FAQ: Tompkins Financial Corp.'s Q2 2025 Financial Results
Summary
Tompkins Financial Corporation reported significant improvements in its Q2 2025 financial results, including a 9.5% increase in diluted earnings per share and a 36.9% rise in net income compared to Q2 2024, driven by net interest margin expansion and business growth.
What were Tompkins Financial Corp.’s diluted earnings per share for Q2 2025?
Tompkins Financial Corp. reported diluted earnings per share of $1.50 for the second quarter of 2025.
How does the Q2 2025 net income compare to previous quarters?
Net income for Q2 2025 was $21.5 million, up 9.1% from Q1 2025 and 36.9% from Q2 2024.
What factors contributed to the increase in net income?
The increase in net income was mainly driven by net interest margin expansion and growth throughout the business, including average loan growth of 7.5% and average deposit growth of 5.2%.
What was the net interest margin for Q2 2025?
The net interest margin improved to 3.08% in Q2 2025, up 10 basis points from Q1 2025 and 35 basis points from Q2 2024.
How did total loans and deposits change by June 30, 2025?
Total loans at June 30, 2025, were up 1.8% from March 31, 2025, and 7.1% from June 30, 2024. Total deposits were $6.7 billion, unchanged from the prior quarter but up 6.8% from June 30, 2024.
What did the CEO say about the Q2 2025 results?
CEO Stephen Romaine noted the positive momentum, highlighting a 25% increase in year-to-date net income compared to 2024, driven by net interest margin expansion and business growth, with a commitment to supporting local communities and building customer relationships.
What was the provision expense for Q2 2025?
The provision expense for Q2 2025 was $2.8 million, compared to $5.3 million in Q1 2025 and $2.2 million in Q2 2024.
How did fee-based services revenues perform in Q2 2025?
Total fee-based services revenues for Q2 2025 were up $533,000 or 2.8% compared to Q2 2024.
What was the loan to deposit ratio at June 30, 2025?
The loan to deposit ratio at June 30, 2025, was 91.9%, compared to 89.8% at March 31, 2025, and 91.7% at June 30, 2024.
What was the regulatory Tier 1 capital to average assets at June 30, 2025?
Regulatory Tier 1 capital to average assets was 9.36% at June 30, 2025, up from 9.31% at March 31, 2025, and 9.15% at June 30, 2024.
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