Tompkins Financial Q1 diluted EPS falls 12.6% to $1.18; net income down 13.0% from a year ago
Tompkins Financial reported first-quarter 2024 diluted earnings per share of $1.18 and net income of $16.9 million, down 12.6% and 13.0% from the first quarter of 2023, though up from the prior quarter. The decline was mainly due to lower net interest income from higher funding costs and a higher provision for credit losses, partly offset by fee growth and lower operating expenses. The Board also declared a $0.61 per share dividend payable May 17, 2024.
Key points
- Diluted EPS was $1.18 versus $1.35 a year earlier and $1.05 in the fourth quarter of 2023.
- Net interest income fell to $50.7 million from $54.2 million a year earlier; net interest margin was 2.73% versus 2.99%.
- Noninterest income rose 8.5% year over year to $22.1 million, led by insurance commissions and fees.
- Dividend of $0.61 per share: record date May 10, 2024; payable May 17, 2024.
The filing
Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 26, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.