Businessweek

Tompkins Financial Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. Total interest and dividend income was $44.5 million against $33.1 million last year. Net interest income was $38.2 million against $27.4 million last year. Income before income tax expense was $17.0 million against $11.6 million last year. Net income attributable to the company was $11.5 million or $0.79 per diluted share against $7.8 million or $0.70 per diluted share last year. Book value per share was $30.93 against $27.32 at March 31, 2012. Tangible book value per share was $23.29 against $22.99 at March 31, 2012. Return on average assets was 0.95% against 0.91% last year. Return on average equity was 10.53% against 10.35% last year. Non-GAAP net operating income was $11.6 million against $7.9 million last year. Adjusted diluted earnings per share were $0.81 against $0.71 last year. Adjusted net operating Income was $12 million against $8 million last year. Adjusted operating return on shareholders' tangible equity (annualized) was 14.59% against 12.53% last year. Net interest income was down $3.6 million from the fourth quarter of 2012, primarily due to less accretion of purchase accounting loan marks in the first quarter of 2013 compared to the fourth quarter of 2012. Net loan and lease charge-offs totaled $0.9 million in the first quarter of 2013, down from $7.6 million in the fourth quarter of 2012 and down from $1.8 million in the first quarter of 2012.

Tompkins Financial Corporation announced that its Board of Directors approved payment of a regular quarterly cash dividend of $0.38 per share, payable on May 15, 2013, to common shareholders of record on May 6, 2013.

Tompkins Financial Corporation - Special Call

Tompkins Financial Corporation, Annual General Meeting, May 20, 2013., at 17:30 US Eastern Standard Time. Location: Country Club of Ithaca. Agenda: To elect eighteen (18) Directors for a term of one year expiring in 2014; to ratify the appointment of the independent registered public accounting firm, KPMG LLP, as the Company’s independent auditor for the fiscal year ending December 31, 2013; an to transact such other business as may properly come before the annual meeting or any adjournment thereof.

Tompkins Financial Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported net income attributable to the company of $11.2 million, up from $9.4 million in the same period in 2011. Despite the rise in net income, diluted earnings per share of $0.77 was down 8.3% from $0.81 for the fourth quarter of 2011 due to the greater number shares outstanding in 2012 as a result of shares issued to complete the VIST acquisition. Net income was reduced by after-tax merger related expenses of $462,000 in the fourth quarter of 2012 and $152,000 in the fourth quarter of 2011. Non-GAAP operating income was $11.6 million or $0.81 diluted operating earnings per share. This represents a decrease of 5.8% from $9.54 million or $0.86 diluted operating earnings per share reported for the fourth quarter of 2011. The decrease in current period operating performance is attributable to higher provision expense primarily related to loan charge-offs in the Hudson Valley Region. Net interest income was $41.8 million compared to $28.0 million for the same period in 2011. The increase in 2012 reflects the addition of VIST Bank. The company reported income before income tax expense of $13.61 million and total interest and dividend income of $48.77 million compared to income before income tax expense of $13.84 million and total interest and dividend income of $33.91 million reported a year ago. Book value per share was $30.67 compared to $26.89 as at December 31, 2011. Tangible book value per share was $22.96 compared to $22.99 as at December 31, 2011. Return on average assets was 0.91% compared to 1.11% reported a year ago. Return on average equity was 10.01% compared to 12.07% reported a year ago. Adjusted net operating income was $11.97 million compared to $9.62 million reported a year ago. Net income attributable to the company for the year ended December 31, 2012 was $31.3 million, down from $35.4 million in 2011. Diluted earnings per share of $2.43 represent a decline from diluted earnings per share of $3.20 in 2011. The decline from 2011 is primarily due to the $9.7 million or $0.76 diluted per share in after tax merger related expenses included in 2012 results, against $152,000 or $0.01 per share in after tax merger related expenses included in 2011 results; as well as the increase in weighted average shares outstanding. Net interest income was $131.14 million compared to $111.41 million for the same period in 2011. The company reported income before income tax expense of $42.51 million and total interest and dividend income of $158.36 million compared to income before income tax expense of $51.92 million and total interest and dividend income of $137.09 million reported a year ago. Return on average assets was 0.76%. Return on average equity was 8.30%. Net operating income (Non-GAAP) was $40.71 million or $3.17 per diluted share compared to $35.57 million or $3.22 per diluted share reported a year ago. Adjusted net operating income was $41.71 million. Results for the year to date and the fourth quarter were negatively impacted by merger related costs. Excluding those costs, its per share earnings performance for the two quarters that have included results with VIST has been among the best of any six month period in its company's long history. For the quarter, the company reported net other-than-temporary impairment losses of $76,000 compared to $65,000 reported a year ago.