NYSE$TMP
Tompkins Financial Corporation · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Reported record full year earnings and decreased earnings per share for the fourth quarter due to higher provision for credit losses.
Tompkins Financial Corporation reported record full year earnings with diluted earnings per share of $6.05, up 16.4% from 2020. However, diluted earnings per share for the fourth quarter of 2021 were down 17.4% compared to the same period in 2020, primarily due to higher provision for credit losses.
- Net income for 2021 was $89.3 million, an increase of $11.7 million compared to 2020.
- Diluted earnings per share for the fourth quarter of 2021 were $1.33, down 17.4% compared to $1.61 in 2020.
- Net interest income was $57.8 million for both the fourth quarter of 2021 and 2020.
- Noninterest income for the fourth quarter of 2021 was $19.2 million, up 1.7% compared to 2020.
Headline financials
Revenue & EPS history
Tompkins · Revenue · Quarterly
$77M
Revenue by segment
Tompkins · $60M total across 3 segments · Q1 2021
- Insurance commissions$20M—33.3%
- Wealth management$20M—33.3%
- Card services$20M—33.3%
Forward guidance
Effective January 1, 2022, the company's four community banks were combined into a single charter. The company expects the change to be largely transparent to customers, allow it to better leverage the Tompkins brand, and lead to some operating efficiencies. The combined bank will conduct business under the “Tompkins” brand name, with a legal name of “Tompkins Community Bank.
Tailwinds
- Better leverage of the Tompkins brand.
- Operating efficiencies.
- Better able to leverage product and technology enhancements.
- Transparent to customers.
- Single charter.
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 Q4 2021
+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
| Quarter | Report date | Reaction (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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