Earnings Performance - Diluted earnings per share for Q2 2024 were $1.10, down 6.8% from Q1 2024, but up 86.4% from $0.59 in Q2 2023[1] - Net income for Q2 2024 was $15.7 million, down 7.1% from the prior quarter, but up 85.0% from $8.5 million in Q2 2023[1] - Year-to-date net income for the first half of 2024 was $32.6 million, an increase of 16.9% compared to $27.9 million in the same period of 2023[2] - Net income attributable to Tompkins Financial Corporation was $15,682 thousand for the three months ended June 30, 2024, compared to $8,475 thousand for the same period in 2023, an increase of 85.66%[28] - Basic earnings per share for the three months ended June 30, 2024, was $1.10, compared to $0.59 for the same period in 2023, an increase of 86.44%[28] - The company reported a net income of $15,682 for the quarter, compared to $16,872 in the previous quarter, a decrease of 7.1%[36] Income and Revenue - Net interest income for Q2 2024 was $51.0 million, up from $50.7 million in Q1 2024, but down from $51.9 million in Q2 2023[5] - Noninterest income for Q2 2024 was $21.8 million, up 72.6% compared to the same period in 2023[12] - Net interest income after provision for credit loss expense was $48,781 thousand for the three months ended June 30, 2024, compared to $49,643 thousand for the same period in 2023, a decrease of 1.74%[28] - Noninterest income totaled $21,776 thousand for the three months ended June 30, 2024, compared to $12,615 thousand for the same period in 2023, an increase of 72.56%[28] - Net interest income for the year-to-date period ended June 30, 2024, was $101,628 thousand, compared to $106,142 thousand for the same period in 2023[33] Assets and Liabilities - Total assets increased to $7,869,522 thousand as of June 30, 2024, compared to $7,819,749 thousand at December 31, 2023, reflecting a growth of 0.64%[27] - Net loans and leases rose to $5,708,805 thousand, up from $5,554,351 thousand, marking an increase of 2.77%[27] - Total deposits at June 30, 2024, were $6.3 billion, down 2.5% from March 31, 2024, and down 2.6% from June 30, 2023[9] - Total deposits decreased to $6,285,896 thousand from $6,399,847 thousand, a decline of 1.77%[27] - Total loans and leases rose to $5,687,548 thousand in Q2 2024, compared to $5,621,604 thousand in Q1 2024, reflecting a net interest margin of 5.22%[30] Credit Quality - Nonperforming assets represented 0.79% of total assets at June 30, 2024, up from 0.41% at June 30, 2023[18] - The provision for credit loss expense was $2,172 thousand for the three months ended June 30, 2024, compared to $2,253 thousand for the same period in 2023, a decrease of 3.59%[28] - Nonperforming loans and leases totaled $62,468, slightly down from $62,695 in the previous quarter, indicating a decrease of 0.4%[37] - The allowance for credit losses increased to $53,059 thousand in Q2 2024 from $51,704 thousand in Q1 2024[34] - The allowance for credit losses at the end of the period was $53,059, up from $51,704 in the prior quarter, marking a 2.6% increase[38] Capital and Ratios - The ratio of total capital to risk-weighted assets was 13.26% at June 30, 2024, compared to 14.48% at June 30, 2023[20] - Total capital to risk-weighted assets ratio was 13.26%, slightly down from 13.43% in the previous quarter, a decrease of 1.3%[38] - The company reported a total equity of $676,093 thousand as of June 30, 2024, up from $669,934 thousand at December 31, 2023, an increase of 0.17%[27] - Total equity as of June 30, 2024, was $662,969 thousand, down from $666,752 thousand at the end of March 2024[30] Deposits and Interest Rates - The loan to deposit ratio at June 30, 2024, was 91.7%, compared to 87.5% for the prior quarter[9] - Average cost of deposits rose to 1.61%, up from 1.54% in the previous quarter, reflecting an increase of 4.5%[38] - Interest-bearing deposits totaled $4,486,094 thousand in Q2 2024, an increase from $4,535,107 thousand in Q1 2024, with an average yield of 2.27%[30] - The interest rate spread decreased to 1.91% in Q2 2024 from 1.95% in Q1 2024[30] - The average yield on total interest-earning assets improved to 4.56% in Q2 2024 from 4.47% in Q1 2024[30]

Financial Performance - Net income attributable to Tompkins Financial Corporation for the three months ended March 31, 2024, was $16,872 thousand, down 13.0% from $19,381 thousand for the same period in 2023[14]. - Basic earnings per share decreased to $1.19 for Q1 2024, down from $1.35 in Q1 2023, a decline of 11.9%[14]. - Total comprehensive income for the first quarter of 2024 was $7,092,000, significantly lower than $40,255,000 reported in the first quarter of 2023[23]. - Net income available to common shareholders for Q1 2024 was $16,872,000, down from $19,381,000 in Q1 2023, a reduction of about 7.76%[82]. - Return on average assets (ROA) for Q1 2024 was 0.87%, compared to 1.03% in Q1 2023; return on average shareholders' equity (ROE) was 10.18%, down from 12.45% in the same period[168]. Income and Revenue - Total interest and dividend income increased to $83,183 thousand for Q1 2024, a rise of 19.9% compared to $69,238 thousand in Q1 2023[14]. - Noninterest income rose to $22,137 thousand in Q1 2024, up 8.5% from $20,400 thousand in Q1 2023[14]. - The total noninterest income for the three months ended March 31, 2024, was $22,137,000, an increase from $20,400,000 in the same period of 2023, representing a growth of approximately 8.5%[99]. - Commissions and fees from insurance revenues increased to $10,259,000 for the three months ended March 31, 2024, compared to $9,509,000 in 2023, reflecting a rise of 7.9%[99]. - Trust and asset management income rose to $4,468,000 for the three months ended March 31, 2024, up from $3,435,000 in 2023, indicating a growth of 30.1%[99]. Expenses - Total noninterest expenses slightly decreased to $49,857 thousand in Q1 2024 from $50,158 thousand in Q1 2023, a reduction of 0.6%[14]. - Noninterest expenses decreased by $485,000 or 1.2% to $39.4 million in Q1 2024, with reductions in salary and employee benefits[174]. - The net periodic benefit cost for pension benefits was reported as a cost of $141,000 for the three months ended March 31, 2024, compared to a cost of $72,000 in 2023[88]. - The marketing expense for the three months ended March 31, 2024, was $975,000, a decrease from $1,105,000 in the same period of 2023[91]. Assets and Liabilities - Total assets decreased to $7,778,034 thousand as of March 31, 2024, from $7,819,749 thousand as of December 31, 2023, representing a decline of 0.5%[12]. - Total deposits increased to $6,449,616 thousand as of March 31, 2024, compared to $6,399,847 thousand as of December 31, 2023, reflecting a growth of 0.8%[12]. - The total available-for-sale debt securities as of March 31, 2024, amounted to $1,366,355,000, down from $1,416,650,000 at December 31, 2023[37]. - The fair value of available-for-sale debt securities as of March 31, 2024, was $1.366 billion, a decrease from $1.416 billion at December 31, 2023[115]. - The fair value of held-to-maturity debt securities totaled $265,102,000 as of March 31, 2024, compared to $312,415,000 at the end of the previous quarter[38]. Loans and Credit Quality - Total loans and leases increased to $5,645,359,000 as of March 31, 2024, up from $5,610,929,000 on December 31, 2023, representing a growth of approximately 0.6%[52]. - Nonaccrual loans totaled $41,905,000 as of March 31, 2024, with no related allowance for credit losses, indicating a focus on managing credit risk[57]. - The allowance for credit losses on loans and leases increased to $51,704,000 as of March 31, 2024, from $51,584,000 at the beginning of the period, reflecting a net increase of $120,000[69]. - The provision for credit loss expense for the three months ended March 31, 2024, was $348,000, compared to a provision expense of $(1,180,000) for the same period in 2023, indicating a significant improvement[70]. - The company recognized $0 of interest income on nonaccrual loans during the three months ended March 31, 2024, highlighting potential challenges in loan recoverability[59]. Market and Regulatory Information - Tompkins Financial Corporation's common stock is traded on the NYSE American under the symbol "TMP" and is regulated under the Bank Holding Company Act[25]. - The company adopted ASU 2023-02, which allows for consistent accounting for equity investments made primarily for tax credits, effective for fiscal years beginning after December 15, 2023[31]. - The company expects average assets to exceed $8.0 billion for the 2024 tax year, impacting tax benefits eligibility[202]. Strategic Initiatives - The Company is focused on responsible and sustainable growth, including potential acquisitions of financial institutions and branches to enhance its market presence[149]. - Tompkins Community Bank operates 55 banking offices, with 39 in New York and 16 in Pennsylvania, providing a range of commercial and consumer banking services[150]. - The Company aims to enhance its wealth management services through Tompkins Financial Advisors, which offers investment management and financial planning[151]. - Tompkins Insurance has successfully consolidated smaller insurance agencies into its operations, expanding its service offerings in the market areas served by the banking subsidiaries[152].

Earnings Performance - Diluted earnings per share for Q1 2024 were $1.18, up 12.4% from the previous quarter, but down 12.6% from $1.35 in Q1 2023[1] - Net income for Q1 2024 was $16.9 million, a 12.5% increase from the prior quarter, but a 13.0% decrease from $19.4 million in Q1 2023[2] - Net income attributable to Tompkins Financial Corporation was $16,872 thousand for Q1 2024, down from $19,381 thousand in Q1 2023, a decline of 13.00%[26] - Basic earnings per share for Q1 2024 was $1.19, compared to $1.35 in Q1 2023, reflecting a decrease of 11.85%[26] - Basic earnings per share for the quarter were $1.19, compared to $1.06 in the previous quarter[31] Income and Revenue - Noninterest income for Q1 2024 was $22.1 million, up 8.5% from Q1 2023, driven by increases in fee-based revenues[11] - Interest and dividend income for Q1 2024 was $83,183 thousand, up 19.99% from $69,238 thousand in Q1 2023[26] - Net interest income after provision for credit loss expense was $49,821 thousand, a decrease of 9.83% compared to $55,071 thousand in Q1 2023[26] - Noninterest income increased to $22,137 thousand, up from $20,400 thousand in Q1 2023, marking an increase of 8.54%[26] - Noninterest income for the quarter was $22,137 thousand, an increase from $18,850 thousand in the previous quarter[31] Expenses and Costs - Total operating expenses were $49.9 million in Q1 2024, down 2.8% from Q4 2023 and 0.6% from Q1 2023[9] - Average cost of deposits rose to 1.54% in Mar-24 from 1.43% in Dec-23, reflecting increased funding costs[33] Loans and Assets - Average loans increased by $134.9 million, or 2.5%, from Q4 2023, and by $370.3 million, or 7.1%, from Q1 2023, mainly in the commercial real estate portfolio[7] - Total loans and leases rose to $5,621,604 thousand, with net interest income from loans at $71,779 thousand, yielding 5.14%[28] - Total loans and leases past due and accruing increased to $8,166,000 in Mar-24 from $4,311,000 in Dec-23, reflecting a significant rise[33] Interest and Margins - Net interest income decreased to $50.7 million in Q1 2024, down from $52.4 million in Q4 2023 and $54.2 million in Q1 2023, primarily due to increased funding costs[5] - The net interest margin for Q1 2024 was 2.73%, down from 2.82% in Q4 2023 and 2.99% in Q1 2023, due to higher funding costs[4] - The interest rate spread for Q1 2024 was 1.95%, down from 2.09% in the previous quarter[27] - The interest rate spread decreased to 1.95% from 2.55% year-over-year[28] - Average yield on interest-earning assets increased to 4.47% in Mar-24 from 4.34% in Dec-23, reflecting better asset performance[33] Deposits and Liquidity - Total deposits at March 31, 2024, were $6.4 billion, up $49.8 million, or 0.8%, from December 31, 2023, but down $59.4 million, or 0.9%, from March 31, 2023[9] - Total deposits rose to $6,449,616 thousand, an increase of 0.78% from $6,399,847 thousand[24] - The Company's liquidity position included $1.5 billion in ready access liquidity, representing 19.3% of total assets at March 31, 2024[20] Credit Quality - The allowance for credit losses was 0.92% of total loans at March 31, 2024, up from 0.87% at March 31, 2023[14] - The allowance for credit losses increased to $51,704 thousand, up from $51,584 thousand in the previous quarter[29] - The provision for credit losses was $348,000 in Mar-24, a decrease from $2,658,000 in Dec-23, suggesting improved credit quality[33] - Nonperforming assets totaled $62,695 thousand, with nonaccrual loans and leases at $62,544 thousand[32] - Nonperforming loans and leases to total loans and leases ratio remained stable at 1.11% in Mar-24, unchanged from Dec-23[33] Capital and Equity - Total equity decreased slightly to $669,338 thousand as of March 31, 2024, from $669,934 thousand as of December 31, 2023[24] - The total capital to risk-weighted assets ratio was 13.43% in Mar-24, up from 13.36% in Dec-23, indicating strong capital adequacy[33] - Tangible book value per share (Non-GAAP) was $39.85 in Mar-24, slightly down from $39.88 in Dec-23[35] Asset Management - Total assets decreased to $7,778,034 thousand as of March 31, 2024, from $7,819,749 thousand as of December 31, 2023, representing a decline of 0.53%[24] - Total interest-earning assets increased to $7,517,705 thousand with a net interest income of $50,675 thousand, reflecting a yield of 4.47%[28]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______to ______ Commission File Number 1-12709 Tompkins Financial Corporation (Exact name of registrant as specified in its charter) (State or other jurisdicti ...

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to ______ Commission File Number 1-12709 Tompkins Financial Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to ______ Commission File Number 1-12709 Tompkins Financial Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Id ...

Tompkins Financial Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______to ______ Commission File Number 1-12709 Tompkins Financial Corporation Registrant's telephone number, including area code: (888) 503-5753 Securities reg ...

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to ______ Commission File Number 1-12709 Tompkins Financial Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of incor ...

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to ______ Commission File Number 1-12709 Tompkins Financial Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of inco ...