Loading...
•
Dec 31, 2019
Tompkins Q4 2019 Earnings Report
Reported an increase in earnings per share for the fourth quarter and full year.
Key Takeaways
Tompkins Financial Corporation reported diluted earnings per share of $1.40 for Q4 2019, up 13.8% over the same quarter in 2018. The quarter benefited from growth in average loans and deposits, along with a slight improvement in net interest margin. Asset quality trends remained strong.
Total loans of $4.9 billion were up 1.7% over total loans at December 31, 2018.
Total deposits of $5.2 billion reflect an increase of 6.6% over the prior year end.
Noninterest bearing deposits of $1.5 billion increased by 4.2% over December 31, 2018.
Net interest margin was 3.44% for the fourth quarter of 2019, up from 3.34% reported for the fourth quarter of 2018, and up from 3.43% for the third quarter of 2019.