Tompkins Financial (TMP) investor relations material

Executive summary

• Record first quarter 2026 diluted EPS of $1.82, up 32.8% year-over-year, but down 72.8% sequentially due to prior quarter's one-time gains from the sale of Tompkins Insurance Agencies (TIA).

• Net income for Q1 2026 was $26.1 million, up 32.5% year-over-year, but down 72.9% from Q4 2025, which included significant non-recurring items.

• Strong loan and deposit growth, expanding net interest margin, and robust capital and liquidity positions supported profitability.

Financial highlights

• Net interest income rose to $71.9 million, up 4.1% sequentially and 26.8% year-over-year, driven by higher net interest margin and loan growth.

• Noninterest income dropped 52.7% year-over-year to $11.8 million, mainly due to the sale of TIA and absence of prior year gains.

• Noninterest expense decreased 5.7% year-over-year to $47.7 million, reflecting lower salaries and benefits after TIA sale.

• Provision for credit losses was $1.5 million, down from $5.3 million in Q1 2025.

• Net charge-offs were $775,000, down from $3.3 million in Q4 2025 and up slightly from $733,000 in Q1 2025.

Outlook and guidance

• Management expects continued momentum in earnings and balance sheet strength, positioning the company well for future growth.