News Column

Tompkins Financial Corporation Reports Increased First Quarter Earnings

May 17, 2014

By a News Reporter-Staff News Editor at Investment Weekly News -- Tompkins Financial Corporation (NYSEMKT:TMP) Tompkins Financial Corporation reported net income of $12.6 million for the first quarter of 2014, an increase of 9.2% from the $11.5 million reported for the same period in 2013. Diluted earnings per share were $0.84 for the first quarter of 2014, a 6.3% increase from $0.79 reported for the first quarter of 2013. Prior period results included in this press release were impacted by certain non-recurring items, which are more fully described in the non-GAAP disclosure tables included with this press release.

President and CEO Stephen S. Romaine said, "We are pleased to start 2014 with the strongest first quarter in our history. In addition to earnings per share growth over the first quarter of 2013, loan and deposit levels increased from the same period last year, and from the most recent prior quarter. At the same time we saw continued improvement in nearly all credit quality indicators."

Keywords for this news article include: Banking and Finance, Investment and Finance, Financial Service Companies, Tompkins Financial Corporation.

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Source: Investment Weekly News

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