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Tompkins Financial Corporation reports record full year earnings

Tompkins Financial Corporation reports record full year earnings for 2021. For the year ended December 31, 2021, the company reported record diluted earnings per share of $6.05, up 16.4% from December 31, 2020.


Net income for 2021 was $89.3 million, an increase of $11.7 million compared to the same period in 2020.  Results for 2020 included a $16.8 million provision for credit losses recognized in the first quarter reflecting economic stress due to the COVID-19 pandemic.

The company reported diluted earnings per share of $1.33 for the fourth quarter of 2021, down 17.4% compared to $1.61 reported in the fourth quarter of 2020. Net income for the fourth quarter of 2021 was $19.5 million, a $4.5 million decrease when compared to the same period in 2020.



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