logo
Share SHARE
FONT-SIZE Plus   Neg

Tompkins Financial Q2 Profit Rises - Quick Facts

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

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Tata Steel UK announced that it has reached deal with the trade unions regarding a proposal to close the British Steel Pension Scheme to future accrual. The company also guaranteed investments and employment. The company said it will next week start consultation with its employees regarding the pension scheme closure. Instead, employees would be offered a competitive defined contribution scheme. Philip Morris International Inc. has filed an application with the U.S. Food and Drug Administration to market a new type of cigarette that holds potentially less health risks than conventional cigarettes. The new type of cigarette electronically heats tobacco to produce a vapor without burning it, making it less harmful. Apple Inc. has confirmed that the iPhone 6s battery issue may be larger than thought, as the tech giant said that some customers "outside the affected range of devices" have also reported unexpected shutdowns. The company again stressed that it is not a security issue.
comments powered by Disqus
Follow RTT