Tompkins Financial Corporation Reports First Quarter Financial Results
Tompkins Financial Corporation (TMP)
NASDAQ:AMEX Investor Relations:
tompkinsfinancial.com
Company Research
Source: Business Wire
ITHACA, N.Y.--(BUSINESS WIRE)--Tompkins Financial Corporation (NYSE American: TMP)Tompkins Financial Corporation ("Tompkins" or the "Company") reported diluted earnings per share of $1.18 for the first quarter of 2024, up 12.4% compared to the immediate prior quarter, and down 12.6% from diluted earnings per share of $1.35 reported in the first quarter of 2023.Net income for the first quarter of 2024 was $16.9 million, up 12.5% compared to the immediate prior quarter, and down 13.0% from the $19.4 million reported for the same period in 2023. The decrease in net income from the first quarter of 2023 was mainly a result of lower net interest income, driven by increased funding costs and increased provision for credit loss expense. Decreases in net income were partially offset by growth in fee-based revenues and lower operating expenses year-over-year.Tompkins President and CEO, Stephen Romaine, commented, "In the first quarter we saw positive earnings momentum and continue to be we
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TMP
Earnings
- 4/26/24 - Miss
TMP
Sec Filings
- 5/17/24 - Form 8-K
- 5/17/24 - Form 4
- 5/17/24 - Form 3
- TMP's page on the SEC website