$TMP

TOMPKINS FINANCIAL CORP

CIK:0001005817|SEC Filings

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
INTEREST AND DIVIDEND INCOME
Loans	$ 90,087	$ 82,293	$ 177,210	$ 160,923
Due from banks	193	187	359	362
Available-for-sale debt securities	13,896	9,311	27,598	18,040
Held-to-maturity debt securities	1,222	1,220	2,440	2,437
Federal Home Loan Bank and other stock	543	635	1,003	1,346
Total Interest and Dividend Income	105,941	93,646	208,610	183,108
INTEREST EXPENSE
Time certificates of deposits of $250,000 or more	4,192	4,140	8,670	8,647
Other deposits	22,338	23,339	43,869	45,482
Federal funds purchased and securities sold under agreements to repurchase	59	61	77	102
Other borrowings	5,369	5,976	10,150	12,085
Total Interest Expense	31,958	33,516	62,766	66,316
Net Interest Income	73,983	60,130	145,844	116,792
Less: Provision for credit loss expense	1,502	2,780	3,004	8,067
Net Interest Income After Provision for Credit Loss Expense	72,481	57,350	142,840	108,725
NONINTEREST INCOME
Insurance commissions and fees	0	9,609	0	21,208
Wealth management fees	5,229	4,964	10,495	10,083
Service charges on deposit accounts	1,816	1,790	3,611	3,595
Card services income	3,296	3,150	5,938	5,776
Other income	2,797	2,998	4,933	6,867
Net (loss) gain on securities transactions	(4)	1	(9)	15
Total Noninterest Income	13,134	22,512	24,968	47,544
NONINTEREST EXPENSE
Salaries and wages	22,955	26,368	44,903	51,345
Other employee benefits	5,875	7,162	12,682	14,262
Net occupancy expense of premises	3,296	3,108	6,751	6,678
Furniture and fixture expense	2,025	2,069	4,052	3,856
Other operating expense	12,915	12,916	26,404	26,089
Total Noninterest Expenses	47,066	51,623	94,792	102,230
Income before income tax expense	38,549	28,239	73,016	54,039
Income Tax Expense	9,245	6,768	17,638	12,889
Net Income	$ 29,304	$ 21,471	$ 55,378	$ 41,150
Basic Earnings Per Share (in dollars per share)	$ 2.06	$ 1.51	$ 3.89	$ 2.89
Diluted Earnings Per Share (in dollars per share)	$ 2.04	$ 1.50	$ 3.86	$ 2.87

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
OPERATING ACTIVITIES
Net Income	$ 55,378	$ 41,150
Adjustments to reconcile net income to cash provided by (used in) operating activities:
Provision for credit loss expense	3,004	8,067
Depreciation and amortization of premises, equipment, and software	4,627	4,253
Amortization of intangible assets	0	168
Earnings from corporate owned life insurance	(1,187)	(1,393)
Net amortization on securities	(5,846)	(1,071)
Amortization/accretion related to purchase accounting	(119)	(127)
Current year tax liability	(36,843)	(986)
Net (gain) loss on securities transactions	9	(15)
Net gain on sale of loans originated for sale	(1,457)	(1,045)
Proceeds from sale of loans originated for sale	44,691	35,630
(Increase)/decrease in loans originated for sale	(42,005)	(35,225)
(Increase)/decrease in loans held for sale	43,569	0
Net gain on sale of bank premises and equipment	(66)	15
Stock-based compensation expense	1,889	1,915
Increase in accrued interest receivable	(1,743)	(1,781)
Increase in accrued interest payable	361	387
Other, net	(5,933)	(9,756)
Net Cash Provided by Operating Activities	58,329	40,186
INVESTING ACTIVITIES
Proceeds from maturities, calls and principal paydowns of available-for-sale debt securities	95,366	119,492
Purchases of available-for-sale debt securities	(118,063)	(131,408)
Net increase in loans	(153,951)	(170,255)
Proceeds from sale/redemptions of Federal Home Loan Bank stock	61,840	63,342
Purchases of Federal Home Loan Bank and other stock	(61,575)	(58,216)
Proceeds from sale of bank premises and equipment	99	31
Purchases of bank premises, equipment and software	(4,345)	(2,022)
Purchase of corporate owned life insurance	(2)	0
Proceeds from redemption of corporate owned life insurance	0	1,006
Proceeds from sale of other real estate owned	0	16,130
Net Cash (Used in) Provided by Investing Activities	(180,631)	(161,900)
FINANCING ACTIVITIES
Net increase in demand, money market, and savings deposits	84,211	86,424
Net (decrease) increase in time deposits	7,254	157,689
Net increase in Federal funds purchased and securities sold under agreements to repurchase	86,141	90,075
Increase in other borrowings	206,112	276,776
Repayment of other borrowings	(224,200)	(394,327)
Cash dividends	(19,159)	(17,690)
Treasury stock issued	85	58
Repurchase of common stock	(2,780)	0
Net shares issued related to restricted stock awards	(405)	(121)
Net proceeds from exercise of stock options	(9)	(3)
Net Cash Provided by (Used in) Financing Activities	137,250	198,881
Net Increase in Cash and Cash Equivalents	14,948	77,167
Cash and cash equivalents, beginning of the period	132,817	134,398
Total Cash and Cash Equivalents at End of Period	147,765	212,551
Supplemental Information:
Cash paid during the year for - Interest	62,521	66,051
Cash paid during the year for - Taxes	54,350	13,755
Transfer of loans to other real estate owned	154	0
Transfer of loans to other assets	0	12,674
Right-of-use assets obtained in exchange for new lease liabilities	$ 16	$ 1,724

CONSOLIDATED STATEMENTS OF CONDITION - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash and noninterest bearing balances due from banks	$ 71,691	$ 50,717
Interest bearing balances due from banks	76,074	82,100
Cash and Cash Equivalents	147,765	132,817
Available-for-sale debt securities, at fair value (amortized cost of $1,419,889 at June 30, 2026 and $1,391,379 at December 31, 2025)	1,393,061	1,382,068
Held-to-maturity debt securities, at amortized cost (fair value of $281,495 at June 30, 2026 and $283,860 December 31, 2025)	312,562	312,528
Equity securities, at fair value	791	800
Loans held for sale	129	43,440
Total loans and leases, net of unearned income and deferred costs and fees	6,597,178	6,446,245
Less: Allowance for credit losses	58,479	57,671
Net Loans and Leases	6,538,699	6,388,574
Federal Home Loan Bank and other stock	32,041	32,307
Bank premises and equipment, net	71,242	72,418
Corporate owned life insurance	79,032	77,843
Goodwill	72,736	72,736
Accrued interest and other assets	153,464	152,737
Total Assets	8,801,522	8,668,268
Interest bearing:
Checking, savings and money market	3,793,249	3,742,402
Time	1,305,531	1,298,393
Noninterest bearing	1,930,331	1,896,967
Total Deposits	7,029,111	6,937,762
Federal funds purchased and securities sold under agreements to repurchase	181,710	95,569
Other borrowings	546,358	564,446
Other liabilities	84,411	132,114
Total Liabilities	7,841,590	7,729,891
Shareholders' equity:
Common Stock - par value $0.10 per share: Authorized 25,000,000 shares; Issued: 14,410,189 at June 30, 2026; and 14,449,845 at December 31, 2025	1,442	1,446
Additional paid-in capital	296,831	299,206
Retained earnings	698,243	662,161
Accumulated other comprehensive loss	(32,056)	(19,054)
Treasury stock, at cost – 90,521 shares at June 30, 2026, and 104,492 shares at December 31, 2025	(4,528)	(5,382)
Total Equity	959,932	938,377
Total Liabilities and Equity	$ 8,801,522	$ 8,668,268