Tompkins Financial Corp. Announces Significant Growth in Q2 2025 Financial Results

Tompkins Financial Corporation has disclosed its financial results for the second quarter of 2025, showcasing a robust performance with diluted earnings per share reaching $1.50. This marks a 9.5% increase from the first quarter of 2025 and a significant 36.4% rise compared to the second quarter of 2024. The company's net income for the quarter stood at $21.5 million, reflecting a 9.1% growth from the previous quarter and a 36.9% increase from the same period last year.

Stephen Romaine, President and CEO of Tompkins Financial, attributed the positive results to net interest margin expansion and overall business growth. The company witnessed a 7.5% average loan growth, a 5.2% increase in average deposits, and a 4.5% growth in fee-based services revenue. These figures underscore the company's effective strategy and operational efficiency.

Key financial highlights include an improved net interest margin of 3.08% in Q2 2025, up by 10 basis points from the previous quarter and 35 basis points year-over-year. Total loans and deposits also saw substantial growth, with loans increasing by 7.1% and deposits by 6.8% compared to June 30, 2024. The company's commitment to maintaining a strong balance sheet and supporting local communities was also emphasized.

Tompkins Financial's capital ratios remained well above regulatory minimums, with a Tier 1 capital to average assets ratio of 9.36% at June 30, 2025. Additionally, the Board of Directors approved a new Stock Repurchase Program, authorizing the repurchase of up to 400,000 shares of its common stock over the next 24 months, signaling confidence in the company's financial stability and future prospects.

The company's liquidity position remained stable, with access to $1.5 billion in liquidity, representing 18.0% of total assets. This financial strength, combined with strategic growth initiatives, positions Tompkins Financial for continued success in the evolving financial landscape.