Tue, May 6, 5:58 PM (6 days ago)
**Tompkins Financial Corporation (TMP) Q1 2025 Financial Performance Summary** **Financial Health and Performance Metrics:** - **Revenue:** $89.5 million (interest and dividend income), up 7.6% YoY. - **Net Interest Income:** $56.7 million, up 11.8% YoY. - **Profit Margins:** Net income of $19.7 million, up 16.6% YoY; EPS of $1.37, up 16.0% YoY. - **Cash Flow:** Net cash provided by operating activities was $22.2 million. - **Earnings Changes:** Net income increased by $2.8 million QoQ and $2.8 million YoY. **Quarterly Performance Discussion:** - **Revenue Growth:** Driven by higher interest income on loans and stabilized funding costs. - **Profitability:** Improved due to higher net interest income and growth in fee-based businesses. - **Cash Flow:** Positive cash flow from operating activities. - **Earnings:** Increased net income and EPS, reflecting strong operational performance. **Trends and Uncertainties:** - **Positive Trends:** Growth in fee-based businesses and other income. - **Uncertainties:** Interest rate changes, economic conditions, and regulatory environment. **Future Operations Impact:** - **Strategic Initiatives:** Focus on responsible and sustainable growth, including organic growth and potential acquisitions. - **Risk Management:** Continued focus on managing interest rate risk and maintaining strong capital positions. **Segment Performance:** - **Banking:** Net income of $15.7 million, up 15.7% YoY. - **Insurance:** Net income of $3.2 million, up 32.6% YoY. - **Wealth Management:** Net income of $821,000, down 11.4% YoY. **Capital and Liquidity:** - **Capital Ratios:** Exceeded regulatory requirements, indicating a strong capital position. - **Liquidity:** Strong liquidity position with diverse funding sources. **Conclusion:** Tompkins Financial Corporation demonstrated robust financial health and performance in Q1 2025, with significant revenue growth, improved profitability, and strong cash flow. The company's strategic initiatives and risk management practices position it well for future growth and operational success.