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 ...

Financial Performance - Net income attributable to Tompkins Financial Corporation was $21,340 thousand for the three months ended September 30, 2022, compared to $21,342 thousand in the same period last year, indicating a marginal decrease [15]. - For the nine months ended September 30, 2022, net income available to common shareholders was $65,482,000, a decrease from $69,799,000 in 2021, representing a decline of 6.7% [81]. - Net income for Q3 2022 was $21.3 million, or $1.48 diluted earnings per share, unchanged from Q3 2021 [168]. - The banking segment reported net income of $18.0 million for Q3 2022, a 1.4% increase from Q3 2021; however, net income for the nine months ended September 30, 2022, decreased by $3.8 million, or 6.2% [171]. Assets and Liabilities - Total assets decreased to $7,779,941 thousand as of September 30, 2022, from $7,819,982 thousand as of December 31, 2021, representing a decline of 0.5% [12]. - The total shareholders' equity as of September 30, 2022, was $572,959,000, a decrease from $728,253,000 as of September 30, 2021 [24]. - The company reported total assets of $7.8 billion at September 30, 2022, down $40.0 million or 0.5% from December 31, 2021, primarily due to decreased security balances [203]. Loans and Leases - Net loans and leases increased to $5,163,664 thousand, up from $5,032,624 thousand, reflecting a growth of 2.6% year-over-year [12]. - Total loans and leases reached $5.2 billion at September 30, 2022, an increase of $133.0 million or 2.6% from December 31, 2021, primarily in commercial and residential real estate portfolios [210]. - The total past due loans as of September 30, 2022, were $24,109, compared to $11,227 as of December 31, 2021, indicating a significant increase in past due loans [49]. Income and Expenses - Net interest income for the three months ended September 30, 2022, was $58,111 thousand, compared to $56,098 thousand for the same period in 2021, marking a growth of 3.6% [15]. - Noninterest expenses for the nine months ended September 30, 2022, totaled $37,286 thousand, an increase from $35,519 thousand in the same period of 2021, indicating a rise of approximately 5% [96]. - Noninterest income for the three months ended September 30, 2022, was $20.692 million, a slight decrease from $20.854 million in the same period of 2021 [105]. Comprehensive Income - Total comprehensive loss attributable to Tompkins Financial Corporation was $(43,028) thousand for the three months ended September 30, 2022, compared to a gain of $14,130 thousand in the same period last year [17]. - The total comprehensive loss for the nine months ended September 30, 2022, was $42,997,000 compared to a total comprehensive income of $14,162,000 for the same period in 2021 [24]. - The total other comprehensive loss income for the nine months ended September 30, 2022, was $(243,237) thousand, compared to $(55,094) thousand for the same period in 2021, reflecting a substantial decline in comprehensive income [85]. Credit Quality and Losses - The allowance for credit losses (ACL) at the end of September 30, 2022, was $44,772,000, reflecting a decrease from the beginning balance of $43,793,000 [62]. - The provision for credit loss expense for the three months ended September 30, 2022, was $1,101,000, compared to a provision of $(1,177,000) for the same period in 2021 [64]. - The company recognized no interest income on nonaccrual loans during the three and nine months ended September 30, 2022 and 2021 [53]. Securities and Investments - Total available-for-sale debt securities as of September 30, 2022, amounted to $2,010,101, with a fair value of $1,740,936, reflecting unrealized losses of $269,174 [34]. - The company reported a net unrealized loss of $85,912,000 on available-for-sale debt securities for Q3 2022, compared to a loss of $10,400,000 in Q3 2021, showing a significant increase in losses [82]. - The available-for-sale debt securities portfolio had net unrealized losses of $269.2 million as of September 30, 2022, compared to $19.3 million at December 31, 2021, due to increases in market interest rates [206]. Operational Segments - The company operates through three reportable segments: Banking, Insurance, and Wealth Management, with distinct revenue streams and performance obligations [110]. - The insurance segment reported net income of $2.7 million for Q3 2022, an increase of $467,000 or 20.7% compared to Q3 2021, with total noninterest revenue up $1.0 million or 10.1% [176]. - The wealth management segment reported net income of $596,000 for Q3 2022, down $721,000 or 54.8% from Q3 2021, with revenue decreasing by $705,000 or 14.0% [179].

Financial Performance - Net income attributable to Tompkins Financial Corporation for the three months ended June 30, 2022, was $20,869 thousand, down from $22,831 thousand in the same period last year, a decrease of 8.59%[15]. - Basic earnings per share for the three months ended June 30, 2022, was $1.45, compared to $1.55 for the same period in 2021, a decline of 6.45%[15]. - For the six months ended June 30, 2022, net income available to common shareholders was $44,142,000, resulting in a basic EPS of $3.06 and diluted EPS of $3.05[79]. - The company experienced a decrease in net income from $48,457,000 in the prior year to $44,142,000 in the current year for the six-month period[79]. - Net income for Q2 2022 was $20.9 million, or $1.45 diluted earnings per share, down 8.6% from $22.8 million, or $1.54 per share in Q2 2021[166]. Asset Management - Total assets increased to $7,842,461 thousand as of June 30, 2022, compared to $7,819,982 thousand as of December 31, 2021, reflecting a growth of 0.29%[12]. - As of June 30, 2022, total shareholders' equity was $624,318,000, a decrease from $728,253,000 at the same time in 2021[24]. - The total available-for-sale debt securities amounted to $2,075,020, with a fair value of $1,891,718, reflecting unrealized losses of $183,448[33]. - The total assets included cash and cash equivalents of $80,392 and securities held-to-maturity valued at $312,315, with a fair value of $274,660[133]. - Total assets as of June 30, 2022, were $7.8 billion, up $22.5 million or 0.3% from December 31, 2021, primarily due to loan growth[200]. Loans and Leases - Net loans and leases rose to $5,118,710 thousand, up from $5,032,624 thousand, marking an increase of 1.71%[12]. - Total loans and leases amounted to $15,101,000 in nonaccrual loans and $26,033,000 in loans and leases past due over 89 days as of December 31, 2021[54]. - The total past due loans and leases as of June 30, 2022, were $22,669, representing an increase from $11,227 as of December 31, 2021[48]. - The total commercial real estate loans reached $2,770,574 as of June 30, 2022, up from $2,653,154 as of December 31, 2021[46]. - Total loans and leases for Q2 2022 were $5.12 billion, with a yield of 4.14%, slightly up from 4.10% in Q2 2021[179]. Income and Expenses - Net interest income for the three months ended June 30, 2022, was $58,262 thousand, compared to $54,846 thousand for the same period in 2021, representing an increase of 4.83%[15]. - Noninterest income totaled $18,944 thousand for the three months ended June 30, 2022, slightly up from $18,858 thousand in the prior year, an increase of 0.46%[15]. - Total other operating expenses for the six months ended June 30, 2022, were $25,049, compared to $21,355 for the same period in 2021, reflecting an increase of approximately 17%[94]. - Noninterest expense for Q2 2022 was $39.4 million, an increase of $1.5 million or 4.0% compared to Q2 2021, influenced by one-time expenses related to the consolidation of banking charters[173]. - Noninterest income for Q2 2022 was $6.3 million, down $118,000 or 1.8% from Q2 2021, primarily due to reduced income on bank-owned life insurance and lower gains on residential loans[172]. Credit Losses and Provisions - The allowance for credit losses (ACL) increased to $43,793,000 by the end of June 30, 2022, from $42,126,000 at the beginning of the period[63]. - The provision for credit loss expense for the three months ended June 30, 2022, was $(4,901,000), indicating a reversal compared to a provision of $336,000 in the same period last year[114]. - The provision for credit losses was an expense of $856,000 for Q2 2022, compared to a credit of $3.1 million in Q2 2021[171]. - The company recorded no new troubled debt restructurings (TDRs) during the three and six months ended June 30, 2022, or 2021[70]. - The company utilizes a discounted cash flow (DCF) method to estimate expected credit losses, adjusting for factors such as prepayment speed and probability of default[56]. Shareholder Equity and Dividends - The company declared cash dividends of $0.57 per share, totaling $8,299,000 for the six months ended June 30, 2022[24]. - The company’s common stock repurchased and returned to unissued status amounted to 49,629 shares, resulting in a reduction of $3,758,000 in equity[24]. - The company’s retained earnings as of June 30, 2022, were $502,770,000, an increase from $450,773,000 in the previous year[25]. - The company has maintained a strong capital position with a total equity ratio of approximately 9.1% as of June 30, 2022[114]. - Total equity as of June 30, 2022, was $728,253,000, compared to $667,007,000 in the previous year, reflecting an increase of 9%[114]. Market and Regulatory Environment - Tompkins Financial Corporation is regulated under the Bank Holding Company Act and is subject to examination by the Federal Reserve Board[26]. - The company merged its four wholly-owned banking subsidiaries into Tompkins Trust Company, which was renamed Tompkins Community Bank effective January 1, 2022[26]. - The Company’s strategic initiative includes a focus on responsible and sustainable growth, targeting acquisitions of financial institutions and branches to enhance market presence[145]. - The Company’s insurance subsidiary, Tompkins Insurance, has successfully consolidated smaller agencies, expanding its market reach and service offerings[148]. - The Company’s wealth management services are provided under the trade name Tompkins Financial Advisors, enhancing customer service integration[147].

Financial Performance - Net income attributable to Tompkins Financial Corporation for the three months ended March 31, 2022, was $23,273 thousand, a decrease of 8.7% from $25,626 thousand for the same period in 2021[14]. - The company reported a basic earnings per share of $1.61 for Q1 2022, down from $1.73 in Q1 2021, reflecting a decrease of 6.9%[14]. - Net income available to common shareholders for the three months ended March 31, 2022, was $23,273,000, a decrease of 9.3% from $25,626,000 in the same period of 2021[76]. - Net income for Q1 2022 was $23.3 million, or $1.60 diluted earnings per share, down from $25.6 million, or $1.72 diluted earnings per share in Q1 2021[145]. - The banking segment reported net income of $20.3 million for Q1 2022, a decrease of $2.0 million or 8.9% from Q1 2021[148]. - The insurance segment reported net income of $2.1 million for Q1 2022, down $58,000 or 2.7% from Q1 2021, with insurance commissions up $271,000 or 3.5%[153]. - The wealth management segment's net income was $840,000 for Q1 2022, a decrease of $301,000 or 26.4% compared to Q1 2021, primarily due to a $447,000 or 13.6% increase in noninterest expenses[155]. Assets and Liabilities - Total assets increased to $7,891,111 thousand as of March 31, 2022, compared to $7,819,982 thousand as of December 31, 2021, reflecting a growth of 0.9%[12]. - Cash and cash equivalents at the end of the period were $175,075 thousand, a significant decrease from $518,425 thousand at the end of Q1 2021[19]. - Total deposits rose to $7,016,739 thousand as of March 31, 2022, up 3.3% from $6,791,435 thousand as of December 31, 2021[12]. - Total equity as of March 31, 2022, was $657,492,000, compared to $709,936,000 at the end of 2021, indicating a decrease in equity[106]. - The company reported total assets of $7,891,111,000 as of March 31, 2022, compared to $8,095,342,000 at the end of 2021, showing a decrease in total assets[105]. - The total loans and leases as of March 31, 2022, were $5,068,294,000, a slight decrease from $5,082,288,000 as of December 31, 2021[47]. - The total allocation for allowance for credit losses (ACL) was $67,000 as of December 31, 2021, indicating a slight increase from previous periods[65]. Income and Expenses - Net interest income after credit for credit loss expense was $57,134 thousand for Q1 2022, slightly up from $56,867 thousand in Q1 2021, indicating a growth of 0.5%[14]. - Noninterest income remained stable at $19,985 thousand for Q1 2022, compared to $19,983 thousand in Q1 2021, showing a marginal increase[14]. - Total noninterest expenses increased to $46,839 thousand in Q1 2022, up 5.2% from $44,511 thousand in Q1 2021[14]. - Noninterest expense for the three months ended March 31, 2022, was $46,839,000, compared to $44,511,000 in the same period of 2021, reflecting an increase of approximately 5.2%[105]. - Total other income for Q1 2022 was $1,476,000, a decrease of 25.3% compared to $1,974,000 in Q1 2021[86]. - Noninterest income for Q1 2022 was $20.0 million, representing 26.1% of total revenue, consistent with the prior year[164]. Credit Quality and Provisions - The allowance for credit losses decreased to $42,126 thousand as of March 31, 2022, from $42,843 thousand as of December 31, 2021, reflecting a reduction of 1.7%[12]. - The provision for credit losses was a credit of $520,000 for Q1 2022, compared to a credit of $1.8 million in Q1 2021[150]. - The company recognized a credit provision for credit loss expense of $(734) for the three months ended March 31, 2022[62]. - The company reported recoveries of $263 during the three months ended March 31, 2022[62]. - The company continues to monitor credit conditions carefully at the individual borrower level and by industry segment[143]. - The ratio of nonperforming assets to total assets was 0.38% at March 31, 2022, down from 0.40% at December 31, 2021[197]. Securities and Investments - Total available-for-sale debt securities as of March 31, 2022, were valued at $1,981,148,000, compared to $2,044,513,000 at December 31, 2021, indicating a decrease of approximately 3.1%[32]. - The company reported unrealized losses on available-for-sale debt securities of $127,048,000 as of March 31, 2022, compared to $32,903,000 at December 31, 2021, reflecting a significant increase in losses[32]. - The fair value of U.S. Treasuries was $178,903,000, reflecting unrealized losses of $12,094,000[34]. - The total held-to-maturity debt securities as of March 31, 2022, was $280,917,000, with unrealized losses of $22,607,000[35]. - The company’s securities portfolio was $2.3 billion, representing 29.0% of total assets, with a decrease in unrealized losses due to market interest rate changes[175]. Operational Changes - The company merged its four wholly-owned banking subsidiaries into Tompkins Community Bank effective January 1, 2022, streamlining operations[24]. - Tompkins Community Bank operates 63 banking offices, with 43 in New York and 20 in Pennsylvania[126]. - The Company aims for responsible and sustainable growth, including potential acquisitions of financial institutions and branches[125]. Regulatory and Compliance - Tompkins Financial Corporation is regulated under the Bank Holding Company Act and is subject to examination by the Federal Reserve Board[24]. - The company has a wholly-owned insurance agency subsidiary, Tompkins Insurance Agencies, Inc., which is also subject to regulatory oversight[26]. - The capital ratios also surpassed the minimum required capital ratios for well-capitalized institutions[210].

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, 2021 ☐ 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) 118 E. Seneca Street, P.O. ...