earnings
confidence high
sentiment positive
materiality 0.60
Tompkins Q2 diluted EPS $1.10, up 86% YoY; net income $15.7M +85%; NIM stable at 2.73%
TOMPKINS FINANCIAL CORP
2024-Q2 EPS reported
$2.29
revenue$39,536,000
- Diluted EPS $1.10 (down 6.8% QoQ, up 86.4% YoY); net income $15.7M (down 7.1% QoQ, up 85% YoY).
- Net interest margin 2.73% unchanged QoQ; loans up 2.2% sequential (8.7% annualized); deposits down 2.5% QoQ.
- Noninterest income $21.8M +72.6% YoY (prior-year $7.1M securities loss); fee-based services +5% YoY.
- Noninterest expense $49.9M -3.9% YoY; YTD expense -2.3%; provision for credit losses $2.2M.
- Regular quarterly cash dividend of $0.61/share declared, payable Aug 16 to holders of record Aug 9.