# EDGAR Filing Document

**Accession Number:** 0001005817
**File Stem:** 0001005817-25-000038
**Filing Date:** 2025-10
**Character Count:** 52819
**Document Hash:** ca907acd4cc58e9c56f8f25813c9c58b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001005817-25-000038.hdr.sgml**: 20251024

**ACCESSION NUMBER**: 0001005817-25-000038

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20251023

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

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251024

**DATE AS OF CHANGE**: 20251024

**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:** 251414441

**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-20251023

**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>October 23, 2025</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.) |

---

118 E. Seneca Street, <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 October 24, 2025, Tompkins Financial Corporation, (the "Company") issued a press release announcing its earnings for the calendar quarter ended September 30, 2025. 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 October 23, 2025, the Company's Board of Directors declared a dividend of $0.65 per share, payable on November 14, 2025, to common shareholders of record on November 7, 2025. 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](q32025pressrelease.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Press Release of Tompkins Financial Corporation dated October 24, 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[99.2](q4div2025pressrelease.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Press Release of Tompkins Financial Corporation dated October 24, 2025

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: October 24, 2025&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

![image.jpg](image.jpg)

**For more information contact:**

Stephen S. Romaine, President & CEO

Matthew Tomazin, Executive VP, CFO & Treasurer

Tompkins Financial Corporation (888) 503-5753

**For Immediate Release**

Friday, October 24, 2025

**Tompkins Financial Corporation Reports Improved Third Quarter Financial Results**

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

Tompkins Financial Corporation ("Tompkins" or the "Company") reported diluted earnings per share of $1.65 for the third quarter of 2025, up 10.0% from the immediate prior quarter, and up 26.9% from the diluted earnings per share of $1.30 reported for the third quarter of 2024. Net income for the third quarter of 2025 was $23.7 million, up $2.2 million, or 10.3%, compared to the second quarter of 2025, and up $5.0 million, or 27.0%, when compared to the third quarter of 2024.

For the nine months ended September 30, 2025, diluted earnings per share were $4.52, up 25.9% from the $3.59 reported for the nine months ended September 30, 2024. Year-to-date net income was $64.8 million for the nine months ended September 30, 2025, up $13.6 million or 26.6% when compared to $51.2 million for the same nine month period in 2024.

Tompkins President and CEO, Stephen Romaine, commented, "Our third quarter financial results highlight the strength of our team and balance sheet. Net income was up 27.0% in the third quarter of 2025 as compared to the same quarter in the prior year. Our performance was driven by continued net interest margin expansion along with loan and deposit growth of 7%. Our improved earnings reflected the results of investments in our business, as expenses for the 2025 year-to-date period were up over 4% compared to the prior year period. We believe we remain well positioned to continue to support growth, build quality customer relationships and support our local communities."

SELECTED HIGHLIGHTS FOR THE PERIOD:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net interest margin improved to 3.20% in the third quarter of 2025, up 12 basis points from the immediate prior quarter, and up 41 basis points from the third quarter of 2024.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total loans at September 30, 2025 were up $115.4 million, or 1.9% compared to June 30, 2025 (7.5% on an annualized basis), and up $406.8 million, or 6.9%, from September 30, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total deposits at September 30, 2025 were $7.1 billion, up $337.3 million, or 5.0% compared to the most recent prior quarter end, and up $475.2 million, or 7.2%, from September 30, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total average cost of funds of 1.83% for the third quarter of 2025 was down 1 basis point compared to the most recent prior quarter, and down 18 basis points compared to the same period of the prior year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provision expense for the third quarter of 2025 was $2.5 million, compared to $2.8 million for the second quarter of 2025 and $2.2 million for the third quarter of 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Loan to deposit ratio at September 30, 2025 was 89.2%, compared to 91.9% at June 30, 2025, and 89.4% at September 30, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Regulatory Tier 1 capital to average assets was 9.41% at September 30, 2025, up compared to 9.36% at June 30, 2025, and 9.19% at September 30, 2024.

NET INTEREST INCOME

Net interest income was $63.9 million for the third quarter of 2025, up $3.7 million or 6.2% compared to the second quarter of 2025, and up $10.7 million or 20.1% compared to the third quarter of 2024. 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.

For the nine months ended September 30, 2025, net interest income was $180.7 million, up $25.8 million or 16.7% when compared to the same period in 2024.

Net interest margin was 3.20% for the third quarter of 2025, up 12 basis points when compared to the immediate prior quarter, and up 41 basis points from 2.79% for the third quarter of 2024. The increase in net interest margin, when compared to the most recent prior quarter, was mainly due to increased yields on average interest earning assets and higher average loan balances. The increase over the prior year third quarter was due to the same factors, as well as lower funding costs resulting from improved funding mix.

Average loans for the quarter ended September 30, 2025 were up $86.8 million, or 1.4%, from the most recent prior quarter, and were up $385.5 million, or 6.6%, 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 September 30, 2025 was 4.90%, an increase of 11 basis points from 4.79% for the quarter ended June 30, 2025, and up 24 basis points from 4.66% for the quarter ended September 30, 2024.

Average total deposits of $6.8 billion for the third quarter of 2025 were up $116.7 million, or 1.7%, compared to the second quarter of 2025, and up $481.8 million, or 7.6%, compared to the third quarter of 2024. The cost of interest-bearing deposits of 2.26% for the third quarter of 2025 was up 2 basis points compared to the most recent prior quarter, and down 9 basis points from 2.35% for the third quarter of 2024. The ratio of average noninterest bearing deposits to average total deposits for the third quarter of 2025 was 27.6% compared to

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27.0% for the second quarter of 2025, and 28.9% for the third quarter of 2024. The average cost of interest-bearing liabilities for the third quarter of 2025 was 2.45%, up 1 basis point when compared to the most recent prior quarter, and down 26 basis points from the same period in 2024.

NONINTEREST INCOME

Noninterest income of $23.6 million for the third quarter of 2025 was up $179,000 or 0.8% compared to the third quarter of 2024, mainly due to an increase in the gain on the sale of loans, which was up $202,000 or 52.2% compared to the same period in 2024. Year-to-date noninterest income of $71.1 million was up $3.8 million or 5.7% compared to the same period in 2024, mainly due to a $2.1 million, or 28.7% increase in other income, which included a $1.9 million gain on the sale of other real estate owned, and an increase in insurance commissions and fees of $1.9 million or 6.1%. The increase for the year-to-date period also included an increase in wealth management fees of $351,000 or 2.4%. These increases were partially offset by a decrease in card services income, which was down $471,000 or 5.2%. Card services income in 2024 included a $255,000 sign-on bonus related to the renewal of a card services contract.

NONINTEREST EXPENSE

Noninterest expense was $53.8 million for the third quarter of 2025, up $4.0 million or 8.0% compared to the same period in 2024. Noninterest expense for the year-to-date period ended September 30, 2025 was $156.1 million, an increase of $6.4 million or 4.3% compared to the $149.7 million reported for the same period in 2024. Increases for both periods over the prior year periods reflected higher personnel-related expenses, which were up $1.7 million or 5.4% for the third quarter of 2025, and up $4.7 million or 5.0% for the year-to-date period ended September 30, 2025, and other operating expense, up $2.1 million or 16.2% for the third quarter of 2025, and up $1.7 million or 4.3% for the year-to-date period ended September 30, 2025. The increase in other operating expenses reflects investments in support of future growth.

INCOME TAX EXPENSE

Provision for income tax expense was $7.4 million for an effective rate of 23.9% for the third quarter of 2025, compared to $5.9 million for an effective rate of 23.9% for the third quarter of 2024. For the nine months ended September 30, 2025, the provision for income tax expense was $20.3 million and the effective tax rate was 23.9% compared to $16.0 million for an effective tax rate of 23.7% for the same period in 2024.

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ASSET QUALITY

The allowance for credit losses represented 0.95% of total loans and leases at September 30, 2025, unchanged from the most recent prior quarter, and up from 0.94% reported at September 30, 2024. The increase in the allowance for credit losses coverage ratio compared to September 30, 2024 was mainly due to updated economic forecasts for unemployment and gross domestic product for the quarter, as well as updated model assumptions based on the annual model review. The ratio of the allowance to total nonperforming loans and leases was 113.06% at September 30, 2025, compared to 111.55% at June 30, 2025, and 88.51% at September 30, 2024. The increase in the ratio compared to the third quarter of 2024 was due to the decrease in nonperforming loans and leases, discussed in more detail below.

Provision for credit losses for the third quarter of 2025 was $2.5 million compared to $2.2 million for the third quarter of 2024. Provision for credit losses for the nine months ended September 30, 2025 was $10.6 million compared to $5.2 million for the nine months ended September 30, 2024. The increase in provision expense for the year-to-date period compared to the same period in 2024 was mainly driven by a charge-off of $4.7 million in the second quarter of 2025 on a commercial real estate relationship totaling $18.1 million. Net charge-offs for the three months ended September 30, 2025 were $1.1 million, compared to $5.3 million for the second quarter of 2025, and $912,000 for the third quarter of 2024. The decrease in net charge-offs compared to the second quarter of 2025 was mainly related to the $4.7 million charge-off discussed above.

Nonperforming assets of $53.0 million represented 0.63% of total assets at September 30, 2025, in line with June 30, 2025, and down from $62.7 million or 0.78% at September 30, 2024. The decrease in nonperforming assets at September 30, 2025 compared to the same period in 2024 was largely due to one nonperforming commercial real estate loan totaling $14.2 million moving into other real estate owned during the fourth quarter of 2024, and subsequently being sold in the first quarter of 2025. Loans past due 30-89 days totaled $7.8 million at September 30, 2025, $5.9 million at June 30, 2025, and $7.0 million at September 30, 2024.

Special Mention and Substandard loans and leases totaled $144.2 million at September 30, 2025, compared to $96.8 million reported at June 30, 2025, and $126.0 million reported at September 30, 2024. The increase was mainly a result of two loans totaling $41.2 million being downgraded to Special Mention during the third quarter of 2025. The Company believes that the existing collateral and pledged investments securing the loans are sufficient to cover the exposure.

CAPITAL POSITION

Capital ratios at September 30, 2025 remained well above the regulatory minimums for well-capitalized institutions. The ratio of total capital to risk-weighted assets was 13.27% at September 30, 2025, compared to 13.15% at June 30, 2025, and 13.21% at September 30, 2024. The ratio of Tier 1 capital to average assets was 9.41% at September 30, 2025, compared to 9.36% at June 30, 2025, and 9.19% at September 30, 2024.

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LIQUIDITY POSITION

The Company's liquidity position at September 30, 2025 was stable and consistent with its position at June 30, 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 $1.5 billion, or 17.8% of total assets, at September 30, 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 and Tompkins Insurance Agencies, Inc. Tompkins Community Bank provides a full array of wealth management services under the Tompkins Financial Advisors brand, including investment management, trust and estate, financial and tax planning services. 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 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", "will", "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 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 and our Quarterly Reports on Form 10-Q 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 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; increased supervisory and regulatory scrutiny of financial institutions; technological developments and changes;

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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 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 the war in Ukraine and the impacts of continued or escalating hostilities in the Middle East), tariffs and trade wars, widespread protests, civil unrest, political uncertainty, and pandemics or other public health crises. 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) (Unaudited)* | **As of** | **As of** |
| **ASSETS** | **9/30/2025** | **12/31/2024** |
|  |  | **(Audited)** |
| Cash and noninterest bearing balances due from banks | $77115 | $53635 |
| Interest bearing balances due from banks | 116377 | 80763 |
| **Cash and Cash Equivalents** | **193492** | **134398** |
| Available-for-sale debt securities, at fair value (amortized cost of $1,380,783 at September 30, 2025 and $1,367,123 at December 31, 2024) | 1291053 | 1231532 |
| Held-to-maturity debt securities, at amortized cost (fair value of $281,624 at September 30, 2025 and $267,295 at December 31, 2024) | 312510 | 312462 |
| Equity securities, at fair value | 794 | 768 |
| Total loans and leases, net of unearned income and deferred costs and fees | 6288071 | 6019922 |
| Less: Allowance for credit losses | 59889 | 56496 |
| **Net Loans and Leases** | **6228182** | **5963426** |
| Federal Home Loan Bank and other stock | 27083 | 42255 |
| Bank premises and equipment, net | 73842 | 76627 |
| Corporate owned life insurance | 77328 | 76448 |
| Goodwill | 92602 | 92602 |
| Other intangible assets, net | 2325 | 2203 |
| Accrued interest and other assets | 169520 | 176359 |
| **Total Assets** | $**8468731** | $**8109080** |
| **LIABILITIES** |  |  |
| Deposits: |  |  |
| Interest bearing: |  |  |
| &nbsp;&nbsp;Checking, savings and money market | 3904875 | 3558946 |
| &nbsp;&nbsp;Time | 1242051 | 1068375 |
| Noninterest bearing | 1906144 | 1844484 |
| **Total Deposits** | **7053070** | **6471805** |
| Federal funds purchased and securities sold under agreements to repurchase | 80804 | 37036 |
| Other borrowings | 444866 | 790247 |
| Other liabilities | 101186 | 96548 |
| **Total Liabilities** | $**7679926** | $**7395636** |
| **EQUITY** |  |  |
| Tompkins Financial Corporation shareholders' equity: |  |  |
| Common Stock - par value $.10 per share: Authorized 25,000,000 shares; Issued: 14,461,230 at September 30, 2025; and 14,468,013 at December 31, 2024 | 1447 | 1447 |
| Additional paid-in capital | 301184 | 300073 |
| Retained earnings | 575112 | 537157 |
| Accumulated other comprehensive loss | (83773) | (118492) |
| Treasury stock, at cost – 101,665 shares at September 30, 2025, and 131,497 shares at December 31, 2024 | (5165) | (6741) |
| **Total Equity** | $**788805** | $**713444** |
| **Total Liabilities and Equity** | $**8468731** | $**8109080** |

---

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| TOMPKINS FINANCIAL CORPORATION | TOMPKINS FINANCIAL CORPORATION | 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 | CONSOLIDATED STATEMENTS OF INCOME | CONSOLIDATED STATEMENTS OF INCOME |
| *(In thousands, except per share data) (Unaudited)* | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
|  | **9/30/2025** | **06/30/2025** | **9/30/2024** | **9/30/2025** | **9/30/2024** |
| INTEREST AND DIVIDEND INCOME |  |  |  |  |  |
| Loans | $86309 | $82293 | $77814 | $247232 | $223059 |
| Due from banks | 187 | 187 | 168 | 549 | 506 |
| Available-for-sale debt securities | 9738 | 9311 | 9037 | 27778 | 28019 |
| Held-to-maturity debt securities | 1224 | 1220 | 1222 | 3661 | 3659 |
| Federal Home Loan Bank and other stock | 598 | 635 | 888 | 1944 | 2309 |
| Total Interest and Dividend Income | **98056** | $**93646** | $**89129** | $**281164** | $**257552** |
| INTEREST EXPENSE |  |  |  |  |  |
| Time certificates of deposits of $250,000 or more | 4063 | 4140 | 4158 | 12710 | 12216 |
| Other deposits | 24210 | 23339 | 22553 | 69692 | 64213 |
| Federal funds purchased and securities sold under agreements to repurchase | 23 | 61 | 11 | 125 | 35 |
| Other borrowings | 5882 | 5976 | 9214 | 17967 | 26267 |
| Total Interest Expense | **34178** | **33516** | **35936** | **100494** | **102731** |
| Net Interest Income | **63878** | **60130** | **53193** | **180670** | **154821** |
| Less: Provision for credit loss expense | 2490 | 2780 | 2174 | 10557 | 5200 |
| **Net Interest Income After Provision for Credit Loss Expense** | **61388** | **57350** | **51019** | **170113** | **149621** |
| NONINTEREST INCOME |  |  |  |  |  |
| Insurance commissions and fees | 11282 | 9609 | 11283 | 32490 | 30629 |
| Wealth management fees | 4979 | 4964 | 4925 | 15062 | 14711 |
| Service charges on deposit accounts | 1844 | 1790 | 1872 | 5439 | 5434 |
| Card services income | 2891 | 3150 | 2921 | 8667 | 9138 |
| Other income | 2557 | 2998 | 2299 | 9424 | 7321 |
| Net gain (loss) on securities transactions | 11 | 1 | 85 | 26 | 65 |
| Total Noninterest Income | **23564** | **22512** | **23385** | **71108** | **67298** |
| NONINTEREST EXPENSE |  |  |  |  |  |
| Salaries and wages | 27581 | 26368 | 25664 | 78926 | 75280 |
| Other employee benefits | 6073 | 7162 | 6276 | 20335 | 19232 |
| Net occupancy expense of premises | 3173 | 3108 | 3065 | 9851 | 9761 |
| Furniture and fixture expense | 1825 | 2069 | 1797 | 5681 | 5832 |
| Amortization of intangible assets | 97 | 84 | 86 | 265 | 242 |
| Other operating expense | 15098 | 12832 | 12989 | 41019 | 39329 |
| Total Noninterest Expenses | **53847** | **51623** | **49877** | **156077** | **149676** |
| **Income Before Income Tax Expense** | **31105** | **28239** | **24527** | **85144** | **67243** |
| **Income Tax Expense** | 7432 | 6768 | 5858 | 20321 | 15958 |
| **Net Income Attributable to Noncontrolling Interests and Tompkins Financial Corporation** | **23673** | **21471** | **18669** | **64823** | **51285** |
| Less: Net Income Attributable to Noncontrolling Interests | 0 | 0 | 31 | 0 | 93 |
| **Net Income Attributable to Tompkins Financial Corporation** | $**23673** | **21471** | **18638** | **64823** | **51192** |
| Basic Earnings Per Share | $**1.66** | $**1.51** | $**1.31** | $**4.55** | $**3.60** |
| Diluted Earnings Per Share | $**1.65** | $**1.50** | $**1.30** | $**4.52** | $**3.59** |

---

------

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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** |
| | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **September 30, 2024** | **September 30, 2024** | **September 30, 2024** |
| *(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 | $18474 | $187 | 4.02% | $15820 | $187 | 4.74% | $13189 | $168 | 5.07% |
| &nbsp;&nbsp;Securities<sup>1</sup> |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Government securities | 1616048 | 10466 | 2.57% | 1610090 | 10026 | 2.50% | 1664611 | 9740 | 2.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State and municipal<sup>2</sup> | 82462 | 541 | 2.60% | 85080 | 554 | 2.61% | 87799 | 560 | 2.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Securities<sup>2</sup> | 3283 | 54 | 6.52% | 3279 | 53 | 6.48% | 3282 | 60 | 7.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total securities | 1701793 | 11061 | 2.58% | 1698449 | 10633 | 2.51% | 1755692 | 10360 | 2.35% |
| &nbsp;&nbsp;&nbsp;FHLBNY and FRB stock | 31023 | 598 | 7.65% | 31660 | 635 | 8.05% | 38534 | 888 | 9.17% |
| &nbsp;&nbsp;Total loans and leases, net of unearned income<sup>2,3</sup> | 6216384 | 86522 | 5.52% | 6129561 | 82499 | 5.40% | 5830899 | 78040 | 5.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total interest-earning assets** | **7967674** | **98368** | **4.90%** | **7875490** | **93954** | **4.79%** | **7638314** | **89456** | **4.66%** |
| Other assets | 329774 |  |  | 293105 |  |  | 276610 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | $**8297448** |  |  | $**8168595** |  |  | $**7914924** |  |  |
| **LIABILITIES & EQUITY** |  |  |  |  |  |  |  |  |  |
| Deposits |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest bearing checking, savings, & money market | $3724882 | $17306 | 1.84% | $3680761 | $16504 | 1.80% | $3509116 | $16635 | 1.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Time deposits | 1228830 | 10967 | 3.54% | 1230182 | 10975 | 3.58% | 1016949 | 10076 | 3.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 4953712 | 28273 | 2.26% | 4910943 | 27479 | 2.24% | 4526065 | 26711 | 2.35% |
| Federal funds purchased & securities sold under agreements to repurchase | 41524 | 23 | 0.22% | 42123 | 61 | 0.58% | 42449 | 11 | 0.10% |
| Other borrowings | 535327 | 5882 | 4.36% | 550558 | 5976 | 4.35% | 709474 | 9214 | 5.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total interest-bearing liabilities** | **5530563** | **34178** | **2.45%** | **5503624** | **33516** | **2.44%** | **5277988** | **35936** | **2.71%** |
| Noninterest bearing deposits | 1892896 |  |  | 1818922 |  |  | 1838725 |  |  |
| Accrued expenses and other liabilities | 102462 |  |  | 96074 |  |  | 101679 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities** | 7525921 |  |  | 7418620 |  |  | 7218392 |  |  |
| Tompkins Financial Corporation Shareholders' equity | 771527 |  |  | 749975 |  |  | 695057 |  |  |
| Noncontrolling interest | 0 |  |  | 0 |  |  | 1475 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total equity** | **771527** |  |  | **749975** |  |  | **696532** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities and equity** | $**8297448** |  |  | $**8168595** |  |  | $**7914924** |  |  |
| Interest rate spread |  |  | **2.45%** |  |  | **2.34%** |  |  | **1.95%** |
| &nbsp;&nbsp;&nbsp;Tax-equivalent net interest income/margin on earning assets |  | **64190** | **3.20%** |  | **60438** | **3.08%** |  | **53520** | **2.79%** |
| Tax-equivalent adjustment |  | **(312)** |  |  | **(308)** |  |  | **(327)** |  |
| &nbsp;&nbsp;&nbsp;Net interest income |  | $**63878** |  |  | $**60130** |  |  | $**53193** |  |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **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)** |
| | **Year to Date Period Ended** | **Year to Date Period Ended** | **Year to Date Period Ended** | **Year to Date Period Ended** | **Year to Date Period Ended** | **Year to Date Period Ended** |
| | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2024** | **September 30, 2024** | **September 30, 2024** |
|  | Average |  |  | Average |  |  |
|  | Balance |  | Average | Balance |  | Average |
| *(Dollar amounts in thousands)* | (YTD) | Interest | Yield/Rate | (YTD) | Interest | Yield/Rate |
| **ASSETS** |  |  |  |  |  |  |
| Interest-earning assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest-bearing balances due from banks | $16914 | $549 | 4.34% | $12369 | $506 | 5.46% |
| &nbsp;&nbsp;Securities<sup>1</sup> |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Government securities | 1608371 | 29933 | 2.49% | 1712727 | 30109 | 2.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State and municipal<sup>2</sup> | 84466 | 1649 | 2.61% | 89063 | 1697 | 2.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other securities | 3279 | 160 | 6.52% | 3273 | 179 | 7.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total securities | 1696116 | 31742 | 2.50% | 1805063 | 31985 | 2.37% |
| &nbsp;&nbsp;&nbsp;FHLBNY and FRB stock | 31552 | 1944 | 8.24% | 36948 | 2309 | 8.35% |
| &nbsp;&nbsp;Total loans and leases, net of unearned income<sup>2,3</sup> | 6124468 | 247859 | 5.41% | 5713780 | 223656 | 5.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total interest-earning assets** | **7869050** | **282094** | **4.79%** | **7568160** | **258456** | **4.56%** |
| Other assets | 306039 |  |  | 274143 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | $**8175089** |  |  | $**7842303** |  |  |
| **LIABILITIES & EQUITY** |  |  |  |  |  |  |
| Deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest bearing checking, savings, & money market | 3696142 | 49903 | 1.81% | 3517993 | 47424 | 1.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Time deposits | 1206273 | 32499 | 3.60% | 997800 | 29005 | 3.88% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 4902415 | 82402 | 2.25% | 4515793 | 76429 | 2.26% |
| Federal funds purchased & securities sold under agreements to repurchase | 43744 | 125 | 0.38% | 43837 | 35 | 0.11% |
| Other borrowings | 549192 | 17967 | 4.37% | 673809 | 26267 | 5.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total interest-bearing liabilities** | **5495351** | **100494** | **2.45%** | **5233439** | **102731** | **2.62%** |
| Noninterest bearing deposits | 1830755 |  |  | 1835776 |  |  |
| Accrued expenses and other liabilities | 98953 |  |  | 97593 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities** | 7425059 |  |  | 7166808 |  |  |
| Tompkins Financial Corporation Shareholders' equity | 750030 |  |  | 674048 |  |  |
| Noncontrolling interest | 0 |  |  | 1447 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total equity** | **750030** |  |  | **675495** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities and equity** | $**8175089** |  |  | $**7842303** |  |  |
| Interest rate spread |  |  | **2.35%** |  |  | **1.94%** |
| &nbsp;&nbsp;&nbsp;Net interest income (TE)/margin on earning assets |  | **181600** | **3.09%** |  | **155725** | **2.75%** |
| Tax Equivalent Adjustment |  | **(930)** |  |  | **(904)** |  |
| &nbsp;&nbsp;&nbsp;Net interest income |  | $**180670** |  |  | $**154821** |  |

---

------

**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** | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Dec-24 |
| Securities | $1604357 | $1588647 | $1572602 | $1544762 | $1622526 | $1544762 |
| Total Loans | 6288071 | 6172654 | 6066645 | 6019922 | 5881261 | 6019922 |
| Allowance for credit losses | 59889 | 58555 | 61023 | 56496 | 55384 | 56496 |
| Total assets | 8468731 | 8373818 | 8199653 | 8109080 | 8006427 | 8109080 |
| Total deposits | 7053070 | 6715795 | 6753502 | 6471805 | 6577896 | 6471805 |
| Brokered deposits | 145223 | 138787 | 99763 | 0 | 20383 | 0 |
| Federal funds purchased and securities sold under agreements to repurchase | 80804 | 127111 | 122985 | 37036 | 67506 | 37036 |
| Other borrowings | 444866 | 672696 | 493247 | 790247 | 539327 | 790247 |
| Total common equity | 788805 | 761793 | 741377 | 713444 | 719855 | 713444 |
| Total equity | 788805 | 761793 | 741377 | 713444 | 721348 | 713444 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Average Balance Sheet** | | | | | | |
| Average earning assets | $7967674 | $7875490 | $7761723 | $7691242 | $7638314 | $7599098 |
| Average assets | 8297448 | 8168595 | 8056578 | 7973732 | 7914924 | 7875339 |
| Average interest-bearing liabilities | 5530563 | 5503624 | 5450993 | 5311044 | 5277988 | 5252947 |
| Average equity | 771527 | 749975 | 728110 | 716546 | 696532 | 685814 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Share data** | | | | | | |
| Weighted average shares outstanding (basic) | 14248533 | 14246395 | 14246140 | 14230297 | 14215607 | 14218106 |
| Weighted average shares outstanding (diluted) | 14345219 | 14320125 | 14319440 | 14312497 | 14283255 | 14268443 |
| Period-end shares outstanding | 14431300 | 14430985 | 14433873 | 14436363 | 14394255 | 14436363 |
| Common equity book value per share | $54.66 | $52.79 | $51.36 | $49.42 | $50.01 | $49.42 |
| Tangible book value per share (Non-GAAP)\*\* | $48.19 | $46.31 | $44.88 | $42.93 | $43.50 | $42.93 |
| *\*\*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 | $63878 | $60130 | $56662 | $56281 | $53193 | $211102 |
| Provision for credit loss expense | 2490 | 2780 | 5287 | 1411 | 2174 | 6611 |
| Noninterest income | 23564 | 22512 | 25032 | 20829 | 23385 | 88127 |
| Noninterest expense | 53847 | 51623 | 50607 | 49966 | 49877 | 199642 |
| Income tax expense | 7432 | 6768 | 6121 | 6045 | 5858 | 22003 |
| Net income attributable to Tompkins Financial Corporation | 23673 | 21471 | 19679 | 19658 | 18638 | 70850 |
| Noncontrolling interests | 0 | 0 | 0 | 30 | 31 | 123 |
| Basic earnings per share<sup>4</sup> | 1.66 | 1.51 | 1.38 | 1.38 | 1.31 | 4.98 |
| Diluted earnings per share<sup>4</sup> | 1.65 | 1.50 | 1.37 | 1.37 | 1.30 | 4.97 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Nonperforming Assets** | | | | | | |
| Nonaccrual loans and leases | $52805 | $52325 | $70891 | $50548 | $62381 | $50548 |
| Loans and leases 90 days past due and accruing | 166 | 166 | 187 | 323 | 193 | 323 |
| Total nonperforming loans and leases | 52971 | 52491 | 71078 | 50871 | 62574 | 50871 |
| OREO | 0 | 81 | 81 | 14314 | 81 | 14314 |
| Total nonperforming assets | $52971 | $52572 | $71159 | $65185 | $62655 | $65185 |

---

------

**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** | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Dec-24 |
| Loans and leases 30-89 days past due and |  |  |  |  |  |  |
| accruing | $7841 | $5857 | $12285 | $28828 | $7031 | $28828 |
| Loans and leases 90 days past due and accruing | 166 | 166 | 187 | 323 | 193 | 323 |
| Total loans and leases past due and accruing | 8007 | 6023 | 12472 | 29151 | 7224 | 29151 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **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 | $58555 | $61023 | $56496 | $55384 | $53059 | $51584 |
| Provision for credit losses | 2454 | 2786 | 5260 | 1969 | 3237 | $7418 |
| Net loan and lease charge-offs (recoveries) | 1120 | 5254 | 733 | 857 | 912 | $2506 |
| Allowance for credit losses at end of period | $59889 | $58555 | $61023 | $56496 | $55384 | $56496 |
| **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 | $1484 | $1490 | $1463 | $2021 | $3084 | $2270 |
| Provision (credit) for credit losses | 36 | (6) | 27 | (558) | (1063) | $(807) |
| Allowance for credit losses at end of period | $1520 | $1484 | $1490 | $1463 | $2021 | $1463 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Loan Classification - Total Portfolio** | | | | | | |
| Special Mention | $88398 | $40048 | $34790 | $36923 | $58758 | $36923 |
| Substandard | 55762 | 56740 | 75980 | 74163 | 67261 | 74163 |

---

**Ratio Analysis**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Credit Quality** | | | | | | |
| Nonperforming loans and leases/total loans and leases | 0.84% | 0.85% | 1.17% | 0.85% | 1.06% | 0.85% |
| Nonperforming assets/total assets | 0.63% | 0.63% | 0.87% | 0.80% | 0.78% | 0.80% |
| Allowance for credit losses/total loans and leases | 0.95% | 0.95% | 1.01% | 0.94% | 0.94% | 0.94% |
| Allowance/nonperforming loans and leases | 113.06% | 111.55% | 85.85% | 111.06% | 88.51% | 111.06% |
| Net loan and lease losses (recoveries) annualized/total average loans and leases | 0.07% | 0.34% | 0.05% | 0.06% | 0.06% | 0.04% |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Capital Adequacy** | | | | | | |
| Tier 1 Capital (to average assets) | 9.41% | 9.36% | 9.31% | 9.27% | 9.19% | 9.27% |
| Total Capital (to risk-weighted assets) | 13.27% | 13.15% | 13.28% | 13.07% | 13.21% | 13.07% |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Profitability (period-end)** | | | | | | |
| Return on average assets \* | 1.13% | 1.05% | 0.99% | 0.98% | 0.94% | 0.90% |
| Return on average equity \* | 12.17% | 11.48% | 10.96% | 10.91% | 10.65% | 10.33% |
| Net interest margin (TE) \* | 3.20% | 3.08% | 2.98% | 2.93% | 2.79% | 2.79% |
| Average yield on interest-earning assets\* | 4.90% | 4.79% | 4.69% | 4.67% | 4.66% | 4.59% |
| Average cost of deposits\* | 1.64% | 1.64% | 1.63% | 1.67% | 1.67% | 1.62% |
| Average cost of funds\* | 1.83% | 1.84% | 1.84% | 1.88% | 2.01% | 1.92% |
| *\* 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 table. 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** |
|  | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Dec-24 |
| Common equity book value per share (GAAP) | $54.66 | $52.79 | $51.36 | $49.42 | $50.01 | $49.42 |
| Total common equity | $788805 | $761793 | $741377 | $713444 | $719855 | $713444 |
| Less: Goodwill and intangibles | 93405 | 93503 | 93586 | 93670 | 93760 | 93670 |
| Tangible common equity (Non-GAAP) | 695400 | 668290 | 647791 | 619774 | 626095 | 619774 |
| Ending shares outstanding | 14431300 | 14430985 | 14433873 | 14436363 | 14394255 | 14436363 |
| Tangible book value per share (Non-GAAP) | $48.19 | $46.31 | $44.88 | $42.93 | $43.50 | $42.93 |

---

<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 2025 and 2024 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, 2024.* 

<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

![image1.jpg](image1.jpg)

**For more information contact:**

Stephen S. Romaine, President & CEO

Matthew Tomazin, Executive VP, CFO & Treasurer

Tompkins Financial Corporation (888) 503-5753

**For Immediate Release**

Friday, October 24, 2025

**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 $0.65 per share, payable on November 14, 2025, to common shareholders of record on November 7, 2025. The dividend amount represents an increase of $0.03 per share, or 4.6% over the dividend paid in the third quarter of 2025.

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 and Tompkins Insurance Agencies, Inc. Tompkins Community Bank provides a full array of wealth management services under the Tompkins Financial Advisors brand, including investment management, trust and estate, financial and tax planning services. For more information on Tompkins Financial, visit www.tompkinsfinancial.com.

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