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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 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.

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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.

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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
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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.
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TOMPKINS FINANCIAL CORPORATION
CONSOLIDATED STATEMENTS OF CONDITION
(In thousands, except share and per share data)(unaudited)
As ofAs of
ASSETS06/30/202612/31/2025
(Audited)
Cash and noninterest bearing balances due from banks$71,691 $50,717 
Interest bearing balances due from banks76,074 82,100 
Cash and Cash Equivalents147,765 132,817 
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 value791 800 
Loans held for sale129 43,440 
Total loans and leases, net of unearned income and deferred costs and fees6,597,178 6,446,245 
Less: Allowance for credit losses58,479 57,671 
Net Loans and Leases6,538,699 6,388,574 
Federal Home Loan Bank and other stock32,041 32,307 
Bank premises and equipment, net71,242 72,418 
Corporate owned life insurance79,032 77,843 
Goodwill72,736 72,736 
Accrued interest and other assets153,464 152,737 
Total Assets$8,801,522 $8,668,268 
LIABILITIES
Deposits:
Interest bearing:
Checking, savings and money market3,793,249 3,742,402 
Time1,305,531 1,298,393 
Noninterest bearing1,930,331 1,896,967 
Total Deposits7,029,111 6,937,762 
Federal funds purchased and securities sold under agreements to repurchase181,710 95,569 
Other borrowings546,358 564,446 
Other liabilities84,411 132,114 
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 capital296,831 299,206 
Retained earnings698,243 662,161 
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 
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TOMPKINS FINANCIAL CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share data) (Unaudited)Three Months EndedSix Months Ended
06/30/202603/31/202606/30/202506/30/202606/30/2025
INTEREST AND DIVIDEND INCOME
Loans$90,087 $87,123 $82,293 $177,210 $160,923 
Due from banks193 166 187 359 362 
Available-for-sale debt securities13,896 13,702 9,311 27,598 18,040 
Held-to-maturity debt securities1,222 1,218 1,220 2,440 2,437 
Federal Home Loan Bank and other stock543 460 635 1,003 1,346 
Total Interest and Dividend Income105,941 $102,669 $93,646 $208,610 $183,108 
INTEREST EXPENSE
Time certificates of deposits of $250,000 or more4,192 4,478 4,140 8,670 8,647 
Other deposits22,338 21,531 23,339 43,869 45,482 
Federal funds purchased and securities sold under agreements to repurchase59 18 61 77 102 
Other borrowings5,369 4,781 5,976 10,150 12,085 
Total Interest Expense31,958 30,808 33,516 62,766 66,316 
Net Interest Income73,983 71,861 60,130 145,844 116,792 
Less: Provision for credit loss expense1,502 1,502 2,780 3,004 8,067 
Net Interest Income After Provision for Credit Loss Expense72,481 70,359 57,350 142,840 108,725 
NONINTEREST INCOME
Insurance commissions and fees0 0 9,609 0 21,208 
Wealth management fees5,229 5,266 4,964 10,495 10,083 
Service charges on deposit accounts1,816 1,795 1,790 3,611 3,595 
Card services income3,296 2,642 3,150 5,938 5,776 
Other income2,797 2,136 2,998 4,933 6,867 
Net (loss) gain on securities transactions(4)(5)1 (9)15 
Total Noninterest Income13,134 11,834 22,512 24,968 47,544 
NONINTEREST EXPENSE
Salaries and wages22,955 21,948 26,368 44,903 51,345 
Other employee benefits5,875 6,807 7,162 12,682 14,262 
Net occupancy expense of premises3,296 3,455 3,108 6,751 6,678 
Furniture and fixture expense2,025 2,027 2,069 4,052 3,856 
Other operating expense12,915 13,489 12,916 26,404 26,089 
Total Noninterest Expenses47,066 47,726 51,623 94,792 102,230 
Income Before Income Tax Expense38,549 34,467 28,239 73,016 54,039 
Income Tax Expense9,245 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 

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Average Consolidated Statements of Condition and Net Interest Analysis (Unaudited)
Quarter EndedQuarter EndedQuarter Ended
June 30, 2026March 31, 2026June 30, 2025
(dollar amounts in thousands)Average
Balance
(QTD)		InterestAverage
Yield/Rate		Average
Balance
(QTD)		InterestAverage
Yield/Rate		Average
Balance
(QTD)		InterestAverage
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 securities1,650,865 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 securities1,733,906 15,216 3.52 %1,721,293 15,020 3.54 %1,698,449 10,633 2.51 %
FHLBNY and FRB stock32,128 543 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 assets8,308,736 106,194 5.13 %8,198,556 102,983 5.09 %7,875,490 93,954 4.79 %
Other assets352,338 382,767 293,105 
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 deposits1,280,086 10,171 3.19 %1,285,701 10,420 3.29 %1,230,182 10,975 3.58 %
Total interest-bearing deposits5,135,580 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 repurchase40,636 59 0.58 %42,788 18 0.17 %42,123 61 0.58 %
Other borrowings550,041 5,369 3.92 %491,310 4,781 3.95 %550,558 5,976 4.35 %
Total interest-bearing liabilities5,726,257 31,958 2.24 %5,643,611 30,808 2.21 %5,503,624 33,516 2.44 %
Noninterest bearing deposits1,891,560 1,855,440 1,818,922 
Accrued expenses and other liabilities89,540 130,879 96,074 
Total liabilities7,707,357 7,629,930 7,418,620 
Total equity953,717 951,393 749,975 
Total liabilities and equity$8,661,074 $8,581,323 $8,168,595 
Interest rate spread2.89 %2.88 %2.34 %
Tax-equivalent net interest income/margin on earning assets74,236 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 
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Average Consolidated Statements of Condition and Net Interest Analysis (Unaudited)
Year to Date Period EndedYear to Date Period Ended
June 30, 2026June 30, 2025
(dollar amounts in thousands)Average
Balance
(YTD)		InterestAverage
Yield/Rate		Average
Balance
(YTD)		InterestAverage
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 securities1,643,856 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 securities3,299 99 6.05 %3,277 106 6.52 %
Total securities1,727,634 30,236 3.53 %1,693,230 20,681 2.46 %
FHLBNY and FRB stock30,581 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 assets8,253,950 209,179 5.11 %7,818,921 183,724 4.74 %
Other assets367,469 293,975 
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 deposits1,282,878 20,593 3.24 %1,194,807 21,532 3.63 %
Total interest-bearing deposits5,122,619 52,540 2.07 %4,876,342 54,129 2.24 %
Federal funds purchased & securities sold under agreements to repurchase41,706 77 0.37 %44,873 102 0.46 %
Other borrowings520,838 10,149 3.93 %556,239 12,085 4.38 %
Total interest-bearing liabilities5,685,163 62,766 2.23 %5,477,454 66,316 2.44 %
Noninterest bearing deposits1,873,599 1,799,169 
Accrued expenses and other liabilities110,095 97,170 
Total liabilities7,668,857 7,373,793 
Total equity952,562 739,103 
Total liabilities and equity$8,621,419 $8,112,896 
Interest rate spread2.88 %2.30 %
Net interest income (TE)/margin on earning assets146,413 3.58 %117,408 3.03 %
Tax Equivalent Adjustment(569)(616)
Net interest income$145,844 $116,792 

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Tompkins Financial Corporation - Summary Financial Data (Unaudited)
(In thousands, except per share data)
Quarter-EndedYear-Ended
Period End Balance SheetJun-26Mar-26Dec-25Sep-25Jun-25Dec-25
Securities$1,706,414 $1,702,250 $1,695,396 $1,604,357 $1,588,647 $1,695,396 
Total Loans6,597,178 6,477,943 6,446,245 6,288,071 6,172,654 6,446,245 
Allowance for credit losses58,479 58,108 57,671 59,889 58,555 57,671 
Total assets8,801,522 8,695,761 8,668,268 8,468,731 8,373,818 8,668,268 
Total deposits7,029,111 7,054,172 6,937,762 7,053,070 6,715,795 6,937,762 
Brokered deposits169,014 109,712 114,391 145,223 138,787 114,391 
Federal funds purchased and securities sold under agreements to repurchase181,710 118,133 95,569 80,804 127,111 95,569 
Other borrowings546,358 449,446 564,446 444,866 672,696 564,446 
Total equity959,932 946,741 938,377 788,805 761,793 938,377 

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 assets8,661,074 8,581,323 8,372,287 8,297,448 8,168,595 8,224,794 
Average interest-bearing liabilities5,726,257 5,643,611 5,484,440 5,530,563 5,503,624 5,492,601 
Average equity953,717 951,393 875,658 771,527 749,975 781,695 
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 outstanding14,382,196 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 expense1,502 1,502 977 2,490 2,780 11,534 
Noninterest income13,134 11,834 125,763 23,564 22,512 196,871 
Noninterest expense47,066 47,726 54,135 53,847 51,623 210,212 
Income tax expense9,245 8,393 43,464 7,432 6,768 63,785 
Net income attributable to Tompkins Financial Corporation29,304 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 accruing122 124 146 166 166 146 
Total nonperforming loans and leases52,548 51,395 47,940 52,971 52,491 47,940 
OREO384 269 229 0 81 229 
Total nonperforming assets$52,932 $51,664 $48,169 $52,971 $52,572 $48,169 
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Tompkins Financial Corporation - Summary Financial Data (Unaudited) - continued
Quarter-EndedYear-Ended
Delinquency - Total loan and lease portfolioJun-26Mar-26Dec-25Sep-25Jun-25Dec-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 accruing122 124 146 166 166 146 
Total loans and leases past due and accruing4,788 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 losses1,962 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 
Substandard56,380 54,331 33,764 55,762 56,740 33,764 

Ratio Analysis
Credit Quality
Nonperforming loans and leases/total loans and leases0.80 %0.79 %0.74 %0.84 %0.85 %0.74 %
Nonperforming assets/total assets0.60 %0.59 %0.56 %0.63 %0.63 %0.56 %
Allowance for credit losses/total loans and leases0.89 %0.90 %0.89 %0.95 %0.95 %0.89 %
Allowance/nonperforming loans and leases111.29 %113.06 %120.30 %113.06 %111.55 %120.30 %
Net loan and lease losses (recoveries) annualized/total average loans and leases0.10 %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






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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-EndedYear-Ended
Jun-26Mar-26Dec-25Sep-25Jun-25Dec-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*72,76672,76672,76693,40593,50372,766 
Tangible common equity (Non-GAAP)887,166 873,975 865,611 695,400 668,290 865,611 
Ending shares outstanding14,382,196 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.
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