The sequential EPS decline (-2.0% QoQ) and doubling of credit provisions warrant monitoring for margin sustainability and credit migration in the commercial real estate portfolio. The dividend increase signals management's confidence in capital strength.
Price Chart
Executive Summary
Tompkins Financial reported Q3 2026 diluted EPS of $2.00, up 21.2% YoY but down 2.0% QoQ. Net interest margin expanded to 3.65% (up 7bp QoQ, up 45bp YoY), and total loans grew 6.9% YoY. The Board declared a $0.74/share dividend, a 5.7% increase from the prior year. Credit quality remains stable with nonperforming assets at 0.60% of total assets, though the provision for credit losses doubled QoQ to $3.0M due to loan growth and specific reserves.
Key Financial Metrics
Key Facts
- Diluted EPS of $2.00 for Q3 2026, up 21.2% YoY from $1.65
- Net interest margin expanded to 3.65%, up 7bp QoQ and 45bp YoY
- Net interest income of $77.3M, up 4.5% QoQ and 21.0% YoY
- Total loans grew 6.9% YoY to $6.72B; total deposits up 5.0% YoY to $7.4B
- Quarterly dividend increased 5.7% to $0.74/share
- Provision for credit losses rose to $3.0M from $1.5M in Q2 2026, driven by loan growth and specific reserves
- Nonperforming assets stable at 0.60% of total assets; Special Mention and Substandard loans increased to $151.1M
Financial Impact
Quarterly net income of $28.7M, up 21.0% YoY; diluted EPS $2.00 vs $1.65 YoY
Risk Factors
- Special Mention and Substandard loans increased to $151.1M, up from $140.0M in Q2 2026, driven by two commercial real estate relationships
- Provision for credit losses doubled QoQ to $3.0M, reflecting loan growth and specific reserves
- Accumulated other comprehensive loss widened to -$73.2M from -$19.1M at year-end 2025, driven by securities fair value declines
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001005817-26-000139 |
| Document: tmp-20261022.htm | 0001005817-26-000139 |
| Document: q4div2026pressrelease.htm | 0001005817-26-000139 |
| Document: 0001005817-26-000139-index-headers.html | 0001005817-26-000139 |
| Document: 0001005817-26-000139-index.html | 0001005817-26-000139 |
| Document: 0001005817-26-000139.txt | 0001005817-26-000139 |
| 8-K Data (Synthetic) | 0001005817-26-000139 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 2d ago | 8-K | $101.10 | awaiting T+60 | — | $101.20 (+0.10%) |
Jul 28, 2026 12w ago | 8-K | $101.25 $98.89 | ▼ −2.33% | ▼ −6.68% | $101.20 (−0.05%) |
Jul 24, 2026 13w ago | 8-K | $101.12 $97.17 | ▼ −3.91% | ▼ −7.63% | $101.20 (+0.08%) |
May 19, 2026 22w ago | 8-K | $83.16 $101.13 | ▲ +21.61% | ▲ +15.32% | $101.20 (+21.69%) |
Apr 27, 2026 25w ago | 8-K | $83.53 $93.09 | ▲ +11.44% | ▲ +6.66% | $101.20 (+21.15%) |
Apr 24, 2026 26w ago | 8-K | $81.69 $94.33 | ▲ +15.48% | ▲ +10.40% | $101.20 (+23.89%) |
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