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Dec 31, 2022
Tompkins Q4 2022 Earnings Report
Reported an increase in fourth quarter earnings.
Key Takeaways
Tompkins Financial Corporation reported diluted earnings per share of $1.36 for the fourth quarter of 2022, up 2.3% compared to $1.33 reported in the fourth quarter of 2021. Net income for the fourth quarter of 2022 was $19.5 million, which was unchanged when compared to the same period in 2021.
Diluted earnings per share increased to $1.36 for Q4 2022, a 2.3% increase year-over-year.
Net income for Q4 2022 remained unchanged at $19.5 million compared to Q4 2021.
Net interest margin was 3.02% for the fourth quarter of 2022, up compared to the 3.01% reported for the fourth quarter of 2021.
Nonperforming assets represented 0.43% of total assets at December 31, 2022, up from 0.40% at December 31, 2021.
Tompkins
Tompkins
Forward Guidance
The company remains focused on growth that is built on quality customer relationships and on improving the overall efficiency of the Company, while facing economic uncertainty and a challenging interest rate environment.