Tompkins Financial Corporation reported diluted earnings per share of $2.00 for the third quarter of 2026, a decrease of $0.04 from the prior quarter but an increase of $0.35 from the same period in 2025. Net income for the quarter totaled $28.7 million, down $650,000 from the second quarter of 2026 but up $5.0 million from the third quarter of 2025.
For the nine months ended September 30, 2026, diluted earnings per share reached $5.86, representing a 29.6% increase from $4.52 in the same period of 2025. Net income for the year-to-date period was $84.0 million, up $19.2 million, or 29.6%, from $64.8 million in the prior year.
Net interest income for the third quarter was $77.3 million, an increase of 4.5% from the second quarter of 2026 and 21.0% from the third quarter of 2025. The company reported a net interest margin of 3.65% for the quarter, an increase of 7 basis points from the prior quarter and 45 basis points from the third quarter of 2025.
Noninterest income for the third quarter totaled $12.6 million, a decrease of $11.0 million, or 46.7%, from the third quarter of 2025. This decline was primarily attributed to the sale of the insurance subsidiary, Tompkins Insurance Agencies, Inc., in the fourth quarter of 2025. Noninterest expense for the quarter was $49.1 million, down $4.8 million, or 8.8%, from the prior year.
Asset quality metrics remained stable, with nonperforming assets totaling $53.8 million, or 0.60% of total assets. The allowance for credit losses was 0.90% of total loans and leases. The company repurchased 18,118 shares of common stock during the third quarter at an aggregate cost of $1.8 million.
On October 22, 2026, the Company's Board of Directors declared a dividend of $0.74 per share, payable on November 13, 2026, to common shareholders of record on November 6, 2026.
