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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) July 23, 2026

Tompkins Financial Corporation
(Exact name of registrant as specified in its charter)
New York 1-12709 16-1482357
 (State or other jurisdiction
(Commission (IRS Employer
 of incorporation) File Number) Identification No.)
118 E. Seneca Street,
PO Box 460,
Ithaca
New York
 14851
(Address of Principal executive offices)  (Zip Code)
Registrant’s telephone number, including area code (888)  503-5753
(Former name or former address, if changed since last report.)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, $0.10 par value TMP NYSE American, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company    ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 2.02 Results of Operations and Financial Condition

        On July 24, 2026, Tompkins Financial Corporation, (the “Company”) issued a press release announcing its earnings for the calendar quarter ended June 30, 2026. A copy of the press release is attached to this Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

The information furnished under Items 2.02 and Item 9.01 of this Report on Form 8-K, including Exhibits 99.1 and 99.2 to this Report on Form 8-K, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities under the Section, nor shall it be deemed incorporated by reference in any registration statement or other filings of the Company under the Securities Act of 1933, as amended, except as shall be set forth by specific reference in such filing.

Item 8.01 Other Events

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. A copy of the press release is attached to this Report on Form 8-K as Exhibit 99.2.
    
Item 9.01 Financial Statements and Exhibits

(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.

EXHIBIT INDEX

Exhibit No.        Description
        
99.1    Press Release of Tompkins Financial Corporation dated July 24, 2026
99.2    Press Release of Tompkins Financial Corporation dated July 24, 2026
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

            TOMPKINS FINANCIAL CORPORATION

Date: July 24, 2026         /s/ Stephen S. Romaine    
             Stephen S. Romaine
             President and CEO

EX-99.1 2 q22026pressrelease.htm EX-99.1 Document


image1.jpg


For more information contact:
Stephen S. Romaine, President & CEO
Matthew Tomazin, Executive VP & CFO
Tompkins Financial Corporation (888) 503-5753

For Immediate Release
Friday, July 24, 2026

Tompkins Financial Corporation Reports Record Financial Results for Third Consecutive Quarter

ITHACA, NY - Tompkins Financial Corporation (NYSE American: TMP)
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.

For the six months ended June 30, 2026, diluted earnings per share were $3.86, up 34.5% from the $2.87 reported for the six months ended June 30, 2025. Year-to-date net income was $55.4 million for the six months ended June 30, 2026, up $14.2 million or 34.6% when compared to $41.2 million for the same six month period in 2025.

Tompkins President and CEO, Stephen Romaine, commented, "We are pleased to report our third consecutive quarter of record earnings. Our improving profitability and healthy levels of loan and deposit growth over the past year continue to support momentum in our financial results. 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."

SELECTED HIGHLIGHTS FOR THE PERIOD:
•Net interest margin was 3.58% in the second quarter of 2026, in line with the immediate prior quarter, and up 50 basis points from the second quarter of 2025.
•Period end total loans at June 30, 2026 were up $119.2 million, or 1.8% compared to March 31, 2026 (7.4% on an annualized basis), and up $424.5 million, or 6.9%, from June 30, 2025.
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•Period end total deposits at June 30, 2026 were $7.0 billion, down $25.1 million, or 0.4% compared to the most recent prior quarter end, and up $313.3 million, or 4.7%, from June 30, 2025.
•Total average cost of funds of 1.68% for the second quarter of 2026 was in line with the first quarter of 2026, and down 16 basis points compared to the second quarter of 2025.
•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.

NET INTEREST INCOME
Net interest income was $74.0 million for the second quarter of 2026, up $2.1 million or 3.0% compared to the first quarter of 2026, and up $13.9 million or 23.0% compared to the second quarter of 2025. For the six months ended June 30, 2026, net interest income was $145.8 million, up $29.1 million or 24.9% when compared to the same period in 2025. The increase in net interest income compared to both prior year periods was due to improvement in net interest margin, which is discussed below, and growth in average loans.

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. The increase in net interest margin when compared to the prior year quarter was mainly due to growth in average loan balances, improved yields on average earning assets, and lower funding costs. Average yield on securities for the second quarter of 2026 was up 101 basis points over the second quarter of 2025, and the average yield on interest earning assets was up 34 basis points compared to the second quarter of 2025.

Average loans for the quarter ended June 30, 2026 were up $90.4 million, or 1.4% (5.6% annualized), over the quarter ended March 31, 2026, and were up $395.7 million, or 6.5%, compared to the quarter ended June 30, 2025. The increase in average loans over both prior periods was mainly in the commercial real estate and commercial and industrial portfolios. The average yield on interest-earning assets for the quarter ended June 30, 2026 was 5.13%, an increase of 4 basis points from 5.09% for the quarter ended March 31, 2026, and up 34 basis points from 4.79% for the quarter ended June 30, 2025.

Average total deposits of $7.0 billion for the second quarter of 2026 were up $62.2 million or 0.9% compared to the first quarter of 2026, and up $297.3 million, or 4.4%, compared to the second quarter of 2025. The cost of interest-bearing deposits of 2.07% for the second quarter of 2026 was up 1 basis point over the most recent prior quarter, and down 17 basis points from the second quarter of 2025. The ratio of average noninterest bearing deposits to average total deposits for the second quarter of 2026 was 26.9%, which was generally unchanged from the first quarter of 2026 and the second quarter of 2025. The average cost of interest-bearing liabilities for the second quarter of 2026 was 2.24%, an increase of 3 basis points when compared to the most recent prior quarter, and down 20 basis points from the second quarter of 2025.

2

NONINTEREST INCOME
Noninterest income of $13.1 million for the second quarter of 2026 was down $9.4 million or 41.7%, from the second quarter of 2025. The decrease was primarily attributable to a $9.6 million decline in insurance revenue resulting from the sale of our insurance subsidiary, Tompkins Insurance Agencies, Inc. ("TIA"), in the fourth quarter of 2025. Partially offsetting this decline were increases in fee-based service income, including increases in wealth management fees of $265,000 or 5.3%, service charges on deposit accounts of $26,000 or 1.5%, and card service income of $146,000 or 4.6%. Year-to-date noninterest income of $25.0 million was down $22.6 million or 47.5% compared to the same period in 2025. Contributing to the year-over-year decrease was a $21.2 million decline in insurance revenue due to the sale of TIA, and a $1.9 million, or 28.2% decrease in other income, primarily related to a gain on the sale of other real estate owned in the first quarter of 2025. Partially offsetting this decline were increases in fee-based service income, including increases in wealth management fees of $412,000 or 4.1%, service charges on deposit accounts of $16,000 or 0.5%, and card service income of $162,000 or 2.8%.

NONINTEREST EXPENSE
Noninterest expense was $47.1 million for the second quarter of 2026, down $4.6 million or 8.8% compared to the second quarter of 2025. For the six months ended June 30, 2026, noninterest expense totaled $94.8 million, down $7.4 million, or 7.3%, from the same period in 2025.

The decrease in noninterest expense for both periods was primarily attributable to the sale of TIA in the fourth quarter of 2025. The second quarter and year-to-date periods in 2025 included TIA-related salaries and wages and other employee benefits expenses of $6.2 million and $12.1 million, respectively; and other noninterest expenses of $1.5 million and $2.9 million, respectively. For the three and six months ended June 30, 2026, salaries and wages and other employee benefits decreased $4.7 million, or 14.0%, and $8.0 million, or 12.2%, respectively. These decreases were partially offset by annual merit increases and higher other employee benefit costs.

INCOME TAX EXPENSE
Provision for income tax expense was $9.2 million for an effective rate of 24.0% for the second quarter of 2026, compared to $8.4 million for an effective rate of 24.4% for the most recent prior quarter, and $6.8 million for an effective rate of 24.0% for the second quarter of 2025. For the six months ended June 30, 2026, the provision for income tax expense was $17.6 million with an effective tax rate of 24.2% compared to $12.9 million with an effective tax rate of 23.9% for the same period in 2025.

3

ASSET QUALITY
The allowance for credit losses was 0.89% of total loans and leases at June 30, 2026, down from 0.90% at March 31, 2026, and 0.95% at June 30, 2025. The decrease in the allowance for credit losses coverage ratio compared to June 30, 2025 was mainly due to the improved economic forecasts for unemployment and gross domestic product. The ratio of the allowance to total nonperforming loans and leases was 111.29% at June 30, 2026, compared to 113.06% at March 31, 2026, and 111.55% at June 30, 2025.

Provision for credit losses for the second quarter of 2026 was $1.5 million, in line with the most recent prior quarter, and down from $2.8 million for the second quarter of 2025. Net charge-offs for the three months ended June 30, 2026 were $1.6 million, compared to $775,000 for the first quarter of 2026, and $5.3 million for the second quarter of 2025. The year-over-year decrease was mainly due to a partial charge-off of $4.7 million during the second quarter of 2025 related to one commercial real estate relationship totaling $18.1 million.

Nonperforming assets of $52.9 million represented 0.60% of total assets at June 30, 2026, up from $51.7 million or 0.59% of total assets at March 31, 2026, and $52.6 million or 0.63% of total assets at June 30, 2025. Loans past due 30-89 days totaled $4.7 million at June 30, 2026, $5.9 million at March 31, 2026, and $5.9 million at June 30, 2025.

Special Mention and Substandard loans and leases totaled $140.0 million at June 30, 2026, compared to $120.4 million reported at March 31, 2026, and $96.8 million reported at June 30, 2025. The increase over the most recent prior quarter end was mainly in Special Mention loans, which were up $17.5 million. The increase in Special Mention loans over March 31, 2026 was mainly a result of five performing loans totaling $18.8 million being downgraded during the second quarter of 2026. The Company believes that the existing collateral securing the loans is sufficient to cover the exposure.

CAPITAL POSITION
Capital ratios at June 30, 2026 remained well above the regulatory minimums for well-capitalized institutions. The ratio of total capital to risk-weighted assets was 14.89% at June 30, 2026, compared to 14.78% at March 31, 2026, and 13.15% at June 30, 2025. The ratio of Tier 1 capital to average assets was 10.69% at June 30, 2026, compared to 10.58% at March 31, 2026, and 9.36% at June 30, 2025.

During the second quarter of 2026, the Company repurchased 11,787 shares of common stock at an aggregate cost of $963,433. These shares were purchased under the Company's 2025 Stock Repurchase Plan. The Company repurchased a total of 35,518 shares of common stock at an aggregate cost of $2.8 million during the first six months of 2026.

LIQUIDITY POSITION
The Company's liquidity position at June 30, 2026 was consistent with its position at March 31, 2026. The Company's sources of liquidity include ready access to national and regional wholesale funding sources including Federal funds purchased, repurchase agreements, brokered deposits, Federal Reserve Bank's Discount
4

Window advances and Federal Home Loan Bank (FHLB) advances. The Company maintained ready access to liquidity of $1.7 billion, or 19.4% of total assets, at June 30, 2026.

ABOUT TOMPKINS FINANCIAL CORPORATION
Tompkins Financial Corporation is a banking and financial services company serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. Headquartered in Ithaca, NY, Tompkins Financial is parent to Tompkins Bank & Trust, which offers a full array of products and services, including commercial and consumer banking. Tompkins Bank & Trust provides wealth management services under the Tompkins Financial Advisors brand, including investment management, trust and estate, financial and tax planning services. For more information on Tompkins Financial, visit www.tompkinsfinancial.com.


"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The statements contained in this press release that are not statements of historical fact may include forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements may be identified by use of such words as "may", "could", "should", "will", "would", "estimate", "intend", "continue", "believe", "expect", "plan", "commit", or "anticipate", as well as the negative and other variations of these terms and other similar words. Examples of forward-looking statements may include statements regarding the sufficiency of existing collateral to cover exposure related to special mention loans and future growth. Forward-looking statements are made based on management’s expectations and beliefs concerning future events impacting the Company and are subject to uncertainties and factors relating to the Company’s operations and economic environment, all of which are difficult to predict and many of which are beyond the control of the Company, that could cause actual results of the Company to differ materially from those expressed and/or implied by forward-looking statements and historical performance. The following factors, in addition to those listed as Risk Factors in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025 as filed with the Securities and Exchange Commission, are among those that could cause actual results to differ materially from the forward-looking statements and historical performance: changes in general economic, market and regulatory conditions; our ability to attract and retain deposits and other sources of liquidity; gross domestic product growth and inflation trends; the impact of the interest rate and inflationary environment on the Company's business, financial condition and results of operations; other income or cash flow anticipated from the Company's operations, investment and/or lending activities; changes in laws and regulations affecting public companies, banks, bank holding companies and/or financial holding companies, including the Dodd-Frank Act, and other federal, state and local government mandates; the impact of any change in the FDIC insurance assessment rate or the rules and regulations related to the calculation of the FDIC insurance assessment amount; changes in supervisory and regulatory scrutiny of financial institutions; technological developments and changes; cybersecurity incidents and threats; the ability to continue to introduce competitive new products and services on a timely, cost-effective basis; governmental and public policy changes, including environmental regulation; reliance on large customers; the geographic concentration
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of our business; the ability to access financial resources in the amounts, at the times, and on the terms required to support the Company's future businesses; and the economic impact, including market volatility, of national and global events, including the response to bank failures, war and geopolitical matters (including continuing or increasing hostilities in the Middle East and the war in Ukraine), tariffs and trade wars, widespread protests, civil unrest, political uncertainty, and pandemics or other public health crises; and the related financial stress on borrowers and changes to customer behavior and credit risk as a result of any of the foregoing. The Company does not undertake any obligation to update its forward-looking statements.
6

TOMPKINS FINANCIAL CORPORATION
CONSOLIDATED STATEMENTS OF CONDITION
(In thousands, except share and per share data)(unaudited)
 As of As of
ASSETS 06/30/2026 12/31/2025
(Audited)
Cash and noninterest bearing balances due from banks $ 71,691  $ 50,717 
Interest bearing balances due from banks 76,074  82,100 
Cash and Cash Equivalents 147,765  132,817 
Available-for-sale debt securities, at fair value (amortized cost of $1,419,889 at June 30, 2026 and $1,391,379 at December 31, 2025)
 1,393,061  1,382,068 
Held-to-maturity debt securities, at amortized cost (fair value of $281,495 at June 30, 2026 and $283,860 at December 31, 2025)
 312,562  312,528 
Equity securities, at fair value 791  800 
Loans held for sale 129  43,440 
Total loans and leases, net of unearned income and deferred costs and fees 6,597,178  6,446,245 
Less: Allowance for credit losses 58,479  57,671 
Net Loans and Leases 6,538,699  6,388,574 
Federal Home Loan Bank and other stock 32,041  32,307 
Bank premises and equipment, net 71,242  72,418 
Corporate owned life insurance 79,032  77,843 
Goodwill 72,736  72,736 
Accrued interest and other assets 153,464  152,737 
Total Assets $ 8,801,522  $ 8,668,268 
LIABILITIES
Deposits:
Interest bearing:
Checking, savings and money market 3,793,249  3,742,402 
Time 1,305,531  1,298,393 
Noninterest bearing 1,930,331  1,896,967 
Total Deposits 7,029,111  6,937,762 
Federal funds purchased and securities sold under agreements to repurchase 181,710  95,569 
Other borrowings 546,358  564,446 
Other liabilities 84,411  132,114 
Total Liabilities $ 7,841,590  $ 7,729,891 
EQUITY
Shareholders' equity:
Common Stock - par value $0.10 per share: Authorized 25,000,000 shares; Issued: 14,410,189 at June 30, 2026; and 14,449,845 at December 31, 2025
 1,442  1,446 
Additional paid-in capital 296,831  299,206 
Retained earnings 698,243  662,161 
Accumulated other comprehensive loss (32,056) (19,054)
Treasury stock, at cost – 90,521 shares at June 30, 2026, and 104,492 shares at December 31, 2025
 (4,528) (5,382)
Total Equity $ 959,932  $ 938,377 
Total Liabilities and Equity $ 8,801,522  $ 8,668,268 
7

TOMPKINS FINANCIAL CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share data) (Unaudited) Three Months Ended Six Months Ended
06/30/2026 03/31/2026 06/30/2025 06/30/2026 06/30/2025
INTEREST AND DIVIDEND INCOME
Loans $ 90,087  $ 87,123  $ 82,293  $ 177,210  $ 160,923 
Due from banks 193  166  187  359  362 
Available-for-sale debt securities 13,896  13,702  9,311  27,598  18,040 
Held-to-maturity debt securities 1,222  1,218  1,220  2,440  2,437 
Federal Home Loan Bank and other stock 543  460  635  1,003  1,346 
Total Interest and Dividend Income 105,941  $ 102,669  $ 93,646  $ 208,610  $ 183,108 
INTEREST EXPENSE
Time certificates of deposits of $250,000 or more 4,192  4,478  4,140  8,670  8,647 
Other deposits 22,338  21,531  23,339  43,869  45,482 
Federal funds purchased and securities sold under agreements to repurchase 59  18  61  77  102 
Other borrowings 5,369  4,781  5,976  10,150  12,085 
Total Interest Expense 31,958  30,808  33,516  62,766  66,316 
Net Interest Income 73,983  71,861  60,130  145,844  116,792 
Less: Provision for credit loss expense 1,502  1,502  2,780  3,004  8,067 
Net Interest Income After Provision for Credit Loss Expense 72,481  70,359  57,350  142,840  108,725 
NONINTEREST INCOME
Insurance commissions and fees 0  0  9,609  0  21,208 
Wealth management fees 5,229  5,266  4,964  10,495  10,083 
Service charges on deposit accounts 1,816  1,795  1,790  3,611  3,595 
Card services income 3,296  2,642  3,150  5,938  5,776 
Other income 2,797  2,136  2,998  4,933  6,867 
Net (loss) gain on securities transactions (4) (5) 1  (9) 15 
Total Noninterest Income 13,134  11,834  22,512  24,968  47,544 
NONINTEREST EXPENSE
Salaries and wages 22,955  21,948  26,368  44,903  51,345 
Other employee benefits 5,875  6,807  7,162  12,682  14,262 
Net occupancy expense of premises 3,296  3,455  3,108  6,751  6,678 
Furniture and fixture expense 2,025  2,027  2,069  4,052  3,856 
Other operating expense 12,915  13,489  12,916  26,404  26,089 
Total Noninterest Expenses 47,066  47,726  51,623  94,792  102,230 
Income Before Income Tax Expense 38,549  34,467  28,239  73,016  54,039 
Income Tax Expense 9,245  8,393  6,768  17,638  12,889 
Net Income $ 29,304  26,074  21,471  55,378  41,150 
Basic Earnings Per Share $ 2.06  $ 1.83  $ 1.51  $ 3.89  $ 2.89 
Diluted Earnings Per Share $ 2.04  $ 1.82  $ 1.50  $ 3.86  $ 2.87 

8

Average Consolidated Statements of Condition and Net Interest Analysis (Unaudited)
Quarter Ended Quarter Ended Quarter Ended
June 30, 2026 March 31, 2026 June 30, 2025
(dollar amounts in thousands) Average
Balance
(QTD)		 Interest Average
Yield/Rate		 Average
Balance
(QTD)		 Interest Average
Yield/Rate		 Average
Balance
(QTD)		 Interest Average
Yield/Rate
ASSETS
Interest-earning assets
Interest-bearing balances due from banks $ 17,416  $ 192  4.42  % $ 13,394  $ 166  5.03  % $ 15,820  $ 187  4.74  %
Securities1
U.S. Government securities 1,650,865  14,640  3.56  % 1,636,770  14,435  3.58  % 1,610,090  10,026  2.50  %
State and municipal2
79,748  526  2.65  % 81,218  536  2.68  % 85,080  554  2.61  %
Other Securities2
3,293  50  6.09  % 3,305  49  6.01  % 3,279  53  6.48  %
Total securities 1,733,906  15,216  3.52  % 1,721,293  15,020  3.54  % 1,698,449  10,633  2.51  %
FHLBNY and FRB stock 32,128  543  6.78  % 29,016  460  6.43  % 31,660  635  8.05  %
Total loans and leases, net of unearned income2,3
6,525,286  90,243  5.55  % 6,434,853  87,337  5.50  % 6,129,561  82,499  5.40  %
Total interest-earning assets 8,308,736  106,194  5.13  % 8,198,556  102,983  5.09  % 7,875,490  93,954  4.79  %
Other assets 352,338  382,767  293,105 
Total assets $ 8,661,074  $ 8,581,323  $ 8,168,595 
LIABILITIES & EQUITY
Deposits
Interest-bearing deposits
Interest bearing checking, savings, & money market $ 3,855,494  $ 16,359  1.70  % $ 3,823,812  $ 15,589  1.65  % $ 3,680,761  $ 16,504  1.80  %
Time deposits 1,280,086  10,171  3.19  % 1,285,701  10,420  3.29  % 1,230,182  10,975  3.58  %
Total interest-bearing deposits 5,135,580  26,530  2.07  % 5,109,513  26,009  2.06  % 4,910,943  27,479  2.24  %
Federal funds purchased & securities sold under agreements to repurchase 40,636  59  0.58  % 42,788  18  0.17  % 42,123  61  0.58  %
Other borrowings 550,041  5,369  3.92  % 491,310  4,781  3.95  % 550,558  5,976  4.35  %
Total interest-bearing liabilities 5,726,257  31,958  2.24  % 5,643,611  30,808  2.21  % 5,503,624  33,516  2.44  %
Noninterest bearing deposits 1,891,560  1,855,440  1,818,922 
Accrued expenses and other liabilities 89,540  130,879  96,074 
Total liabilities 7,707,357  7,629,930  7,418,620 
Total equity 953,717  951,393  749,975 
Total liabilities and equity $ 8,661,074  $ 8,581,323  $ 8,168,595 
Interest rate spread 2.89  % 2.88  % 2.34  %
Tax-equivalent net interest income/margin on earning assets 74,236  3.58  % 72,175  3.57  % 60,438  3.08  %
Tax-equivalent adjustment (253) (314) (308)
Net interest income $ 73,983  $ 71,861  $ 60,130 
9

Average Consolidated Statements of Condition and Net Interest Analysis (Unaudited)
Year to Date Period Ended Year to Date Period Ended
June 30, 2026 June 30, 2025
(dollar amounts in thousands) Average
Balance
(YTD)		 Interest Average
Yield/Rate		 Average
Balance
(YTD)		 Interest Average
Yield/Rate
ASSETS
Interest-earning assets
Interest-bearing balances due from banks $ 15,416  $ 359  4.70  % $ 16,121  $ 362  4.53  %
Securities1
U.S. Government securities 1,643,856  29,075  3.57  % 1,604,469  19,467  2.45  %
State and municipal2
80,479  1,062  2.66  % 85,484  1,108  2.61  %
Other securities 3,299  99  6.05  % 3,277  106  6.52  %
Total securities 1,727,634  30,236  3.53  % 1,693,230  20,681  2.46  %
FHLBNY and FRB stock 30,581  1,003  6.61  % 31,821  1,346  8.53  %
Total loans and leases, net of unearned income2,3
6,480,319  177,581  5.53  % 6,077,749  161,335  5.35  %
Total interest-earning assets 8,253,950  209,179  5.11  % 7,818,921  183,724  4.74  %
Other assets 367,469  293,975 
Total assets $ 8,621,419  $ 8,112,896 
LIABILITIES & EQUITY
Deposits
Interest-bearing deposits
Interest bearing checking, savings, & money market $ 3,839,741  $ 31,947  1.68  % $ 3,681,535  $ 32,597  1.79  %
Time deposits 1,282,878  20,593  3.24  % 1,194,807  21,532  3.63  %
Total interest-bearing deposits 5,122,619  52,540  2.07  % 4,876,342  54,129  2.24  %
Federal funds purchased & securities sold under agreements to repurchase 41,706  77  0.37  % 44,873  102  0.46  %
Other borrowings 520,838  10,149  3.93  % 556,239  12,085  4.38  %
Total interest-bearing liabilities 5,685,163  62,766  2.23  % 5,477,454  66,316  2.44  %
Noninterest bearing deposits 1,873,599  1,799,169 
Accrued expenses and other liabilities 110,095  97,170 
Total liabilities 7,668,857  7,373,793 
Total equity 952,562  739,103 
Total liabilities and equity $ 8,621,419  $ 8,112,896 
Interest rate spread 2.88  % 2.30  %
Net interest income (TE)/margin on earning assets 146,413  3.58  % 117,408  3.03  %
Tax Equivalent Adjustment (569) (616)
Net interest income $ 145,844  $ 116,792 

10

Tompkins Financial Corporation - Summary Financial Data (Unaudited)
(In thousands, except per share data)
Quarter-Ended Year-Ended
Period End Balance Sheet Jun-26 Mar-26 Dec-25 Sep-25 Jun-25 Dec-25
Securities $ 1,706,414  $ 1,702,250  $ 1,695,396  $ 1,604,357  $ 1,588,647  $ 1,695,396 
Total Loans 6,597,178  6,477,943  6,446,245  6,288,071  6,172,654  6,446,245 
Allowance for credit losses 58,479  58,108  57,671  59,889  58,555  57,671 
Total assets 8,801,522  8,695,761  8,668,268  8,468,731  8,373,818  8,668,268 
Total deposits 7,029,111  7,054,172  6,937,762  7,053,070  6,715,795  6,937,762 
Brokered deposits 169,014  109,712  114,391  145,223  138,787  114,391 
Federal funds purchased and securities sold under agreements to repurchase 181,710  118,133  95,569  80,804  127,111  95,569 
Other borrowings 546,358  449,446  564,446  444,866  672,696  564,446 
Total equity 959,932  946,741  938,377  788,805  761,793  938,377 

Average Balance Sheet
Average earning assets $ 8,308,736  $ 8,198,556  $ 8,058,427  $ 7,967,674  $ 7,875,490  $ 7,916,783 
Average assets 8,661,074  8,581,323  8,372,287  8,297,448  8,168,595  8,224,794 
Average interest-bearing liabilities 5,726,257  5,643,611  5,484,440  5,530,563  5,503,624  5,492,601 
Average equity 953,717  951,393  875,658  771,527  749,975  781,695 
Share data
Weighted average shares outstanding (basic) 14,224,972  14,250,969  14,270,206  14,248,533  14,246,395  14,252,810 
Weighted average shares outstanding (diluted) 14,333,390  14,347,514  14,356,680  14,345,219  14,320,125  14,335,358 
Period-end shares outstanding 14,382,196  14,392,337  14,420,495  14,431,300  14,430,985  14,420,495 
Common equity book value per share $ 66.74  $ 65.78  $ 65.07  $ 54.66  $ 52.79  $ 65.07 
Tangible book value per share (Non-GAAP)** $ 61.68  $ 60.73  $ 60.03  $ 48.19  $ 46.31  $ 60.03 
**See "Non-GAAP measures" below for a discussion of non-GAAP financial measures and a reconciliation of non-GAAP financial measures to the most directly comparable financial measures presented in accordance with GAAP.
Income Statement
Net interest income $ 73,983  $ 71,861  $ 69,061  $ 63,878  $ 60,130  $ 249,731 
Provision for credit loss expense 1,502  1,502  977  2,490  2,780  11,534 
Noninterest income 13,134  11,834  125,763  23,564  22,512  196,871 
Noninterest expense 47,066  47,726  54,135  53,847  51,623  210,212 
Income tax expense 9,245  8,393  43,464  7,432  6,768  63,785 
Net income attributable to Tompkins Financial Corporation 29,304  26,074  96,248  23,673  21,471  161,071 
Basic earnings per share4
2.06  1.83  6.74  1.66  1.51  11.30 
Diluted earnings per share4
2.04  1.82  6.70  1.65  1.50  11.24 
Nonperforming Assets
Nonaccrual loans and leases $ 52,426  $ 51,271  $ 47,794  $ 52,805  $ 52,325  $ 47,794 
Loans and leases 90 days past due and accruing 122  124  146  166  166  146 
Total nonperforming loans and leases 52,548  51,395  47,940  52,971  52,491  47,940 
OREO 384  269  229  0  81  229 
Total nonperforming assets $ 52,932  $ 51,664  $ 48,169  $ 52,971  $ 52,572  $ 48,169 
11

Tompkins Financial Corporation - Summary Financial Data (Unaudited) - continued
Quarter-Ended Year-Ended
Delinquency - Total loan and lease portfolio Jun-26 Mar-26 Dec-25 Sep-25 Jun-25 Dec-25
Loans and leases 30-89 days past due and
accruing $ 4,666  $ 5,874  $ 8,806  $ 7,841  $ 5,857  $ 8,806 
Loans and leases 90 days past due and accruing 122  124  146  166  166  146 
Total loans and leases past due and accruing 4,788  5,998  8,952  8,007  6,023  8,952 

Allowance for Credit Losses
Balance at beginning of period $ 58,108  $ 57,671  $ 59,889  $ 58,555  $ 61,023  $ 56,496 
Provision for credit losses 1,962  1,212  1,064  2,454  2,786  $ 11,564 
Net loan and lease charge-offs (recoveries) 1,591  775  3,282  1,120  5,254  $ 10,389 
Allowance for credit losses at end of period $ 58,479  $ 58,108  $ 57,671  $ 59,889  $ 58,555  $ 57,671 
Allowance for Credit Losses - Off-Balance Sheet Exposure
Balance at beginning of period $ 1,723  $ 1,433  $ 1,520  $ 1,484  $ 1,490  $ 1,463 
Provision (credit) for credit losses (460) 290  (87) 36  (6) $ (30)
Allowance for credit losses at end of period $ 1,263  $ 1,723  $ 1,433  $ 1,520  $ 1,484  $ 1,433 
Loan Classification - Total Portfolio
Special Mention $ 83,631  $ 66,104  $ 100,717  $ 88,398  $ 40,048  $ 100,717 
Substandard 56,380  54,331  33,764  55,762  56,740  33,764 

Ratio Analysis
Credit Quality
Nonperforming loans and leases/total loans and leases 0.80  % 0.79  % 0.74  % 0.84  % 0.85  % 0.74  %
Nonperforming assets/total assets 0.60  % 0.59  % 0.56  % 0.63  % 0.63  % 0.56  %
Allowance for credit losses/total loans and leases 0.89  % 0.90  % 0.89  % 0.95  % 0.95  % 0.89  %
Allowance/nonperforming loans and leases 111.29  % 113.06  % 120.30  % 113.06  % 111.55  % 120.30  %
Net loan and lease losses (recoveries) annualized/total average loans and leases 0.10  % 0.05  % 0.21  % 0.07  % 0.34  % 0.17  %
Capital Adequacy
Tier 1 Capital (to average assets) 10.69  % 10.58  % 10.62  % 9.41  % 9.36  % 10.62  %
Total Capital (to risk-weighted assets) 14.89  % 14.78  % 14.56  % 13.27  % 13.15  % 14.56  %
Profitability (period-end)
Return on average assets * 1.36  % 1.23  % 4.56  % 1.13  % 1.05  % 1.96  %
Return on average equity * 12.32  % 11.11  % 43.61  % 12.17  % 11.48  % 20.61  %
Net interest margin (TE) * 3.58  % 3.57  % 3.42  % 3.20  % 3.08  % 3.17  %
Average yield on interest-earning assets* 5.13  % 5.09  % 4.98  % 4.90  % 4.79  % 4.84  %
Average cost of deposits* 1.51  % 1.51  % 1.58  % 1.64  % 1.64  % 1.62  %
Average cost of funds* 1.68  % 1.67  % 1.71  % 1.83  % 1.84  % 1.80  %
* Quarterly ratios have been annualized






12

Tompkins Financial Corporation - Summary Financial Data (Unaudited) - continued

Non-GAAP Measures
This press release contains financial information determined by methods other than in accordance with U.S. generally accepted accounting principles (GAAP). Where non-GAAP disclosures are used in this press release, the comparable GAAP measure, as well as reconciliation to the comparable GAAP measure, is provided in the below table. The Company believes the non-GAAP measures provide meaningful comparisons of our underlying operational performance and facilitate management's and investors' assessments of business and performance trends in comparison to others in the financial services industry. These non-GAAP financial measures should not be considered in isolation or as a measure of the Company's profitability or liquidity; they are in addition to, and are not a substitute for, financial measures under GAAP. The non-GAAP financial measures presented herein may be different from non-GAAP financial measures used by other companies, and may not be comparable to similarly titled measures reported by other companies. Further, the Company may utilize other measures to illustrate performance in the future. Non-GAAP financial measures have limitations since they do not reflect all of the amounts associated with the Company's results of operations as determined in accordance with GAAP.

Reconciliation of Tangible Book Value Per Share (non-GAAP) to Common Equity Book Value Per Share (GAAP)
Quarter-Ended Year-Ended
Jun-26 Mar-26 Dec-25 Sep-25 Jun-25 Dec-25
Common equity book value per share (GAAP) $ 66.74  $ 65.78  $ 65.07  $ 54.66  $ 52.79  $ 65.07 
Total common equity $ 959,932  $ 946,741  $ 938,377  $ 788,805  $ 761,793  $ 938,377 
Less: Goodwill and intangibles* 72,766 72,766 72,766 93,405 93,503 72,766 
Tangible common equity (Non-GAAP) 887,166  873,975  865,611  695,400  668,290  865,611 
Ending shares outstanding 14,382,196  14,392,337  14,420,495  14,431,300  14,430,985  14,420,495 
Tangible book value per share (Non-GAAP) $ 61.68  $ 60.73  $ 60.03  $ 48.19  $ 46.31  $ 60.03 
*The decline in goodwill for the fourth quarter of 2025 over the prior periods shown in the table reflects the sale of TIA.

1 Average balances and yields on available-for-sale securities are based on historical amortized cost.
2 Interest income includes the tax effects of taxable-equivalent adjustments using an effective income tax rate of 21% in 2026 and 2025 to increase tax exempt interest income to taxable-equivalent basis.
3 Nonaccrual loans are included in the average asset totals presented above. Payments received on nonaccrual loans have been recognized as disclosed in Note 1 of the Company's consolidated financial statements included in Part I of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025.
4 Earnings per share for the full fiscal year may not equal the sum of the quarterly earnings per share as a result of rounding of average shares.
13
EX-99.2 3 q3div2026pressrelease.htm EX-99.2 Document

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For more information contact:
Stephen S. Romaine, President & CEO
Matthew Tomazin, Executive VP & CFO
Tompkins Financial Corporation (888) 503-5753

For Immediate Release
Friday, July 24, 2026

Tompkins Financial Corporation Reports Increased Cash Dividend
ITHACA, NY - Tompkins Financial Corporation (NYSE American: TMP)
Tompkins Financial Corporation announced today that its Board of Directors approved payment of a regular quarterly cash dividend of $0.70 per share, payable on August 14, 2026, to common shareholders of record on August 7, 2026. The dividend amount represents an increase of $0.03 per share, or 4.5% over the dividend paid in the second quarter of 2026.

ABOUT TOMPKINS FINANCIAL CORPORATION
Tompkins Financial Corporation is a banking and financial services company serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. Headquartered in Ithaca, NY, Tompkins Financial is parent to Tompkins Bank & Trust, which offers a full array of financial products and services, including commercial and consumer banking. Tompkins Bank & Trust provides wealth management services, including investment management, trust and estate, financial and tax planning services, under the Tompkins Financial Advisors brand. For more information on Tompkins Financial, visit www.tompkinsfinancial.com.