Tompkins Financial Q3 net loss of $33.4M; sells securities for $47.5M after-tax loss

TOMPKINS FINANCIAL CORP

2023-Q3 EPS reported -$0.39 revenue$57,865,000

Net loss of $33.4M, or $2.35 diluted EPS loss, vs. $1.48 diluted EPS in Q3 2022.
Sold $429.6M of AFS debt securities with 0.93% yield; reinvested at ~5.12% yield.
Securities revenue expected to improve by ~$15.4M over next 12 months from repositioning.
Annualized loan growth of 6.0% QoQ; deposits up 10.4% annualized QoQ to $6.6B.
Regular quarterly cash dividend of $0.60/share maintained, payable Nov 15, record Nov 7.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TOMPKINS FINANCIAL CORP reported the third quarter of 2023 results: net income a net loss of $33.4 million, EPS a loss of $2.35.

Period: the third quarter of 2023
Net income: a net loss of $33.4 million
EPS: a loss of $2.35
Result: reported results

Exact text from the filing

Tompkins Financial Corporation ("Tompkins" or the "Company") reported a net loss of $33.4 million for the third quarter of 2023.

View on SEC.gov

Browse all earnings releases →

TOMPKINS FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001005817-23-000012

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.