978,000 |
Cashflow Statements:
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Annual
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