Tompkins Financial Corp. engages in the provision of financial services. It operates through the following segments: Banking, Insurance, and Wealth Management. The Banking segment is considered as all its other activities. The Insurance segment is comprised of property and casualty insurance services and employee benefit consulting operated under the Tompkins Insurance Agencies, Inc. subsidiary. The Wealth management activities include the rest of the Company's trust, financial planning, and wealth management services conducted under the trust department of the Trust Company. Tompkins Financial was founded in 1995 and is headquartered in Ithaca, NY.

Company profile
Ticker
TMP
Exchange
Website
CEO
Stephen S. Romaine
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
TOMPKINS COUNTY TRUSTCO INC, TOMPKINS TRUSTCO INC
SEC CIK
Corporate docs
Subsidiaries
Tompkins Trust Company • Tompkins Real Estate Holdings, Inc. • Castile Funding Corporation • Mahopac Funding Corporation • Tompkins Insurance Agencies, Inc. • TFA Management, Inc. • Tompkins Risk Managers, Inc. ...
IRS number
161482357
TMP stock data
Investment data
Top 50 of 581 long holdings End of quarter 30 Jun 22 |
Value |
#Shares |
Prev Q |
Change %, QoQ |
---|---|---|---|---|
$85.65M | 1.19M | 1.24M | -4.0 | |
$31.73M | 123.56K | 124.54K | -0.8 | |
$31.69M | 231.8K | 246.84K | -6.1 | |
$22.37M | 779.91K | 770.76K | +1.2 | |
$13.1M | 40.39K | 41K | -1.5 | |
$12.23M | 54.08K | 50.36K | +7.4 | |
$11.64M | 135.96K | 132.02K | +3.0 | |
Vanguard ETF/USA
|
$11.39M | 279.24K | 256.95K | +8.7 |
$10.26M | 41.55K | 41.52K | +0.1 | |
$9.56M | 88.02K | 87.75K | +0.3 | |
$9.42M | 185.6K | 179.8K | +3.2 | |
$9.21M | 75.72K | 72.32K | +4.7 | |
$8.99M | 53.92K | 54.26K | -0.6 | |
$8.81M | 54.01K | 53.82K | +0.4 | |
$8.77M | 31.96K | 31.27K | +2.2 | |
$8.38M | 54.79K | 54.71K | +0.2 | |
$8.03M | 88.03K | 88.66K | -0.7 | |
$7.97M | 70.77K | 70.39K | +0.5 | |
$7.91M | 185.39K | 181.17K | +2.3 | |
$7.57M | 29.85K | 30.29K | -1.5 | |
$7.5M | 3.44K | 3.49K | -1.3 | |
$7.44M | 40.74K | 39.86K | +2.2 | |
$7.29M | 50.7K | 51.1K | -0.8 | |
$7.14M | 66.6K | 65.22K | +2.1 | |
$7.05M | 28.99K | 28.29K | +2.5 | |
$7.01M | 14.62K | 15.1K | -3.2 | |
$6.92M | 39.84K | 39.35K | +1.2 | |
$6.7M | 105.9K | 103.26K | +2.5 | |
$6.29M | 19.93K | 19.62K | +1.5 | |
$6.14M | 34.59K | 34.57K | +0.1 | |
$6.01M | 56.58K | 2.76K | +1950.7 | |
$5.99M | 79.62K | 80.73K | -1.4 | |
$5.86M | 72.57K | 72.74K | -0.2 | |
$5.8M | 9.53K | 9.16K | +4.0 | |
$5.73M | 18.32K | 18.06K | +1.5 | |
$5.72M | 42.31K | 41.17K | +2.8 | |
$5.37M | 19.67K | 19.73K | -0.3 | |
$5.33M | 35.82K | 34.63K | +3.4 | |
$5.26M | 34.34K | 35.57K | -3.4 | |
$5.22M | 93.45K | 92.46K | +1.1 | |
$5.2M | 23.49K | 22.96K | +2.3 | |
$5.11M | 72.77K | 83.93K | -13.3 | |
$4.97M | 403.08K | 385.43K | +4.6 | |
$4.94M | 70.64K | 77.87K | -9.3 | |
$4.52M | 16.27K | 16.95K | -4.0 | |
$4.29M | 11.73K | 11.24K | +4.4 | |
$4.13M | 27.23K | 27.96K | -2.6 | |
$3.77M | 10.87K | 11.06K | -1.7 | |
$3.76M | 26.65K | 28.23K | -5.6 | |
$3.18M | 45.49K | 42.35K | +7.4 |
Holdings list only includes long positions.
Only includes long positions.
Calendar
8 Aug 22
18 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 80.39M | 80.39M | 80.39M | 80.39M | 80.39M | 80.39M |
Cash burn (monthly) | 31.56M | 17.55M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 52.02M | 28.93M | n/a | n/a | n/a | n/a |
Cash remaining | 28.38M | 51.46M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 0.9 | 2.9 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
7 Jul 22 | Weber Alfred J | Phantom Stock Common Stock | Grant | Acquire A | No | No | 72.9425 | 153.888 | 11.22K | 5,231.059 |
7 Jul 22 | Alexander John E | Phantom Stock Common Stock | Grant | Acquire A | No | No | 72.9425 | 84.313 | 6.15K | 20,753.37 |
7 Jul 22 | Alexander John E | Phantom Stock Common Stock | Grant | Acquire A | No | No | 72.9425 | 175.138 | 12.78K | 20,669.057 |
7 Jul 22 | Fessenden Daniel J. | Phantom Stock Common Stock | Grant | Acquire A | No | No | 72.9425 | 34.959 | 2.55K | 5,894.296 |
7 Jul 22 | Fessenden Daniel J. | Phantom Stock Common Stock | Grant | Acquire A | No | No | 72.9425 | 201.871 | 14.72K | 5,859.337 |
7 Jul 22 | Spain Michael H | Phantom Stock Common Stock | Grant | Acquire A | No | No | 72.9425 | 191.536 | 13.97K | 9,403.058 |
7 Jul 22 | Rochon Thomas R. | Common Stock | Grant | Acquire A | No | No | 72.9425 | 119.683 | 8.73K | 1,168.844 |
7 Jul 22 | Rochon Thomas R. | Phantom Stock Common Stock | Grant | Acquire A | No | No | 72.9425 | 359.05 | 26.19K | 17,619.089 |
Institutional ownership, Q2 2022
62.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 155 |
Opened positions | 18 |
Closed positions | 16 |
Increased positions | 42 |
Reduced positions | 57 |
13F shares | Current |
---|---|
Total value | 652.78M |
Total shares | 9.02M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 2.03M | $146.25M |
Vanguard | 1.38M | $99.49M |
STT State Street | 1.31M | $94.72M |
TMP Tompkins Financial | 1.19M | $85.65M |
Dimensional Fund Advisors | 466.1K | $33.6M |
Geode Capital Management | 222.4K | $16.04M |
Boston Trust Walden | 193.29K | $13.94M |
NTRS Northern Trust | 151.8K | $10.95M |
BK Bank Of New York Mellon | 141.65K | $10.21M |
Charles Schwab Investment Management | 128.49K | $9.27M |
Financial report summary
?Risks
- Risks Related to the COVID-19 Pandemic.
- The ongoing COVID-19 pandemic is increasing cyber-security risks.
- Risks Related to the Company’s Business
- The Company has consolidated its bank subsidiaries, which may result in significant implementation costs in 2022.
- The Company is subject to increased business risk because the Company has a significant concentration of commercial real estate and commercial business loans, repayment of which is often dependent on the cash flows of the borrower.
- The Company’s agricultural loans are often dependent upon the health of the agricultural industry in the location of the borrower, and the ability of the borrower to repay may be affected by many factors outside of the borrower’s control.
- Declines in asset values may result in impairment charges and may adversely affect the value of the Company’s results of operations, financial condition and cash flows.
- A decline in the value of our goodwill and other intangible assets could adversely affect our financial condition and results of operations.
- The Company may be adversely affected by the soundness of other financial institutions.
- The Company relies on cash dividends from its subsidiaries to fund its operations, and payment of those dividends could be discontinued at any time.
- The Company’s business may be adversely affected by general economic conditions in local and national markets, the possibility of the economy’s return to recessionary conditions and the possibility of further turmoil or volatility in the financial markets.
- Our business is concentrated in and largely dependent upon the continued growth and welfare of the general geographic markets in which we operate.
- Our insurance agency subsidiary’s commission revenues are based on premiums set by insurers and any decreases in these premium rates could adversely affect our operations and revenues.
- Our funding sources may prove insufficient to replace deposits and support our future growth.
- The Company is or may become involved in lawsuits, legal proceedings, information-gathering requests, and investigations by governmental agencies or other parties that may lead to adverse consequences.
- Climate change could have a material negative impact on the Company and clients.
- The Company operates in a highly regulated environment and may be adversely impacted by current or future laws and regulations due to increased compliance costs, potential fines for noncompliance, and restrictions on our ability to offer products or buy or sell businesses.
- The Company could be subject to environmental risks and associated costs on real estate properties owned by the Company, real estate properties that collateralize the Company’s loans or real estate properties that the Company obtains title to.
- The Company may be exposed to regulatory sanctions or liability if we do not timely detect and report money laundering or other illegal activities.
- The Company may be adversely affected by fraud.
- Our business requires the collection and retention of large volumes of sensitive data, which is subject to extensive regulation and oversight and exposes our business to additional risks.
- A breach of information or other technological security, including as a result of cyber-attacks, could have a material adverse effect on our business, financial condition and results of operations.
- The Company's operations may be adversely affected if its external vendors do not perform as expected or if its access to third-party services is interrupted.
- Our success depends on our ability to offer our customers an evolving suite of products and services, and we may not be able to effectively manage the risks inherent in the development of financial products and services.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
|
New words:
charter, classification, derivative, dynamic, entering, inflation, inflationary, outsourcing, overdraft, percentile, platform, printing, prohibit, ranking, speculative, Subtopic, Tabular, twenty
Financial reports
Current reports
8-K
Tompkins Financial Corporation Reports Second Quarter Earnings
22 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
16 May 22
8-K
Regulation FD Disclosure
11 May 22
8-K
Tompkins Financial Corporation Reports First Quarter Earnings
29 Apr 22
8-K
Tompkins Financial Corporation Reports Record Full Year Earnings
28 Jan 22
8-K
Departure of Directors or Certain Officers
3 Dec 21
8-K
Tompkins Financial Corporation Reports Third Quarter Earnings
22 Oct 21
8-K
Tompkins Financial Corporation Reports Record Second Quarter Earnings
23 Jul 21
8-K
Submission of Matters to a Vote of Security Holders
14 May 21
8-K
Tompkins Financial Corporation Reports Record First Quarter Earnings
30 Apr 21
Registration and prospectus
Other
EFFECT
Notice of effectiveness
5 Aug 21
CORRESP
Correspondence with SEC
1 Aug 21
UPLOAD
Letter from SEC
29 Jul 21
EFFECT
Notice of effectiveness
7 Aug 20
CORRESP
Correspondence with SEC
3 Aug 20
UPLOAD
Letter from SEC
29 Jul 20
EFFECT
Notice of effectiveness
29 Jul 18
CORRESP
Correspondence with SEC
26 Jul 18
UPLOAD
Letter from SEC
25 Jul 18
EFFECT
Notice of effectiveness
27 Jul 17
Ownership
13F-HR
Quarterly holdings report by institutional manager
14 Jul 22
4
TOMPKINS FINANCIAL / Jennifer R Tegan ownership change
11 Jul 22
4
TOMPKINS FINANCIAL / Thomas R. Rochon ownership change
11 Jul 22
4
TOMPKINS FINANCIAL / MICHAEL H SPAIN ownership change
8 Jul 22
4
TOMPKINS FINANCIAL / Daniel J. Fessenden ownership change
8 Jul 22
4
TOMPKINS FINANCIAL / JOHN E ALEXANDER ownership change
8 Jul 22
4
TOMPKINS FINANCIAL / ALFRED J WEBER ownership change
8 Jul 22
11-K
Annual report of employee stock purchases
29 Jun 22
11-K
Annual report of employee stock purchases
29 Jun 22
4
TOMPKINS FINANCIAL / Ita M Rahilly ownership change
26 May 22
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