Tompkins Finc | 8-K: FY2025 Q1 EPS Beats Estimate at USD 1.37

EPS: As of FY2025 Q1, the actual value is USD 1.37, beating the estimate of USD 1.31.

EBIT: As of FY2025 Q1, the actual value is USD 25.8 K.

Net Income

Net income for the first quarter of 2025 was $19.7 million, unchanged from the immediate prior quarter, and up 16.6% from $16.9 million reported for the same period in 2024.

Net Interest Income

Net interest income was $56.7 million for the first quarter of 2025, up $381,000 or 0.7% compared to the fourth quarter of 2024, and up $6.0 million or 11.8% compared to the first quarter of 2024.

Noninterest Income

Noninterest income for the first quarter of 2025 was $25.0 million, up $2.9 million or 13.1% compared to the first quarter of 2024.

Noninterest Expense

Noninterest expense was $50.6 million for the first quarter of 2025, up $750,000 or 1.5% compared to the first quarter of 2024.

Provision for Credit Losses

Provision for credit losses for the first quarter of 2025 was $5.3 million compared to $854,000 for the first quarter of 2024.

Cash Flow

Cash and cash equivalents at March 31, 2025 were $193.1 million, up from $134.4 million at December 31, 2024.

Asset Quality

The allowance for credit losses represented 1.01% of total loans and leases at March 31, 2025, up from 0.94% at year-end 2024, and from 0.92% reported at March 31, 2024.

Capital Position

Regulatory Tier 1 capital to average assets was 9.31% at March 31, 2025, up compared to 9.27% at December 31, 2024, and 9.08% at March 31, 2024.

Outlook / Guidance

Tompkins Financial Corporation believes it remains well positioned with a strong balance sheet amidst new economic uncertainty. The company is committed to supporting local communities and driving growth through building quality customer relationships.