On this page of StockholderLetter.com we present the latest annual shareholder letter from TOMPKINS FINANCIAL CORP — ticker symbol TMP. Reading current and past TMP letters to shareholders can bring important insights into the investment thesis.

 •  4/6/2026 Letter Continued (Full PDF)
 •  4/2/2024 TMP Stockholder Letter
 •  4/1/2025 TMP Stockholder Letter
 •  More "Banking & Savings" Category Stockholder Letters
 •  TMP Benford's Law Stock Score = 98

TMP Shareholder/Stockholder Letter Transcript:

2025

FORWARD LOOKING STATEMENT
This letter to shareholders contains    forward-looking statements    within the meaning of the Private Securities
Litigation Reform Act of 1995. The statements contained in this letter that are not statements of historical
fact may include forward-looking statements that involve a number of risks and uncertainties. Forwardlooking 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 expectations regarding future securities revenue; plans to launch products;
anticipated prospects, growth, and strategies; expectations regarding future financial condition, income,
capital expenditures, costs, or other financial results; and other characterizations of future events or
circumstances as well as other statements that are not statements of historical fact. 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 of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, 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; changes in 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 potential 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 as a result of any of the foregoing. The Company does not undertake any
obligation to update its forward-looking statements.

A MESSAGE FROM
Dan Fessenden BOARD CHAIR
Steve Romaine PRESIDENT & CEO
TO O U R VA L U E D S H A R E H O L D E R S
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o  u ;lr  o  ;;v |o =o1  v   |o -7-r|   -m7 |o 1ollb| |o u;v|oubm] |_; v  v|-bm-0  ;   _b]_  
r;u=oulbm] 0  vbm;vv   o   ;  r;1| =uol $olrhbmv  
Together, we delivered. In 2025, Tompkins achieved the strongest net
income in our company   s history.
R E CO R D F I N A N C I A L PE R F O R M A N C E
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Diluted earnings per share reached $11.24, an increase of 126.2% from 2024, while net
income rose to $161.1 million, up $90.2 million, or 127.3%, year over year. These results
included the successful sale of Tompkins Insurance Agencies, Inc. to Arthur J. Gallagher
Risk Management Services, LLC for a net gain of $188.2 million, providing meaningful
capital to support future strategic investments.
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$6.31. We achieved broad-based organic growth with loan growth up 7.1% and deposit
growth up 7.2% compared to 2024. We also saw net interest margin expansion of 49 basis
points compared to Q4 2024.
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Piper Sandler    Sm-All Stars    list, an acknowledgement reserved for the strongestperforming small cap banks in the country.
These outstanding results were only possible because of the collective
effort, discipline and unwavering commitment of our employees.
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;1;l0;u                  

G ROW T H , B A L A N C E S H E E T ST R E N G T H
& ST R AT E G I C C A PITA L D E PLOYMENT
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|_; Y;  b0b  b|   |o bm  ;v| l;-mbm]=         bm |_; m;  | 1_-r|;u o= o  u ;  o       om  
o    o  bm] |_; v-  ;     ; u;rovb   om;7 o  u v;1  ub   ;v rou o  bo 0   v;    bm]              lb    bom bm
v;1  ub   ;v -| -   ovv o=            lb    bom -m7 u;bm  ;v   m] - v  0v|-m   -   rou   om o= |_; ruo1;;7v
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-  ;u-]; 0ooh   b;  7 o=                _b  ; |_; v;1  ub   ;v r  u1_-v;7 _-  ; -m ;v   l-|;7 -  ;u-];
0ooh   b;  7 o=              
Our    nancial strength continues to give us the capacity to invest in areas
that will drive long-term value for shareholders, including modernization,
risk management, customer experience and new capabilities that enhance
scalability and efficiency.
E L E VAT I N G T H E C USTO M E R E X PE R I E N C E
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$olrhbmv 0-mhbm] -m7 $olrhbmv  bm-m1b-    7  bvouv 1  v|ol;uv  
 lom] o  u          -1_b;  ;l;m|v  
    lruo  ;7     ruo1;vvbm]     b|_ -77b   om-   ;m_-m1;l;m|v 1olbm] bm ;-u               
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     lo7;umb  ;7   ;0vb|; v  rrou   m] ub1_;u 1om|;m| -m7 lou; bm|  b     ; 7b]b|-   ;m]-];l;m|

m_-m1;7 7b]b|-   1oll  mb1-   omv -m7 ;7  1-   om =ou $olrhbmv  bm-m1b-    7  bvouv   1  b;m|v
|_uo  ]_ - 0uo-7;u lb   o=   ;0bm-uv   0  o]v -m7 vo1b-   l;7b-
); -  vo l-7; vb]mbC1-m| ruo]u;vv bm o|_;u -u;-v   _b1_   b     0; bm|uo7  1;7 |o 1  v|ol;uv bm
           bm1    7bm]  

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      -mv |o bm|uo7  1; 7b]b|-   1-u7 bvv  -m1; =ou bmv|-m| lo0b  ; -11;vv
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r-u;m|v -m7 1_b  7u;m
   $_; bm|uo7  1   om o= |_; ,;    ; r;uvom  |o  r;uvom r-  l;m| r  - oul
We continue to focus on removing friction points, deepening customer
relationships and modernizing our delivery channels.

I N V E ST I N G I N O U R F U T U R E     A N D I N O U R P E O PL E
"  v|-bmbm] _b]_ r;u=oul-m1; u;t  bu;v 7bv1br  bm;7 bm  ;v|l;m| bm |_; 1ou; 1-r-0b  b   ;v |_-| 
  b     v  rrou| o  u ]uo  |_ =ou   ;-uv |o 1ol;    m              ; l-7; v  0v|-m   -   ruo]u;vv   
Over the past year, we invested in strengthening our enterprise risk management
area   ensuring we have the infrastructure to support sustainable growth. In fact, 27
m;   rovb   omv   ;u; -  |_oub  ;7 bm          -1uovv |_; 1olr-m   -v r-u| o= o  u 1om   m  ;7 
commitment to strengthening the infrastructure that supports our future.
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managing risk. We have also begun the process of adding project management resources
|o blruo  ; ;  ;1     om vr;;7 -m7 ;m_-m1; ;m|;urubv;    b7; ruo7  1     b|     
These investments re   ect our belief that people, technology and
disciplined processes are the foundation for long-term success.
COM M ITM E NT TO O U R COM MU N IT I E S
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1oll  mb   ;v u;l-bmv -| |_; _;-u| o= o  u lbvvbom  
 m              ; ;  r-m7;7 Cm-m1b-     b|;u-1   -m7 -11;vv |o 0-mhbm] bmb   -     ;v -1uovv o  u 
markets. We also provided more than $100,000 in down payment and closing cost
assistance to homebuyers in low income census tracts.
$olrhbmv ;lr  o  ;;v 1om   m  ;7   o    m|;;ubm] ;  |;mvb  ;     |_uo  ]_ l-m     o1-   
ou]-mb  -   omv   bm1    7bm] |_; &mb|;7 )-      -0b|-| =ou    l-mb|       o1-   =oo7 r-m|ub;v -m7 
many others.
Our teams have also supported the development of our future workforce, serving as the
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 olr;      om   - 1-u;;u  oub;m|;7 -1-7;lb1 1om|;v| =ou _b]_ v1_oo   -m7 1o    ;]; v|  7;m|v   
   u |;-lv -  vo vr;m| - 7-   omvb|;   b|_ v|  7;m|v =uol !o1_;v|;u  u;r  b]_ "1_oo   -v |_;   
;  r  ou;7 =  |  u; ;7  1-   om-   -m7 1-u;;u r-|_  -  v  
As face-to-face interactions become less frequent in the digital age, our
meaningful community involvement remains a key differentiator   and a
source of pride.

4/6/2026 Letter Continued (Full PDF)

 

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