Tompkins Financial Q1 EPS falls 15.6% to $1.35; net income down 16.7% YoY

TOMPKINS FINANCIAL CORP

2023-Q1 EPS reported $1.35 revenue$18,797,000

Diluted EPS $1.35, down 15.6% YoY; net income $19.4M, down 16.7%.
Net interest margin 2.99%; interest expense surged to $15.0M from $2.6M YoY.
Deposits $6.5B, down 7.2% YoY; 76.9% insured/collateralized; uninsured $2.6B.
Dividend declared $0.60 per share, payable May 16 to holders of record May 9.
Nonperforming assets 0.37% of assets, improved; Tier 1 leverage ratio 9.63% up from 8.89%.

item 2.02 item 9.01 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TOMPKINS FINANCIAL CORP reported the first quarter of 2023 results: net income $19.4 million, EPS $1.35.

Period: the first quarter of 2023
Net income: $19.4 million
EPS: $1.35
Result: reported results

Exact text from the filing

Tompkins Financial Corporation ("Tompkins" or the "Company") reported diluted earnings per share of $1.35 for the first quarter of 2023, in line with the immediate prior quarter, and down 15.6% from diluted earnings per share of $1.60 reported in the first quarter of 2022. The first quarter results in the prior year included $2.0 million, pre-tax, ($0.10 per diluted share) in net fees related to the SBA's Paycheck Protection Program loans ("PPP"), compared to net fees of $2,000 in the current period. Net income for the first quarter of 2023 was $19.4 million

View on SEC.gov

Browse all earnings releases →

TOMPKINS FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001387131-23-005682

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.