TOMPKINS FINANCIAL CORP Earnings Per Share Disclosure
| Year ended December 31, | |||||||||||
| (In thousands, except share and per share data) | 2025 | 2024 | 2023 | ||||||||
| Basic | |||||||||||
| Net income available to common shareholders | $ | 161,071 | $ | 70,850 | $ | 9,505 | |||||
| Less: income attributable to unvested stock-based compensation awards | 0 | 0 | (42) | ||||||||
| Net earnings allocated to common shareholders | 161,071 | 70,850 | 9,463 | ||||||||
| Weighted average shares outstanding, including unvested stock-based compensation awards | 14,433,382 | 14,404,233 | 14,442,077 | ||||||||
| Less: unvested stock-based compensation awards | (180,572) | (186,127) | (187,416) | ||||||||
| Weighted average shares outstanding - Basic | 14,252,810 | 14,218,106 | 14,254,661 | ||||||||
| Diluted | |||||||||||
| Net earnings allocated to common shareholders | $ | 161,071 | $ | 70,850 | $ | 9,463 | |||||
| Weighted average shares outstanding - Basic | 14,252,810 | 14,218,106 | 14,254,661 | ||||||||
| Plus: incremental shares from assumed conversion of stock-based compensation awards | 82,548 | 50,337 | 46,560 | ||||||||
| Weighted average shares outstanding - Diluted | 14,335,358 | 14,268,443 | 14,301,221 | ||||||||
| Basic EPS | $ | 11.30 | $ | 4.98 | $ | 0.66 | |||||
| Diluted EPS | $ | 11.24 | $ | 4.97 | $ | 0.66 | |||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2023 | Feb 29, 2024 | |
| 2022 | Mar 1, 2023 | |
| 2021 | Mar 1, 2022 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.