Tompkins Financial (TMP) Financials

Tompkins Financial Corp (TMP) is a financial holding company that provides banking, insurance, and wealth management services to individuals and businesses. The company's income statement shows its financial performance over a specified period, usually a year. It provides information on revenues, expenses, and net income. For example, in the most recent fiscal year, Tompkins Financial Corp reported total revenues of $275 million. The majority of the revenue came from interest and non-interest income, including fees and commissions. After deducting expenses, such as salaries, occupancy costs, and marketing expenses, the company achieved a gross profit of $185 million. The gross profit represents the amount left after subtracting the cost of goods sold from the revenues. From the gross profit, the company also deducts interest and taxes to arrive at its net income of $55 million. Net income reflects the profit available to the company's stockholders after all expenses have been accounted for.

Tompkins Financial Corp's balance sheet provides a snapshot of the company's financial position at a specific point in time. It lists the company's assets, liabilities, and stockholders' equity. As of the most recent fiscal year-end, Tompkins Financial Corp had total assets of $6.2 billion. Assets include cash equivalents, loans, investments, and property. The company's liabilities, which include debts and other obligations, totaled $5.5 billion. Stockholders' equity, which represents the company's net worth, amounted to $683 million. Cash equivalents, such as short-term investments and cash on hand, play a crucial role in the company's liquidity. Tompkins Financial Corp had $550 million in cash equivalents, providing it with immediate access to funds for operations and investments. Net debt, which is the difference between a company's total debt and its cash equivalents, stood at $4.95 billion. Cash flow statements detail the sources and uses of cash during a specified period. They provide insights into a company's ability to generate cash from operating activities, its investments in assets, and its financing activities. In the most recent fiscal year, Tompkins Financial Corp's operating cash flow was $120 million, reflecting the cash generated by its core banking operations. The company's investing cash flow was -$200 million, indicating significant investments in loans and securities. Financing cash flow, which represents the company's capital raising and debt repayment activities, was -$80 million. The company's free cash flow, which measures its ability to generate cash after accounting for capital expenditures, was $40 million. This amount is available for potential dividends, share repurchases, or other strategic investments.