TMP News & Events

Reports Q4 revenue $69.1M vs. $56.3M last year. Tompkins president and CEO, Stephen Romaine, commented, "We are pleased to report record quarterly net income and operating earnings for the fourth quarter of 2025. Our improved results were driven by strong loan and deposit growth, both of which were up over 7% for the year, and by an expanding net interest margin which was up 49 basis points over the fourth quarter of 2024. During the fourth quarter of 2025, we announced the sale of Tompkins Insurance Agencies, Inc. and restructured our balance sheet, which we believe leaves us with continued momentum heading into 2026 and provides us with capital to support strategic investments for the future."

Arthur J. Gallagher & Co. announced the acquisition of Batavia, New York-based Tompkins Insurance Agencies, a wholly-owned subsidiary of Tompkins Financial Corporation (TMP). Tompkins Insurance Agencies offers a full suite of property/casualty insurance products and employee benefits services to clients throughout New York and Pennsylvania. David Boyce, president of Tompkins Insurance Agencies, and his team will remain in their current location under the direction of Brendan Gallagher, head of Gallagher's Northeast region retail property/casualty brokerage operations, and Scott Sherman, head of Gallagher's Northeast region employee benefits consulting and brokerage operations. Tompkins Insurance Agencies pro forma revenues and EBITDAC for the trailing 12 months ended June 30, 2025 were approximately $40M and $16M, respectively. Under the agreement, Gallagher will acquire the stock of Tompkins Insurance Agencies for $183M, which is net of Gallagher's discounted tax benefit associated with the transaction of approximately $40M.