Tompkins Financial Corporation (TMP)

Tompkins Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	281.31	260.43	217.61	214.68	227.31	226.72
Interest Income on Investments	43.36	36.92	33.72	26.63	27.02	34.66
Total Interest Income	324.67	297.36	251.32	241.32	254.33	261.38
Interest Paid on Deposits	92.7	70.81	16.17	10.85	19.96	30.9
Interest Paid on Borrowings	26.97	17.04	4.88	6.68	9.03	19.85
Total Interest Expense	119.67	87.84	21.04	17.53	28.99	50.75
Net Interest Income	205	209.51	230.28	223.79	225.34	210.63
Net Interest Income Growth (YoY)	-7.47%	-9.02%	2.90%	-0.69%	6.98%	-0.55%
Trust Income	18.55	17.95	18.09	19.39	17.52	16.43
Gain (Loss) on Sale of Investments	-62.94	-69.97	-0.63	0.25	0.44	0.65
Other Non-Interest Income	58.44	55.35	53.15	52.87	49.59	50.03
Total Non-Interest Income	21.14	10.24	77.97	78.85	73.86	75.43
Non-Interest Income Growth (YoY)	-70.66%	-86.87%	-1.11%	6.75%	-2.09%	-2.60%
Revenues Before Loan Losses	226.14	219.76	308.25	302.64	299.2	286.06
Provision for Loan Losses	5.94	4.34	2.79	-2.22	17.21	1.37
Revenue	220.2	215.42	305.46	304.86	281.99	284.7
Revenue Growth (YoY)	-24.00%	-29.48%	0.20%	8.11%	-0.95%	-0.21%
Salaries and Employee Benefits	121.88	122.1	116.2	112.26	110.84	107.15
Occupancy Expenses	13.35	13.28	13.09	13.18	12.93	13.21
Amortization of Goodwill & Intangibles	0.32	0.33	0.87	1.32	1.48	1.67
Selling, General & Administrative	15.24	16.53	20.8	20.6	19.09	18.41
Other Non-Interest Expense	50.18	51.05	44.79	40.01	39.98	41.39
Total Non-Interest Expense	200.97	203.29	195.75	187.36	184.32	181.83
EBT Excluding Unusual Items	19.24	12.12	109.71	117.5	97.67	102.86
Other Unusual Items	-	-	-	-2.93	-	-
Pretax Income	19.24	12.12	109.71	114.57	97.67	102.86
Income Tax Expense	4.91	2.5	24.56	25.18	19.92	21.02
Earnings From Continuing Operations	14.33	9.63	85.16	89.39	77.74	81.85
Minority Interest in Earnings	-0.12	-0.12	-0.13	-0.13	-0.15	-0.13
Net Income	14.2	9.51	85.03	89.26	77.59	81.72
Preferred Dividends & Other Adjustments	0.02	0.04	0.25	0.62	0.86	1.31
Net Income to Common	14.19	9.46	84.78	88.65	76.73	80.41
Net Income Growth	-79.34%	-88.82%	-4.74%	15.05%	-5.05%	-0.72%
Basic Shares Outstanding	14	14	14	15	15	15
Diluted Shares Outstanding	14	14	14	15	15	15
Shares Change (YoY)	-0.94%	-0.72%	-1.66%	-0.64%	-1.55%	-1.05%
EPS (Basic)	1.00	0.66	5.92	6.08	5.22	5.39
EPS (Diluted)	1.00	0.66	5.89	6.05	5.20	5.37
EPS Growth	-79.17%	-88.79%	-2.64%	16.35%	-3.17%	0.37%
Dividend Per Share	2.410	2.400	2.310	2.190	2.100	2.020
Dividend Growth	1.69%	3.90%	5.48%	4.29%	3.96%	4.12%
Effective Tax Rate	25.52%	20.58%	22.38%	21.98%	20.40%	20.43%

Source: S&P Capital IQ. Banks template. Financial Sources.