Tompkins Financial Reports Strong Q3 Earnings, EPS Up 26.9%

Tompkins Financial Corporation (NYSE American:TMP) announced improved financial results for the third quarter of 2025, reporting a 26.9% year-over-year increase in diluted earnings per share.

For the quarter ended September 30, 2025, the company posted net income of $23.7 million, or $1.65 per diluted share, compared to $18.6 million, or $1.30 per diluted share, in the third quarter of 2024. This represents a 27.0% increase in net income and a 26.9% rise in diluted earnings per share.

Year-to-date net income for the nine months ended September 30, 2025, was $64.8 million, up 26.6% from $51.2 million for the same period in 2024. Diluted earnings per share for the nine-month period increased 25.9% to $4.52 from $3.59.

President and CEO Stephen Romaine commented, "Our third quarter financial results highlight the strength of our team and balance sheet." He attributed the performance to continued net interest margin expansion and loan and deposit growth of 7%. Romaine also noted, "Our improved earnings reflected the results of investments in our business, as expenses for the 2025 year-to-date period were up over 4% compared to the prior year period."

Net interest income rose 20.1% to $63.9 million in the third quarter of 2025 compared to the prior year, while the net interest margin expanded to 3.20%, up 41 basis points from 2.79% in the third quarter of 2024. Total loans grew 6.9% year-over-year to $6.288 billion, and total deposits increased 7.2% to $7.1 billion.

Noninterest expense increased 8.0% to $53.8 million in the third quarter of 2025 compared to the prior year, driven by higher personnel and other operating expenses related to investments in future growth. The company's provision for credit losses was $2.5 million for the quarter.

In addition, Tompkins Financial's Board of Directors declared a quarterly dividend of $0.65 per share, payable on November 14, 2025, to common shareholders of record on November 7, 2025.