TMP

Tompkins Financial has delivered strong share price gains in recent years, which puts a spotlight on whether the current valuation is supported by the returns it earns on its capital. After a move like this, investors naturally start asking if the quality of those reinvested dollars matches the enthusiasm in the share price. - The stock is up 118.7% over the past 3 years, which raises the question of whether the underlying return on capital is high enough to warrant that kind of re-rating. - Recent earnings strength and a higher dividend can support the case that Tompkins Financial is generating capital returns that may justify reinvestment at scale. - Prefer to judge Tompkins Financial on earnings? See why Tompkins Financial's 8.1x P/E tells a different valuation story. The issue now is whether the returns Tompkins Financial earns on its capital are strong enough to make today's share price look well grounded in its underlying economics. If you want more context on whether Tompkins Financial's recent 118.7% three year return looks reasonable, compare it with other 30 high quality undervalued stocks The Excess Returns model looks at how much profit Tompkins Financial can earn above its cost of equity on each dollar of book value. Here, the business is assumed to generate stable earnings of $7.30 per share off a book value base of $65.48 per share, which works out to an average return on equity of 9.95%. With the equity cost set at $5.31 per share, the implied excess return of $1.99 per share suggests value is coming from earning more than investors are assumed to require. The model also assumes book value trends toward $73.43 per share over time, based on estimates from two analysts. This supports a picture of steady compounding rather than a one off surge. Because the Excess Returns projections put Tompkins Financial's estimated intrinsic value meaningfully above the current share price of $101.64, the stock screens as undervalued on this framework. The reported Q3 2026 earnings and dividend increase are used within the model to characterize the underlying economics as supportive of reinvestment at the current price level. Find out what Tompkins Financial could be worth using our Excess Returns estimate. Tompkins Financial's Simply Wall St Narratives pick up where the valuation puzzle leaves off and explain which paths for growth, profitability and earnings would need to unfold for the stock to be worth meaningfully more or less than today's price. Each Narrative ties a specific fair value to one clear storyline about potential catalysts and key risks, so you can track over time which version of Tompkins Financial's future is taking shape on the Community page. A clear, written narrative on Tompkins Financial gives you a single, number driven view of what needs to happen next for earnings, dividends and capital returns to keep supporting today's valuation. With the recent profit performance and dividend boost now on the table, putting those assumptions in writing makes it easier to test over time whether Tompkins Financial's actual results are tracking the expectations you have in mind. Share your own Narrative for Tompkins Financial and set out the assumptions behind your valuation. Before you get too comfortable with the numbers, it is worth asking who is actually steering Tompkins Financial and how their pay packets line up with your interests. See who runs Tompkins Financial and how they are paid. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TMP. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Tompkins Financial stock barely budged after its Q3 2026 earnings release, ticking up about 0.4% to just above US$101. For a regional bank posting basic earnings per share of roughly US$2.01 and a net interest margin of 3.65%, that muted reaction suggests traders saw nothing shocking in the headline print. Longer term investors are focusing on something different. A trailing P/E near 8x and a business generating a 40.2% net profit margin over the past year highlight valuation, rather than quarter to quarter noise, as the main story. Like the combination of a 3.65% net interest margin and a 40.2% net profit margin at Tompkins Financial but want a wider set of banks and lenders with strong balance sheets to compare it against? Scan a curated group of resilient financial stocks in our list of solid balance sheet and fundamentals stocks (24 results) - Total Revenue (Q3 2026 vs. Q3 2025): US$86.841 million vs. US$84.952 million (steady year on year, with a modest uptick in the top line) - Net Income (Excl. Extra Items, Q3 2026 vs. Q3 2025): US$28.654 million vs. US$23.673 million (up about 21%, indicating stronger profitability) - Basic EPS (Q3 2026 vs. Q3 2025): US$2.01 vs. US$1.66 (around 21% higher, reflecting improved earnings per share for Tompkins Financial shareholders) - Net Interest Margin, or NIM (Q3 2026 vs. Q3 2025): 3.65% vs. 3.20% (meaningfully higher, indicating a better spread between lending yields and funding costs) Ask Charlie what makes Tompkins Financial look undervalued now. Tompkins Financial looks like the steady regional lender the optimistic narrative describes. Revenue is higher than a year ago and net income excluding extra items has moved up faster, helped by a wider 3.65% net interest margin. Earnings per share rising in step with that improvement points to a business model that is translating better spreads into bottom line power. The board's decision to approve a higher quarterly dividend adds another supporting signal, since boards usually raise cash payouts when they see the earnings base as solid enough to support it. On the risk side, the data so far does not flag an immediate crack in the regional bank story. Capital ratios are described as comfortably above regulatory floors, which helps when investors worry about sector shocks. Recent share price moves have been modest over 7, 30 and 90 days, hinting at tempered expectations rather than euphoria. That kind of muted reaction can cut both ways. It keeps pressure on Tompkins Financial to keep margins and credit quality steady, but it also suggests the latest quarter did not reinforce worst case fears. Net interest margin strength can mask brewing issues in credit quality or funding costs. Review the full independent risk analysis for Tompkins Financial which shows 1 important warning sign and see whether Tompkins Financial's current profile hints at deeper structural pressure points that do not show up in headline ratios. Tompkins Financial just reported earnings that showed stability in its results without a large movement in the share price. The real opportunity could be identifying stocks that appear undervalued before any pricing gap potentially closes. - Company 1 - 40% below our estimate - scales branded and private label coconut drinks as shoppers favor simpler ingredients and perceived healthier hydration choices. - Company 2 - 21% below our estimate - builds electrical and communications infrastructure that large data center operators require before activating and using new capacity. - Company 3 - 32% below our estimate - grows a single financial app that combines credit, payments, investing and shopping to deepen and extend customer engagement. That is three of the list. See the full list of 29 companies trading below our fair value estimates → This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TMP. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

ITHACA, N.Y., October 23, 2026--(BUSINESS WIRE)--Tompkins Financial Corporation (NYSE American: TMP) Tompkins Financial Corporation ("Tompkins" or the "Company") reported diluted earnings per share of $2.00 for the third quarter of 2026, up $0.35 or 21.2%, from the third quarter of 2025 and down $0.04 per share or 2.0%, from the second quarter of 2026. Net income for the third quarter of 2026 was $28.7 million, an increase of $5.0 million, or 21.0%, from the third quarter of 2025 and down $650,000, or 2.2%, from the prior quarter. For the nine months ended September 30, 2026, diluted earnings per share were $5.86, up $1.34 or 29.6%, from $4.52 for the same period in 2025. Net income for the year-to-date period totaled $84.0 million, up $19.2 million, or 29.6%, from $64.8 million for the nine months ended September 30, 2025. Tompkins President and CEO, Stephen Romaine, commented, "We are pleased to report strong financial results for the third quarter. Our consistent levels of loan and deposit growth along with further expansion in net interest margin continue to provide momentum as we look forward. Given our strength in earnings and capital position we have approved another dividend increase, payable in the fourth quarter of 2026. This dividend represents a 13.8% increase compared to the dividend paid in the fourth quarter of 2025." SELECTED HIGHLIGHTS FOR THE PERIOD: - Net interest margin was 3.65% in the third quarter of 2026, up 7 basis points compared to the prior quarter, and up 45 basis points from the third quarter of 2025. - Period end total loans at September 30, 2026 were up $127.8 million, or 1.9% compared to June 30, 2026 (7.8% on an annualized basis), and up $436.9 million, or 6.9%, from September 30, 2025. - Period end total deposits at September 30, 2026 were $7.4 billion, up $379.9 million, or 5.4% compared to the most recent prior quarter end, and up $356.0 million, or 5.0%, from September 30, 2025. - Total average cost of funds of 1.67% for the third quarter of 2026 was down 1 basis point from the second quarter of 2026, and down 16 basis points compared to the third quarter of 2025. - Regulatory Tier 1 capital to average assets was 10.73% at September 30, 2026, up from 10.69% at June 30, 2026, and 9.41% at September 30, 2025. NET INTEREST INCOME Net interest income was $77.3 million for the third quarter of 2026, up $3.3 million or 4.5% compared to the second quarter of 2026, and up $13.4 million or 21.0% compared to the third quarter of 2025. For the nine months ended September 30, 2026, net interest income was $223.1 million, up $42.5 million or 23.5% when compared to the same period in 2025. The increase in net interest income compared to both prior year periods was due to improvement in net interest margin and growth in average loans. Net interest margin was 3.65% for the third quarter of 2026, an increase of 7 basis points over the prior quarter, and an increase of 45 basis points compared to 3.20% for the third quarter of 2025. The increase in net interest margin, when compared to the most recent prior quarter, was primarily driven by higher yields on average interest-earning assets and growth in average loan balances. The year-over-year increase was primarily attributable to growth in average loan balances, improved yields on average interest-earning assets, and lower funding costs. The average yield on securities for the third quarter of 2026 increased 95 basis points over the third quarter of 2025, while the average yield on interest-earning assets increased 28 basis points over the same period. Average loans for the quarter ended September 30, 2026 increased $119.1 million, or 1.8% (7.3% annualized), from the prior quarter and $428.0 million, or 6.9%, over the third quarter of 2025. The increase in average loans across both prior periods was primarily driven by growth in the commercial real estate and commercial and industrial portfolios. The average yield on total loans and leases was 5.60% for the third quarter of 2026, up 5 basis points from the prior quarter and up 8 basis points from the third quarter of 2025. Average total deposits of $7.2 billion for the third quarter of 2026 increased $180.8 million, or 2.6%, over the second quarter of 2026 and $361.4 million, or 5.3%, over the third quarter of 2025. The cost of interest-bearing deposits of 2.10% for the third quarter of 2026 was up 3 basis points from the prior quarter and down 16 basis points compared to the third quarter of 2025. Average noninterest-bearing deposits totaled $2.0 billion, increasing $90.5 million, or 4.8%, over the second quarter of 2026, and $89.2 million or 4.7%, over the third quarter of 2025. The ratio of average noninterest-bearing deposits to average total deposits was 27.5% for the third quarter of 2026, up from 26.9% for the second quarter of 2026, and consistent with 27.7% for the third quarter of 2025. The average cost of interest-bearing liabilities was 2.24% for the third quarter of 2026, unchanged from the prior quarter, and down 21 basis points compared to the third quarter of 2025. NONINTEREST INCOME Noninterest income totaled $12.6 million for the third quarter of 2026, down $11.0 million, or 46.7%, from the third quarter of 2025. The decrease was primarily attributable to an $11.3 million decline in insurance revenue resulting from the sale of our insurance subsidiary, Tompkins Insurance Agencies, Inc. ("TIA"), in the fourth quarter of 2025. Partially offsetting this decline were increases in fee-based service income, including increases in wealth management fees of $337,000 or 6.8%, service charges on deposit accounts of $164,000 or 8.9%, and card service income of $74,000 or 2.6%. Year-to-date noninterest income of $37.5 million was down $33.6 million, or 47.2%, from the same period in 2025. Contributing to the year-over-year decrease was a $32.5 million decline in insurance revenue due to the sale of TIA, as well as a $2.2 million, or 23.2%, decrease in other income, primarily reflecting a gain on the sale of other real estate owned recognized in the second quarter of 2025. Partially offsetting these declines were increases in fee-based service income, including increases in wealth management fees of $749,000 or 5.0%, service charges on deposit accounts of $180,000 or 3.3%, and card service income of $236,000 or 2.7%. NONINTEREST EXPENSE Noninterest expense totaled $49.1 million for the third quarter of 2026, down $4.8 million, or 8.8%, from the third quarter of 2025. For the nine months ended September 30, 2026, noninterest expense totaled $143.9 million, down $12.2 million, or 7.8%, from the same period in 2025. The decrease in noninterest expense for both periods was primarily attributable to the sale of TIA in the fourth quarter of 2025. The third quarter and year-to-date periods in 2025 included TIA-related salaries and wages and other employee benefits expenses of $6.1 million and $18.2 million, respectively, as well as other noninterest expenses of $1.4 million and $4.3 million, respectively. As a result, salaries and wages and other employee benefits decreased $3.8 million, or 11.3%, and $11.8 million, or 11.9%, respectively, for the three and nine months ended September 30, 2026, respectively, compared to the same periods in the prior year. These decreases were partially offset by annual merit increases and higher other employee benefit costs, including health insurance, as well as increases in technology expense. INCOME TAX EXPENSE Provision for income tax expense was $9.1 million, for an effective rate of 24.1%, for the third quarter of 2026, compared to $9.2 million, for an effective rate of 24.0%, for the most recent prior quarter, and $7.4 million, for an effective rate of 23.9% for the third quarter of 2025. For the nine months ended September 30, 2026, provision for income tax expense was $26.7 million, for an effective tax rate of 24.1%, compared to $20.3 million for an effective tax rate of 23.9%, for the same period in 2025. ASSET QUALITY The allowance for credit losses was 0.90% of total loans and leases at September 30, 2026, up from 0.89% at June 30, 2026, and down from 0.95% at September 30, 2025. The decrease in the allowance for credit losses coverage ratio compared to September 30, 2025 was mainly due to improved economic forecasts for unemployment and gross domestic product and lower qualitative reserves related to asset quality. These were partially offset by additional specific reserves on individually analyzed nonaccrual commercial credits. The ratio of the allowance to total nonperforming loans and leases was 113.12% at September 30, 2026, compared to 111.29% at June 30, 2026, and 113.06% at September 30, 2025. Provision for credit losses for the third quarter of 2026 was $3.0 million, up from $1.5 million for the most recent prior quarter, and up from $2.5 million for the third quarter of 2025. The increase in the provision expense compared to the most recent prior quarter was mainly driven by loan growth and specific reserves for individually evaluated loans, partially offset by updated economic forecasts. Net charge-offs for the three months ended September 30, 2026 were $1.2 million, compared to $1.6 million for the second quarter of 2026, and $1.1 million for the third quarter of 2025. Nonperforming assets of $53.8 million represented 0.60% of total assets at September 30, 2026, compared to $52.9 million or 0.60% of total assets at June 30, 2026, and $53.0 million or 0.63% of total assets at September 30, 2025. Loans past due 30-89 days totaled $6.7 million at September 30, 2026, $4.7 million at June 30, 2026, and $7.8 million at September 30, 2025. Special Mention and Substandard loans and leases totaled $151.1 million at September 30, 2026, compared to $140.0 million reported at June 30, 2026, and $144.2 million at September 30, 2025. Special Mention loans increased $6.8 million and Substandard loans increased by $4.3 million from the prior quarter end. These increases were primarily attributable to two commercial real estate relationships, including the downgrade of a $12.7 million credit to Special Mention and the migration of an existing $4.6 million Special Mention credit to Substandard. Management believes that the collateral securing these credits remains sufficient to mitigate potential loss exposure. CAPITAL POSITION Capital ratios at September 30, 2026 remained well above the regulatory minimums for well-capitalized institutions. The ratio of total capital to risk-weighted assets was 14.89% at September 30, 2026, unchanged compared to June 30, 2026, and increased compared to 13.27% at September 30, 2025. The ratio of Tier 1 capital to average assets was 10.73% at September 30, 2026, compared to 10.69% at June 30, 2026, and 9.41% at September 30, 2025. The Company repurchased 18,118 shares of common stock at an aggregate cost of $1.8 million during the third quarter of 2026 and repurchased a total of 53,636 shares of common stock at an aggregate cost of $4.5 million during the year-to-date period ending September 30, 2026. All of these shares were purchased under the Company's 2025 Stock Repurchase Plan. LIQUIDITY POSITION The Company's liquidity position at September 30, 2026 was consistent with its position at June 30, 2026. The Company's sources of liquidity include ready access to national and regional wholesale funding sources including Federal funds purchased, repurchase agreements, brokered deposits, Federal Reserve Bank's Discount Window advances and Federal Home Loan Bank (FHLB) advances. The Company maintained ready access to liquidity of $1.5 billion, or 17.1% of total assets, at September 30, 2026. ABOUT TOMPKINS FINANCIAL CORPORATION Tompkins Financial Corporation is a banking and financial services company serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. Headquartered in Ithaca, NY, Tompkins Financial is parent to Tompkins Bank & Trust, which offers a full array of products and services, including commercial and consumer banking. Tompkins Bank & Trust provides wealth management services under the Tompkins Financial Advisors brand, including investment management, trust and estate, financial and tax planning services. For more information on Tompkins Financial, visit www.tompkinsfinancial.com. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The statements contained in this press release that are not statements of historical fact may include forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements may be identified by use of such words as "may", "could", "should", "will", "would", "estimate", "intend", "continue", "believe", "expect", "plan", "commit", or "anticipate", as well as the negative and other variations of these terms and other similar words. Examples of forward-looking statements may include statements regarding the sufficiency of existing collateral to cover exposure related to special mention and substandard loans. Forward-looking statements are made based on management's expectations and beliefs concerning future events impacting the Company and are subject to uncertainties and factors relating to the Company's operations and economic environment, all of which are difficult to predict and many of which are beyond the control of the Company, that could cause actual results of the Company to differ materially from those expressed and/or implied by forward-looking statements and historical performance. The following factors, in addition to those listed as Risk Factors in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025 as filed with the Securities and Exchange Commission, are among those that could cause actual results to differ materially from the forward-looking statements and historical performance: changes in general economic, market and regulatory conditions; our ability to attract and retain deposits and other sources of liquidity; gross domestic product growth and inflation trends; the impact of the interest rate and inflationary environment on the Company's business, financial condition and results of operations; other income or cash flow anticipated from the Company's operations, investment and/or lending activities; changes in laws and regulations affecting public companies, banks, bank holding companies and/or financial holding companies, including the Dodd-Frank Act, and other federal, state and local government mandates; the impact of any change in the FDIC insurance assessment rate or the rules and regulations related to the calculation of the FDIC insurance assessment amount; changes in supervisory and regulatory scrutiny of financial institutions; technological developments and changes; cybersecurity incidents and threats; the ability to continue to introduce competitive new products and services on a timely, cost-effective basis; governmental and public policy changes, including environmental regulation; reliance on large customers; the geographic concentration of our business; the ability to access financial resources in the amounts, at the times, and on the terms required to support the Company's future businesses; and the economic impact, including market volatility, of national and global events, including the response to bank failures, war and geopolitical matters (including continuing or increasing hostilities in the Middle East and the war in Ukraine), tariffs and trade wars, widespread protests, civil unrest, political uncertainty, and pandemics or other public health crises; and the related financial stress on borrowers and changes to customer behavior and credit risk as a result of any of the foregoing. The Company does not undertake any obligation to update its forward-looking statements. TOMPKINS FINANCIAL CORPORATION CONSOLIDATED STATEMENTS OF CONDITION (In thousands, except share and per share data)(unaudited) | As of | As of ASSETS | 9/30/2026 | 12/31/2025 | | (Audited) | | Cash and noninterest bearing balances due from banks | $ | 81,779 | | $ | 50,717 | Interest bearing balances due from banks | | 160,372 | | | 82,100 | Cash and Cash Equivalents | | 242,151 | | | 132,817 | | | Available-for-sale debt securities, at fair value (amortized cost of $1,419,705 at September 30, 2026 and $1,391,379 at December 31, 2025) | | 1,337,945 | | | 1,382,068 | Held-to-maturity debt securities, at amortized cost (fair value of $274,121 at September 30, 2026 and $283,860 at December 31, 2025) | | 312,581 | | | 312,528 | Equity securities, at fair value | | 749 | | | 800 | Loans held for sale | | 0 | | | 43,440 | Total loans and leases, net of unearned income and deferred costs and fees | | 6,724,973 | | | 6,446,245 | Less: Allowance for credit losses | | 60,455 | | | 57,671 | Net Loans and Leases | | 6,664,518 | | | 6,388,574 | | | Federal Home Loan Bank and other stock | | 26,508 | | | 32,307 | Bank premises and equipment, net | | 70,213 | | | 72,418 | Corporate owned life insurance | | 79,559 | | | 77,843 | Goodwill | | 72,736 | | | 72,736 | Accrued interest and other assets | | 171,557 | | | 152,737 | Total Assets | $ | 8,978,517 | | $ | 8,668,268 | LIABILITIES | | Deposits: | | Interest bearing: | | Checking, savings and money market | | 4,182,542 | | | 3,742,402 | Time | | 1,252,938 | | | 1,298,393 | Noninterest bearing | | 1,973,556 | | | 1,896,967 | Total Deposits | | 7,409,036 | | | 6,937,762 | | | Federal funds purchased and securities sold under agreements to repurchase | | 133,854 | | | 95,569 | Other borrowings | | 406,712 | | | 564,446 | Other liabilities | | 92,535 | | | 132,114 | Total Liabilities | $ | 8,042,137 | | $ | 7,729,891 | EQUITY | | Shareholders' equity: | | Common Stock - par value $0.10 per share: Authorized 25,000,000 shares; Issued: 14,391,116 at September 30, 2026; and 14,449,845 at December 31, 2025 | | 1,440 | | | 1,446 | Additional paid-in capital | | 295,991 | | | 299,206 | Retained earnings | | 716,829 | | | 662,161 | Accumulated other comprehensive loss | | (73,187 | ) | | (19,054 | ) Treasury stock, at cost – 91,740 shares at September 30, 2026, and 104,492 shares at December 31, 2025 | | (4,693 | ) | | (5,382 | ) Total Equity | $ | 936,380 | | $ | 938,377 | Total Liabilities and Equity | $ | 8,978,517 | | $ | 8,668,268 | TOMPKINS FINANCIAL CORPORATION CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share data) (Unaudited) | | Three Months Ended | | Nine Months Ended | | 9/30/2026 | | 06/30/2026 | | 9/30/2025 | | 9/30/2026 | | 9/30/2025 INTEREST AND DIVIDEND INCOME | | | | | | | | | | Loans | | $ | 93,706 | | | $ | 90,087 | | | $ | 86,309 | | $ | 270,916 | | | $ | 247,232 Due from banks | | | 142 | | | | 193 | | | | 187 | | | 501 | | | | 549 Available-for-sale debt securities | | | 14,201 | | | | 13,896 | | | | 9,738 | | | 41,799 | | | | 27,778 Held-to-maturity debt securities | | | 1,225 | | | | 1,222 | | | | 1,224 | | | 3,665 | | | | 3,661 Federal Home Loan Bank and other stock | | | 535 | | | | 543 | | | | 598 | | | 1,538 | | | | 1,944 Total Interest and Dividend Income | | | 109,809 | | | $ | 105,941 | | | $ | 98,056 | | $ | 318,419 | | | $ | 281,164 INTEREST EXPENSE | | | | | | | | | | Time certificates of deposits of $250,000 or more | | | 4,006 | | | | 4,192 | | | | 4,063 | | | 12,676 | | | | 12,710 Other deposits | | | 23,690 | | | | 22,338 | | | | 24,210 | | | 67,559 | | | | 69,692 Federal funds purchased and securities sold under agreements to repurchase | | | 43 | | | | 59 | | | | 23 | | | 120 | | | | 125 Other borrowings | | | 4,769 | | | | 5,369 | | | | 5,882 | | | 14,919 | | | | 17,967 Total Interest Expense | | | 32,508 | | | | 31,958 | | | | 34,178 | | | 95,274 | | | | 100,494 Net Interest Income | | | 77,301 | | | | 73,983 | | | | 63,878 | | | 223,145 | | | | 180,670 Less: Provision for credit loss expense | | | 3,012 | | | | 1,502 | | | | 2,490 | | | 6,016 | | | | 10,557 Net Interest Income After Provision for Credit Loss Expense | | | 74,289 | | | | 72,481 | | | | 61,388 | | | 217,129 | | | | 170,113 NONINTEREST INCOME | | | | | | | | | | Insurance commissions and fees | | | 0 | | | | 0 | | | | 11,282 | | | 0 | | | | 32,490 Wealth management fees | | | 5,316 | | | | 5,229 | | | | 4,979 | | | 15,811 | | | | 15,062 Service charges on deposit accounts | | | 2,008 | | | | 1,816 | | | | 1,844 | | | 5,619 | | | | 5,439 Card services income | | | 2,965 | | | | 3,296 | | | | 2,891 | | | 8,903 | | | | 8,667 Other income | | | 2,305 | | | | 2,797 | | | | 2,557 | | | 7,238 | | | | 9,424 Net (loss) gain on securities transactions | | | (42 | ) | | | (4 | ) | | | 11 | | | (51 | ) | | | 26 Total Noninterest Income | | | 12,552 | | | | 13,134 | | | | 23,564 | | | 37,520 | | | | 71,108 NONINTEREST EXPENSE | | | | | | | | | | Salaries and wages | | | 23,731 | | | | 22,955 | | | | 27,581 | | | 68,634 | | | | 78,926 Other employee benefits | | | 6,121 | | | | 5,875 | | | | 6,073 | | | 18,803 | | | | 20,335 Net occupancy expense of premises | | | 2,943 | | | | 3,296 | | | | 3,173 | | | 9,694 | | | | 9,851 Furniture and fixture expense | | | 2,006 | | | | 2,025 | | | | 1,825 | | | 6,058 | | | | 5,681 Other operating expense | | | 14,285 | | | | 12,915 | | | | 15,195 | | | 40,689 | | | | 41,284 Total Noninterest Expenses | | | 49,086 | | | | 47,066 | | | | 53,847 | | | 143,878 | | | | 156,077 Income Before Income Tax Expense | | | 37,755 | | | | 38,549 | | | | 31,105 | | | 110,771 | | | | 85,144 Income Tax Expense | | | 9,101 | | | | 9,245 | | | | 7,432 | | | 26,739 | | | | 20,321 Net Income | | $ | 28,654 | | | | 29,304 | | | | 23,673 | | | 84,032 | | | | 64,823 Basic Earnings Per Share | | $ | 2.01 | | | $ | 2.06 | | | $ | 1.66 | | $ | 5.90 | | | $ | 4.55 Diluted Earnings Per Share | | $ | 2.00 | | | $ | 2.04 | | | $ | 1.65 | | $ | 5.86 | | | $ | 4.52 Average Consolidated Statements of Condition and Net Interest Analysis (Unaudited) | | | | Quarter Ended | Quarter Ended | Quarter Ended | September 30, 2026 | June 30, 2026 | September 30, 2025 (dollar amounts in thousands) | AverageBalance(QTD) | Interest | AverageYield/Rate | AverageBalance(QTD) | Interest | AverageYield/Rate | AverageBalance(QTD) | Interest | AverageYield/Rate ASSETS | | | | | | | | | Interest-earning assets | | | | | | | | | Interest-bearing balances due from banks | $ | 16,483 | $ | 142 | | 3.42 | % | $ | 17,416 | $ | 192 | | 4.42 | % | $ | 18,474 | $ | 187 | | 4.02 | % Securities1 | | | | | | | | | U.S. Government securities | | 1,662,045 | | 14,936 | | 3.56 | % | | 1,650,865 | | 14,640 | | 3.56 | % | | 1,616,048 | | 10,466 | | 2.57 | % State and municipal2 | | 80,410 | | 541 | | 2.67 | % | | 79,748 | | 526 | | 2.65 | % | | 82,462 | | 541 | | 2.60 | % Other Securities2 | | 3,281 | | 51 | | 6.17 | % | | 3,293 | | 50 | | 6.09 | % | | 3,283 | | 54 | | 6.52 | % Total securities | | 1,745,736 | | 15,528 | | 3.53 | % | | 1,733,906 | | 15,216 | | 3.52 | % | | 1,701,793 | | 11,061 | | 2.58 | % FHLBNY and FRB stock | | 29,516 | | 535 | | 7.19 | % | | 32,128 | | 543 | | 6.78 | % | | 31,023 | | 598 | | 7.65 | % Total loans and leases, net of unearned income2,3 | | 6,644,377 | | 93,882 | | 5.60 | % | | 6,525,286 | | 90,243 | | 5.55 | % | | 6,216,384 | | 86,522 | | 5.52 | % Total interest-earning assets | | 8,436,112 | | 110,087 | | 5.18 | % | | 8,308,736 | | 106,194 | | 5.13 | % | | 7,967,674 | | 98,368 | | 4.90 | % Other assets | | 341,862 | | | | 352,338 | | | | 329,774 | | Total assets | $ | 8,777,974 | | | $ | 8,661,074 | | | $ | 8,297,448 | | LIABILITIES & EQUITY | | | | | | | | | Deposits | | | | | | | | | Interest-bearing deposits | | | | | | | | | Interest bearing checking, savings, & money market | $ | 3,947,302 | $ | 17,602 | | 1.77 | % | $ | 3,855,494 | $ | 16,359 | | 1.70 | % | $ | 3,724,882 | $ | 17,306 | | 1.84 | % Time deposits | | 1,278,614 | | 10,094 | | 3.13 | % | | 1,280,086 | | 10,171 | | 3.19 | % | | 1,228,830 | | 10,967 | | 3.54 | % Total interest-bearing deposits | | 5,225,916 | | 27,696 | | 2.10 | % | | 5,135,580 | | 26,530 | | 2.07 | % | | 4,953,712 | | 28,273 | | 2.26 | % Federal funds purchased & securities sold under agreements to repurchase | | 35,217 | | 43 | | 0.48 | % | | 40,636 | | 59 | | 0.58 | % | | 41,524 | | 23 | | 0.22 | % Other borrowings | | 484,057 | | 4,769 | | 3.91 | % | | 550,041 | | 5,369 | | 3.92 | % | | 535,327 | | 5,882 | | 4.36 | % Total interest-bearing liabilities | | 5,745,190 | | 32,508 | | 2.24 | % | | 5,726,257 | | 31,958 | | 2.24 | % | | 5,530,563 | | 34,178 | | 2.45 | % Noninterest bearing deposits | | 1,982,062 | | | | 1,891,560 | | | | 1,892,896 | | Accrued expenses and other liabilities | | 91,062 | | | | 89,540 | | | | 102,462 | | Total liabilities | | 7,818,314 | | | | 7,707,357 | | | | 7,525,921 | | Total equity | | 959,660 | | | | 953,717 | | | | 771,527 | | Total liabilities and equity | $ | 8,777,974 | | | $ | 8,661,074 | | | $ | 8,297,448 | | Interest rate spread | | | 2.93 | % | | | 2.89 | % | | | 2.45 | % Tax-equivalent net interest income/margin on earning assets | | | 77,579 | | 3.65 | % | | | 74,236 | | 3.58 | % | | | 64,190 | | 3.20 | % Tax-equivalent adjustment | | | (278 | ) | | | | (253 | ) | | | | (312 | ) | Net interest income | | $ | 77,301 | | | | $ | 73,983 | | | | $ | 63,878 | | Average Consolidated Statements of Condition and Net Interest Analysis (Unaudited) | Year to Date Period Ended | Year to Date Period Ended | September 30, 2026 | September 30, 2025 (dollar amounts in thousands) | AverageBalance(YTD) | Interest | AverageYield/Rate | AverageBalance(YTD) | Interest | AverageYield/Rate ASSETS | | | | | | Interest-earning assets | | | | | | Interest-bearing balances due from banks | $ | 15,776 | $ | 501 | | 4.25 | % | $ | 16,914 | $ | 549 | | 4.34 | % Securities1 | | | | | | U.S. Government securities | | 1,649,986 | | 44,011 | | 3.57 | % | | 1,608,371 | | 29,933 | | 2.49 | % State and municipal2 | | 80,456 | | 1,603 | | 2.66 | % | | 84,466 | | 1,649 | | 2.61 | % Other securities | | 3,293 | | 150 | | 6.09 | % | | 3,279 | | 160 | | 6.52 | % Total securities | | 1,733,735 | | 45,764 | | 3.53 | % | | 1,696,116 | | 31,742 | | 2.50 | % FHLBNY and FRB stock | | 30,222 | | 1,538 | | 6.80 | % | | 31,552 | | 1,944 | | 8.24 | % Total loans and leases, net of unearned income2,3 | | 6,535,605 | | 271,463 | | 5.55 | % | | 6,124,468 | | 247,859 | | 5.41 | % Total interest-earning assets | | 8,315,338 | | 319,266 | | 5.13 | % | | 7,869,050 | | 282,094 | | 4.79 | % Other assets | | 358,839 | | | | 306,039 | | Total assets | $ | 8,674,177 | | | $ | 8,175,089 | | LIABILITIES & EQUITY | | | | | | Deposits | | | | | | Interest-bearing deposits | | | | | | Interest bearing checking, savings, & money market | $ | 3,875,988 | $ | 49,548 | | 1.71 | % | $ | 3,696,142 | $ | 49,903 | | 1.81 | % Time deposits | | 1,281,441 | | 30,687 | | 3.20 | % | | 1,206,273 | | 32,499 | | 3.60 | % Total interest-bearing deposits | | 5,157,429 | | 80,235 | | 2.08 | % | | 4,902,415 | | 82,402 | | 2.25 | % Federal funds purchased & securities sold under agreements to repurchase | | 39,519 | | 120 | | 0.41 | % | | 43,744 | | 125 | | 0.38 | % Other borrowings | | 508,443 | | 14,919 | | 3.92 | % | | 549,192 | | 17,967 | | 4.37 | % Total interest-bearing liabilities | | 5,705,391 | | 95,274 | | 2.23 | % | | 5,495,351 | | 100,494 | | 2.45 | % Noninterest bearing deposits | | 1,910,151 | | | | 1,830,755 | | Accrued expenses and other liabilities | | 103,681 | | | | 98,953 | | Total liabilities | | 7,719,223 | | | | 7,425,059 | | Total equity | | 954,954 | | | | 750,030 | | Total liabilities and equity | $ | 8,674,177 | | | $ | 8,175,089 | | Interest rate spread | | | 2.90 | % | | | 2.35 | % Net interest income (TE)/margin on earning assets | | | 223,992 | | 3.60 | % | | | 181,600 | | 3.09 | % Tax Equivalent Adjustment | | | (847 | ) | | | | (930 | ) | Net interest income | | $ | 223,145 | | | | $ | 180,670 | | Tompkins Financial Corporation - Summary Financial Data (Unaudited) (In thousands, except per share data) | | | | | | | Quarter-Ended | Year-Ended Period End Balance Sheet | Sep-26 | Jun-26 | Mar-26 | Dec-25 | Sep-25 | Dec-25 Securities | $ | 1,651,275 | $ | 1,706,414 | $ | 1,702,250 | $ | 1,695,396 | $ | 1,604,357 | $ | 1,695,396 Total Loans | | 6,724,973 | | 6,597,178 | | 6,477,943 | | 6,446,245 | | 6,288,071 | | 6,446,245 Allowance for credit losses | | 60,455 | | 58,479 | | 58,108 | | 57,671 | | 59,889 | | 57,671 Total assets | | 8,978,517 | | 8,801,522 | | 8,695,761 | | 8,668,268 | | 8,468,731 | | 8,668,268 Total deposits | | 7,409,036 | | 7,029,111 | | 7,054,172 | | 6,937,762 | | 7,053,070 | | 6,937,762 Brokered deposits | | 140,109 | | 169,014 | | 109,712 | | 114,391 | | 145,223 | | 114,391 Federal funds purchased and securities sold under agreements to repurchase | | 133,854 | | 181,710 | | 118,133 | | 95,569 | | 80,804 | | 95,569 Other borrowings | | 406,712 | | 546,358 | | 449,446 | | 564,446 | | 444,866 | | 564,446 Total equity | | 936,380 | | 959,932 | | 946,741 | | 938,377 | | 788,805 | | 938,377 Average Balance Sheet | | | | | | Average earning assets | $ | 8,436,112 | $ | 8,308,736 | $ | 8,198,556 | $ | 8,058,427 | $ | 7,967,674 | $ | 7,916,783 Average assets | | 8,777,974 | | 8,661,074 | | 8,581,323 | | 8,372,287 | | 8,297,448 | | 8,224,794 Average interest-bearing liabilities | | 5,745,190 | | 5,726,257 | | 5,643,611 | | 5,484,440 | | 5,530,563 | | 5,492,601 Average equity | | 959,660 | | 953,717 | | 951,393 | | 875,658 | | 771,527 | | 781,695 Share data | | | | | | Weighted average shares outstanding (basic) | | 14,223,648 | | 14,224,972 | | 14,250,969 | | 14,270,206 | | 14,248,533 | | 14,252,810 Weighted average shares outstanding (diluted) | | 14,345,850 | | 14,333,390 | | 14,347,514 | | 14,356,680 | | 14,345,219 | | 14,335,358 Period-end shares outstanding | | 14,363,661 | | 14,382,196 | | 14,392,337 | | 14,420,495 | | 14,431,300 | | 14,420,495 Common equity book value per share | $ | 65.19 | $ | 66.74 | $ | 65.78 | $ | 65.07 | $ | 54.66 | $ | 65.07 Tangible book value per share (Non-GAAP)** | $ | 60.12 | $ | 61.68 | $ | 60.73 | $ | 60.03 | $ | 48.19 | $ | 60.03 **See "Non-GAAP measures" below for a discussion of non-GAAP financial measures and a reconciliation of non-GAAP financial measures to the most directly comparable financial measures presented in accordance with GAAP. Income Statement | | | | | | Net interest income | $ | 77,301 | $ | 73,983 | $ | 71,861 | $ | 69,061 | $ | 63,878 | $ | 249,731 Provision for credit loss expense | | 3,012 | | 1,502 | | 1,502 | | 977 | | 2,490 | | 11,534 Noninterest income | | 12,552 | | 13,134 | | 11,834 | | 125,763 | | 23,564 | | 196,871 Noninterest expense | | 49,086 | | 47,066 | | 47,726 | | 54,135 | | 53,847 | | 210,212 Income tax expense | | 9,101 | | 9,245 | | 8,393 | | 43,464 | | 7,432 | | 63,785 Net income attributable to Tompkins Financial Corporation | | 28,654 | | 29,304 | | 26,074 | | 96,248 | | 23,673 | | 161,071 Basic earnings per share4 | | 2.01 | | 2.06 | | 1.83 | | 6.74 | | 1.66 | | 11.30 Diluted earnings per share4 | | 2.00 | | 2.04 | | 1.82 | | 6.70 | | 1.65 | | 11.24 Nonperforming Assets | | | | | | Nonaccrual loans and leases | $ | 53,128 | $ | 52,426 | $ | 51,271 | $ | 47,794 | $ | 52,805 | $ | 47,794 Loans and leases 90 days past due and accruing | | 313 | | 122 | | 124 | | 146 | | 166 | | 146 Total nonperforming loans and leases | | 53,441 | | 52,548 | | 51,395 | | 47,940 | | 52,971 | | 47,940 OREO | | 384 | | 384 | | 269 | | 229 | | 0 | | 229 Total nonperforming assets | $ | 53,825 | $ | 52,932 | $ | 51,664 | $ | 48,169 | $ | 52,971 | $ | 48,169 Tompkins Financial Corporation - Summary Financial Data (Unaudited) - continued | Quarter-Ended | Year-Ended Delinquency - Total loan and lease portfolio | Sep-26 | Jun-26 | Mar-26 | Dec-25 | Sep-25 | Dec-25 Loans and leases 30-89 days past due and | | | | | | accruing | $ | 6,702 | $ | 4,666 | $ | 5,874 | $ | 8,806 | $ | 7,841 | $ | 8,806 Loans and leases 90 days past due and accruing | | 313 | | 122 | | 124 | | 146 | | 166 | | 146 Total loans and leases past due and accruing | | 7,015 | | 4,788 | | 5,998 | | 8,952 | | 8,007 | | 8,952 Allowance for Credit Losses Balance at beginning of period | $ | 58,479 | | $ | 58,108 | | $ | 57,671 | $ | 59,889 | | $ | 58,555 | $ | 56,496 | Provision for credit losses | | 3,173 | | | 1,962 | | | 1,212 | | 1,064 | | | 2,454 | $ | 11,564 | Net loan and lease charge-offs (recoveries) | | 1,197 | | | 1,591 | | | 775 | | 3,282 | | | 1,120 | $ | 10,389 | Allowance for credit losses at end of period | $ | 60,455 | | $ | 58,479 | | $ | 58,108 | $ | 57,671 | | $ | 59,889 | $ | 57,671 | | | | | | | Allowance for Credit Losses - Off-Balance Sheet Exposure Balance at beginning of period | $ | 1,263 | | $ | 1,723 | | $ | 1,433 | $ | 1,520 | | $ | 1,484 | $ | 1,463 | Provision (credit) for credit losses | | (161 | ) | | (460 | ) | | 290 | | (87 | ) | | 36 | $ | (30 | ) Allowance for credit losses at end of period | $ | 1,102 | | $ | 1,263 | | $ | 1,723 | $ | 1,433 | | $ | 1,520 | $ | 1,433 | Loan Classification - Total Portfolio | | | | | | Special Mention | $ | 90,401 | $ | 83,631 | $ | 66,104 | $ | 100,717 | $ | 88,398 | $ | 100,717 Substandard | | 60,689 | | 56,380 | | 54,331 | | 33,764 | | 55,762 | | 33,764 Ratio Analysis Credit Quality | | | | | | Nonperforming loans and leases/total loans and leases | 0.79 | % | 0.80 | % | 0.79 | % | 0.74 | % | 0.84 | % | 0.74 | % Nonperforming assets/total assets | 0.60 | % | 0.60 | % | 0.59 | % | 0.56 | % | 0.63 | % | 0.56 | % Allowance for credit losses/total loans and leases | 0.90 | % | 0.89 | % | 0.90 | % | 0.89 | % | 0.95 | % | 0.89 | % Allowance/nonperforming loans and leases | 113.12 | % | 111.29 | % | 113.06 | % | 120.30 | % | 113.06 | % | 120.30 | % Net loan and lease losses (recoveries) annualized/total average loans and leases | 0.07 | % | 0.10 | % | 0.05 | % | 0.21 | % | 0.07 | % | 0.17 | % Capital Adequacy | | | | | | Tier 1 Capital (to average assets) | 10.73 | % | 10.69 | % | 10.58 | % | 10.62 | % | 9.41 | % | 10.62 | % Total Capital (to risk-weighted assets) | 14.89 | % | 14.89 | % | 14.78 | % | 14.56 | % | 13.27 | % | 14.56 | % Profitability (period-end) | | | | | | Return on average assets * | 1.30 | % | 1.36 | % | 1.23 | % | 4.56 | % | 1.13 | % | 1.96 | % Return on average equity * | 11.85 | % | 12.32 | % | 11.11 | % | 43.61 | % | 12.17 | % | 20.61 | % Net interest margin (TE) * | 3.65 | % | 3.58 | % | 3.57 | % | 3.42 | % | 3.20 | % | 3.17 | % Average yield on interest-earning assets* | 5.18 | % | 5.13 | % | 5.09 | % | 4.98 | % | 4.90 | % | 4.84 | % Average cost of deposits* | 1.52 | % | 1.51 | % | 1.51 | % | 1.58 | % | 1.64 | % | 1.62 | % Average cost of funds* | 1.67 | % | 1.68 | % | 1.67 | % | 1.71 | % | 1.83 | % | 1.80 | % * Quarterly ratios have been annualized Tompkins Financial Corporation - Summary Financial Data (Unaudited) - continued Non-GAAP Measures This press release contains financial information determined by methods other than in accordance with U.S. generally accepted accounting principles (GAAP). Where non-GAAP disclosures are used in this press release, the comparable GAAP measure, as well as reconciliation to the comparable GAAP measure, is provided in the below table. The Company believes the non-GAAP measures provide meaningful comparisons of our underlying operational performance and facilitate management's and investors' assessments of business and performance trends in comparison to others in the financial services industry. These non-GAAP financial measures should not be considered in isolation or as a measure of the Company's profitability or liquidity; they are in addition to, and are not a substitute for, financial measures under GAAP. The non-GAAP financial measures presented herein may be different from non-GAAP financial measures used by other companies, and may not be comparable to similarly titled measures reported by other companies. Further, the Company may utilize other measures to illustrate performance in the future. Non-GAAP financial measures have limitations since they do not reflect all of the amounts associated with the Company's results of operations as determined in accordance with GAAP. Reconciliation of Tangible Book Value Per Share (non-GAAP) to Common Equity Book Value Per Share (GAAP) | Quarter-Ended | Year-Ended | Sep-26 | Jun-26 | Mar-26 | Dec-25 | Sep-25 | Dec-25 Common equity book value per share (GAAP) | $ | 65.19 | $ | 66.74 | $ | 65.78 | $ | 65.07 | $ | 54.66 | $ | 65.07 Total common equity | $ | 936,380 | $ | 959,932 | $ | 946,741 | $ | 938,377 | $ | 788,805 | $ | 938,377 Less: Goodwill and intangibles* | | 72,766 | | 72,766 | | 72,766 | | 72,766 | | 93,405 | | 72,766 Tangible common equity (Non-GAAP) | | 863,614 | | 887,166 | | 873,975 | | 865,611 | | 695,400 | | 865,611 Ending shares outstanding | | 14,363,661 | | 14,382,196 | | 14,392,337 | | 14,420,495 | | 14,431,300 | | 14,420,495 Tangible book value per share (Non-GAAP) | $ | 60.12 | $ | 61.68 | $ | 60.73 | $ | 60.03 | $ | 48.19 | $ | 60.03 *The decline in goodwill for the fourth quarter of 2025 over the prior periods shown in the table reflects the sale of TIA. 1 Average balances and yields on available-for-sale securities are based on historical amortized cost. 2 Interest income includes the tax effects of taxable-equivalent adjustments using an effective income tax rate of 21% in 2026 and 2025 to increase tax exempt interest income to taxable-equivalent basis. 3 Nonaccrual loans are included in the average asset totals presented above. Payments received on nonaccrual loans have been recognized as disclosed in Note 1 of the Company's consolidated financial statements included in Part I of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025. 4 Earnings per share for the full fiscal year may not equal the sum of the quarterly earnings per share as a result of rounding of average shares. View source version on businesswire.com: https://www.businesswire.com/news/home/20261023519161/en/ Contacts For more information contact: Stephen S. Romaine, President & CEO Matthew Tomazin, Executive VP & CFO Tompkins Financial Corporation (888) 503-5753

Tompkins Financial (TMP) came out with quarterly earnings of $2 per share, beating the Zacks Consensus Estimate of $1.91 per share. This compares to earnings of $1.65 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +4.71%. A quarter ago, it was expected that this financial services company would post earnings of $1.8 per share when it actually produced earnings of $2.04, delivering a surprise of +13.33%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Tompkins, which belongs to the Zacks Banks - Northeast industry, posted revenues of $89.85 million for the quarter ended September 2026, missing the Zacks Consensus Estimate by 0.05%. This compares to year-ago revenues of $87.44 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Tompkins shares have added about 39% since the beginning of the year versus the S&P 500's gain of 12%. While Tompkins has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Tompkins was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.98 on $92.1 million in revenues for the coming quarter and $7.75 on $353.37 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 23% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. MVB Financial (MVBF), another stock in the same industry, has yet to report results for the quarter ended September 2026. The results are expected to be released on October 29. This company is expected to post quarterly earnings of $0.41 per share in its upcoming report, which represents a year-over-year change of +270.8%. The consensus EPS estimate for the quarter has been revised 3.1% higher over the last 30 days to the current level. MVB Financial's revenues are expected to be $39.7 million, up 46.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tompkins Financial Corporation (TMP) : Free Stock Analysis Report Mvb Financial Corp. (MVBF) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

ITHACA, N.Y., July 24, 2026--(BUSINESS WIRE)--Tompkins Financial Corporation (NYSE American: TMP) Tompkins Financial Corporation ("Tompkins" or the "Company") reported diluted earnings per share of $2.04 for the second quarter of 2026, up $0.54 or 36.0% compared to the second quarter of 2025 and up $0.22 per share or 12.1% compared to the first quarter of 2026. Net income for the second quarter of 2026 was $29.3 million, up $7.8 million or 36.5% from the second quarter of 2025, and up $3.2 million or 12.4% compared to the immediate prior quarter. For the six months ended June 30, 2026, diluted earnings per share were $3.86, up 34.5% from the $2.87 reported for the six months ended June 30, 2025. Year-to-date net income was $55.4 million for the six months ended June 30, 2026, up $14.2 million or 34.6% when compared to $41.2 million for the same six month period in 2025. Tompkins President and CEO, Stephen Romaine, commented, "We are pleased to report our third consecutive quarter of record earnings. Our improving profitability and healthy levels of loan and deposit growth over the past year continue to support momentum in our financial results. Given our strong results and strengthening capital position, we have approved an increase to our dividend, payable in the third quarter of 2026. This increase represents a 13% increase compared to the dividend paid in the third quarter of 2025." SELECTED HIGHLIGHTS FOR THE PERIOD: Net interest margin was 3.58% in the second quarter of 2026, in line with the immediate prior quarter, and up 50 basis points from the second quarter of 2025. Period end total loans at June 30, 2026 were up $119.2 million, or 1.8% compared to March 31, 2026 (7.4% on an annualized basis), and up $424.5 million, or 6.9%, from June 30, 2025. Period end total deposits at June 30, 2026 were $7.0 billion, down $25.1 million, or 0.4% compared to the most recent prior quarter end, and up $313.3 million, or 4.7%, from June 30, 2025. Total average cost of funds of 1.68% for the second quarter of 2026 was in line with the first quarter of 2026, and down 16 basis points compared to the second quarter of 2025. Regulatory Tier 1 capital to average assets was 10.69% at June 30, 2026, up from 10.58% at March 31, 2026, and 9.36% at June 30, 2025. NET INTEREST INCOME Net interest income was $74.0 million for the second quarter of 2026, up $2.1 million or 3.0% compared to the first quarter of 2026, and up $13.9 million or 23.0% compared to the second quarter of 2025. For the six months ended June 30, 2026, net interest income was $145.8 million, up $29.1 million or 24.9% when compared to the same period in 2025. The increase in net interest income compared to both prior year periods was due to improvement in net interest margin, which is discussed below, and growth in average loans. Net interest margin was 3.58% for the second quarter of 2026, remaining consistent with the prior quarter, as increased average earning asset yields were partially offset by higher cost of interest-bearing liabilities, driven by seasonal outflow of municipal deposits resulting in increased borrowings for the quarter. The net interest margin for the second quarter of 2026 increased from 3.08% for the second quarter of 2025. The increase in net interest margin when compared to the prior year quarter was mainly due to growth in average loan balances, improved yields on average earning assets, and lower funding costs. Average yield on securities for the second quarter of 2026 was up 101 basis points over the second quarter of 2025, and the average yield on interest earning assets was up 34 basis points compared to the second quarter of 2025. Average loans for the quarter ended June 30, 2026 were up $90.4 million, or 1.4% (5.6% annualized), over the quarter ended March 31, 2026, and were up $395.7 million, or 6.5%, compared to the quarter ended June 30, 2025. The increase in average loans over both prior periods was mainly in the commercial real estate and commercial and industrial portfolios. The average yield on interest-earning assets for the quarter ended June 30, 2026 was 5.13%, an increase of 4 basis points from 5.09% for the quarter ended March 31, 2026, and up 34 basis points from 4.79% for the quarter ended June 30, 2025. Average total deposits of $7.0 billion for the second quarter of 2026 were up $62.2 million or 0.9% compared to the first quarter of 2026, and up $297.3 million, or 4.4%, compared to the second quarter of 2025. The cost of interest-bearing deposits of 2.07% for the second quarter of 2026 was up 1 basis point over the most recent prior quarter, and down 17 basis points from the second quarter of 2025. The ratio of average noninterest bearing deposits to average total deposits for the second quarter of 2026 was 26.9%, which was generally unchanged from the first quarter of 2026 and the second quarter of 2025. The average cost of interest-bearing liabilities for the second quarter of 2026 was 2.24%, an increase of 3 basis points when compared to the most recent prior quarter, and down 20 basis points from the second quarter of 2025. NONINTEREST INCOME Noninterest income of $13.1 million for the second quarter of 2026 was down $9.4 million or 41.7%, from the second quarter of 2025. The decrease was primarily attributable to a $9.6 million decline in insurance revenue resulting from the sale of our insurance subsidiary, Tompkins Insurance Agencies, Inc. ("TIA"), in the fourth quarter of 2025. Partially offsetting this decline were increases in fee-based service income, including increases in wealth management fees of $265,000 or 5.3%, service charges on deposit accounts of $26,000 or 1.5%, and card service income of $146,000 or 4.6%. Year-to-date noninterest income of $25.0 million was down $22.6 million or 47.5% compared to the same period in 2025. Contributing to the year-over-year decrease was a $21.2 million decline in insurance revenue due to the sale of TIA, and a $1.9 million, or 28.2% decrease in other income, primarily related to a gain on the sale of other real estate owned in the first quarter of 2025. Partially offsetting this decline were increases in fee-based service income, including increases in wealth management fees of $412,000 or 4.1%, service charges on deposit accounts of $16,000 or 0.5%, and card service income of $162,000 or 2.8%. NONINTEREST EXPENSE Noninterest expense was $47.1 million for the second quarter of 2026, down $4.6 million or 8.8% compared to the second quarter of 2025. For the six months ended June 30, 2026, noninterest expense totaled $94.8 million, down $7.4 million, or 7.3%, from the same period in 2025. The decrease in noninterest expense for both periods was primarily attributable to the sale of TIA in the fourth quarter of 2025. The second quarter and year-to-date periods in 2025 included TIA-related salaries and wages and other employee benefits expenses of $6.2 million and $12.1 million, respectively; and other noninterest expenses of $1.5 million and $2.9 million, respectively. For the three and six months ended June 30, 2026, salaries and wages and other employee benefits decreased $4.7 million, or 14.0%, and $8.0 million, or 12.2%, respectively. These decreases were partially offset by annual merit increases and higher other employee benefit costs. INCOME TAX EXPENSE Provision for income tax expense was $9.2 million for an effective rate of 24.0% for the second quarter of 2026, compared to $8.4 million for an effective rate of 24.4% for the most recent prior quarter, and $6.8 million for an effective rate of 24.0% for the second quarter of 2025. For the six months ended June 30, 2026, the provision for income tax expense was $17.6 million with an effective tax rate of 24.2% compared to $12.9 million with an effective tax rate of 23.9% for the same period in 2025. ASSET QUALITY The allowance for credit losses was 0.89% of total loans and leases at June 30, 2026, down from 0.90% at March 31, 2026, and 0.95% at June 30, 2025. The decrease in the allowance for credit losses coverage ratio compared to June 30, 2025 was mainly due to the improved economic forecasts for unemployment and gross domestic product. The ratio of the allowance to total nonperforming loans and leases was 111.29% at June 30, 2026, compared to 113.06% at March 31, 2026, and 111.55% at June 30, 2025. Provision for credit losses for the second quarter of 2026 was $1.5 million, in line with the most recent prior quarter, and down from $2.8 million for the second quarter of 2025. Net charge-offs for the three months ended June 30, 2026 were $1.6 million, compared to $775,000 for the first quarter of 2026, and $5.3 million for the second quarter of 2025. The year-over-year decrease was mainly due to a partial charge-off of $4.7 million during the second quarter of 2025 related to one commercial real estate relationship totaling $18.1 million. Nonperforming assets of $52.9 million represented 0.60% of total assets at June 30, 2026, up from $51.7 million or 0.59% of total assets at March 31, 2026, and $52.6 million or 0.63% of total assets at June 30, 2025. Loans past due 30-89 days totaled $4.7 million at June 30, 2026, $5.9 million at March 31, 2026, and $5.9 million at June 30, 2025. Special Mention and Substandard loans and leases totaled $140.0 million at June 30, 2026, compared to $120.4 million reported at March 31, 2026, and $96.8 million reported at June 30, 2025. The increase over the most recent prior quarter end was mainly in Special Mention loans, which were up $17.5 million. The increase in Special Mention loans over March 31, 2026 was mainly a result of five performing loans totaling $18.8 million being downgraded during the second quarter of 2026. The Company believes that the existing collateral securing the loans is sufficient to cover the exposure. CAPITAL POSITION Capital ratios at June 30, 2026 remained well above the regulatory minimums for well-capitalized institutions. The ratio of total capital to risk-weighted assets was 14.89% at June 30, 2026, compared to 14.78% at March 31, 2026, and 13.15% at June 30, 2025. The ratio of Tier 1 capital to average assets was 10.69% at June 30, 2026, compared to 10.58% at March 31, 2026, and 9.36% at June 30, 2025. During the second quarter of 2026, the Company repurchased 11,787 shares of common stock at an aggregate cost of $963,433. These shares were purchased under the Company's 2025 Stock Repurchase Plan. The Company repurchased a total of 35,518 shares of common stock at an aggregate cost of $2.8 million during the first six months of 2026. LIQUIDITY POSITION The Company's liquidity position at June 30, 2026 was consistent with its position at March 31, 2026. The Company's sources of liquidity include ready access to national and regional wholesale funding sources including Federal funds purchased, repurchase agreements, brokered deposits, Federal Reserve Bank's Discount Window advances and Federal Home Loan Bank (FHLB) advances. The Company maintained ready access to liquidity of $1.7 billion, or 19.4% of total assets, at June 30, 2026. ABOUT TOMPKINS FINANCIAL CORPORATION Tompkins Financial Corporation is a banking and financial services company serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. Headquartered in Ithaca, NY, Tompkins Financial is parent to Tompkins Bank & Trust, which offers a full array of products and services, including commercial and consumer banking. Tompkins Bank & Trust provides wealth management services under the Tompkins Financial Advisors brand, including investment management, trust and estate, financial and tax planning services. For more information on Tompkins Financial, visit www.tompkinsfinancial.com. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The statements contained in this press release that are not statements of historical fact may include forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements may be identified by use of such words as "may", "could", "should", "will", "would", "estimate", "intend", "continue", "believe", "expect", "plan", "commit", or "anticipate", as well as the negative and other variations of these terms and other similar words. Examples of forward-looking statements may include statements regarding the sufficiency of existing collateral to cover exposure related to special mention loans and future growth. Forward-looking statements are made based on management’s expectations and beliefs concerning future events impacting the Company and are subject to uncertainties and factors relating to the Company’s operations and economic environment, all of which are difficult to predict and many of which are beyond the control of the Company, that could cause actual results of the Company to differ materially from those expressed and/or implied by forward-looking statements and historical performance. The following factors, in addition to those listed as Risk Factors in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025 as filed with the Securities and Exchange Commission, are among those that could cause actual results to differ materially from the forward-looking statements and historical performance: changes in general economic, market and regulatory conditions; our ability to attract and retain deposits and other sources of liquidity; gross domestic product growth and inflation trends; the impact of the interest rate and inflationary environment on the Company's business, financial condition and results of operations; other income or cash flow anticipated from the Company's operations, investment and/or lending activities; changes in laws and regulations affecting public companies, banks, bank holding companies and/or financial holding companies, including the Dodd-Frank Act, and other federal, state and local government mandates; the impact of any change in the FDIC insurance assessment rate or the rules and regulations related to the calculation of the FDIC insurance assessment amount; changes in supervisory and regulatory scrutiny of financial institutions; technological developments and changes; cybersecurity incidents and threats; the ability to continue to introduce competitive new products and services on a timely, cost-effective basis; governmental and public policy changes, including environmental regulation; reliance on large customers; the geographic concentration of our business; the ability to access financial resources in the amounts, at the times, and on the terms required to support the Company's future businesses; and the economic impact, including market volatility, of national and global events, including the response to bank failures, war and geopolitical matters (including continuing or increasing hostilities in the Middle East and the war in Ukraine), tariffs and trade wars, widespread protests, civil unrest, political uncertainty, and pandemics or other public health crises; and the related financial stress on borrowers and changes to customer behavior and credit risk as a result of any of the foregoing. The Company does not undertake any obligation to update its forward-looking statements. Tompkins Financial Corporation - Summary Financial Data (Unaudited) Tompkins Financial Corporation - Summary Financial Data (Unaudited) - continued Ratio Analysis Tompkins Financial Corporation - Summary Financial Data (Unaudited) - continued Non-GAAP Measures This press release contains financial information determined by methods other than in accordance with U.S. generally accepted accounting principles (GAAP). Where non-GAAP disclosures are used in this press release, the comparable GAAP measure, as well as reconciliation to the comparable GAAP measure, is provided in the below table. The Company believes the non-GAAP measures provide meaningful comparisons of our underlying operational performance and facilitate management's and investors' assessments of business and performance trends in comparison to others in the financial services industry. These non-GAAP financial measures should not be considered in isolation or as a measure of the Company's profitability or liquidity; they are in addition to, and are not a substitute for, financial measures under GAAP. The non-GAAP financial measures presented herein may be different from non-GAAP financial measures used by other companies, and may not be comparable to similarly titled measures reported by other companies. Further, the Company may utilize other measures to illustrate performance in the future. Non-GAAP financial measures have limitations since they do not reflect all of the amounts associated with the Company's results of operations as determined in accordance with GAAP. View source version on businesswire.com: https://www.businesswire.com/news/home/20260724099543/en/ Contacts For more information contact: Stephen S. Romaine, President & CEOMatthew Tomazin, Executive VP & CFOTompkins Financial Corporation (888) 503-5753

Tompkins Financial (TMP) came out with quarterly earnings of $2.04 per share, beating the Zacks Consensus Estimate of $1.8 per share. This compares to earnings of $1.5 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +13.33%. A quarter ago, it was expected that this financial services company would post earnings of $1.71 per share when it actually produced earnings of $1.82, delivering a surprise of +6.43%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Tompkins, which belongs to the Zacks Banks - Northeast industry, posted revenues of $87.12 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.07%. This compares to year-ago revenues of $82.64 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Tompkins shares have added about 27.8% since the beginning of the year versus the S&P 500's gain of 8.2%. While Tompkins has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Tompkins was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.92 on $90.14 million in revenues for the coming quarter and $7.55 on $353.08 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Merchants Bancorp (MBIN), is yet to report results for the quarter ended June 2026. The results are expected to be released on July 28. This bank holding company is expected to post quarterly earnings of $1.22 per share in its upcoming report, which represents a year-over-year change of +103.3%. The consensus EPS estimate for the quarter has been revised 1.3% lower over the last 30 days to the current level. Merchants Bancorp's revenues are expected to be $181.98 million, up 1.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tompkins Financial Corporation (TMP) : Free Stock Analysis Report Merchants Bancorp (MBIN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Tompkins Financial recently reported record 2025 results with GAAP net income of US$161.1 million and diluted EPS of US$11.24, alongside strong Q1 2026 earnings growth and an 8.1% dividend increase. An interesting angle for investors is the combination of higher earnings and reinforced capital strength, including a Tier 1 capital ratio of 10.58% and core deposits at 90.8% of total deposits. We’ll now examine how this earnings momentum and dividend increase shape Tompkins Financial’s investment narrative for current and prospective shareholders. AI is about to change healthcare. These 33 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. To own Tompkins Financial, you need to be comfortable with a straightforward, community‑bank story built around stable deposits, disciplined capital and a steady dividend. The latest record 2025 earnings, strong Q1 2026 EPS growth and an 8.1% dividend raise all reinforce that narrative, rather than changing it. Near term, the key catalyst is whether the bank can sustain its net interest margin and loan growth after such a strong run, especially given prior expectations for revenue and earnings contraction. The stronger Tier 1 capital ratio and high share of core deposits modestly ease concerns around balance sheet resilience, while the ongoing but modest buyback adds incremental support. The main risk is that recent earnings strength proves difficult to repeat if credit costs or funding pressures rise from here. However, one risk for shareholders is that current profitability may sit above more normal levels. Tompkins Financial's shares have been on the rise but are still potentially undervalued by 34%. Find out what it's worth. Tompkins Financial’s Simply Wall St Community fair values span roughly US$88.50 to about US$130 across 2 views, yet recent earnings strength and dividend growth also raise questions about how repeatable current margins really are. This spread of opinions gives you a useful starting point to compare different risk and reward expectations. Explore 2 other fair value estimates on Tompkins Financial - why the stock might be worth as much as 51% more than the current price! Disagree with this assessment? Extraordinary investment returns rarely come from following the herd, so go with your instincts. A great starting point for your Tompkins Financial research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision. Our free Tompkins Financial research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Tompkins Financial's overall financial health at a glance. Don't miss your shot at the next 10-bagger. Our latest stock picks just dropped: The future of work is here. Discover the 34 top robotics and automation stocks leading the charge in AI-driven automation and industrial transformation. Uncover the next big thing with 28 elite penny stocks that balance risk and reward. We've uncovered the 10 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TMP. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]