Tompkins Financial Corporation Reports First Quarter Financial Results [Yahoo! Finance]
Tompkins Financial Corporation (TMP)
NASDAQ:AMEX Investor Relations:
tompkinsfinancial.com
Company Research
Source: Yahoo! Finance
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 well positioned with strong capital and liquidity. For the quarter we saw continu
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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