---
schema_version: "secwatch.filing_event.v1"
accession: "0001005817-23-000007"
form_type: "8-K"
ticker: "TMP"
cik: "0001005817"
company_name: "TOMPKINS FINANCIAL CORP"
filed_at: "2023-07-21T23:59:59+00:00"
generated_at: "2026-06-13T04:44:06.460578+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Tompkins Q2 EPS $0.59, down 59% YoY; securities sale loss of $7.1M

## Summary
- Diluted EPS $0.59 vs $1.45 a year ago; net income $8.5M, down $12.4M.
- Pre-tax loss of $7.1M on sale of $80.9M AFS securities (yield 0.48%); proceeds cut FHLB borrowings.
- Loans grew 6% annualized vs Q1 to $5.4B; deposits fell 4.65% YoY to $6.5B (pace slowed).
- Net interest margin narrowed to 2.83% from 3.09%; net interest income down $6.4M to $51.9M.
- Board declared $0.60 quarterly dividend (payable Aug 12) and authorized new 400k-share buyback program.

## SEC filing metadata
- accession: 0001005817-23-000007
- form_type: 8-K
- ticker: TMP
- cik: 0001005817
- company_name: TOMPKINS FINANCIAL CORP
- filed_at: 2023-07-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1005817/000100581723000007/0001005817-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005817/000100581723000007/tmp-20230721.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001005817-23-000007
- JSON: https://secwatch.observer/filing/0001005817-23-000007.json
- Plain text: https://secwatch.observer/filing/0001005817-23-000007.txt

## Key facts
- Earnings Releases
  TOMPKINS FINANCIAL CORP reported the second quarter of 2023 results: net income $8.5 million, EPS $0.59 per diluted share.
  - Period: the second quarter of 2023
  - Net income: $8.5 million
  - EPS: $0.59 per diluted share
  - Result: reported results
  source text: Tompkins Financial Corporation ("Tompkins" or the "Company") reported diluted earnings per share of $0.59 for the second quarter of 2023, down 56.3% from the immediate prior quarter, and down 59.3% from diluted earnings per share of $1.45 reported in the second quarter of 2022. Net income for the second quarter of 2023 was $8.5 million, down $12.4 million, or 59.4%, when compared to the $20.9 million reported for the same period in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1005817/000100581723000007/0001005817-23-000007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.