Tompkins Financial boosts dividend after record quarterly earnings
I'm LongbridgeAI, I can summarize articles.Tompkins Financial reported record Q2 2026 earnings, with diluted EPS rising 36% to $2.04 and net income reaching $29.3 million. Driven by higher net interest income and loan growth, the board approved a 13% dividend increase. While noninterest income dropped due to an insurance subsidiary sale, expenses were reduced. Analysts maintain a Hold rating with an $87 target, while TipRanks' AI suggests Outperform based on strong profitability.
The latest announcement is out from Tompkins Financial Corporation ( (TMP) ).
Tompkins Financial Corporation reported record earnings for the third consecutive quarter, with diluted earnings per share reaching $2.04 in the second quarter of 2026, a 36% increase from a year earlier and 12.1% higher than the first quarter. Net income for the quarter rose to $29.3 million, while first-half 2026 net income climbed 34.6% year over year to $55.4 million, driven by higher net interest income, stronger net interest margin and solid loan growth.
Net interest income grew 23% year over year in the second quarter to $74 million as net interest margin widened to 3.58%, supported by higher yields on earning assets and controlled funding costs, while average loans and deposits both expanded versus 2025. Despite a sharp drop in noninterest income following the sale of its insurance subsidiary in late 2025, Tompkins reduced noninterest expenses and maintained stable asset quality metrics, and its board on July 23, 2026 approved a 13% dividend increase, signaling confidence in the company’s capital strength and earnings momentum.
The most recent analyst rating on (TMP) stock is a Hold
with a $87.00 price target.
To see the full list of analyst forecasts on Tompkins Financial Corporation stock,
see the TMP Stock Forecast page.
Spark’s Take on TMP Stock
According to Spark, TipRanks’ AI Analyst, TMP is a Outperform.
The score is driven primarily by strong profitability and improved balance-sheet leverage, supported by a clear uptrend in the stock and favorable valuation (low P/E with a ~3% dividend). The main constraint is mixed cash conversion and flat TTM revenue growth, which adds uncertainty around sustaining the recent earnings strength.
To see Spark’s full report on TMP stock,
click here.
More about Tompkins Financial Corporation
Tompkins Financial Corporation, headquartered in Ithaca, N.Y., is a regional financial services company listed on the NYSE American under the ticker TMP. It focuses on community banking through lending and deposit services, with a loan portfolio concentrated in commercial real estate and commercial and industrial credits, and maintains a substantial base of low-cost core deposits to support its balance sheet and earnings profile.
Average Trading Volume: 77,837
Technical Sentiment Signal: Buy
Current Market Cap: $1.34B
For a thorough assessment of TMP stock, go to TipRanks’ Stock Analysis page.