secwatch.observer — SEC 8-K summary
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Issuer:     TOMPKINS FINANCIAL CORP (TMP)
CIK:        0001005817
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0001005817-23-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005817/000100581723000012/0001005817-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005817/000100581723000012/tmp-20231027.htm
  HTML page:      https://secwatch.observer/filing/0001005817-23-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer