--- title: "Tompkins Finc | 8-K: FY2026 Q2 Revenue: USD 87.12 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/293761152.md" datetime: "2026-07-24T13:04:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293761152.md) - [en](https://longbridge.com/en/news/293761152.md) - [zh-HK](https://longbridge.com/zh-HK/news/293761152.md) --- # Tompkins Finc | 8-K: FY2026 Q2 Revenue: USD 87.12 M Revenue: As of FY2026 Q2, the actual value is USD 87.12 M. EPS: As of FY2026 Q2, the actual value is USD 2.04, beating the estimate of USD 1.82. EBIT: As of FY2026 Q2, the actual value is USD 38.55 M. #### Cash Dividend Tompkins Financial Corporation announced a regular quarterly cash dividend of $0.70 per share, representing an increase of $0.03 per share, or 4.5%, over the dividend paid in the second quarter of 2026. This dividend is payable on August 14, 2026, to common shareholders of record on August 7, 2026. #### Other Financial and Operational Metrics The reference does not provide specific details on segment revenue, gross margin, operating profit, operating margin, operating costs, operating cash flow, or free cash flow. #### Net Income Tompkins Financial Corporation reported net income of $29.3 million for the second quarter of 2026, an increase of $7.8 million or 36.5% compared to the second quarter of 2025, and up $3.2 million or 12.4% from the first quarter of 2026. Year-to-date net income for the six months ended June 30, 2026, was $55.4 million, representing a $14.2 million or 34.6% increase from $41.2 million for the same period in 2025. #### Net Interest Income Net interest income for the second quarter of 2026 was $74.0 million, an increase of $2.1 million or 3.0% from 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% from the same period in 2025. This increase was attributed to an improved net interest margin and growth in average loans. #### Net Interest Margin Net interest margin stood at 3.58% in the second quarter of 2026, consistent with the prior quarter, and an increase of 50 basis points from 3.08% in the second quarter of 2025. The year-over-year increase was primarily due to growth in average loan balances, improved yields on average earning assets, and lower funding costs. #### Noninterest Income Noninterest income for the second quarter of 2026 was $13.1 million, a decrease of $9.4 million or 41.7% from the second quarter of 2025, mainly due to a $9.6 million decline in insurance revenue following the sale of Tompkins Insurance Agencies, Inc. (TIA) in Q4 2025. Year-to-date noninterest income was $25.0 million, down $22.6 million or 47.5% compared to the same period in 2025, with a $21.2 million decline in insurance revenue and a $1.9 million decrease in other income contributing to this trend. Partially offsetting these declines were increases in wealth management fees (up $265,000 or 5.3% for Q2, and up $412,000 or 4.1% YTD), service charges on deposit accounts (up $26,000 or 1.5% for Q2, and up $16,000 or 0.5% YTD), and card service income (up $146,000 or 4.6% for Q2, and up $162,000 or 2.8% YTD). #### Noninterest Expense Noninterest expense was $47.1 million for the second quarter of 2026, a decrease of $4.6 million or 8.8% from 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. These decreases were primarily due to the sale of TIA, which resulted in lower TIA-related salaries, wages, and other employee benefits expenses of $6.2 million (Q2) and $12.1 million (YTD) in 2025, as well as reduced other noninterest expenses of $1.5 million (Q2) and $2.9 million (YTD) in 2025. #### Income Tax Expense Provision for income tax expense was $9.2 million for Q2 2026, with an effective rate of 24.0%, compared to $6.8 million with an effective rate of 24.0% for Q2 2025. For the six months ended June 30, 2026, the provision was $17.6 million at an effective rate of 24.2%, up from $12.9 million at 23.9% for the same period in 2025. #### Loans and Deposits Period-end total loans at June 30, 2026, were $6.597 billion, up $119.2 million or 1.8% compared to March 31, 2026, and up $424.5 million or 6.9% from June 30, 2025. Average loans for Q2 2026 were up $90.4 million or 1.4% over Q1 2026, and up $395.7 million or 6.5% compared to Q2 2025, primarily in commercial real estate and commercial and industrial portfolios. Period-end total deposits at June 30, 2026, were $7.0 billion, down $25.1 million or -0.4% from the prior quarter, but up $313.3 million or 4.7% from June 30, 2025. Average total deposits for Q2 2026 were up $62.2 million or 0.9% compared to Q1 2026, and up $297.3 million or 4.4% compared to Q2 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, primarily due to improved economic forecasts. The ratio of allowance to total nonperforming loans and leases was 111.29% at June 30, 2026, compared to 111.55% at June 30, 2025. Provision for credit losses for Q2 2026 was $1.5 million, down from $2.8 million for Q2 2025. Net charge-offs for the three months ended June 30, 2026, were $1.6 million, compared to $5.3 million for Q2 2025, with the year-over-year decrease mainly due to a $4.7 million partial charge-off in Q2 2025 related to one commercial real estate relationship. Nonperforming assets totaled $52.9 million, or 0.60% of total assets, at June 30, 2026, up from $52.6 million or 0.63% at June 30, 2025. Special Mention and Substandard loans and leases increased to $140.0 million at June 30, 2026, from $96.8 million at June 30, 2025, with the increase mainly in Special Mention loans due to five performing loans totaling $18.8 million being downgraded. #### Capital Position Regulatory Tier 1 capital to average assets was 10.69% at June 30, 2026, up from 9.36% at June 30, 2025. The ratio of total capital to risk-weighted assets was 14.89% at June 30, 2026, compared to 13.15% at June 30, 2025. During Q2 2026, Tompkins Financial Corporation repurchased 11,787 shares of common stock for $963,433, bringing the total repurchased shares to 35,518 for $2.8 million in the first six months of 2026. #### Liquidity Position Tompkins Financial Corporation’s liquidity position remained consistent at June 30, 2026, with ready access to $1.7 billion, or 19.4% of total assets, from various wholesale funding sources. #### Outlook / Guidance Tompkins Financial Corporation’s President and CEO expressed pleasure in reporting a third consecutive quarter of record earnings, citing improving profitability and healthy loan and deposit growth as factors supporting financial momentum. The company approved a 13% increase in its dividend, payable in the third quarter of 2026, compared to the dividend paid in Q3 2025, given these strong results and a strengthening capital position. 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