---
schema_version: "secwatch.filing_event.v1"
accession: "0001387131-23-011804"
form_type: "8-K"
ticker: "TMP"
cik: "0001005817"
company_name: "TOMPKINS FINANCIAL CORP"
filed_at: "2023-09-29T23:59:59+00:00"
generated_at: "2026-06-10T06:45:04.606713+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Tompkins Financial sells $429.6M low-yield securities, records $47.5M after-tax loss, reinvests at 5.12% yield

## Summary
- Sold ~$429.6M of AFS securities (avg book yield 0.93%); realized after-tax loss of ~$47.5M.
- Proceeds reinvested in AFS securities with avg yield 5.12%; estimated $15.4M income improvement over next 12 months.
- Transaction expected to cause Q3 2023 net loss but improve earnings and net interest margin from Q4 2023 onward.
- No impact on shareholder equity or book value per share; Tier 1 capital ratio expected to remain well above 'well capitalized' threshold.
- Company's overall liquidity remains strong and stable.

## SEC filing metadata
- accession: 0001387131-23-011804
- form_type: 8-K
- ticker: TMP
- cik: 0001005817
- company_name: TOMPKINS FINANCIAL CORP
- filed_at: 2023-09-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1005817/000138713123011804/0001387131-23-011804-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005817/000138713123011804/tmp_8k-092523.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001387131-23-011804
- JSON: https://secwatch.observer/filing/0001387131-23-011804.json
- Plain text: https://secwatch.observer/filing/0001387131-23-011804.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.