earnings
confidence high
sentiment neutral
materiality 0.60
Tompkins Financial Q1 EPS $1.60, down 7%; net income $23.3M; declares $0.57 dividend
TOMPKINS FINANCIAL CORP
2022-Q1 EPS reported
$1.60
revenue$18,872,000
- Diluted EPS $1.60, down 7.0% from $1.72 in Q1 2021; net income $23.3M, down 9.2% from $25.6M.
- Net interest margin improved to 3.04% from 3.01%; PPP loan fees declined to $2.0M from $2.8M.
- Nonperforming loans at 0.60% of loans vs 0.90% a year ago; credit recapture $520K vs $1.8M.
- Repurchased 130,168 shares for $10.4M; capital ratios remain above well-capitalized minimums.
- Declared $0.57 per share quarterly dividend, payable May 16, 2022 to holders of record May 10, 2022.