ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors has approved payment of a quarterly cash dividend of 44 cents a share.
The dividend is payable on May 16 to common shareholders of record on May 3. It is the same amount as the dividend that the banking company paid in each of the last two quarters.
Tompkins Financial reported net income of $14.2 million in this year’s first quarter, up nearly 12 percent from $12.7 million in the same period in 2015.
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Tompkins Financial is a financial-services company serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. Headquartered in Ithaca, Tompkins Financial is parent of Tompkins Trust Company, Tompkins Bank of Castile, Tompkins Mahopac Bank, Tompkins VIST Bank, Tompkins Insurance Agencies, Inc., and offers wealth-management services through Tompkins Financial Advisors.
Tompkins Trust is the number one bank in the Ithaca metro area — ranked by deposit market share, with a 62 percent share of all market deposits — according to FDIC statistics.
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