Tompkins Financial Corporation has reported its financial results for the third quarter of 2026, showcasing a significant increase in net income and a strategic dividend increase. This announcement, made on October 23, 2026, highlights the company’s robust performance amid a competitive banking landscape.
For the third quarter, Tompkins Financial reported diluted earnings per share of $2.00, which is up $0.35 or 21.2% from the same quarter last year. The net income for the quarter reached $28.7 million, marking an increase of $5.0 million, or 21.0%, compared to the third quarter of 2025. However, there was a slight decline of $650,000, or 2.2%, from the previous quarter.
Tompkins Financial, a state commercial bank headquartered in Ithaca, New York, operates under the ticker TMP on the NYSE. The company has a strong presence in the banking sector, which is characterized by a competitive environment where firms must continuously adapt to economic changes. Recent filings indicate that the company is categorized as a large accelerated filer, further emphasizing its stature in the industry.
In the filing dated October 23, 2026, the company also announced a dividend of $0.74 per share, which will be payable on November 13, 2026, to shareholders of record on November 6, 2026. This dividend represents a 13.8% increase compared to the dividend paid in the fourth quarter of 2025, showcasing Tompkins’ commitment to returning value to its shareholders.
Stephen Romaine, President and CEO of Tompkins Financial, expressed satisfaction with the company’s performance, stating, "We are pleased to report strong financial results for the third quarter. Our consistent levels of loan and deposit growth along with further expansion in net interest margin continue to provide momentum as we look forward." This statement reflects the company’s ongoing strategy to enhance its financial position and shareholder returns.
For the year-to-date period ending September 30, 2026, Tompkins reported diluted earnings per share of $5.86, an increase of $1.34 or 29.6% from the same period in 2025. The net income for this period totaled $84.0 million, up $19.2 million, or 29.6%, from $64.8 million in 2025.
Key highlights from the report include a net interest margin of 3.65%, which is up 7 basis points from the previous quarter and 45 basis points from the third quarter of 2025. Additionally, total loans at the end of September 2026 were up $127.8 million, or 1.9%, from June 30, 2026, and up $436.9 million, or 6.9%, from September 30, 2025. Total deposits also showed growth, reaching $7.4 billion, an increase of $379.9 million, or 5.4%, from the previous quarter.
The filing indicates that the company is in a strong position to navigate the challenges of the banking industry, as it continues to focus on growth and profitability. The strong financial results and the announced dividend increase may prompt competitors to reassess their strategies in order to maintain their market positions.
Looking ahead, Tompkins Financial is expected to continue its focus on growth and shareholder value. The filing does not specify any upcoming events or further actions, but the company’s recent performance suggests a positive trajectory in the near future.