Tompkins Financial Corporation Reports Significant Growth in Q2 2025 Earnings

Tompkins Financial Corporation has announced a significant uptick in its second quarter financial results for 2025, with diluted earnings per share climbing to $1.50. This marks a 9.5% increase from the previous quarter and a 36.4% rise compared to the second quarter of 2024. The company's net income for the quarter stood at $21.5 million, showcasing a notable improvement over both the first quarter of 2025 and the second quarter of the previous year.

Stephen Romaine, President and CEO of Tompkins Financial, credited the robust performance to the expansion of the net interest margin and growth across all business lines. The year-to-date net income has seen a 25% increase compared to 2024, bolstered by average loan growth of 7.5%, average deposit growth of 5.2%, and a 4.5% increase in fee-based services revenue.

Among the key financial highlights, the net interest margin improved to 3.08% in the second quarter of 2025, up from 2.73% in the same quarter of the previous year. The company also reported substantial growth in total loans and deposits, with loans increasing by 7.1% and deposits by 6.8% compared to June 30, 2024. Tompkins Financial's capital ratios remain significantly above regulatory minimums, highlighting its strong financial standing.

In a move that underscores its confidence in its financial health and dedication to shareholder value, Tompkins Financial unveiled a new Stock Repurchase Program. This program authorizes the repurchase of up to 400,000 shares of its common stock over the next 24 months. This announcement, coupled with the company's impressive financial results, signals a positive trajectory for Tompkins Financial Corporation and its stakeholders.