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Sep 30, 2024
Tompkins Q3 2024 Earnings Report
Tompkins Financial Corporation reported an increase in diluted earnings per share and net income for the third quarter of 2024.
Key Takeaways
Tompkins Financial Corporation reported a strong third quarter with diluted earnings per share of $1.30, up 155.3% year-over-year. Net income for the quarter was $18.6 million, an increase of 155.9% compared to the third quarter of 2023. The company's performance was driven by a strengthening net interest margin and growth across its business lines.
Diluted earnings per share increased by 155.3% compared to the third quarter of 2023, reaching $1.30.
Net income rose by 155.9% year-over-year to $18.6 million.
Net interest margin expanded by 6 basis points compared to the previous quarter.
Total loans increased by $119.4 million, representing an annualized growth rate of 8.2%.
Tompkins
Tompkins
Tompkins Revenue by Segment
Revenue by Segment
Insurance Fees Revenue
CapyFin.comWealth Mgmt Fees Revenue
CapyFin.comCard Services Revenue
CapyFin.comOther Income Revenue
CapyFin.com Forward Guidance
The company did not provide specific forward guidance in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income