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. The company believes existing collateral is sufficient to cover exposure related to Special Mention loans.