Tompkins Financial Reports 36.4% Increase in Q2 EPS and 36.9% Rise in Net Income

Reuters
07/25
<a href="https://laohu8.com/S/TMP">Tompkins Financial</a> Reports 36.4% Increase in <a href="https://laohu8.com/S/QTWO">Q2</a> EPS and 36.9% Rise in Net Income

Tompkins Financial Corporation (NYSE American: TMP) reported a strong financial performance for the second quarter of 2025, with significant improvements in key metrics. The company's diluted earnings per share increased to $1.50, marking a 9.5% rise from the previous quarter and a notable 36.4% increase from the $1.10 reported in the second quarter of 2024. Net income for the quarter reached $21.5 million, reflecting a 9.1% increase compared to the first quarter of 2025, and a substantial 36.9% growth compared to the same period last year. For the six months ended June 30, 2025, net income amounted to $41.2 million, up by $8.6 million or 26.4% from the $32.6 million reported for the same period in 2024. The diluted earnings per share for the six months improved to $2.87, a 25.3% increase from $2.29 in the previous year. The company noted significant growth in its business operations, with average loan growth of 7.5% and average deposit growth of 5.2% year-to-date. Total loans at the end of the second quarter were up $106.0 million or 1.8% from the previous quarter, and 7.1% from the prior year. Total deposits reached $6.7 billion, a 6.8% increase from June 30, 2024. Net interest margin improved to 3.08% for the second quarter, up from 2.98% in the first quarter of 2025, and significantly higher than the 2.73% reported for the second quarter of 2024. Noninterest income for the quarter was $22.5 million, up 3.4% from the previous year, driven by increases in insurance commissions and fees, and wealth management fees, although partially offset by a decline in card services income. Stephen Romaine, President and CEO of Tompkins, highlighted the company's continued positive momentum, attributing the growth to net interest margin expansion and overall business growth. The company remains committed to supporting local communities and building quality customer relationships.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tompkins Financial Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250725325937) on July 25, 2025, and is solely responsible for the information contained therein.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10