The strong earnings beat and dividend increase reinforce the positive trend, but the sharp rise in Special Mention loans ($18.8M downgraded in Q2) warrants close monitoring of credit quality in coming quarters. Watch for any further migration to nonaccrual status and the impact on provision expense.
Price Chart
Executive Summary
Tompkins Financial reported Q2 2026 diluted EPS of $2.04, up 36.0% YoY and 12.1% QoQ, marking a third consecutive quarter of record earnings. Net interest margin held steady at 3.58%, and the board approved a 4.5% dividend increase to $0.70/share. However, credit quality showed deterioration with Special Mention and Substandard loans rising to $140.0M from $120.4M in Q1, driven by $18.8M in downgraded loans, partially offsetting the otherwise strong operational momentum.
Key Financial Metrics
Key Facts
- Diluted EPS of $2.04 vs $1.50 YoY (+36.0%) and $1.82 QoQ (+12.1%)
- Net interest margin stable at 3.58% vs 3.57% QoQ and up 50bps YoY
- Net interest income of $74.0M, up 23.0% YoY and 3.0% QoQ
- Dividend increased 4.5% to $0.70/share, payable Aug 14, 2026
- Special Mention and Substandard loans rose to $140.0M from $120.4M QoQ, with $18.8M in downgraded loans
- Tier 1 capital ratio improved to 10.69% from 10.58% QoQ and 9.36% YoY
- Company repurchased 11,787 shares for $963,433 in Q2
Financial Impact
Net income of $29.3M, up $7.8M YoY; diluted EPS of $2.04, up $0.54 YoY
Risk Factors
- Rising Special Mention and Substandard loans ($140.0M vs $120.4M QoQ) could lead to higher credit losses
- Nonperforming assets increased to $52.9M from $51.7M QoQ
- Noninterest income down 41.7% YoY due to sale of insurance subsidiary, though this was expected
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001005817-26-000087 |
| Document: tmp-20260723.htm | 0001005817-26-000087 |
| Document: q3div2026pressrelease.htm | 0001005817-26-000087 |
| Document: 0001005817-26-000087-index-headers.html | 0001005817-26-000087 |
| Document: 0001005817-26-000087-index.html | 0001005817-26-000087 |
| Document: 0001005817-26-000087.txt | 0001005817-26-000087 |
| 8-K Data (Synthetic) | 0001005817-26-000087 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 8-K | $101.20 $102.47 | ▲ +1.25% | ▲ +0.54% | $102.47 (+1.25%) |
Jul 28, 2026 13w ago | 8-K | $101.25 $99.44 | ▼ −1.79% | ▼ −0.25% | $102.47 (+1.20%) |
Jul 24, 2026 13w ago | 8-K | $101.12 $99.68 | ▼ −1.42% | ▼ −1.45% | $102.47 (+1.34%) |
May 19, 2026 23w ago | 8-K | $83.16 $85.46 | ▲ +2.77% | ▲ +1.73% | $102.47 (+23.22%) |
Apr 27, 2026 26w ago | 8-K | $83.53 $85.57 | ▲ +2.44% | ▲ +2.92% | $102.47 (+22.67%) |
Apr 24, 2026 26w ago | 8-K | $81.69 $84.19 | ▲ +3.06% | ▲ +2.90% | $102.47 (+25.44%) |
US Market Status
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