Last $51.91 USD
Change Today +0.67 / 1.31%
Volume 13.9K
TMP On Other Exchanges
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NYSE Amex
As of 1:52 PM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

tompkins financial corp (TMP) Key Developments

Tompkins Financial Corporation Announces Management Changes

Tompkins Financial Corporation announced that the Director, James R. Hardie has reached the mandatory retirement age of 72 as outlined in Article IV, Section 4 of the company's Second Amended and Restated Bylaws and will, therefore, not stand for re-election to the company's Board of Directors at the 2015 Annual Meeting of Shareholders. On January 22, 2015, Director William D. Spain, Jr. requested that he not be considered for re-nomination to the company's Board of Directors at the 2015 Annual Meeting of Shareholders.

Tompkins Financial Corporation Declares Cash Dividend, Payable on February 17, 2015

Tompkins Financial Corporation announced that its Board of Directors approved payment of a regular quarterly cash dividend of $0.42 per share, payable on February 17, 2015, to common shareholders of record on February 9, 2015.

Tompkins Financial Corporation Reports Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year Ended Dec. 31, 2014; Announces Net Loan and Lease Charge-Offs for the Fourth Quarter Ended Dec. 31, 2014

Tompkins Financial Corporation reported unaudited consolidated financial results for the fourth quarter and full year ended Dec. 31, 2014. For the quarter, total interest and dividend income was $46,691,000 against $48,308,000 for the same period of last year. Net interest income was $41,692,000 against $42,624,000 for the same period of last year. Income before income tax expense was $19,175,000 against $19,227,000 for the same period of last year. Net income attributable to the company was $12,689,000 against $14,290,000 for the same period of last year. Diluted earnings per share was $0.85 against $0.96 for the same period of last year. Adjusting for these non-recurring items, diluted earnings per share for the quarter ended December 31, 2014, was $0.85 reflected a decrease of 6.6% from the same period in 2013. Return on average assets was 0.97% against 1.15% for the same period of last year. Return on average equity was 10.16% against 12.62% for the same period of last year. Book value per share was $32.87 against $31.05 for the same period of last year. Tangible book value per share is up 8.4% from the fourth quarter of 2013. Tangible book value per share was $25.69. Net operating income (Non-GAAP) was $12,689,000. For the year total interest and dividend income was $184,493,000 against $185,104,000 for the same period of last year. Net interest income was $163,810,000 against $161,129,000 for the same period of last year. Income before income tax expense was $77,576,000 against $71,764,000 for the same period of last year. Net income attributable to the company was $52,041,000 against $50,856,000 for the same period of last year. Diluted earnings per share was $3.48 against $3.46 for the same period of last year. Both quarterly and year-to-date results in 2013 included non-recurring income and expense items. Adjusting for these non-recurring items, diluted earnings per share for the year ended December 31, 2014 was $3.48 reflected an increase of 3.6% over 2013 from $3.36. Improved year-to-date net interest income was achieved mainly as a result of growth in average loans (up 6.1% from 2013) and average noninterest bearing deposits (up 12.1% from 2013). Return on average assets was 1.03% and return on average equity was 10.76%. Net operating income (Non-GAAP) was $52,041,000 against $49,379,000 a year ago. For the quarter, net loan and lease charge-offs were $131,000.

Tompkins Financial Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Tompkins Financial Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income was $41.575 million against $40.473 million a year ago. Income before income tax expense was $20.652 million against $19.398 million a year ago. Net income attributable to the company was $13.722 million against $14.049 million a year ago. Diluted earnings per share were $0.92 against $0.95 a year ago. Tangible book value per share has increased for the fifth consecutive quarter and is up 13.5% from the third quarter of 2013. Return on average assets was 1.08%. Return on average equity was 11.11%. Non GAAP net operating income was $13.722 million against $13.203 million a year ago. Adjusted net operating income (non GAAP) was $14.033 million against $13.530 million a year ago. Adjusted operating return on shareholders' tangible equity (annualized) (non-GAAP) was 14.56% against 16.51% a year ago. Adjusted diluted earnings per share were $0.92 against $0.89 a year ago. For the nine months, the company reported net interest income was $122.118 million against $118.504 million a year ago. Income before income tax expense was $58.401 million against $52.536 million a year ago. Net income attributable to the company was $39.352 million against $36.565 million a year ago. Diluted earnings per share were $2.64 against $2.50 a year ago. Non GAAP net operating income was $39.352 million against $35.859 million a year ago. Adjusted diluted earnings per share were $2.64 against $2.45 a year ago.

Tompkins Financial Corporation Increases Cash Dividend, Payable on November 14, 2014

Tompkins Financial Corporation announced that its Board of Directors approved payment of a regular quarterly cash dividend of $0.42 per share, payable on November 14, 2014, to common shareholders of record on November 4, 2014. The current dividend represents a 5.0% increase over the $0.40 cash dividend paid in the third quarter of 2014.

 

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Price/Earnings 14.2x
Price/Sales 3.2x
Price/Book 1.5x
Price/Cash Flow 14.1x
TEV/Sales 1.4x
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