Tompkins Financial reports record Q2 EPS of $1.54, up 6.9% YoY

TOMPKINS FINANCIAL CORP

2021-Q2 EPS reported $3.26 revenue$35,483,000

Net income $22.8M vs $21.4M YoY; record diluted EPS $1.54.
Provision for credit losses was a $3.1M credit vs $877K expense in Q2 2020.
Net interest margin narrowed to 2.91% from 3.45% YoY; net interest income $54.8M.
Total deposits $6.8B, up 7.2%; nonperforming loans $53.8M, up $6.1M from Q1 2021.
Board declared $0.54 quarterly dividend payable Aug 13, 2021; Q2 repurchased 80,004 shares for $6.5M.

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