Update: Tompkins Financial Shares Rise After Q2 Beat

MT Newswires Live
Jul 25

(Updates with recent stock movement in headline and first paragraph, and dividend boost in sixth)

Tompkins Financial (TMP) shares were up over 6% in Friday afternoon trading following better-than-expected Q2 results.

Earlier, the company reported Q2 earnings of $2.04 per diluted share, up from $1.50 a year earlier.

Two analysts polled by FactSet expected $1.82.

Revenue for the quarter ended June 30, expressed as the sum of net interest income and total noninterest income, was $87.1 million, up from $82.6 million a year earlier.

Two analysts expected $86.9 million.

Tompkins raised its quarterly dividend to $0.70 per share from $0.67, payable on Aug. 14 to shareholders of record Aug. 7.

Price: 98.34, Change: +5.69, Percent Change: +6.14

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