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
Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
comments powered by Disqus
Follow RTT