secwatch.observer — SEC 8-K summary
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Issuer:     TOMPKINS FINANCIAL CORP (TMP)
CIK:        0001005817
Form:       8-K
Filed at:   2023-07-21T23:59:59+00:00
Accession:  0001005817-23-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005817/000100581723000007/0001005817-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005817/000100581723000007/tmp-20230721.htm
  HTML page:      https://secwatch.observer/filing/0001005817-23-000007

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