NYSE$TMP

Tompkins Financial Corporation · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Tompkins Financial Corporation reported first quarter earnings impacted by the COVID-19 pandemic.

Tompkins Financial Corporation announced net income attributable to common shareholders of $7.9 million, or $0.53 per diluted common share for the first quarter of 2020, compared to $21.0 million, or $1.37 per diluted common share, for the first quarter of 2019. The current economic stress resulting from the COVID-19 pandemic contributed to the $16.3 million provision for credit losses recognized during the quarter.

  • Net income attributable to common shareholders was $7.9 million, or $0.53 per diluted common share.
  • Net interest margin was 3.44%, up compared to 3.34% in the first quarter of 2019.
  • Net interest income of $53.0 million, up 2.0% compared to the first quarter of 2019.
  • Nonperforming assets represented 0.46% of total assets at March 31, 2020, down slightly from 0.47% at December 31, 2019.

Headline financials

Total Revenue

$71.9M

Previous: $71.3M+0.9%
EPS (adj)

$0.53

Previous: $1.37-61.3%
Net interest margin

3.4%

Previous: 3.3%+3.0%
Capital Expenditures

-$909K

Previous: -$1.64M+44.6%
Free Cash Flow

$7.04M

Previous: $19.4M-63.7%
Net Income

$7.95M

Previous: $21M-62.2%
Operating Income

$17.2M

Previous: $31.1M-44.7%
Gross Profit

$55.6M

Previous: $71.3M-22.0%
Cash & Equivalents

$115M

Previous: $70.6M+63.3%
Total Assets

$6.74B

Previous: $6.74B+0.1%
Stock-Based Comp

$1.18M

Previous: $985K+19.8%

Revenue & EPS history

Tompkins · Revenue · Quarterly

$71.9M

Q1 2020+0.9%vs Q1 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Tompkins · $60M total across 3 segments · Q1 2021

  • Insurance commissions
    $20M
  • Wealth management
    $20M
  • Card services
    $20M

Forward guidance

The overall impact of COVID-19 on our consolidated results of operations for the three months ended March 31, 2020 was limited, with the exception of our provision for credit losses. The extent to which the COVID-19 pandemic will affect our business, results of operation and financial condition going forward is difficult to predict and depends on numerous evolving factors.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.2%

Avg return

Earnings day

-0.5%

Avg return

5 days after

+1.3%

Avg return

30 days after

47%

31 / 66 earnings

Positive

+7.9%

Q3 2024

Best reaction

-6.4%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.6%-1.3%+0.8%
Q4 2025+4.4%+8.7%-0.0%
Q3 2025+1.4%-1.1%+5.5%
Q2 2025-1.1%-1.3%+2.8%
Q1 2025-0.7%-0.1%+1.6%
Q4 2024+3.0%+7.1%+2.2%
Q3 2024+7.9%+5.7%+23.1%
Q2 2024-0.2%-1.0%-2.8%
Q1 2024-2.3%-0.3%+1.8%
Q4 2023+0.5%-9.1%-10.2%
Q3 2023+0.2%-0.6%+7.9%
Q2 2023+0.7%+2.8%-9.3%
Q1 2023-1.3%-9.7%-8.1%
Q4 2022-0.5%+0.5%+0.8%
Q3 2022+2.9%+2.2%+4.4%
Q2 2022-0.5%+2.8%+4.4%
Q1 2022-1.5%+0.5%+0.4%
Q4 2021-0.5%+0.3%-0.7%
Q3 2021+2.7%-1.3%+1.6%
Q2 2021-0.6%-0.1%+4.6%
Q1 2021+2.4%+2.2%+3.5%
Q4 2020-2.7%+0.2%+10.0%
Q3 2020-0.8%-5.5%+13.4%
Q2 2020-0.8%+1.9%+2.4%
Q1 2020-2.8%-5.2%-4.7%
Q4 2019+0.5%+2.4%-9.4%
Q3 2019+1.5%+4.8%+6.7%
Q2 2019-1.9%-0.9%-2.6%
Q1 2019+4.0%+4.1%+2.8%
Q4 2018-6.0%-6.4%+2.2%
Q3 2018-6.4%-11.6%+0.1%
Q2 2018+3.0%+0.6%-0.7%
Q1 2018-0.8%-0.2%+9.1%
Q4 2017-1.9%-2.0%-3.9%
Q3 2017-1.4%-1.4%-2.2%
Q2 2017-1.3%+2.0%-6.6%
Q1 2017-3.9%-1.8%-10.2%
Q4 2016-3.5%-4.5%-3.0%
Q3 2016+0.3%-6.6%+9.8%
Q2 2016+4.1%+4.4%+4.0%
Q1 2016+0.6%
Q4 2015+4.7%
Q3 2015-0.6%
Q2 2015+0.6%
Q1 2015+0.1%
Q4 2014+0.5%
Q3 2014+0.3%
Q2 2014-0.2%
Q1 2014-2.1%
Q4 2013-1.4%
Q3 2013+4.8%
Q2 2013-1.5%
Q1 2013-2.5%
Q4 2012+2.4%
Q3 2012+2.3%
Q2 2012-1.0%
Q1 2011+0.6%
Q1 2012+1.6%
Q4 2011+2.3%
Q4 2009+2.3%
Q4 2010+2.3%
Q3 2011-1.7%
Q3 2010-1.7%
Q2 2010-0.3%
Q2 2011-0.3%
Q1 2010+5.2%

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