Tompkins Financial Corp. Reports Significant Growth in Q2 2025 Earnings

Tompkins Financial Corporation reported a significant improvement in its second quarter financial results for 2025, with diluted earnings per share reaching $1.50, marking a 9.5% increase from the previous quarter and a 36.4% rise from the second quarter of 2024. Net income for the quarter was $21.5 million, up by $5.8 million compared to the same period last year. This growth was attributed to net interest margin expansion and overall business growth, including a 7.5% increase in average loans and a 5.2% rise in average deposits.

Stephen Romaine, President and CEO of Tompkins Financial, emphasized the company's positive momentum, with year-to-date net income up over 25% compared to 2024. The company's balance sheet remains strong, supporting continued growth and community support. Key highlights include a net interest margin of 3.08%, up 35 basis points from the previous year, and total loans increasing by 7.1% from June 30, 2024.

The company also reported improvements in asset quality, with nonperforming assets decreasing to 0.63% of total assets. Additionally, Tompkins Financial announced a new Stock Repurchase Program, authorizing the repurchase of up to 400,000 shares of its common stock over the next 24 months, reflecting confidence in its financial health and future prospects.