Tompkins Financial Corporation (TMP) Financial Statements (2024 and earlier)

Company Profile

Business Address 118 E SENECA STREET
ITHACA, NY 14850
State of Incorp. NY
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments78,61464,009389,391138,89781,27684,303
Cash and cash equivalents77,83763,107388,462137,98280,38984,303
Short-term investments777902929915887 
Total current assets:78,61464,009389,391138,89781,27684,303
Noncurrent Assets
Operating lease, right-of-use asset33,100  33,501
Property, plant and equipment82,14085,41688,70994,35597,20286,995
Long-term investments and receivables1,5001,6001,5001,5001,4001,700
Long-term investments1,5001,6001,5001,5001,4001,700
Intangible assets, net (including goodwill)95,31096,09097,35298,67099,911101,554
Goodwill92,60292,44792,44792,44792,28392,291
Intangible assets, net (excluding goodwill)2,7083,6434,9056,2237,6289,263
Investment, proportional amortization method, elected, amount2,500971804851,0001,400
Total noncurrent assets:214,550183,203187,741228,511199,513191,649
Other undisclosed assets7,377,5227,572,7707,045,0396,358,2156,477,6476,372,338
TOTAL ASSETS:7,670,6867,819,9827,622,1716,725,6236,758,4366,648,290
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt10,00010,00030,000177,256279,000209,000
Total current liabilities:10,00010,00030,000177,256279,000209,000
Noncurrent Liabilities
Long-term debt and lease obligation:    32,666  
Operating lease, liability    32,666
Total noncurrent liabilities:    32,666  
Other undisclosed liabilities7,043,2967,081,0416,874,4825,852,6475,858,5655,863,088
Total liabilities:7,053,2967,091,0416,904,4826,062,5696,137,5656,072,088
Equity
Equity, attributable to parent615,978727,529716,277661,642619,459574,780
Common stock1,4561,4701,4961,5011,5351,530
Treasury stock, value(6,279)(5,791)(5,534)(5,279)(4,902)(4,492)
Additional paid in capital302,763312,538333,976338,507366,595364,031
Accumulated other comprehensive loss(208,689)(55,950)(32,074)(43,564)(63,165)(51,296)
Retained earnings526,727475,262418,413370,477319,396265,007
Equity, attributable to noncontrolling interest1,4121,4121,4121,4121,4121,422
Total equity:617,390728,941717,689663,054620,871576,202
TOTAL LIABILITIES AND EQUITY:7,670,6867,819,9827,622,1716,725,6236,758,4366,648,290

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues254,179249,863259,012257,855243,770237,762
Net investment income217,978215,027227,507226,764214,401191,447
Financial services revenue46,315
Cost of revenue(2,789) (16,151)(1,366)(3,942)(4,161)
Provision for loan, lease, and other losses(2,789) (16,151)(1,366)(3,942)
Financial services costs(4,161)
Gross profit:251,390249,863242,861256,489239,828233,601
Operating expenses(125,407)(121,635)(116,253)(116,407)(112,993)(105,542)
Other operating income, net
(Noninterest Income, Other Operating Income)
5,9257,2038,8178,41613,1307,631
Operating income:131,908135,431135,425148,498139,965135,690
Nonoperating expense
(Investment Income, Nonoperating)
      (407)
Interest and debt expense(21,043)(17,526)(28,991)(50,750)(39,792)(25,460)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (8,768)5,1134,067(14,581)
Income from continuing operations before equity method investments, income taxes:110,865117,90597,666102,861104,24095,242
Other undisclosed loss from continuing operations before income taxes(1,152)(3,332)    
Income from continuing operations before income taxes:109,713114,57397,666102,861104,24095,242
Income tax expense(24,557)(25,182)(19,924)(21,016)(21,805)(42,620)
Income from continuing operations:85,15689,39177,74281,84582,43552,622
Income before gain (loss) on sale of properties:89,39177,74281,84582,43552,622
Net income:85,15689,39177,74281,84582,43552,622
Net loss attributable to noncontrolling interest(126)(127)(154)(127)(127)(128)
Net income attributable to parent:85,03089,26477,58881,71882,30852,494
Other undisclosed net loss available to common stockholders, basic(250)(615)(857)(1,306)(1,315)(818)
Net income available to common stockholders, diluted:84,78088,64976,73180,41280,99351,676

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:85,15689,39177,74281,84582,43552,622
Other comprehensive income (loss)(152,739)(23,876)11,49019,601(11,934)(4,229)
Comprehensive income (loss):(67,583)65,51589,232101,44670,50148,393
Comprehensive loss, net of tax, attributable to noncontrolling interest(126)(127)(154)(127)(127)(128)
Comprehensive income (loss), net of tax, attributable to parent:(67,709)65,38889,078101,31970,37448,265

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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