# EDGAR Filing Document

**Accession Number:** 0001005817
**File Stem:** 0001005817-26-000045
**Filing Date:** 2026-4
**Character Count:** 52722
**Document Hash:** 439a2620b1118cb77c6bc5e5a9e7a795
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001005817-26-000045.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0001005817-26-000045

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20260423

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TOMPKINS FINANCIAL CORP
- **CENTRAL INDEX KEY:** 0001005817
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 161482357
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-12709
- **FILM NUMBER:** 26890692

**BUSINESS ADDRESS:**
- **STREET 1:** 118 E SENECA STREET
- **STREET 2:** P.O. BOX 460
- **CITY:** ITHACA
- **STATE:** NY
- **ZIP:** 14850
- **BUSINESS PHONE:** 607-274-2078

**MAIL ADDRESS:**
- **STREET 1:** 118 E. SENECA STREET
- **STREET 2:** PO BOX 460
- **CITY:** ITHACA
- **STATE:** NY
- **ZIP:** 14850

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TOMPKINS TRUSTCO INC
- **DATE OF NAME CHANGE:** 19990512

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TOMPKINS COUNTY TRUSTCO INC
- **DATE OF NAME CHANGE:** 19960117

?xml version='1.0' encoding='ASCII'? tmp-20260423

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT**

**Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported) <u>April 23, 2026</u>

Tompkins Financial Corporation

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| New York | 1-12709 | 16-1482357 |
| (State or other jurisdiction | (Commission | (IRS Employer |
| of incorporation) | File Number) | Identification No.) |

---

<u>118 E. Seneca Street,</u> <u>PO Box 460,</u> <u>Ithaca</u> <u>New York</u> 14851 <br> (Address of Principal executive offices) (Zip Code)

Registrant's telephone number, including area code <u>(888)</u> <u> 503-5753</u>

 <br> (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, $0.10 par value | TMP | NYSE American, LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company&nbsp;&nbsp;&nbsp;&nbsp;☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 2.02 Results of Operations and Financial Condition**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On April 24, 2026, Tompkins Financial Corporation, (the "Company") issued a press release announcing its earnings for the calendar quarter ended March 31, 2026. A copy of the press release is attached to this Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

The information furnished under Items 2.02 and Item 9.01 of this Report on Form 8-K, including Exhibits 99.1 and 99.2 to this Report on Form 8-K, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities under the Section, nor shall it be deemed incorporated by reference in any registration statement or other filings of the Company under the Securities Act of 1933, as amended, except as shall be set forth by specific reference in such filing.

**Item 8.01 Other Events**

On April 23, 2026, the Company's Board of Directors declared a dividend of $0.67 per share, payable on May 15, 2026, to common shareholders of record on May 8, 2026. A copy of the press release is attached to this Report on Form 8-K as Exhibit 99.2.

**&nbsp;&nbsp;&nbsp;&nbsp;**

**Item 9.01 Financial Statements and Exhibits**

(a) Not applicable.

(b) Not applicable.

(c) Not applicable.

(d) Exhibits.

**<u>EXHIBIT INDEX</u>**

**<u>Exhibit No.</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Description</u>**

**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[99.1](q12026pressrelease.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Press Release of Tompkins Financial Corporation dated April 24, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[99.2](q2div2026pressrelease.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Press Release of Tompkins Financial Corporation dated April 24, 2026

104&nbsp;&nbsp;&nbsp;&nbsp;Cover Page Interactive Data File (embedded within the Inline XBRL document)

**<u>SIGNATURE</u>**

&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOMPKINS FINANCIAL CORPORATION**

Date: April 24, 2026&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>/s/ Stephen S. Romaine&nbsp;&nbsp;&nbsp;&nbsp;</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stephen S. Romaine

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President and CEO

## Exhibit 99.1

![image1.jpg](image1.jpg)

**For more information contact:**

Stephen S. Romaine, President & CEO

Matthew Tomazin, Executive VP & CFO

Tompkins Financial Corporation (888) 503-5753

**For Immediate Release**

Friday, April 24, 2026

**Tompkins Financial Corporation Reports Record First Quarter Financial Results**

**ITHACA, NY - Tompkins Financial Corporation (NYSE American: TMP)**

Tompkins Financial Corporation ("Tompkins" or the "Company") reported diluted earnings per share of $1.82 for the first quarter of 2026, up $0.45 or 32.8% compared to the first quarter of 2025 and down $4.88 per share or 72.8% compared to the fourth quarter of 2025. Net income for the first quarter of 2026 was $26.1 million, up $6.4 million or 32.5% from the first quarter of 2025 and down $70.2 million or 72.9% compared to the immediate prior quarter. As previously reported, net income for the fourth quarter of 2025 included income related to the sale of Tompkins Insurance Agencies, Inc. ("TIA"), partially offset by the loss on the sale of available-for-sale debt securities. Excluding these items, the Company had operating diluted earnings per share (non-GAAP) of $1.78, and operating net income (non-GAAP) of $25.6 million for the fourth quarter of 2025. Reconciliations of adjusted earnings per share to diluted earnings per share and adjusted net income to net income can be found on page 12 of this press release.

Tompkins President and CEO, Stephen Romaine, commented, "We are pleased to report record first quarter 2026 earnings, building on the record results achieved in the fourth quarter of 2025. Our healthy levels of loan and deposit growth and our expanding net interest margin continued to support improving profitability in the first quarter. Our balance sheet remains flexible with strong capital and liquidity. The momentum in our earnings and the strength of our balance sheet position us well as we look forward to our future."

SELECTED HIGHLIGHTS FOR THE PERIOD:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net interest margin improved to 3.57% in the first quarter of 2026, up 15 basis points from the immediate prior quarter, and up 59 basis points from the first quarter of 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total loans at March 31, 2026 were up $31.7 million, or 0.5% compared to December 31, 2025 (1.97% on an annualized basis), and up $411.3 million, or 6.8%, from March 31, 2025.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total deposits at March 31, 2026 were $7.1 billion, up $116.4 million, or 1.7% compared to the most recent prior quarter end, and up $300.7 million, or 4.5%, from March 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total average cost of funds of 1.67% for the first quarter of 2026 was down 4 basis points compared to the most recent prior quarter, and down 17 basis points compared to the same period of the prior year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Loan to deposit ratio at March 31, 2026 was 91.8%, compared to 92.9% at December 31, 2025, and 89.8% at March 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Regulatory Tier 1 capital to average assets was 10.58% at March 31, 2026, down compared to 10.62% at December 31, 2025, and up from 9.31% at March 31, 2025.

NET INTEREST INCOME

Net interest income was $71.9 million for the first quarter of 2026, up $2.8 million or 4.1% compared to the fourth quarter of 2025, and up $15.2 million or 26.8% compared to the first quarter of 2025. The increase in net interest income compared to both periods was due to improvement in net interest margin, which is discussed below, and growth in average loans.

Net interest margin was 3.57% for the first quarter of 2026, compared to 3.42% reported for the fourth quarter of 2025, and 2.98% reported for the first quarter of 2025. The increase in net interest margin reflects growth in average loan balances, improved yields on average earning assets, and lower funding costs. Average yield on securities for the first quarter of 2026 was up 51 basis points over the fourth quarter of 2025 and up 113 basis points over the first quarter of 2025, mainly a result of the previously reported reinvestment within the portfolio at higher yields during the fourth quarter of 2025.

Average loans for the quarter ended March 31, 2026 were up $98.3 million, or 1.6% (2.0% annualized), over the most recent prior quarter, and were up $409.5 million, or 6.8%, compared to the same prior year period. The increase in average loans over both prior periods was mainly in the commercial real estate and commercial and industrial portfolios. The average yield on interest-earning assets for the quarter ended March 31, 2026 was 5.09%, an increase of 11 basis points from 4.98% for the quarter ended December 31, 2025, and up 40 basis points from 4.69% for the quarter ended March 31, 2025.

Average total deposits of $7.0 billion for the first quarter of 2026, were in line with the most recent prior quarter, and up $344.4 million, or 5.2%, compared to the first quarter of 2025. The cost of interest-bearing deposits of 2.06% for the first quarter of 2026 was down 12 basis points compared to the most recent prior quarter, and down 17 basis points from the first quarter of 2025. The ratio of average noninterest bearing deposits to average total deposits for the first quarter of 2026 was 26.6% compared to 27.4% for the fourth quarter of 2025, and 26.9% for the first quarter of 2025. The average cost of interest-bearing liabilities for the first quarter of 2026 was 2.21%, down 9 basis points when compared to the most recent prior quarter, and down 23 basis points from the same period in 2025.

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NONINTEREST INCOME

Noninterest income of $11.8 million for the first quarter of 2026 was down $13.2 million or 52.7% compared to the first quarter of 2025. The decrease in noninterest income is mainly a result of a decrease of $11.6 million in insurance revenue when compared to the first quarter of 2025, due to the sale of TIA in the fourth quarter of 2025. The first quarter of 2025 also included a $1.9 million gain on the sale of other real estate owned. For the first quarter of 2026, investment services income was up $147,000 or 2.9% over the same period in 2025, while service charges on deposit accounts and card services income were in line with prior year.

NONINTEREST EXPENSE

Noninterest expense was $47.7 million for the first quarter of 2026, down $2.9 million or 5.7% compared to the first quarter of 2025. The decrease in noninterest expense included a decrease in salaries and wages and other employee benefits of $3.3 million or 10.4%, mainly due to the departure of employees in connection with the sale of TIA in the fourth quarter of 2025. Partially offsetting the decrease in salaries and wages and other employee benefits were annual merit increases and increased other employee benefit costs. Also contributing to the year-over-year decrease in noninterest expense were net occupancy expenses, down $115,000 or 3.2%, and amortization expense, down $84,000 or 100.0%. The decrease in noninterest expense for the first quarter of 2026 compared to the same period in 2025 was mainly due to the sale of TIA. Expenses related to TIA in the first quarter of 2025 included salaries and wages and other employee benefits of $6.0 million, net occupancy expense of premises of $279,000, furniture and fixture expense of $305,000, and amortization of intangible assets of $81,000.

INCOME TAX EXPENSE

Provision for income tax expense was $8.4 million for an effective rate of 24.4% for the first quarter of 2026, compared to $43.5 million for an effective rate of 31.1% for the most recent prior quarter, and $6.1 million for an effective rate of 23.7% for the first quarter of 2025. The effective tax rate in the fourth quarter of 2025 was impacted by the sale of TIA which resulted in a significant increase to pre-tax income and an adjustment for goodwill with no tax-basis.

ASSET QUALITY

The allowance for credit losses was 0.90% of total loans and leases at March 31, 2026, up from 0.89% at December 31, 2025, and down from 1.01% at March 31, 2025. The increase in the allowance for credit losses coverage ratio compared to year-end 2025 was mainly due to updated economic forecasts for unemployment for the quarter, as well as higher reserves for individually analyzed loans; while the decrease from March 31, 2025 was mainly due to lower reserves on individually analyzed loans. The ratio of the allowance to total nonperforming loans and leases was 113.06% at March 31, 2026, compared to 120.30% at December 31, 2025, and 85.85% at March 31, 2025.

Provision for credit losses for the first quarter of 2025 was $1.5 million compared to $977,000 for the fourth quarter of 2025, and $5.3 million for the first quarter of 2025. The provision expense in the first quarter of 2025 included $4.2 million for a specific reserve on an individually analyzed nonaccrual commercial real estate

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relationship. Net charge-offs for the three months ended March 31, 2026 were $775,000, compared to $3.3 million for the fourth quarter of 2025, and $733,000 for the first quarter of 2025. The fourth quarter of 2025 included a $2.4 million charge-off on one commercial real estate relationship totaling $7.4 million.

Nonperforming assets of $51.7 million represented 0.59% of total assets at March 31, 2026, up from $48.2 million or 0.56% of total assets at December 31, 2025, and down from $71.2 million or 0.87% of total assets at March 31, 2025. Loans past due 30-89 days totaled $5.9 million at March 31, 2026, $8.8 million at December 31, 2025, and $12.3 million at March 31, 2025.

Special Mention and Substandard loans and leases totaled $120.4 million at March 31, 2026, compared to $134.5 million reported at December 31, 2025, and $110.8 million reported at March 31, 2025.

CAPITAL POSITION

Capital ratios at March 31, 2026 remained well above the regulatory minimums for well-capitalized institutions. The ratio of total capital to risk-weighted assets was 14.78% at March 31, 2026, compared to 14.56% at December 31, 2025, and 13.28% at March 31, 2025. The ratio of Tier 1 capital to average assets was 10.58% at March 31, 2026, compared to 10.62% at December 31, 2025, and 9.31% at March 31, 2025.

During the first quarter of 2026, the Company repurchased 23,731 shares of common stock at an aggregate cost of $1.8 million. These shares were purchased under the Company's 2025 Stock Repurchase Plan.

LIQUIDITY POSITION

The Company's liquidity position at March 31, 2026 was consistent with its position at December 31, 2025. Liquidity is enhanced by ready access to national and regional wholesale funding sources including Federal funds purchased, repurchase agreements, brokered deposits, Federal Reserve Bank's Discount Window advances and Federal Home Loan Bank (FHLB) advances. The Company maintained ready access to liquidity of $1.6 billion, or 18.9% of total assets, at March 31, 2026.

ABOUT TOMPKINS FINANCIAL CORPORATION

Tompkins Financial Corporation is a banking and financial services company serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. Headquartered in Ithaca, NY, Tompkins Financial is parent to Tompkins Community Bank, which offers a full array of financial products and services, including commercial and consumer banking. Tompkins Community Bank provides wealth management services, including investment management, trust and estate, financial and tax planning services, under the Tompkins Financial Advisors brand. For more information on Tompkins Financial, visit www.tompkinsfinancial.com.

**"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:**

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The statements contained in this press release that are not statements of historical fact may

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include forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements may be identified by use of such words as "may", "could", "should", "will", "would", "estimate", "intend", "continue", "believe", "expect", "plan", "commit", or "anticipate", as well as the negative and other variations of these terms and other similar words. Examples of forward-looking statements may include statements regarding capital expectations, growth, and the sufficiency of collateral to cover exposure related to special mention and substandard loans. Forward-looking statements are made based on management's expectations and beliefs concerning future events impacting the Company and are subject to uncertainties and factors relating to the Company's operations and economic environment, all of which are difficult to predict and many of which are beyond the control of the Company, that could cause actual results of the Company to differ materially from those expressed and/or implied by forward-looking statements and historical performance. The following factors, in addition to those listed as Risk Factors in Item 1A in our Annual Report on Form 10-K as filed with the Securities and Exchange Commission, are among those that could cause actual results to differ materially from the forward-looking statements and historical performance: changes in general economic, market and regulatory conditions; our ability to attract and retain deposits and other sources of liquidity; gross domestic product growth and inflation trends; the impact of the interest rate and inflationary environment on the Company's business, financial condition and results of operations; other income or cash flow anticipated from the Company's operations, investment and/or lending activities; changes in laws and regulations affecting public companies, banks, bank holding companies and/or financial holding companies, including the Dodd-Frank Act, and other federal, state and local government mandates; the impact of any change in the FDIC insurance assessment rate or the rules and regulations related to the calculation of the FDIC insurance assessment amount; changing supervisory and regulatory scrutiny of financial institutions; technological developments and changes; cybersecurity incidents and threats; the ability to continue to introduce competitive new products and services on a timely, cost-effective basis; governmental and public policy changes, including environmental regulation; reliance on large customers; the geographic concentration of our business; the ability to access financial resources in the amounts, at the times, and on the terms required to support the Company's future businesses; and the economic impact, including market volatility, of national and global events, including the response to bank failures, war and geopolitical matters (including continuing or increasing hostilities in the Middle East and the war in Ukraine), tariffs and trade wars, widespread protests, civil unrest, political uncertainty, and pandemics or other public health crises, and the related financial stress on borrowers and changes to customer behavior and credit risk resulting from any of the foregoing. The Company does not undertake any obligation to update its forward-looking statements.

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| | | |
|:---|:---|:---|
| **TOMPKINS FINANCIAL CORPORATION** | **TOMPKINS FINANCIAL CORPORATION** | **TOMPKINS FINANCIAL CORPORATION** |
| **CONSOLIDATED STATEMENTS OF CONDITION** | **CONSOLIDATED STATEMENTS OF CONDITION** | **CONSOLIDATED STATEMENTS OF CONDITION** |
| *(In thousands, except share and per share data)* | **As of** | **As of** |
| **ASSETS** | **03/31/2026** | **12/31/2025** |
|  |  | **(Audited)** |
| Cash and noninterest bearing balances due from banks | $68665 | $50717 |
| Interest bearing balances due from banks | 102784 | 82100 |
| **Cash and Cash Equivalents** | **171449** | **132817** |
| Available-for-sale debt securities, at fair value (amortized cost of $1,407,770 at March 31, 2026 and $1,391,379 at December 31, 2025) | 1388910 | 1382068 |
| Held-to-maturity debt securities, at amortized cost (fair value of $282,589 at March 31, 2026 and $283,860 at December 31, 2025) | 312545 | 312528 |
| Equity securities, at fair value | 795 | 800 |
| Loans held for sale | 54 | 43440 |
| Total loans and leases, net of unearned income and deferred costs and fees | 6477943 | 6446245 |
| Less: Allowance for credit losses | 58108 | 57671 |
| **Net Loans and Leases** | **6419835** | **6388574** |
| Federal Home Loan Bank and other stock | 27189 | 32307 |
| Bank premises and equipment, net | 71000 | 72418 |
| Corporate owned life insurance | 78490 | 77843 |
| Goodwill | 72736 | 72736 |
| Accrued interest and other assets | 152758 | 152737 |
| **Total Assets** | $**8695761** | $**8668268** |
| **LIABILITIES** |  |  |
| Deposits: |  |  |
| Interest bearing: |  |  |
| &nbsp;&nbsp;Checking, savings and money market | 3889995 | 3742402 |
| &nbsp;&nbsp;Time | 1292391 | 1298393 |
| Noninterest bearing | 1871786 | 1896967 |
| **Total Deposits** | **7054172** | **6937762** |
| Federal funds purchased and securities sold under agreements to repurchase | 118133 | 95569 |
| Other borrowings | 449446 | 564446 |
| Other liabilities | 127269 | 132114 |
| **Total Liabilities** | $**7749020** | $**7729891** |
| **EQUITY** |  |  |
| Tompkins Financial Corporation shareholders' equity: |  |  |
| Common Stock - par value $0.10 per share: Authorized 25,000,000 shares; Issued: 14,420,973 at March 31, 2026; and 14,449,845 at December 31, 2025 | 1443 | 1446 |
| Additional paid-in capital | 297181 | 299206 |
| Retained earnings | 678575 | 662161 |
| Accumulated other comprehensive loss | (26098) | (19054) |
| Treasury stock, at cost – 88,982 shares at March 31, 2026, and 104,492 shares at December 31, 2025 | (4360) | (5382) |
| **Total Equity** | $**946741** | $**938377** |
| **Total Liabilities and Equity** | $**8695761** | $**8668268** |

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| | | | |
|:---|:---|:---|:---|
| TOMPKINS FINANCIAL CORPORATION | TOMPKINS FINANCIAL CORPORATION | TOMPKINS FINANCIAL CORPORATION | TOMPKINS FINANCIAL CORPORATION |
| CONSOLIDATED STATEMENTS OF INCOME | CONSOLIDATED STATEMENTS OF INCOME | CONSOLIDATED STATEMENTS OF INCOME | CONSOLIDATED STATEMENTS OF INCOME |
| *(In thousands, except per share data) (Unaudited)* | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **03/31/2026** | **12/31/2025** | **03/31/2025** |
| INTEREST AND DIVIDEND INCOME |  |  |  |
| Loans | $87123 | $87372 | $78630 |
| Due from banks | 166 | 211 | 175 |
| Available-for-sale debt securities | 13702 | 11509 | 8729 |
| Held-to-maturity debt securities | 1218 | 1225 | 1217 |
| Federal Home Loan Bank and other stock | 460 | 593 | 711 |
| Total Interest and Dividend Income | **102669** | $**100910** | $**89462** |
| INTEREST EXPENSE |  |  |  |
| Time certificates of deposits of $250,000 or more | 4478 | 4527 | 4507 |
| Other deposits | 21531 | 23318 | 22143 |
| Federal funds purchased and securities sold under agreements to repurchase | 18 | 21 | 41 |
| Other borrowings | 4781 | 3983 | 6109 |
| Total Interest Expense | **30808** | **31849** | **32800** |
| Net Interest Income | **71861** | **69061** | **56662** |
| Less: Provision for credit loss expense | 1502 | 977 | 5287 |
| **Net Interest Income After Provision for Credit Loss Expense** | **70359** | **68084** | **51375** |
| NONINTEREST INCOME |  |  |  |
| Insurance commissions and fees | 0 | 3079 | 11599 |
| Wealth management fees | 5266 | 5053 | 5119 |
| Service charges on deposit accounts | 1795 | 1819 | 1805 |
| Card services income | 2642 | 2835 | 2626 |
| Gain on sale of TIA | 0 | 188241 | 0 |
| Other income | 2136 | 3451 | 3869 |
| Net gain (loss) on securities transactions | (5) | (78715) | 14 |
| Total Noninterest Income | **11834** | **125763** | **25032** |
| NONINTEREST EXPENSE |  |  |  |
| Salaries and wages | 21948 | 29630 | 24977 |
| Other employee benefits | 6807 | 6642 | 7100 |
| Net occupancy expense of premises | 3455 | 3102 | 3570 |
| Furniture and fixture expense | 2027 | 1795 | 1787 |
| Other operating expense | 13489 | 12966 | 13173 |
| Total Noninterest Expenses | **47726** | **54135** | **50607** |
| **Income Before Income Tax Expense** | **34467** | **139712** | **25800** |
| **Income Tax Expense** | 8393 | 43464 | 6121 |
| **Net Income Attributable to Tompkins Financial Corporation** | $**26074** | **96248** | **19679** |
| Basic Earnings Per Share | $**1.83** | $**6.74** | $**1.38** |
| Diluted Earnings Per Share | $**1.82** | $**6.70** | $**1.37** |

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Average Consolidated Statements of Condition and Net Interest Analysis (Unaudited)** | **Average Consolidated Statements of Condition and Net Interest Analysis (Unaudited)** | **Average Consolidated Statements of Condition and Net Interest Analysis (Unaudited)** | **Average Consolidated Statements of Condition and Net Interest Analysis (Unaudited)** | **Average Consolidated Statements of Condition and Net Interest Analysis (Unaudited)** | **Average Consolidated Statements of Condition and Net Interest Analysis (Unaudited)** | **Average Consolidated Statements of Condition and Net Interest Analysis (Unaudited)** | | | |
| | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
| | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **March 31, 2025** | **March 31, 2025** | **March 31, 2025** |
| *(dollar amounts in thousands)* | Average <br>Balance <br>(QTD) | Interest | Average <br>Yield/Rate | Average <br>Balance <br>(QTD) | Interest | Average <br>Yield/Rate | Average <br>Balance <br>(QTD) | Interest | Average <br>Yield/Rate |
| **ASSETS** |  |  |  |  |  |  |  |  |  |
| Interest-earning assets |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest-bearing balances due from banks | $13394 | $166 | 5.03% | $17795 | $211 | 4.70% | $16424 | $175 | 4.32% |
| &nbsp;&nbsp;Securities<sup>1</sup> |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Government securities | 1636770 | 14435 | 3.58% | 1595043 | 12244 | 3.04% | 1598785 | 9441 | 2.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State and municipal<sup>2</sup> | 81218 | 536 | 2.68% | 81613 | 537 | 2.61% | 85893 | 554 | 2.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Securities<sup>2</sup> | 3305 | 49 | 6.01% | 3298 | 52 | 6.25% | 3275 | 53 | 6.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total securities | 1721293 | 15020 | 3.54% | 1679954 | 12833 | 3.03% | 1687953 | 10048 | 2.41% |
| &nbsp;&nbsp;&nbsp;FHLBNY and FRB stock | 29016 | 460 | 6.43% | 24113 | 593 | 9.76% | 31983 | 711 | 9.01% |
| &nbsp;&nbsp;Total loans and leases, net of unearned income<sup>2,3</sup> | 6434853 | 87337 | 5.50% | 6336565 | 87612 | 5.48% | 6025363 | 78835 | 5.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total interest-earning assets** | **8198556** | **102983** | **5.09%** | **8058427** | **101249** | **4.98%** | **7761723** | **89769** | **4.69%** |
| Other assets | 382767 |  |  | 313860 |  |  | 294855 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | $**8581323** |  |  | $**8372287** |  |  | $**8056578** |  |  |
| **LIABILITIES & EQUITY** |  |  |  |  |  |  |  |  |  |
| Deposits |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest bearing checking, savings, & money market | $3823812 | $15589 | 1.65% | $3779290 | $16695 | 1.75% | $3682318 | $16093 | 1.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Time deposits | 1285701 | 10420 | 3.29% | 1282009 | 11150 | 3.45% | 1159039 | 10557 | 3.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 5109513 | 26009 | 2.06% | 5061299 | 27845 | 2.18% | 4841357 | 26650 | 2.23% |
| Federal funds purchased & securities sold under agreements to repurchase | 42788 | 18 | 0.17% | 42221 | 21 | 0.20% | 47653 | 41 | 0.35% |
| Other borrowings | 491310 | 4781 | 3.95% | 380920 | 3983 | 4.15% | 561983 | 6109 | 4.41% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total interest-bearing liabilities** | **5643611** | **30808** | **2.21%** | **5484440** | **31849** | **2.30%** | **5450993** | **32800** | **2.44%** |
| Noninterest bearing deposits | 1855440 |  |  | 1911583 |  |  | 1779197 |  |  |
| Accrued expenses and other liabilities | 130879 |  |  | 100606 |  |  | 98278 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities** | 7629930 |  |  | 7496629 |  |  | 7328468 |  |  |
| Tompkins Financial Corporation Shareholders' equity | 951393 |  |  | 875658 |  |  | 728110 |  |  |
| Noncontrolling interest | 0 |  |  | 0 |  |  | 0 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total equity** | **951393** |  |  | **875658** |  |  | **728110** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities and equity** | $**8581323** |  |  | $**8372287** |  |  | $**8056578** |  |  |
| Interest rate spread |  |  | **2.88%** |  |  | **2.68%** |  |  | **2.25%** |
| &nbsp;&nbsp;&nbsp;Tax-equivalent net interest income/margin on earning assets |  | **72175** | **3.57%** |  | **69400** | **3.42%** |  | **56969** | **2.98%** |
| Tax-equivalent adjustment |  | **(314)** |  |  | **(339)** |  |  | **(307)** |  |
| &nbsp;&nbsp;&nbsp;Net interest income |  | $**71861** |  |  | $**69061** |  |  | $**56662** |  |

---

------

**Tompkins Financial Corporation - Summary Financial Data (Unaudited)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *(In thousands, except per share data)* |  |  |  |  |  |  |
|  | **Quarter-Ended** | **Quarter-Ended** | **Quarter-Ended** | **Quarter-Ended** | **Quarter-Ended** | **Year-Ended** |
| **Period End Balance Sheet** | Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-25 |
| Securities | $1702250 | $1695396 | $1604357 | $1588647 | $1572602 | $1695396 |
| Total Loans | 6477943 | 6446245 | 6288071 | 6172654 | 6066645 | 6446245 |
| Allowance for credit losses | 58108 | 57671 | 59889 | 58555 | 61023 | 57671 |
| Total assets | 8695761 | 8668268 | 8468731 | 8373818 | 8199653 | 8668268 |
| Total deposits | 7054172 | 6937762 | 7053070 | 6715795 | 6753502 | 6937762 |
| Brokered deposits | 109712 | 114391 | 145223 | 138787 | 99763 | 114391 |
| Federal funds purchased and securities sold under agreements to repurchase | 118133 | 95569 | 80804 | 127111 | 122985 | 95569 |
| Other borrowings | 449446 | 564446 | 444866 | 672696 | 493247 | 564446 |
| Total equity | 946741 | 938377 | 788805 | 761793 | 741377 | 938377 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Average Balance Sheet** | | | | | | |
| Average earning assets | $8198556 | $8058427 | $7967674 | $7875490 | $7761723 | $7916783 |
| Average assets | 8581323 | 8372287 | 8297448 | 8168595 | 8056578 | 8224794 |
| Average interest-bearing liabilities | 5643611 | 5484440 | 5530563 | 5503624 | 5450993 | 5492601 |
| Average equity | 951393 | 875658 | 771527 | 749975 | 728110 | 781695 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Share data** | | | | | | |
| Weighted average shares outstanding (basic) | 14250969 | 14270206 | 14248533 | 14246395 | 14246140 | 14252810 |
| Weighted average shares outstanding (diluted) | 14347514 | 14356680 | 14345219 | 14320125 | 14319440 | 14335358 |
| Period-end shares outstanding | 14392337 | 14420495 | 14431300 | 14430985 | 14433873 | 14420495 |
| Common equity book value per share | $65.78 | $65.07 | $54.66 | $52.79 | $51.36 | $65.07 |
| Tangible book value per share (Non-GAAP)\*\* | $60.73 | $60.03 | $48.19 | $46.31 | $44.88 | $60.03 |
| *\*\*See "Non-GAAP measures" below for a discussion of non-GAAP financial measures and a reconciliation of non-GAAP financial measures to the most directly comparable financial measures presented in accordance with GAAP.* | *\*\*See "Non-GAAP measures" below for a discussion of non-GAAP financial measures and a reconciliation of non-GAAP financial measures to the most directly comparable financial measures presented in accordance with GAAP.* | *\*\*See "Non-GAAP measures" below for a discussion of non-GAAP financial measures and a reconciliation of non-GAAP financial measures to the most directly comparable financial measures presented in accordance with GAAP.* | *\*\*See "Non-GAAP measures" below for a discussion of non-GAAP financial measures and a reconciliation of non-GAAP financial measures to the most directly comparable financial measures presented in accordance with GAAP.* | *\*\*See "Non-GAAP measures" below for a discussion of non-GAAP financial measures and a reconciliation of non-GAAP financial measures to the most directly comparable financial measures presented in accordance with GAAP.* | *\*\*See "Non-GAAP measures" below for a discussion of non-GAAP financial measures and a reconciliation of non-GAAP financial measures to the most directly comparable financial measures presented in accordance with GAAP.* | *\*\*See "Non-GAAP measures" below for a discussion of non-GAAP financial measures and a reconciliation of non-GAAP financial measures to the most directly comparable financial measures presented in accordance with GAAP.* |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Income Statement** | | | | | | |
| Net interest income | $71861 | $69061 | $63878 | $60130 | $56662 | $249731 |
| Provision for credit loss expense | 1502 | 977 | 2490 | 2780 | 5287 | 11534 |
| Noninterest income | 11834 | 125763 | 23564 | 22512 | 25032 | 196871 |
| Noninterest expense | 47726 | 54135 | 53847 | 51623 | 50607 | 210212 |
| Income tax expense | 8393 | 43464 | 7432 | 6768 | 6121 | 63785 |
| Net income attributable to Tompkins Financial Corporation | 26074 | 96248 | 23673 | 21471 | 19679 | 161071 |
| Basic earnings per share<sup>4</sup> | 1.83 | 6.74 | 1.66 | 1.51 | 1.38 | 11.30 |
| Diluted earnings per share<sup>4</sup> | 1.82 | 6.70 | 1.65 | 1.50 | 1.37 | 11.24 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Nonperforming Assets** | | | | | | |
| Nonaccrual loans and leases | $51271 | $47794 | $52805 | $52325 | $70891 | $47794 |
| Loans and leases 90 days past due and accruing | 124 | 146 | 166 | 166 | 187 | 146 |
| Total nonperforming loans and leases | 51395 | 47940 | 52971 | 52491 | 71078 | 47940 |
| OREO | 269 | 229 | 0 | 81 | 81 | 229 |
| Total nonperforming assets | $51664 | $48169 | $52971 | $52572 | $71159 | $48169 |

---

------

**Tompkins Financial Corporation - Summary Financial Data (Unaudited) - continued**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter-Ended** | **Quarter-Ended** | **Quarter-Ended** | **Quarter-Ended** | **Quarter-Ended** | **Year-Ended** |
| **Delinquency - Total loan and lease portfolio** | Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-25 |
| Loans and leases 30-89 days past due and |  |  |  |  |  |  |
| accruing | $5874 | $8806 | $7841 | $5857 | $12285 | $8806 |
| Loans and leases 90 days past due and accruing | 124 | 146 | 166 | 166 | 187 | 146 |
| Total loans and leases past due and accruing | 5998 | 8952 | 8007 | 6023 | 12472 | 8952 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Allowance for Credit Losses** | **Allowance for Credit Losses** | **Allowance for Credit Losses** | **Allowance for Credit Losses** | **Allowance for Credit Losses** | **Allowance for Credit Losses** | **Allowance for Credit Losses** |
| Balance at beginning of period | $57671 | $59889 | $58555 | $61023 | $56496 | $56496 |
| Provision for credit losses | 1212 | 1064 | 2454 | 2786 | 5260 | $11564 |
| Net loan and lease charge-offs (recoveries) | 775 | 3282 | 1120 | 5254 | 733 | $10389 |
| Allowance for credit losses at end of period | $58108 | $57671 | $59889 | $58555 | $61023 | $57671 |
| **Allowance for Credit Losses - Off-Balance Sheet Exposure** | **Allowance for Credit Losses - Off-Balance Sheet Exposure** | **Allowance for Credit Losses - Off-Balance Sheet Exposure** | **Allowance for Credit Losses - Off-Balance Sheet Exposure** | **Allowance for Credit Losses - Off-Balance Sheet Exposure** | **Allowance for Credit Losses - Off-Balance Sheet Exposure** | **Allowance for Credit Losses - Off-Balance Sheet Exposure** |
| Balance at beginning of period | $1433 | $1520 | $1484 | $1490 | $1463 | $1463 |
| Provision (credit) for credit losses | 290 | (87) | 36 | (6) | 27 | $(30) |
| Allowance for credit losses at end of period | $1723 | $1433 | $1520 | $1484 | $1490 | $1433 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Loan Classification - Total Portfolio** | | | | | | |
| Special Mention | $66104 | $100717 | $88398 | $40048 | $34790 | $100717 |
| Substandard | 54331 | 33764 | 55762 | 56740 | 75980 | 33764 |

---

**Ratio Analysis**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Credit Quality** | | | | | | |
| Nonperforming loans and leases/total loans and leases | 0.79% | 0.74% | 0.84% | 0.85% | 1.17% | 0.74% |
| Nonperforming assets/total assets | 0.59% | 0.56% | 0.63% | 0.63% | 0.87% | 0.56% |
| Allowance for credit losses/total loans and leases | 0.90% | 0.89% | 0.95% | 0.95% | 1.01% | 0.89% |
| Allowance/nonperforming loans and leases | 113.06% | 120.30% | 113.06% | 111.55% | 85.85% | 120.30% |
| Net loan and lease losses (recoveries) annualized/total average loans and leases | 0.05% | 0.21% | 0.07% | 0.34% | 0.05% | 0.17% |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Capital Adequacy** | | | | | | |
| Tier 1 Capital (to average assets) | 10.58% | 10.62% | 9.41% | 9.36% | 9.31% | 10.62% |
| Total Capital (to risk-weighted assets) | 14.78% | 14.56% | 13.27% | 13.15% | 13.28% | 14.56% |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Profitability (period-end)** | | | | | | |
| Return on average assets \* | 1.23% | 4.56% | 1.13% | 1.05% | 0.99% | 1.96% |
| Return on average equity \* | 11.11% | 43.61% | 12.17% | 11.48% | 10.96% | 20.61% |
| Net interest margin (TE) \* | 3.57% | 3.42% | 3.20% | 3.08% | 2.98% | 3.17% |
| Average yield on interest-earning assets\* | 5.09% | 4.98% | 4.90% | 4.79% | 4.69% | 4.84% |
| Average cost of deposits\* | 1.51% | 1.58% | 1.64% | 1.64% | 1.63% | 1.62% |
| Average cost of funds\* | 1.67% | 1.71% | 1.83% | 1.84% | 1.84% | 1.80% |
| *\* Quarterly ratios have been annualized* | *\* Quarterly ratios have been annualized* | *\* Quarterly ratios have been annualized* | *\* Quarterly ratios have been annualized* | *\* Quarterly ratios have been annualized* | *\* Quarterly ratios have been annualized* | *\* Quarterly ratios have been annualized* |

---

------

**Tompkins Financial Corporation - Summary Financial Data (Unaudited) - continued**

**Non-GAAP Measures**

This press release contains financial information determined by methods other than in accordance with U.S. generally accepted accounting principles (GAAP). Where non-GAAP disclosures are used in this press release, the comparable GAAP measure, as well as reconciliation to the comparable GAAP measure, is provided in the below tables. The Company believes the non-GAAP measures provide meaningful comparisons of our underlying operational performance and facilitate management's and investors' assessments of business and performance trends in comparison to others in the financial services industry. These non-GAAP financial measures should not be considered in isolation or as a measure of the Company's profitability or liquidity; they are in addition to, and are not a substitute for, financial measures under GAAP. The non-GAAP financial measures presented herein may be different from non-GAAP financial measures used by other companies, and may not be comparable to similarly titled measures reported by other companies. Further, the Company may utilize other measures to illustrate performance in the future. Non-GAAP financial measures have limitations since they do not reflect all of the amounts associated with the Company's results of operations as determined in accordance with GAAP.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Reconciliation of Tangible Book Value Per Share (non-GAAP) to Common Equity Book Value Per Share (GAAP)** | **Reconciliation of Tangible Book Value Per Share (non-GAAP) to Common Equity Book Value Per Share (GAAP)** | **Reconciliation of Tangible Book Value Per Share (non-GAAP) to Common Equity Book Value Per Share (GAAP)** | **Reconciliation of Tangible Book Value Per Share (non-GAAP) to Common Equity Book Value Per Share (GAAP)** | **Reconciliation of Tangible Book Value Per Share (non-GAAP) to Common Equity Book Value Per Share (GAAP)** | **Reconciliation of Tangible Book Value Per Share (non-GAAP) to Common Equity Book Value Per Share (GAAP)** | **Reconciliation of Tangible Book Value Per Share (non-GAAP) to Common Equity Book Value Per Share (GAAP)** |
| | **Quarter-Ended** | **Quarter-Ended** | **Quarter-Ended** | **Quarter-Ended** | **Quarter-Ended** | **Year-Ended** |
|  | Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-25 |
| Common equity book value per share (GAAP) | $65.78 | $65.07 | $54.66 | $52.79 | $51.36 | $65.07 |
| Total common equity | $946741 | $938377 | $788805 | $761793 | $741377 | $938377 |
| Less: Goodwill and intangibles\* | 72766 | 72766 | 93405 | 93503 | 93586 | 72766 |
| Tangible common equity (Non-GAAP) | 873975 | 865611 | 695400 | 668290 | 647791 | 865611 |
| Ending shares outstanding | 14392337 | 14420495 | 14431300 | 14430985 | 14433873 | 14420495 |
| Tangible book value per share (Non-GAAP) | $60.73 | $60.03 | $48.19 | $46.31 | $44.88 | $60.03 |
| *\*The decline in goodwill for the fourth quarter and full year 2025 over the prior periods shown in the table reflects the sale of TIA.* | *\*The decline in goodwill for the fourth quarter and full year 2025 over the prior periods shown in the table reflects the sale of TIA.* | *\*The decline in goodwill for the fourth quarter and full year 2025 over the prior periods shown in the table reflects the sale of TIA.* | *\*The decline in goodwill for the fourth quarter and full year 2025 over the prior periods shown in the table reflects the sale of TIA.* | *\*The decline in goodwill for the fourth quarter and full year 2025 over the prior periods shown in the table reflects the sale of TIA.* | *\*The decline in goodwill for the fourth quarter and full year 2025 over the prior periods shown in the table reflects the sale of TIA.* | *\*The decline in goodwill for the fourth quarter and full year 2025 over the prior periods shown in the table reflects the sale of TIA.* |

---

------

---

| | | | |
|:---|:---|:---|:---|
| **Reconciliation of Operating or Adjusted Net Income Available to Common Shareholders/Operating or Adjusted Diluted Earnings Per Share (Non-GAAP) to Net Income Available to Common Shareholders/Diluted Earnings Per Share (GAAP); Operating or Adjusted Return on Average Assets, Operating or Adjusted Return on Average Equity and Adjusted Operating Return on Average Shareholders' Tangible Common Equity (Non-GAAP) to Return on Average Assets and Return on Average Equity (GAAP)** | **Reconciliation of Operating or Adjusted Net Income Available to Common Shareholders/Operating or Adjusted Diluted Earnings Per Share (Non-GAAP) to Net Income Available to Common Shareholders/Diluted Earnings Per Share (GAAP); Operating or Adjusted Return on Average Assets, Operating or Adjusted Return on Average Equity and Adjusted Operating Return on Average Shareholders' Tangible Common Equity (Non-GAAP) to Return on Average Assets and Return on Average Equity (GAAP)** | **Reconciliation of Operating or Adjusted Net Income Available to Common Shareholders/Operating or Adjusted Diluted Earnings Per Share (Non-GAAP) to Net Income Available to Common Shareholders/Diluted Earnings Per Share (GAAP); Operating or Adjusted Return on Average Assets, Operating or Adjusted Return on Average Equity and Adjusted Operating Return on Average Shareholders' Tangible Common Equity (Non-GAAP) to Return on Average Assets and Return on Average Equity (GAAP)** | **Reconciliation of Operating or Adjusted Net Income Available to Common Shareholders/Operating or Adjusted Diluted Earnings Per Share (Non-GAAP) to Net Income Available to Common Shareholders/Diluted Earnings Per Share (GAAP); Operating or Adjusted Return on Average Assets, Operating or Adjusted Return on Average Equity and Adjusted Operating Return on Average Shareholders' Tangible Common Equity (Non-GAAP) to Return on Average Assets and Return on Average Equity (GAAP)** |
| | **QTD** | **QTD** | **QTD** |
| *(In thousands, except per share data)* | **03/31/2026** | **12/31/2025** | **03/31/2025** |
| Net income available to common shareholders | $**26074** | $**96248** | $**19679** |
| Less: income attributable to unvested stock-based compensation awards | **0** | **0** | **0** |
| Net earnings allocated to common shareholders (GAAP) | **26074** | **96248** | **19679** |
| Diluted earnings per share (GAAP) | **1.82** | **6.70** | **1.37** |
| Adjustments for non-operating income and expense: |  |  |  |
| &nbsp;&nbsp;(Gain) loss on sale of investment securities | **0** | **78721** | **0** |
| &nbsp;&nbsp;(Gain) from sale of Tompkins Insurance Agencies, Inc. | **0** | **(183902)** | **0** |
| Total adjustments | **0** | **(105181)** | **0** |
| Tax expense | **0** | **(34509)** | **0** |
| Total adjustments, net of tax | **0** | **(70672)** | **0** |
| Operating or adjusted net income (Non-GAAP) | **26074** | **25576** | **19679** |
| Weighted average shares outstanding (basic) | **14250969** | **14270206** | **14246140** |
| Weighted average shares outstanding (diluted) | **14347514** | **14356680** | **14319440** |
| Operating or adjusted basic earnings per share (Non-GAAP) | **1.83** | **1.79** | **1.38** |
| Operating or adjusted diluted earnings per share (Non-GAAP) | **1.82** | **1.78** | **1.37** |
| Net income available to common shareholders | **26074** | **96248** | **19679** |
| Operating or adjusted net income (Non-GAAP) | **26074** | **25576** | **19679** |
| Average total assets | **8581323** | **8372287** | **8056578** |
| Return on average assets (GAAP) | **1.23%** | **4.56%** | **0.99%** |
| Operating or adjusted return on average assets (Non-GAAP) | **1.23%** | **1.21%** | **0.99%** |
| Net income available to common shareholders | **26074** | **96248** | **19679** |
| Operating or adjusted net income (Non-GAAP) | **26074** | **25576** | **19679** |
| Average total equity | **951393** | **875658** | **728110** |
| Return on average equity (GAAP) | **11.11%** | **43.61%** | **10.96%** |
| Operating or adjusted return on average equity (Non-GAAP) | **11.11%** | **11.59%** | **10.96%** |
| Operating or adjusted net income (Non-GAAP) | **26074** | **25576** | **19679** |
| Average Tompkins Financial Corporation shareholders' equity | **951393** | **875658** | **728110** |
| Amortization of intangibles | **0** | **27** | **0** |
| Tax expense | **0** | **6** | **0** |
| Amortization of intangibles, net of tax | **0** | **21** | **0** |
| Operating or adjusted net income (Non-GAAP) | **26074** | **25597** | **19679** |
| Average Tompkins Financial Corporation shareholders' equity | **951393** | **875658** | **728110** |
| Average goodwill and intangibles | **72766** | **79494** | **93637** |
| Average Tompkins Financial Corporation shareholders' tangible common equity (Non-GAAP) | $**878627** | $**796164** | $**634473** |
| Operating or adjusted return on average shareholders' tangible common equity (Non-GAAP) | **12.04%** | **12.76%** | **12.58%** |

---

<sup>1</sup> *Average balances and yields on available-for-sale securities are based on historical amortized cost.*

<sup>2</sup> *Interest income includes the tax effects of taxable-equivalent adjustments using an effective income tax rate of 21% in 2026 and 2025 to increase tax exempt interest income to taxable-equivalent basis.*

<sup>3</sup> *Nonaccrual loans are included in the average asset totals presented above. Payments received on nonaccrual loans have been recognized as disclosed in Note 1 of the Company's consolidated financial statements included in Part I of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025.* 

<sup>4</sup> *Earnings per share for the full fiscal year may not equal the sum of the quarterly earnings per share as a result of rounding of average shares.*

## Exhibit 99.2

![image.jpg](image.jpg)

**For more information contact:**

Stephen S. Romaine, President & CEO

Matthew Tomazin, Executive VP & CFO

Tompkins Financial Corporation (888) 503-5753

**For Immediate Release**

Friday, April 24, 2026

**Tompkins Financial Corporation Reports Cash Dividend**

**ITHACA, NY - Tompkins Financial Corporation (NYSE American: TMP)**

Tompkins Financial Corporation announced today that its Board of Directors approved payment of a regular quarterly cash dividend of $0.67 per share, payable on May 15, 2026, to common shareholders of record on May 8, 2026. The dividend amount represents an increase of $0.05 per share, or 7.5% over the dividend paid in the first quarter of 2025.

ABOUT TOMPKINS FINANCIAL CORPORATION

Tompkins Financial Corporation is a banking and financial services company serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. Headquartered in Ithaca, NY, Tompkins Financial is parent to Tompkins Community Bank, which offers a full array of financial products and services, including commercial and consumer banking. Tompkins Community Bank provides wealth management services, including investment management, trust and estate, financial and tax planning services, under the Tompkins Financial Advisors brand. For more information on Tompkins Financial, visit www.tompkinsfinancial.com.

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