Tompkins Financial Corporation (TMP) 10-Year Financial Performance & Capital Metrics

TMP • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutTompkins Financial Corporation, a financial holding company, provides commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, and insurance services. The company operates in three segments: Banking, Insurance, and Wealth Management. It accepts various deposit products, including checking accounts, savings accounts, time deposits, and IRA products, as well as brokered, reciprocal, and municipal money market deposits. The company also offers loans for various business purposes, including real estate financing, construction, equipment financing, accounts receivable financing, and commercial leasing; residential mortgage loans; personal loans; residential real estate loans; home equity loans; commercial and industrial loans; commercial real estate loans; agriculture loans; and consumer loans, such as personal installment loans, direct and indirect automobile financing, and overdraft lines of credit. In addition, it provides letters of credit and sweep accounts; credit and debit cards; and deposit and cash management, internet-based account, remote deposit, safe deposit, voice response, ATM, and mobile and internet banking services. Further, the company offers investment management, trust and estate, and financial and tax planning services; property and casualty, medical, life, disability, and long-term care insurance services; employee benefit consulting services; and insurance planning services. It primarily serves individuals, corporate executives, small business owners, and high net worth individuals. The company operates through a network of 63 banking offices, including 43 offices in New York and 20 offices in Pennsylvania. Tompkins Financial Corporation was founded in 1836 and is headquartered in Ithaca, New York.Show more

Net Interest Income $211M +0.8%
Total Revenue $432M +42.3%
Net Income $71M +645.4%
Return on Equity 10.24% +593.6%
Net Interest Margin 2.6% -2.8%
Efficiency Ratio 45.31% -30.9%
ROA 0.89% +625.0%
Equity / Assets 8.8% +2.7%
Book Value per Share 50.00 +6.7%
Tangible BV/Share 43.36 +7.8%
Debt/Equity 1.11 +13.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 45.3% efficiency ratio
✓15 consecutive years of dividend growth
✓Healthy dividend yield of 3.2%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.51%

5Y5.29%

3Y10.88%

TTM-

Profit (Net Income) CAGR

10Y3.13%

5Y-2.81%

3Y-7.41%

TTM27.62%

EPS CAGR

10Y3.63%

5Y-1.54%

3Y-6.34%

TTM27.21%

ROCE

10Y Avg6.56%

5Y Avg8.4%

3Y Avg7.5%

Latest8.28%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	168.38M	180.64M	201.3M	211.8M	210.63M	225.34M	223.79M	230.28M	209.51M	211.1M
NII Growth %	0.03%	0.07%	0.11%	0.05%	-0.01%	0.07%	-0.01%	0.03%	-0.09%	0.01%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	188.75M	202.74M	226.76M	251.59M	261.38M	254.33M	241.32M	251.32M	297.36M	347.57M
Interest Expense	20.36M	22.1M	25.46M	39.79M	50.75M	28.99M	17.53M	21.04M	87.84M	136.47M
Loan Loss Provision	2.94M	4.32M	4.16M	3.94M	1.37M	17.21M	-2.22M	2.79M	4.34M	6.61M
Non-Interest Income+	69.29M	66.31M	65.78M	71.22M	72.19M	70.61M	75.32M	73.41M	6M	84.07M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	258.03M	269.05M	292.55M	322.81M	333.57M	324.94M	316.63M	324.74M	303.36M	431.65M
Revenue Growth %	0.02%	0.04%	0.09%	0.1%	0.03%	-0.03%	-0.03%	0.03%	-0.07%	0.42%
Non-Interest Expense	147.21M	156.11M	167.68M	174.84M	178.6M	181.07M	186.75M	191.19M	199.05M	195.59M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	87.51M	86.52M	95.24M	104.24M	102.86M	97.67M	114.57M	109.71M	12.12M	92.98M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.13%	-0.01%	0.1%	0.09%	-0.01%	-0.05%	0.17%	-0.04%	-0.89%	6.67%
Pretax Income+	87.51M	86.52M	95.24M	104.24M	102.86M	97.67M	114.57M	109.71M	12.12M	92.98M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	28.96M	27.05M	42.62M	21.8M	21.02M	19.92M	25.18M	24.56M	2.5M	22M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	58.42M	59.34M	52.49M	82.31M	81.72M	77.59M	89.26M	85.03M	9.51M	70.85M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.12%	0.02%	-0.12%	0.57%	-0.01%	-0.05%	0.15%	-0.05%	-0.89%	6.45%
Net Income (Continuing)	58.55M	59.47M	52.62M	82.44M	81.84M	77.74M	89.39M	85.16M	9.63M	70.97M
EPS (Diluted)+	3.87	3.91	3.43	5.35	5.37	5.20	6.05	5.89	0.66	4.97
EPS Growth %	0.11%	0.01%	-0.12%	0.56%	0%	-0.03%	0.16%	-0.03%	-0.89%	6.53%
EPS (Basic)	3.91	3.94	3.46	5.39	5.39	5.22	6.08	5.92	0.66	4.98
Diluted Shares Outstanding	14.86M	14.94M	15.07M	15.13M	14.97M	14.74M	14.65M	14.4M	14.3M	14.27M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	58.26M	63.95M	77.69M	73.79M	137.98M	388.46M	63.11M	77.84M	79.54M	134.4M
Short Term Investments	1000K	1000K	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	2.92B	3B	2.92B	1.47B	6.16B	6.82B	7.35B	7.12B	7.27B	2.78B
Investments Growth %	0.01%	0.03%	-0.03%	-0.5%	3.18%	0.11%	0.08%	-0.03%	0.02%	-0.62%
Long-Term Investments	1.54B	1.57B	1.53B	1.47B	4.86B	5.2B	5.3B	5.52B	5.85B	1.54B
Accounts Receivables	1000K	1000K	1000K	1000K	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	91.79M	92.62M	92.29M	92.28M	92.45M	92.45M	92.45M	92.6M	92.6M	92.6M
Intangible Assets	12.45M	11.35M	9.26M	7.63M	6.22M	4.91M	3.64M	2.71M	2.33M	2.2M
PP&E (Net)	60.33M	70.02M	87M	97.2M	94.36M	88.71M	85.42M	82.14M	79.69M	76.63M
Other Assets	2.54B	3B	3.45B	3.67B	217.46M	210.87M	213.32M	284.33M	281.4M	-1.54B
Total Current Assets	56.26M	62.07M	77.69M	78.52M	1.45B	2.03B	2.12B	1.69B	1.51B	1.29B
Total Non-Current Assets	4.25B	4.74B	5.17B	5.35B	5.27B	5.59B	5.7B	5.98B	6.31B	171.43M
Total Assets+	5.69B	6.24B	6.65B	6.76B	6.73B	7.62B	7.82B	7.67B	7.82B	8.11B
Asset Growth %	0.08%	0.1%	0.07%	0.02%	-0%	0.13%	0.03%	-0.02%	0.02%	0.04%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	573.79M	922.5M	1.09B	1.09B	735.48M	344.06M	190.79M	347.58M	653.1M	790.25M
Net Debt	515.54M	858.54M	1B	1.01B	597.5M	-44.4M	127.68M	269.74M	573.55M	655.85M
Long-Term Debt	573.79M	922.5M	500.69M	527.71M	436.04M	278.22M	110M	50M	125M	543.25M
Short-Term Debt	0	0	587.74M	0	299.45M	65.84M	80.79M	297.58M	528.1M	247M
Other Liabilities	4.6B	4.76B	5.57B	5.61B	114.17M	122.67M	108.82M	103.42M	96.87M	96.55M
Total Current Liabilities	4.6B	4.77B	2.67B	1.5M	5.51B	6.5B	6.87B	6.9B	6.93B	6.76B
Total Non-Current Liabilities	5.17B	5.69B	6.07B	6.14B	550.2M	400.88M	218.82M	153.42M	221.87M	639.79M
Total Liabilities	5.17B	5.69B	6.07B	6.14B	6.06B	6.9B	7.09B	7.05B	7.15B	7.4B
Total Equity+	516.47M	549.4M	576.2M	620.87M	663.05M	717.69M	728.94M	617.39M	669.93M	713.44M
Equity Growth %	0.05%	0.06%	0.05%	0.08%	0.07%	0.08%	0.02%	-0.15%	0.09%	0.06%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.12%	0.11%	0.09%	0.14%	0.13%	0.11%	0.12%	0.13%	0.01%	0.1%
Book Value per Share	34.75	36.78	38.23	41.03	44.28	48.68	49.76	42.86	46.84	50.00
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	1.5M	1.52M	1.53M	1.53M	1.5M	1.5M	1.47M	1.46M	1.44M	1.45M
Additional Paid-in Capital	350.82M	357.41M	364.03M	366.6M	338.51M	333.98M	312.54M	302.76M	297.18M	300.07M
Retained Earnings	197.44M	230.18M	265.01M	319.4M	370.48M	418.41M	475.26M	526.73M	501.51M	537.16M
Accumulated OCI	-31M	-37.11M	-51.3M	-63.16M	-43.56M	-32.07M	-55.95M	-208.69M	-125M	-118.49M
Treasury Stock	-3.75M	-4.05M	-4.49M	-4.9M	-5.28M	-5.53M	-5.79M	-6.28M	-6.61M	-6.74M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	82.44M	90.86M	86.06M	107.27M	101.61M	101.39M	121.18M	103.34M	89M	94.97M
Operating CF Growth %	0.07%	0.1%	-0.05%	0.25%	-0.05%	-0%	0.2%	-0.15%	-0.14%	0.07%
Net Income	58.42M	59.34M	52.49M	82.31M	81.72M	77.59M	89.26M	85.03M	9.51M	70.85M
Depreciation & Amortization	8.48M	8.92M	10.2M	11.32M	11.72M	11.68M	11.57M	11.56M	11.73M	10.47M
Deferred Taxes	2.9M	1.86M	14.6M	2.35M	3.07M	-6.28M	1.8M	910K	-434K	-3.08M
Other Non-Cash Items	10.54M	19.5M	8.39M	8.25M	-835K	27.16M	4.8M	3.25M	63.29M	13.43M
Working Capital Changes	190K	-1.03M	-2.58M	-445K	1.71M	-13.49M	8.6M	-1.75M	812K	-1.34M
Cash from Investing+	-452.92M	-573.49M	-426.95M	-143.6M	133.99M	-643.72M	-583.29M	-8.44M	-146.3M	-250.44M
Purchase of Investments	-461.06M	-412.74M	-214.06M	-193.96M	-340.74M	-904.91M	-1.36B	-183.14M	-391.49M	-55.91M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	-436K	0	0	0	0	0
Other Investing	-384.62M	-498.23M	-416.4M	-159.99M	-63.99M	-322.2M	180.84M	-197.84M	-350.37M	-426.7M
Cash from Financing+	372.66M	488.33M	361.24M	32.42M	-178.01M	792.81M	136.76M	-80.17M	59M	210.33M
Dividends Paid	-25.41M	-26.6M	-27.63M	-29.63M	-30.64M	-31.36M	-32.41M	-33.56M	-34.51M	-35.05M
Share Repurchases	-3.5M	-1.17M	0	-2.45M	-29.87M	-9.41M	-23.77M	-15.43M	-8.73M	0
Stock Issued	50K	3.2M	2.87M	0	0	1.82M	2K	0	0	170K
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	-1000K	-1000K	-1000K	1000K	1000K	1000K
Other Financing	221.4M	164.14M	220.22M	60.17M	300.47M	1.22B	351.08M	-198.47M	-208.56M	57.06M
Net Change in Cash+	2.19M	5.7M	20.35M	-3.91M	57.59M	250.48M	-325.36M	14.73M	1.71M	54.86M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	56.07M	58.26M	63.95M	84.3M	80.39M	137.98M	388.46M	63.11M	77.84M	79.54M
Cash at End	58.26M	63.95M	84.3M	80.39M	137.98M	388.46M	63.11M	77.84M	79.54M	134.4M
Interest Paid	21.77M	23.46M	26.39M	40.66M	51.55M	30.34M	16.92M	21.05M	86.26M	135.51M
Income Taxes Paid	22.67M	24.66M	31.01M	16.95M	16.73M	22.89M	28.63M	23.9M	10.38M	14.83M
Free Cash Flow+	76.46M	74.8M	50.77M	89.18M	95.6M	96.84M	116.44M	95.17M	82.24M	88.76M
FCF Growth %	0.12%	-0.02%	-0.32%	0.76%	0.07%	0.01%	0.2%	-0.18%	-0.14%	0.08%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	11.61%	11.13%	9.33%	13.75%	12.73%	11.24%	12.34%	12.63%	1.48%	10.24%
Return on Assets (ROA)	1.07%	1%	0.81%	1.23%	1.21%	1.08%	1.16%	1.1%	0.12%	0.89%
Net Interest Margin	2.96%	2.9%	3.03%	3.13%	3.13%	2.96%	2.86%	3%	2.68%	2.6%
Efficiency Ratio	57.05%	58.02%	57.32%	54.16%	53.54%	55.72%	58.98%	58.88%	65.62%	45.31%
Equity / Assets	9.08%	8.81%	8.67%	9.19%	9.86%	9.42%	9.32%	8.05%	8.57%	8.8%
Book Value / Share	34.75	36.78	38.23	41.03	44.28	48.68	49.76	42.86	46.84	50
NII Growth	2.79%	7.28%	11.44%	5.21%	-0.55%	6.98%	-0.69%	2.9%	-9.02%	0.76%
Dividend Payout	43.5%	44.83%	52.63%	36%	37.49%	40.42%	36.31%	39.47%	363.09%	49.47%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Insurance Revenues	-	-	31.5M	34.84M	36.2M	37.35M	39.1M
Insurance Revenues Growth	-	-	-	10.57%	3.92%	3.18%	4.68%
Investment Service Income	-	-	17.52M	19.39M	18.09M	17.95M	19.59M
Investment Service Income Growth	-	-	-	10.66%	-6.69%	-0.77%	9.12%
Card Services Income	-	10.53M	9.26M	10.83M	11.02M	11.49M	12.06M
Card Services Income Growth	-	-	-12.00%	16.87%	1.83%	4.21%	4.95%
Service Charges On Deposit Accounts	-	8.32M	6.31M	6.35M	7.37M	6.91M	7.29M
Service Charges On Deposit Accounts Growth	-	-	-24.14%	0.55%	16.04%	-6.14%	5.42%
Other Non Interest Income	-	1.18M	1.15M	1.2M	1.29M	1.32M	1.3M
Other Non Interest Income Growth	-	-	-3.13%	5.06%	7.23%	2.56%	-2.11%
Total Insurance Revenues	-	31.09M	-	-	-	-	-
Total Insurance Revenues Growth	-	-	-	-	-	-	-
Commissions and Fees	-	28.25M	-	-	-	-	-
Commissions and Fees Growth	-	-	-	-	-	-	-
Subtotal Investment Service Income	-	16.43M	-	-	-	-	-
Subtotal Investment Service Income Growth	-	-	-	-	-	-	-
Trust And Asset Management	-	11.44M	-	-	-	-	-
Trust And Asset Management Growth	-	-	-	-	-	-	-
Mutual Fund And Investment Income	-	4.99M	-	-	-	-	-
Mutual Fund And Investment Income Growth	-	-	-	-	-	-	-
Contingent Consideration	2.3M	3.04M	-	-	-	-	-
Contingent Consideration Growth	-	32.07%	-	-	-	-	-
Refund Of Commissions	-	30K	-	-	-	-	-
Refund Of Commissions Growth	-	-	-	-	-	-	-
Installment Billing	-	-35K	-	-	-	-	-
Installment Billing Growth	-	-	-	-	-	-	-
Contract Liabilities and Deferred Revenue	-	-195K	-	-	-	-	-
Contract Liabilities and Deferred Revenue Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Tompkins Financial Corporation (TMP) has a price-to-earnings (P/E) ratio of 15.5x. This is roughly in line with market averages.

Growth & Financials

Tompkins Financial Corporation (TMP) grew revenue by 42.3% over the past year. This is strong growth.

Yes, Tompkins Financial Corporation (TMP) is profitable, generating $84.5M in net income for fiscal year 2024 (16.4% net margin).

Dividend & Returns

Yes, Tompkins Financial Corporation (TMP) pays a dividend with a yield of 3.20%. This makes it attractive for income-focused investors.

Tompkins Financial Corporation (TMP) has a return on equity (ROE) of 10.2%. This is reasonable for most industries.

Industry Metrics

Tompkins Financial Corporation (TMP) has a net interest margin (NIM) of 2.6%. NIM has been under pressure due to interest rate environment.

Tompkins Financial Corporation (TMP) has an efficiency ratio of 45.3%. This is excellent, indicating strong cost control.

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