Operating leverage has improved significantly, with the efficiency ratio tightening from 51.0% in 2023Q4 to 41.7% in 2026Q1, reflecting successful scale-driven cost management.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Net Interest Income | 264.93M | 249.73M | 211.1M | 209.51M | 230.28M | 223.79M | 225.34M | 210.63M | 211.8M | 201.3M | 180.64M | 168.38M | 163.81M | 161.13M | 134.14M | 111.41M | 111.78M | 107.04M | 90.39M | 74.03M | 72.86M | 75.02M | 71.35M | 67.5M | 65.14M | 57.98M | 51.94M | 47.07M | 40.36M | 38.03M | 25.4M |
| NII Growth % | 87.63% | 18.3% | 0.76% | -9.02% | 2.9% | -0.69% | 6.98% | -0.55% | 5.21% | 11.44% | 7.28% | 2.79% | 1.66% | 20.12% | 20.41% | -0.33% | 4.43% | 18.42% | 22.1% | 1.61% | -2.88% | 5.15% | 5.69% | 3.62% | 12.35% | 11.63% | 10.36% | 16.62% | 6.12% | 49.72% | 7.63% |
| Net Interest Margin % | 3.05% | 2.88% | 2.6% | 2.68% | 3% | 2.86% | 2.96% | 3.13% | 3.13% | 3.03% | 2.9% | 2.96% | 3.11% | 3.22% | 2.77% | 3.28% | 3.43% | 3.39% | 3.15% | 3.14% | 3.3% | 3.56% | 3.62% | 3.62% | 3.9% | 4.08% | 3.98% | 3.96% | 4.23% | 6.07% | 4.3% |
| Interest Income | 395.28M | 382.07M | 347.57M | 297.36M | 251.32M | 241.32M | 254.33M | 261.38M | 251.59M | 226.76M | 202.74M | 188.75M | 184.49M | 185.1M | 158.36M | 137.09M | 144.06M | 146.79M | 140.78M | 132.44M | 121.04M | 106.71M | 94.67M | 91M | 93.96M | 94.16M | 92.02M | 77.62M | 69.73M | 66.27M | 43.3M |
| Interest Expense | 130.35M | 132.34M | 136.47M | 87.84M | 21.04M | 17.53M | 28.99M | 50.75M | 39.79M | 25.46M | 22.1M | 20.36M | 20.68M | 23.98M | 24.21M | 25.68M | 32.29M | 39.76M | 50.39M | 58.41M | 48.18M | 31.69M | 23.33M | 23.49M | 28.82M | 36.17M | 40.08M | 30.55M | 29.37M | 28.23M | 17.9M |
| Loan Loss Provision | 7.75M | 11.53M | 6.61M | 4.34M | 2.79M | -2.22M | 17.21M | 1.37M | 3.94M | 4.16M | 4.32M | 2.94M | 2.31M | 6.16M | 8.84M | 8.95M | 8.51M | 9.29M | 5.43M | 1.53M | 1.42M | 2.66M | 2.86M | 2.5M | 2.23M | 1.61M | 1.22M | 944K | 1.54M | 1.44M | 1.2M |
| Non-Interest Income | 183.67M | 196.87M | 84.07M | 6M | 73.41M | 75.32M | 70.61M | 72.19M | 71.22M | 65.78M | 66.31M | 69.29M | 68.05M | 66.47M | 52.45M | 45.97M | 44.33M | 46.36M | 46.03M | 44.05M | 41.13M | 30.82M | 27.98M | 25.25M | 23.7M | 19.86M | 14.43M | 11.8M | 9.76M | 8.18M | 7.8M |
| Non-Interest Income % | 31.72% | 34.01% | 19.48% | 1.98% | 22.61% | 23.79% | 21.73% | 21.64% | 22.06% | 22.49% | 24.65% | 26.85% | 26.95% | 26.42% | 24.88% | 25.11% | 23.53% | 24% | 24.64% | 24.96% | 25.36% | 22.41% | 22.81% | 21.72% | 20.15% | 17.42% | 13.55% | 13.2% | 12.27% | 10.99% | 15.26% |
| Total Revenue | 578.95M | 578.94M | 431.65M | 303.36M | 324.74M | 316.63M | 324.94M | 333.57M | 322.81M | 292.55M | 269.05M | 258.03M | 252.55M | 251.57M | 210.8M | 183.05M | 188.4M | 193.15M | 186.82M | 176.49M | 162.17M | 137.53M | 122.66M | 116.25M | 117.66M | 114.02M | 106.44M | 89.42M | 79.48M | 74.44M | 51.1M |
| Revenue Growth % | 123.87% | 34.12% | 42.29% | -6.58% | 2.56% | -2.56% | -2.59% | 3.33% | 10.34% | 8.73% | 4.27% | 2.17% | 0.39% | 19.34% | 15.16% | -2.83% | -2.46% | 3.39% | 5.85% | 8.83% | 17.92% | 12.12% | 5.51% | -1.2% | 3.19% | 7.12% | 19.03% | 12.5% | 6.77% | 45.68% | 7.58% |
| Non-Interest Expense | 207.33M | 210.21M | 195.59M | 199.05M | 191.19M | 186.75M | 181.07M | 178.6M | 174.84M | 167.68M | 156.11M | 147.21M | 151.98M | 149.67M | 135.25M | 96.5M | 97.22M | 96.76M | 87.06M | 78.19M | 72.08M | 62.29M | 58.36M | 53.99M | 52.4M | 46.2M | 39.39M | 34.88M | 26.86M | 25.03M | 17.7M |
| Efficiency Ratio | 35.81% | 36.31% | 45.31% | 65.62% | 58.88% | 58.98% | 55.72% | 53.54% | 54.16% | 57.32% | 58.02% | 57.05% | 60.18% | 59.49% | 64.16% | 52.72% | 51.6% | 50.1% | 46.6% | 44.3% | 44.45% | 45.29% | 47.58% | 46.44% | 44.54% | 40.51% | 37% | 39% | 33.79% | 33.62% | 34.64% |
| Operating Income | 233.52M | 224.86M | 92.98M | 12.12M | 109.71M | 114.57M | 97.67M | 102.86M | 104.24M | 95.24M | 86.52M | 87.51M | 77.58M | 71.76M | 42.51M | 51.92M | 50.38M | 47.34M | 43.94M | 38.36M | 40.48M | 40.89M | 38.11M | 36.27M | 34.21M | 30.05M | 25.76M | 23.05M | 21.72M | 19.75M | 14.3M |
| Operating Margin % | 40.34% | 38.84% | 21.54% | 4% | 33.79% | 36.18% | 30.06% | 30.84% | 32.29% | 32.56% | 32.16% | 33.92% | 30.72% | 28.53% | 20.16% | 28.36% | 26.74% | 24.51% | 23.52% | 21.74% | 24.96% | 29.73% | 31.07% | 31.2% | 29.07% | 26.35% | 24.2% | 25.78% | 27.32% | 26.52% | 27.98% |
| Operating Income Growth % | - | 141.84% | 666.88% | -88.95% | -4.24% | 17.31% | -5.05% | -1.32% | 9.45% | 10.09% | -1.14% | 12.81% | 8.1% | 68.83% | -18.14% | 3.06% | 6.41% | 7.75% | 14.54% | -5.24% | -1% | 7.31% | 5.07% | 6.03% | 13.85% | 16.62% | 11.78% | 6.13% | 9.99% | 38.08% | 7.52% |
| Pretax Income | 233.52M | 224.86M | 92.98M | 12.12M | 109.71M | 114.57M | 97.67M | 102.86M | 104.24M | 95.24M | 86.52M | 87.51M | 77.58M | 71.76M | 42.51M | 51.92M | 50.38M | 47.34M | 43.94M | 38.36M | 40.48M | 40.89M | 38.11M | 36.27M | 34.21M | 30.05M | 25.76M | 23.05M | 21.72M | 19.75M | 14.3M |
| Pretax Margin % | 40.34% | 38.84% | 21.54% | 4% | 33.79% | 36.18% | 30.06% | 30.84% | 32.29% | 32.56% | 32.16% | 33.92% | 30.72% | 28.53% | 20.16% | 28.36% | 26.74% | 24.51% | 23.52% | 21.74% | 24.96% | 29.73% | 31.07% | 31.2% | 29.07% | 26.35% | 24.2% | 25.78% | 27.32% | 26.52% | 27.98% |
| Income Tax | 66.06M | 63.78M | 22M | 2.5M | 24.56M | 25.18M | 19.92M | 21.02M | 21.8M | 42.62M | 27.05M | 28.96M | 25.4M | 20.78M | 11.09M | 16.37M | 16.42M | 15.38M | 13.81M | 11.99M | 12.72M | 13.21M | 12.49M | 12.06M | 11.29M | 10.42M | 8.25M | 7.85M | 7.22M | 6.75M | 5.1M |
| Effective Tax Rate % | 28.29% | 28.37% | 23.67% | 20.58% | 22.38% | 21.98% | 20.4% | 20.43% | 20.92% | 44.75% | 31.26% | 33.09% | 32.75% | 28.95% | 26.09% | 31.53% | 32.59% | 32.49% | 31.43% | 31.26% | 31.41% | 32.3% | 32.78% | 33.26% | 33.01% | 34.68% | 32.03% | 34.05% | 33.23% | 34.2% | 35.66% |
| Net Income | 167.47M | 161.07M | 70.85M | 9.51M | 85.03M | 89.26M | 77.59M | 81.72M | 82.31M | 52.49M | 59.34M | 58.42M | 52.04M | 50.86M | 31.29M | 35.42M | 33.83M | 31.83M | 29.83M | 26.37M | 27.77M | 27.68M | 25.61M | 24.2M | 22.91M | 19.63M | 17.51M | 15.2M | 14.5M | 12.99M | 9.2M |
| Net Margin % | 28.93% | 27.82% | 16.41% | 3.13% | 26.18% | 28.19% | 23.88% | 24.5% | 25.5% | 17.94% | 22.06% | 22.64% | 20.61% | 20.22% | 14.84% | 19.35% | 17.96% | 16.48% | 15.97% | 14.94% | 17.12% | 20.13% | 20.88% | 20.82% | 19.47% | 17.21% | 16.45% | 17% | 18.25% | 17.45% | 18% |
| Net Income Growth % | 127.36% | 127.34% | 645.4% | -88.82% | -4.74% | 15.05% | -5.05% | -0.72% | 56.8% | -11.54% | 1.57% | 12.26% | 2.33% | 62.56% | -11.67% | 4.69% | 6.28% | 6.69% | 13.13% | -5.03% | 0.3% | 8.08% | 5.83% | 5.63% | 16.75% | 12.08% | 15.21% | 4.81% | 11.62% | 41.22% | 5.75% |
| Net Income (Continuing) | 167.47M | 161.07M | 70.97M | 9.63M | 85.16M | 89.39M | 77.74M | 81.84M | 82.44M | 52.62M | 59.47M | 58.55M | 52.17M | 50.99M | 31.42M | 35.55M | 33.96M | 31.96M | 30.13M | 26.37M | 27.77M | 27.68M | 25.61M | 24.2M | 22.91M | 19.63M | 17.51M | 15.2M | 14.5M | 12.99M | 9.2M |
| EPS (Diluted) | 11.69 | 11.24 | 4.97 | 0.66 | 5.89 | 6.05 | 5.20 | 5.37 | 5.35 | 3.43 | 3.91 | 3.87 | 3.48 | 3.46 | 2.43 | 3.20 | 3.11 | 2.69 | 2.53 | 2.45 | 2.53 | 2.29 | 2.11 | 2.19 | 2.07 | 1.79 | 1.67 | 1.45 | 1.37 | 0.63 | 0.60 |
| EPS Growth % | 127.04% | 126.16% | 653.03% | -88.79% | -2.64% | 16.35% | -3.17% | 0.37% | 55.98% | -12.28% | 1.03% | 11.21% | 0.58% | 42.39% | -24.06% | 2.89% | 15.61% | 6.32% | 3.27% | -3.16% | 10.48% | 8.53% | -3.65% | 5.8% | 15.64% | 7.19% | 15.17% | 5.84% | 117.46% | 5% | 7.14% |
| EPS (Basic) | - | 11.30 | 4.98 | 0.66 | 5.92 | 6.08 | 5.22 | 5.39 | 5.39 | 3.46 | 3.94 | 3.91 | 3.51 | 3.48 | 2.44 | 3.21 | 3.13 | 2.71 | 2.55 | 2.47 | 2.56 | 2.32 | 2.15 | 2.24 | 2.11 | 1.81 | 1.69 | 1.47 | 1.40 | 0.65 | 0.60 |
| Diluted Shares Outstanding | 14.33M | 14.34M | 14.27M | 14.3M | 14.4M | 14.65M | 14.74M | 14.97M | 15.13M | 15.07M | 14.94M | 14.86M | 14.79M | 14.57M | 12.84M | 11.04M | 10.86M | 11.83M | 10.72M | 10.76M | 10.99M | 12.09M | 12.13M | 11.03M | 11.07M | 10.97M | 10.47M | 10.5M | 7.12M | 7.09M | 7.32M |
Regional economic concentration
According to the provided quarterly data, Tompkins Financial Corporation demonstrated a consistent upward trajectory in net interest income, which grew from $50.7 million in 2024Q1 to $71.9 million by 2026Q1, reflecting a successful navigation of the prevailing interest rate environment and effective balance sheet deployment.
The steady quarter-over-quarter growth in NII suggests that the bank has successfully managed its deposit betas despite broader industry pressures on funding costs. This trend implies that the institution's core lending activities are benefiting from either volume expansion or favorable repricing of its loan portfolio.
As reported in financial statements, the efficiency ratio improved significantly from 51.0% in 2023Q4 to 41.7% in 2026Q1, indicating that Tompkins Financial is successfully achieving operating leverage by scaling its revenue base faster than its non-interest expense growth over the observed period.
The compression of the efficiency ratio suggests that the bank's high-touch service model is becoming more productive, potentially due to the integration of fee-based business lines that require less incremental overhead. Investors should monitor whether this trend persists as the bank balances its physical footprint with the need for digital transformation.
Based on the reported figures, non-interest income reached a notable peak of $125.8 million in 2025Q4, representing a significant shift in revenue composition that highlights the strategic importance of the bank's insurance and wealth management segments in stabilizing the overall income statement against interest rate volatility.
The variability in fee income, particularly the spike in 2025Q4, warrants further investigation into whether this was driven by recurring advisory fees or one-time contingent insurance commissions. This diversification appears to provide a critical buffer, allowing the firm to maintain profitability even when net interest margins remain compressed.
As indicated by the quarterly data, provision expenses for loan losses remained relatively contained, with a notable exception in 2025Q1 at $5.3 million, suggesting that the bank maintains a disciplined approach to credit risk management despite the inherent cyclicality of its regional commercial lending portfolio.
The relatively low provision levels relative to total revenue suggest that the bank's underwriting standards remain robust, though the 2025Q1 spike may indicate a proactive adjustment to CECL requirements. Continued monitoring of asset quality is essential to ensure that this conservative provisioning stance remains appropriate for the current economic climate.
Quick answers to the most common questions about buying TMP stock.
Tompkins Financial Corporation (TMP) is profitable, generating $161.1M in net income for the fiscal year ending 2025 with a net profit margin of 27.8%.
Tompkins Financial Corporation (TMP) reported an operating income of $224.9M, resulting in an operating profit margin of 38.8%. This margin reflects the operational efficiency of the business before interest and taxes.
Tompkins Financial Corporation (TMP) generated $435.1M in gross profit for the year, representing a gross profit margin of 75.1%. This demonstrates the company's core pricing power and production efficiency.