FAQ: Tompkins Financial Corp. Q3 2025 Financial Results
Summary
Tompkins Financial Corp. reported strong third quarter 2025 financial results with significant improvements in earnings, net interest margin, and loan/deposit growth compared to both the previous quarter and the same period last year.
What were Tompkins Financial’s key earnings results for Q3 2025?
Tompkins reported diluted earnings per share of $1.65 for Q3 2025, up 10.0% from the previous quarter and 26.9% from Q3 2024, with net income of $23.7 million, up 27.0% year-over-year.
How did Tompkins Financial’s net interest margin perform in Q3 2025?
Net interest margin improved to 3.20% in Q3 2025, up 12 basis points from the previous quarter and 41 basis points from Q3 2024, driven by increased yields on interest-earning assets and higher average loan balances.
What growth did Tompkins Financial experience in loans and deposits?
Total loans grew 6.9% year-over-year to reach $406.8 million more than September 2024, while total deposits increased 7.2% year-over-year to $7.1 billion, up $475.2 million from September 2024.
How did the company’s year-to-date performance compare to the previous year?
For the nine months ended September 30, 2025, diluted earnings per share were $4.52, up 25.9% from $3.59 in the same period of 2024, with year-to-date net income of $64.8 million, up 26.6% from $51.2 million.
What factors contributed to the improved financial performance?
CEO Stephen Romaine attributed the strong results to net interest margin expansion, 7% loan and deposit growth, and strategic business investments, though expenses for the 2025 year-to-date period were up over 4% compared to the prior year.
How did the company’s capital position and loan-to-deposit ratio change?
Regulatory Tier 1 capital to average assets improved to 9.41% at September 30, 2025, up from 9.19% a year earlier, while the loan-to-deposit ratio was 89.2%, down from 91.9% at June 30, 2025.
What was the trend in provision expense and cost of funds?
Provision expense for Q3 2025 was $2.5 million, compared to $2.8 million in the previous quarter and $2.2 million in Q3 2024, while total average cost of funds decreased to 1.83%, down 18 basis points year-over-year.
How much did net interest income increase in Q3 2025?
Net interest income was $63.9 million for Q3 2025, up 6.2% from the previous quarter and 20.1% from Q3 2024, with year-to-date net interest income of $180.7 million, up 16.7% from the same period in 2024.
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