secwatch.observer — SEC 8-K summary
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Issuer:     TOMPKINS FINANCIAL CORP (TMP)
CIK:        0001005817
Form:       8-K
Filed at:   2021-10-22T23:59:59+00:00
Accession:  0001387131-21-010229
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tompkins Financial Q3 EPS $1.45 vs $1.63 YoY; dividend raised to $0.57/share (+5.6%); new 400k share buyback authorized
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- Q3 diluted EPS $1.45 vs $1.63 YoY; net income $21.3M vs $24.2M; nonrecurring charges of $4.1M ($0.21/share) for debt prepayment and trust preferred redemption.
- Year-to-date diluted EPS $4.72, up 31.5% from $3.59; net income $69.8M, up 30.2% from $53.6M.
- Board approved quarterly cash dividend of $0.57/share, a 5.6% increase from prior quarter; payable Nov 15, 2021 to holders of record Nov 2.
- Board authorized new repurchase of up to 400,000 shares over 24 months, replacing the existing program; company repurchased 170,775 shares in Q3 at $13.2M.
- Net interest margin 2.89% in Q3 2021 vs 3.26% in Q3 2020; total loans $5.1B, down from $5.4B YoY largely due to PPP decline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005817/000138713121010229/0001387131-21-010229-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005817/000138713121010229/tmp-8k_102221.htm
  HTML page:      https://secwatch.observer/filing/0001387131-21-010229

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