Tompkins Financial Posts Record First-Quarter 2026 Earnings

Tompkins Financial Corporation ( (TMP) ) just unveiled an announcement.

Tompkins Financial Corporation reported record first-quarter 2026 results on April 24, 2026, with diluted earnings per share rising 32.8% year over year to $1.82 and net income climbing 32.5% to $26.1 million, driven by higher net interest income, improved net interest margin and solid loan and deposit growth. Performance was supported by a 3.57% net interest margin, lower funding costs, strong capital ratios and generally stable credit quality, while the sale of Tompkins Insurance Agencies in late 2025 reduced noninterest income but also cut expenses, and the board declared a dividend of $0.67 per share on April 23, 2026, payable May 15 to shareholders of record on May 8.

Net interest margin expansion reflected reinvestment of securities at higher yields, growth in commercial real estate and commercial and industrial loans, and lower average costs for deposits and other interest-bearing liabilities. Asset quality indicators remained solid, with modest net charge-offs, lower nonperforming asset levels than a year earlier and allowance coverage above 100% of nonperforming loans, while capital ratios stayed well above regulatory well-capitalized thresholds, underscoring balance-sheet strength despite the loss of insurance-related fee income.

The most recent analyst rating on (TMP) stock is a Buy 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 Neutral.

The score is driven primarily by improved profitability and balance-sheet leverage, tempered by a significant cash-flow deterioration that raises earnings-quality risk. Valuation is a major positive (low P/E and solid yield), while technical indicators point to weak near-term momentum; corporate updates are broadly positive but secondary.

To see Spark’s full report on TMP stock, click here.

More about Tompkins Financial Corporation

Tompkins Financial Corporation is a regional financial services company headquartered in Ithaca, N.Y., operating as a community banking organization listed on the NYSE American under the ticker TMP. The company focuses on providing commercial and consumer banking services, including loans, deposit products and related financial services, with a balance-sheet-driven model emphasizing net interest income and conservative capital and asset quality metrics.

Average Trading Volume: 70,685

Technical Sentiment Signal: Buy

Current Market Cap: $1.22B

See more insights into TMP stock on TipRanks’ Stock Analysis page.