secwatch.observer — SEC 8-K summary
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Issuer:     TOMPKINS FINANCIAL CORP (TMP)
CIK:        0001005817
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0001005817-24-000002
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Tompkins Financial Q4 EPS $1.05, down 22.8% YoY; full-year EPS $0.66, down 88.8% on $52.9M securities loss
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- Q4 net income $15.0M ($1.05 diluted EPS) vs $19.5M ($1.36) in Q4 2022; FY net income $9.5M ($0.66) vs $85.0M ($5.89) in FY 2022.
- FY includes after-tax $52.9M loss on sale of $510.5M available-for-sale securities; reinvested at ~5.09% yield vs 0.86% sold.
- Q4 net interest margin expanded to 2.82% (from 2.75% in Q3); loans grew 3.2% QoQ (12.6% annualized), deposits declined 3.4% QoQ.
- Nonperforming assets ratio rose to 0.80% from 0.41% QoQ due to $33.8M addition from one hospitality relationship.
- Board declared $0.60/share quarterly dividend, payable Feb 16, 2024 to holders of record Feb 9, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005817/000100581724000002/0001005817-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005817/000100581724000002/tmp-20240126.htm
  HTML page:      https://secwatch.observer/filing/0001005817-24-000002

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