logo
Share SHARE
FONT-SIZE Plus   Neg

Tompkins Financial Q1 Profit Increases - Quick Facts

Tompkins Financial Corp. (TMP) reported net income of $11.5 million for the first quarter of 2013, an increase of 47.4% from the $7.8 million in the same period in 2012. Earnings per share were $0.79 for the first quarter of 2013, a 12.9% increase from $0.70 reported for the first quarter of 2012. On average, 4 analysts polled by Thomson Reuters expected the company to report earnings of $0.86 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest income of $38.2 million for the first quarter of 2013 increased 39.2% or $10.8 million, compared to $27.4 million for the same period in 2012. The addition of VIST Bank and steady loan growth contributed to the year-over-year increase.

Noninterest income was $17.4 million for the first quarter of 2013, up 49.1% over the same period in 2012.

The company also announced that its Board approved payment of a regular quarterly cash dividend of $0.38 per share, payable on May 15, 2013, to common shareholders of record on May 6, 2013.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Chipotle Mexican Grill (CMG) is giving away free food and drinks this September as the restaurant chain still struggles to boost its sales that has been sluggish after outbreaks of E.coli, salmonella and norovirus at its restaurants. The chain is offering free kids meals every Sunday in September... It seems that Colonel Sanders' nephew unknowingly disclosed the secret blend of 11 herbs and spices behind KFC's fried chicken, which the food chain touts as the most heavily-guarder food recipe in the world. However, KFC executives refutes the report and insist that its 11-spice "Original Recipe"... QSR Brands, Malaysia's largest fast food operator, is planning for an initial public offering worth more than $400 million, according to the Wall Street Journal.
comments powered by Disqus
Follow RTT