Tompkins Financial Corporation (TMP) AI Stock Analysis

• Market Cap: $806.72M
• Dividend Yield: 4.4%
• Average Volume (3M): 60.74K
• Price to Earnings (P/E): 11.3
• Beta (1Y): 0.90
• Revenue Growth: 41.65%
• EPS Growth: 668.73%
• Country: US
• Employees: 941
• Sector: Financial
• Sector Strength: 86
• Industry: Banks - Regional
• EPS (TTM): 4.96
• Shares Outstanding: 14,434,103
• 10 Day Avg. Volume: 62,517
• 30 Day Avg. Volume: 60,741
• PEG Ratio: 0.02
• Price to Book (P/B): N/A
• Price to Sales (P/S): 3.19
• Price to Cash Flow (P/CF): 10.90
• P/FCF Ratio: 5.10
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $83.00
• Price Target Upside: 48.37% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

Tompkins Financial Corporation's strong balance sheet and zero debt position are key strengths, but the recent lack of revenue and net income generation are significant risks. Technical indicators suggest bearish pressure, while the valuation remains reasonable with a decent dividend yield. Stabilizing revenue and profitability are crucial for improving the overall stock outlook.

Tompkins Financial Corporation Business Overview & Revenue Model

Company Description

Tompkins Financial Corporation (TMP) is a diversified financial services company headquartered in Ithaca, New York. It operates primarily through its community banking, insurance, and wealth management segments. The company provides a comprehensive range of services including commercial banking, consumer banking, and specialized financial services to small and medium-sized businesses as well as individuals. Tompkins Financial Corporation is dedicated to delivering personalized financial solutions with a focus on customer service and community involvement.

How the Company Makes Money

Tompkins Financial Corporation generates revenue primarily through interest income from its banking operations, which includes loans to individuals and businesses, and investments in securities. Fee-based income from wealth management services, such as investment advisory and financial planning, also contributes significantly to its earnings. Additionally, the company earns money through insurance commissions and fees from its insurance services segment. The bank leverages its community presence and personalized customer service to maintain a steady income stream, and it benefits from partnerships with local businesses and organizations to enhance its service offerings and expand its customer base.

Tompkins Financial Corporation Financial Statement Overview

Summary

Tompkins Financial Corporation exhibits a strong balance sheet with zero debt and a solid equity base. However, recent challenges in generating revenue and net income present significant risks. The cash flow remains robust, but the lack of recent income indicates potential issues. Stabilizing revenue and profitability is crucial.

Income Statement

The income statement shows significant fluctuations in revenue over recent years, with a notable decline to zero in 2024. Despite achieving a healthy EBIT in the TTM, the lack of revenue and net income presents a substantial risk. Historical data indicated stable gross and net profit margins up to 2023.

Balance Sheet

Tompkins Financial Corporation maintains a strong equity position with a rising stockholders' equity over time. The company has successfully reduced its total debt to zero in 2024, significantly improving the debt-to-equity ratio. However, the equity ratio has shown some volatility, reflecting changes in total assets and liabilities.

Cash Flow

The cash flow statement reveals consistent operating cash flow, supported by positive free cash flow growth. The operating cash flow to net income ratio is robust, although the lack of current net income poses risks. Historical data shows a generally stable free cash flow to net income ratio.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
295.18M	215.42M	308.25M	302.64M	299.20M
	Gross Profit
295.18M	215.42M	257.76M	255.39M	253.41M
	EBIT
71.06M	12.46M	130.63M	114.45M	97.51M
	EBITDA
0.00	20.55M	121.27M	126.14M	109.34M
	Net Income Common Stockholders
70.85M	9.51M	85.03M	89.26M	77.59M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.29B	1.48B	1.67B	2.11B	2.02B
	Total Assets
8.11B	7.82B	7.67B	7.82B	7.62B
	Total Debt
790.25M	602.10M	532.60M	124.00M	278.22M
	Net Debt
655.85M	522.56M	454.76M	60.89M	-110.24M
	Total Liabilities
7.40B	7.15B	7.05B	7.09B	278.22M
	Stockholders Equity
713.44M	668.52M	615.98M	727.53M	716.28M
Cash Flow		Free Cash Flow
94.97M	82.24M	95.17M	116.44M	96.84M
	Operating Cash Flow
94.97M	89.00M	103.34M	121.18M	101.39M
	Investing Cash Flow
-250.44M	-146.30M	-8.44M	-583.29M	-643.72M
	Financing Cash Flow
210.33M	59.00M	-80.17M	136.76M	792.81M

Tompkins Financial Corporation Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 55.94
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TMP, the sentiment is Negative. The current price of 55.94 is below the 20-day moving average (MA) of 62.10, below the 50-day MA of 65.71, and below the 200-day MA of 63.05, indicating a bearish trend. The MACD of -1.03 indicates Negative momentum. The RSI at 35.87 is Neutral, neither overbought nor oversold. The STOCH value of 26.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TMP.

Tompkins Financial Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CNOB	74 Outperform	$868.03M	12.88	5.99%	3.18%	6.06%	-15.21%
SBSI	73 Outperform	$840.51M	9.49	11.16%	5.44%	15.33%	3.68%
AMAL	73 Outperform	$805.24M	7.63	16.46%	1.91%	14.24%	20.84%
CTBI	72 Outperform	$870.88M	10.44	11.35%	4.07%	15.40%	5.79%
BRKL	68 Neutral	$904.41M	13.19	5.68%	5.32%	7.79%	-8.83%
Sector *	64 Neutral	$13.21B	9.26	9.39%	4.87%	16.14%	-8.87%
TMP	61 Neutral	$806.72M	11.26	10.25%	4.40%	41.65%	668.73%

Tompkins Financial Corporation Corporate Events

Tompkins Financial Reports Strong Q3 2024 Performance

Tompkins Financial Corporation announced a robust financial performance for Q3 2024, with net income soaring by 18.9% to $18.6 million compared to the previous quarter, driven by higher net interest margins and growth in loan balances. The company’s earnings per share surged 155.3% from the same quarter last year, largely due to the sale of securities in 2023. Despite an increase in the cost of funds, Tompkins achieved a net interest margin of 2.79%, benefiting from improved yields on assets. The firm remains well-positioned for future growth, supported by a solid capital base and diversified revenue streams.