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)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments80,329140,95782,39271,32778,614104,383
Cash and cash equivalents79,542140,21681,61470,53777,837103,612
Short-term investments787741778790777771
Total current assets:80,329140,95782,39271,32778,614104,383
Noncurrent Assets
Operating lease, right-of-use asset 27,700   33,100 
Property, plant and equipment79,68780,68581,08781,63382,14082,636
Long-term investments and receivables 500   1,500 
Long-term investments 500   1,500 
Intangible assets, net (including goodwill)94,92995,02395,11595,20795,31095,534
Goodwill92,60292,60292,60292,60292,60292,602
Intangible assets, net (excluding goodwill)2,3272,4212,5132,6052,7082,932
Investment, proportional amortization method, elected, amount 2,300   2,500 
Total noncurrent assets:205,116175,708176,202176,840214,550178,170
Other undisclosed assets7,534,3047,374,4977,367,6447,396,2047,377,5227,497,388
TOTAL ASSETS:7,819,7497,691,1627,626,2387,644,3717,670,6867,779,941
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 40,000   10,000 
Total current liabilities: 40,000   10,000 
Noncurrent Liabilities
Other undisclosed liabilities7,109,8157,078,8066,989,7976,994,6067,043,2967,206,982
Total liabilities:7,149,8157,078,8066,989,7976,994,6067,053,2967,206,982
Equity
Equity, attributable to parent668,522610,851634,967648,322615,978571,453
Common stock1,4441,4391,4441,4561,4561,452
Treasury stock, value(6,610)(6,403)(6,185)(5,976)(6,279)(6,063)
Additional paid in capital297,183296,721298,133303,357302,763303,431
Accumulated other comprehensive loss(125,005)(176,029)(195,520)(187,846)(208,689)(243,237)
Retained earnings501,510495,123537,095537,331526,727515,870
Equity, attributable to noncontrolling interest1,4121,5051,4741,4431,4121,506
Total equity:669,934612,356636,441649,765617,390572,959
TOTAL LIABILITIES AND EQUITY:7,819,7497,691,1627,626,2387,644,3717,670,6867,779,941

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues77,03578,55272,38270,49066,74165,951
Insurance commissions and fees7,77311,3978,6729,5097,63010,825
Net investment income69,26267,15563,71060,98159,11155,126
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(1,761)(1,150)(2,253) (1,397)(1,056)
Gross profit:75,27477,40270,12970,49065,34464,895
Operating expenses(30,901)(29,838)(33,195)(31,222)(32,095)(31,990)
Other operating income, net
(Noninterest Income, Other Operating Income)
1,9779901,6031,9412,231977
Operating income:46,35048,55438,53741,20935,48033,882
Interest and debt expense(28,426)(24,452)(19,974)(14,992)(10,231)(5,559)
Income from continuing operations before equity method investments, income taxes:17,92424,10218,56326,21725,24928,323
Other undisclosed income (loss) from continuing operations before income taxes224(65,729)(8,273)(904)(1,191)(178)
Income (loss) from continuing operations before income taxes:18,148(41,627)10,29025,31324,05828,145
Income tax expense (benefit)(3,114)8,304(1,784)(5,901)(4,478)(6,774)
Income (loss) from continuing operations:15,034(33,323)8,50619,41219,58021,371
Income before gain (loss) on sale of properties:21,371
Net income (loss):15,034(33,323)8,50619,41219,58021,371
Net loss attributable to noncontrolling interest(31)(31)(31)(31)(32)(31)
Net income (loss) attributable to parent:15,003(33,354)8,47519,38119,54821,340
Other undisclosed net loss available to common stockholders, basic (8)(8)(8)(18)(41)(66)
Net income (loss) available to common stockholders, diluted:14,995(33,362)8,46719,36319,50721,274

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):15,034(33,323)8,50619,41219,58021,371
Other comprehensive income (loss)51,02419,491(7,674)20,84334,548(64,368)
Comprehensive income (loss):66,058(13,832)83240,25554,128(42,997)
Comprehensive loss, net of tax, attributable to noncontrolling interest(31)(31)(31)(31)(32)(31)
Comprehensive income (loss), net of tax, attributable to parent:66,027(13,863)80140,22454,096(43,028)

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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