Tompkins Financial Sells Subsidiary for $223 Million

Tompkins Financial Corporation ( (TMP) ) has provided an update.

On November 3, 2025, Tompkins Financial Corporation announced the sale of its subsidiary, Tompkins Insurance Agencies, Inc. (TIA), to Arthur J. Gallagher & Co. for approximately $223 million in cash, resulting in a pre-tax gain of $183 million. This strategic move allows TIA to leverage Gallagher’s global resources while continuing to serve its existing customer base. The transaction is expected to enhance Tompkins’ financial flexibility, enabling it to replace the earnings of the sold subsidiary and support future strategic investments.

The most recent analyst rating on (TMP) stock is a Hold with a $72.00 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 overall stock score for Tompkins Financial Corporation is driven primarily by its strong financial performance and attractive valuation. The company’s steady revenue growth and improved profitability margins are significant strengths. However, technical analysis indicates a bearish trend, which slightly offsets the positive financial and valuation aspects.

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

More about Tompkins Financial Corporation

Tompkins Financial Corporation is a banking and financial services company based in Ithaca, NY, serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. It operates Tompkins Community Bank, which offers wealth management services under the Tompkins Financial Advisors brand, including investment management, trust and estate, financial and tax planning services.

Average Trading Volume: 43,589

Technical Sentiment Signal: Buy

Current Market Cap: $915.8M

For a thorough assessment of TMP stock, go to TipRanks’ Stock Analysis page.