A major asset sale and stronger core banking performance pushed Tompkins Financial Corporation to record earnings in 2025, according to the company’s latest report. Fourth-quarter earnings per share surged after Tompkins sold its insurance subsidiary to Arthur J. Gallagher & Co..
The sale generated roughly $223 million in cash and helped drive full-year net income to $161.1 million, more than double 2024 results. Loan and deposit growth both topped 7% for the year, while the bank’s net interest margin continued to widen.
CEO Stephen Romaine said the moves strengthened the balance sheet and position the company for strategic investments heading into 2026.
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