Tompkins Financial Q1 EPS rises 33%

Tompkins Financial

24/04/2026 14:13

Overview

U.S. regional bank's Q1 diluted EPS rose 33% yr/yr, net income up 33%

Net interest income climbed 27% yr/yr due to growth in average loan balance and lower funding costs

Noninterest income fell 53% yr/yr after insurance business sale; expenses declined on lower staffing

Outlook

Company did not provide specific guidance for the current quarter or full year

Result Drivers

NET INTEREST MARGIN - Higher net interest margin, driven by improved yields on earning assets and lower funding costs, supported profitability

NONINTEREST INCOME DROP - Noninterest income fell sharply due to the sale of the insurance subsidiary

EXPENSE REDUCTION - Noninterest expenses declined mainly due to lower staffing costs after the insurance business sale

Company press release: ID:nBw4nsXT6a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
Beat
$1.82
$1.75 (2 Analysts)
Q1 Net Interest Income
$71.90 mln
Q1 Net Interest Margin
3.57%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Tompkins Financial Corp is $84.50, about 0.3% below its April 23 closing price of $84.72

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)