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Mar 31, 2021
Tompkins Q1 2021 Earnings Report
Tompkins Financial Corporation reported record earnings per share, driven by favorable revenue trends and decreased expenses.
Key Takeaways
Tompkins Financial Corporation reported a strong first quarter with record earnings, driven by increased net interest income, insurance commissions, and investment services fees, coupled with decreased expenses.
Diluted earnings per share increased by 224.5% compared to the first quarter of 2020.
Net income rose by 222.4% compared to the same period last year.
Net interest income increased due to PPP loan fees and lower deposit rates.
Noninterest income grew, supported by increases in insurance commissions, investment services income, and card services income.
Tompkins
Tompkins
Tompkins Revenue by Segment
Revenue by Segment
Insurance Fees Revenue
CapyFin.comWealth Mgmt Fees Revenue
CapyFin.comCard Services Revenue
CapyFin.comRevenue & Expenses
Visualization of income flow from segment revenue to net income