Tompkins Financial (TMP) Q2 2025 earnings summary

Executive summary

• Net income for Q2 2025 was $21.5M ($1.50 diluted EPS), up from $15.7M ($1.10 EPS) in Q2 2024 and up 9.1% from Q1; six-month net income was $41.2M ($2.87 EPS), up from $32.6M ($2.29 EPS) year-over-year.

• Diluted EPS for Q2 2025 was up 9.5% sequentially and 36.4% year-over-year; six-month EPS up 25.3%.

• Growth was driven by net interest margin expansion, loan and deposit growth, and increased fee-based revenue.

Financial highlights

• Net interest income for Q2 2025 was $60.1M, up 18.0% year-over-year and 6.1% sequentially; six-month net interest income was $116.8M, up 14.9%.

• Net interest margin for Q2 2025 was 3.08%, up from 2.73% in Q2 2024 and up 10 bps from Q1; six-month margin was 3.03%.

• Noninterest income for Q2 2025 was $22.5M, up 3.4% year-over-year, mainly from insurance and wealth management fees; six-month noninterest income was $47.5M, up 8.3%.

• Noninterest expense for Q2 2025 was $51.6M, up 3.4% year-over-year, mainly due to higher personnel costs; six-month expense was $102.2M, up 2.4%.

• Total assets at June 30, 2025 were $8.4B, up 3.3% from year-end 2024; total loans were $6.2B, up 2.5%.

Outlook and guidance

• Management expects continued focus on responsible, sustainable growth and organic expansion, with ongoing evaluation of acquisition opportunities.

• The new stock repurchase program is expected to be completed over the next 24 months.

• Interest rate risk is managed to limit net interest income decline to less than 10% in a 100 basis point rate shift; current exposure is not considered significant.

• The company is evaluating the impact of recent federal tax law changes on future periods.