ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) announced that its board of directors has increased its regular quarterly cash dividend to 44 cents per share from 42 cents in the prior quarter.
The new dividend will be payable on Nov. 16, to common shareholders of record on Nov. 9.
Tompkins Financial also reported net income of $14.5 million in this year’s third quarter, up almost 6 percent from $13.7 million in the same period in 2014.
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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 — according to FDIC statistics.
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