Ithaca, N.Y. Tompkins Financial reported fourth-quarter results Friday, announcing net income of $96.2 million and adjusted earnings per share of $1.78, beating estimates. The company disclosed $226.7 million in quarterly revenue and annual profit of $161.1 million for the year. Revenue net of interest expense reached $194.8 million, topping Street forecasts this week. The adjusted EPS figure excludes non-recurring gains disclosed in the company's filings. The firm said revenue increased year-over-year and noted a prior-quarter EPS miss of $0.05. Markets reacted to the disclosures after the Friday morning release. Based on 6 articles reviewed and supporting research.
Prepared by Christopher Adams and reviewed by editorial team.
Investors and Tompkins Financial benefitted from the EPS beat and year-over-year revenue increases, which supported reported financial performance and could bolster investor confidence.
Short sellers holding positions against Tompkins Financial likely experienced losses when shares rose after the earnings announcement.
No left-leaning sources found for this story.
Tompkins Financial Reports Strong Q4 Earnings, Revenue Gains
Benzinga WHAS 11 LouisvilleNo right-leaning sources found for this story.
Comments