Tompkins Financial Q3 EPS $1.30, up 18% QoQ; Board increases dividend to $0.62

TOMPKINS FINANCIAL CORP

2024-Q3 EPS reported $3.59 revenue$60,842,000

Q3 2024 diluted EPS of $1.30 vs $0.94 QoQ and $(2.35) YoY; net income $18.6M, up 18.9% QoQ.
Net interest margin expanded 6 bps to 2.79%; loans grew 2.1% QoQ (8.2% annualized).
Nonperforming assets 0.78% of total assets vs 0.41% YoY; allowance for credit losses 0.94% of loans.
Dividend raised $0.01 to $0.62 per share, payable Nov 15 to holders of record Nov 8.
Chair Thomas R. Rochon to retire at 2025 annual meeting; Daniel J. Fessenden to succeed.

item 2.02 item 9.01 item 5.02 item 8.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Thomas R. Rochon

Chair

TMP · TOMPKINS FINANCIAL CORP

Effective: 2025-01-01
Successor: Daniel J. Fessenden
Filed: October 25, 2024, 7:59 PM ET

After serving more than 15 years on the Company's Board of Directors, including over 10 years as Chair, Thomas R. Rochon will retire as of the date of Company's next Annual Meeting of Shareholders to be held in 2025 (the "Annual Meeting").

Appointed

Daniel J. Fessenden

Chair

TMP · TOMPKINS FINANCIAL CORP

Effective: 2025-01-01
Filed: October 25, 2024, 7:59 PM ET

the Company's Board of Directors identified Daniel J. Fessenden to succeed Mr. Rochon as the next Chair of Board of Directors of the Company, effective as of the date of the Annual Meeting.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas R. Rochon departed as Chair at TOMPKINS FINANCIAL CORP.

Action: retire
Role: Chair

Exact text from the filing

After serving more than 15 years on the Company's Board of Directors, including over 10 years as Chair, Thomas R. Rochon will retire as of the date of Company's next Annual Meeting of Shareholders to be held in 2025 (the "Annual Meeting").

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel J. Fessenden was appointed as Chair at TOMPKINS FINANCIAL CORP.

Action: identified to succeed
Role: Chair

Exact text from the filing

the Company's Board of Directors identified Daniel J. Fessenden to succeed Mr. Rochon as the next Chair of Board of Directors of the Company, effective as of the date of the Annual Meeting.

View on SEC.gov

TOMPKINS FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001005817-24-000025

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