Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when TMP files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsTompkins Financial raises dividend 4.5% to $0.70/share, reports record Q2 EPS of $2.04
Filed July 24, 2026 · Period ending July 23, 2026 · ~1 min read
Key Changes
-
high
Q2 2026 diluted EPS of $2.04, up 36% year-over-year and 12% sequentially, driven by net interest margin expansion to 3.58% (up 50 bps YoY) and strong loan growth of 7.4% annualized.
Exhibit 99.1 view on EDGAR → -
high
Board approved quarterly dividend increase to $0.70/share (up $0.03 or 4.5% from prior quarter), payable August 14, 2026 to shareholders of record August 7, 2026.
Item 8.01 verify on EDGAR → -
medium
Tier 1 capital ratio improved to 10.69%, up 133 bps year-over-year, reflecting strong earnings retention and providing flexibility for continued dividend growth and balance sheet expansion.
Exhibit 99.1 view on EDGAR → -
medium
Total loans grew $119.2 million (7.4% annualized) in Q2 to $6.6 billion, with deposits up 4.7% year-over-year to $7.0 billion despite seasonal municipal deposit outflows.
Exhibit 99.1 view on EDGAR →
Summary
Tompkins Financial delivered its third consecutive quarter of record earnings, with Q2 2026 diluted EPS of $2.04 representing 36% year-over-year growth. The performance was driven by a 50-basis-point expansion in net interest margin to 3.58%, reflecting improved yields on earning assets, and healthy loan growth of 7.4% annualized. Net income reached $29.3 million, up $7.8 million from the prior-year quarter.
The board responded to the strong results by raising the quarterly dividend 4.5% to $0.70 per share, payable August 14 to shareholders of record August 7. This marks a 13% increase compared to the dividend paid in Q3 2025. The Tier 1 capital ratio improved to 10.69%, up 133 basis points year-over-year, providing ample capacity to support both the dividend increase and continued balance sheet growth.
Total loans reached $6.6 billion with deposits of $7.0 billion, up 6.9% and 4.7% year-over-year respectively. The combination of accelerating earnings, margin expansion, and capital strength positions the company well for sustained shareholder returns.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On July 23, 2026, the Company's Board of Directors declared a dividend of $0.70 per share, payable on August 14, 2026, to common shareholders of record on August 7, 2026.
The Board declared a quarterly dividend of $0.70 per share. Shareholders who own stock as of the August 7, 2026 record date will receive payment on August 14, 2026. This represents the company's regular capital return to shareholders.
Event · Exhibit 99.1
Tompkins Financial reported record Q2 2026 earnings of $2.04/share, up 36% YoY, and announced a 13% dividend increase.
Added in current filing · view on EDGAR →
Tompkins Financial Corporation ("Tompkins" or the "Company") reported diluted earnings per share of $2.04 for the second quarter of 2026, up $0.54 or 36.0% compared to the second quarter of 2025 and up $0.22 per share or 12.1% compared to the first quarter of 2026. Net income for the second quarter of 2026 was $29.3 million, up $7.8 million or 36.5% from the second quarter of 2025, and up $3.2 million or 12.4% compared to the immediate prior quarter.
The company delivered record quarterly earnings for the third consecutive quarter. Diluted EPS of $2.04 represents a 36% increase year-over-year and a 12% sequential improvement. Net income reached $29.3 million, driven by improved profitability and healthy loan and deposit growth.
Added in current filing · view on EDGAR →
Net interest margin was 3.58% for the second quarter of 2026, remaining consistent with the prior quarter, as increased average earning asset yields were partially offset by higher cost of interest-bearing liabilities, driven by seasonal outflow of municipal deposits resulting in increased borrowings for the quarter. The net interest margin for the second quarter of 2026 increased from 3.08% for the second quarter of 2025.
Net interest margin expanded 50 basis points year-over-year to 3.58%, driven by improved yields on earning assets and lower funding costs. The margin held steady sequentially despite seasonal municipal deposit outflows. This margin improvement was a key driver of the 23% year-over-year increase in net interest income to $74.0 million.
Added in current filing · view on EDGAR →
Given our strong results and strengthening capital position, we have approved an increase to our dividend, payable in the third quarter of 2026. This increase represents a 13% increase compared to the dividend paid in the third quarter of 2025.
The board approved a 13% dividend increase for Q3 2026 compared to Q3 2025, reflecting confidence in the company's earnings trajectory and capital strength. This marks a significant capital return enhancement for shareholders.
Added in current filing · view on EDGAR →
Regulatory Tier 1 capital to average assets was 10.69% at June 30, 2026, up from 10.58% at March 31, 2026, and 9.36% at June 30, 2025.
The Tier 1 capital ratio improved to 10.69%, up 133 basis points year-over-year, reflecting strong earnings retention and capital generation. The company remains well above regulatory minimums for well-capitalized institutions, supporting the dividend increase and providing flexibility for future growth.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jul 27, 2026 · How we verify