TOMPKINS FINANCIAL CORP
For the period ended Mar 31, 2024. Filed May 8, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Cover page
Show cover page
United States
Securities and Exchange Commission
Washington, D.C. 20549
FORM 10-Q
| ☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
For the quarterly period ended March 31, 2024
OR
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
For the transition period from _____ to ______
Commission File Number 1-12709
Tompkins Financial Corp oration
(Exact name of registrant as specified in its charter)
| New York | 16-1482357 |
|---|---|
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
P.O. Box 460, Ithaca, NY
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code:(888)503-5753
Former name, former address, and former fiscal year, if changed since last report: NA
Indicate the number of shares of the Registrant’s Common Stock outstanding as of the latest practicable date:
| 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: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No☐.
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No☐.
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer", "accelerated filer", "smaller reporting company", and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):
| Large Accelerated Filer | ☒ | Accelerated Filer | ☐ |
|---|---|---|---|
| Non-Accelerated Filer | ☐ | Smaller Reporting Company | ☐ |
| Emerging Growth Company | ☐ | ||
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 Exchange Act.☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.) Yes☐ No☒.
Indicate the number of shares of the Registrant's Common Stock outstanding as of the latest practicable date:14,404,486 shares as of May 3, 2024.
FORM 10-Q
INDEX
| PART I -FINANCIAL INFORMATION | |||
|---|---|---|---|
| PAGE | |||
| Item 1 – | Financial StatementsConsolidated Statements of Condition as of March 31, 2024 (Unaudited) and December 31, 2023 (Audited) | 1 | |
| Consolidated Statements of Income for the three months ended March 31, 2024 and 2023 (Unaudited) | 2 | ||
| Consolidated Statements of Comprehensive Income for the three months ended March 31, 2024 and 2023 (Unaudited) | 3 | ||
| Consolidated Statements of Cash Flows for the three months ended March 31, 2024 and 2023 (Unaudited) | 4 | ||
| Consolidated Statements of Changes in Shareholders’ Equity for the three months ended March 31, 2024 and 2023 (Unaudited) | 6 | ||
| Notes to Unaudited Consolidated Financial Statements | 7 | ||
| Item 2 - | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 40 | |
| Item 3 - | Quantitative and Qualitative Disclosures About Market Risk | 59 | |
| Item 4 - | Controls and Procedures | 61 | |
| PART II - OTHER INFORMATION | |||
| Item 1 – | Legal Proceedings | 61 | |
| Item 1A – Risk Factors | 61 | ||
| Item 2 – | Unregistered Sales of Equity Securities and Use of Proceeds | 61 | |
| Item 3 - | Defaults Upon Senior Securities | 62 | |
| Item 4 - | Mine Safety Disclosures | 62 | |
| Item 5 - | Other Information | 62 | |
| Item 6 - | Exhibits | 62 | |
| SIGNATURES | 64 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.