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Tompkins Financial (TMP)

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
CEO
Stephen S. Romaine
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
TOMPKINS COUNTY TRUSTCO INC, TOMPKINS TRUSTCO INC
SEC CIK
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

Data from SEC filings
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
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

Beta Read what these cash burn values mean

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
62.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 155 153 +1.3%
Opened positions 18 15 +20.0%
Closed positions 16 17 -5.9%
Increased positions 42 47 -10.6%
Reduced positions 57 54 +5.6%
13F shares Current Prev Q Change
Total value 652.78M 809.67M -19.4%
Total shares 9.02M 10.26M -12.1%
Total puts 0 0
Total calls 0 10.4K EXIT
Total put/call ratio
Largest owners Shares Value Change
BLK Blackrock 2.03M $146.25M +0.9%
Vanguard 1.38M $99.49M -3.9%
STT State Street 1.31M $94.72M -0.7%
TMP Tompkins Financial 1.19M $85.65M -4.0%
Dimensional Fund Advisors 466.1K $33.6M +2.1%
Geode Capital Management 222.4K $16.04M -1.1%
Boston Trust Walden 193.29K $13.94M +0.9%
NTRS Northern Trust 151.8K $10.95M -2.8%
BK Bank Of New York Mellon 141.65K $10.21M -3.7%
Charles Schwab Investment Management 128.49K $9.27M +2.5%
Largest transactions Shares Bought/sold Change
Tompkins Trust 0 -1.24M EXIT
IVZ Invesco 107.57K +75.75K +238.1%
Vanguard 1.38M -56.13K -3.9%
TMP Tompkins Financial 1.19M -48.9K -4.0%
Cadence Wealth Management 47.49K +47.49K NEW
Coombe, Bender & Co 35.91K +35.91K NEW
Parametric Portfolio Associates 0 -32.07K EXIT
LGEN Legal & General 0 -30.03K EXIT
BAC Bank Of America 29.46K -21.7K -42.4%
Ergoteles 0 -18.67K EXIT

Financial report summary

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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

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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
Removed: accepting, added, Additionally, amend, assist, confirmed, contingency, designed, detail, development, factor, flat, impacted, introduced, modify, moved, negatively, obligated, owed, peak, remained, reopening, setting, spread