Tompkins Financial Corp. (TMP) reported that its second-quarter net income to company increased to $11.01 million or $0.75 per share, from $8.83 million or $0.72 per share last year. Adjusted earnings per share was $0.76, flat with last year.
Net interest income was $39.8 million, an increase of 41.7% over the same period last year. The addition of VIST Bank and steady loan growth contributed to the year-over-year increase. Noninterest income was $16.5 million, an increase of 29.6% over the same period in 2012. The increase from the same quarter last year is mainly a result of the VIST acquisition.
by RTT Staff Writer
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