What was the average price paid in Tompkins Financial's H1 2026 repurchases?

The company repurchased 35,518 shares for an aggregate cost of $2.8 million during the first six months of 2026, equating to an average price of approximately $78.84 per share. In Q2 alone, 11,787 shares were purchased at an average of about $81.77 per share ($963,433 aggregate).

Is this repurchase activity under a new or existing authorization?

The filing states these shares were purchased under the Company's 2025 Stock Repurchase Plan. The filing does not disclose a new authorization amount or remaining authorization balance, indicating the repurchases are under an existing program from 2025.

How significant is this buyback relative to Tompkins Financial's market capitalization and equity base?

At approximately $2.8 million in aggregate cost over six months, the repurchase program is modest relative to the company's $959.9 million in shareholder equity and tangible equity of $887.2 million. With ~14.4 million shares outstanding, the 35,518 shares repurchased represent only 0.25% of the share base, resulting in minimal near-term share count dilution offsets.

What financial context supports Tompkins Financial's buyback activity?

The company reported record earnings for three consecutive quarters, with H1 2026 diluted EPS of $3.86, up 34.5% year-over-year. Tier 1 capital to average assets was 10.69% and total capital to risk-weighted assets was 14.89%—both well above regulatory minimums. The company also approved a 13% dividend increase, demonstrating balanced capital allocation.

How do repurchases under Rule 10b-18 work?

Rule 10b-18 provides a safe harbor for open-market share repurchases if the company follows specified conditions on timing, price, volume, and broker selection. It protects companies from insider trading liability and allows them to repurchase shares at market prices without disclosure until periodic reporting, unlike accelerated share repurchase (ASR) programs which are disclosed upfront.

What is the filing context for this repurchase disclosure?

This information appears in an 8-K filed on July 24, 2026, alongside Tompkins Financial's second-quarter 2026 earnings release. The company reported the repurchase activity in the Capital Position section of its quarterly press release as part of regular financial results disclosure, not as a separate buyback announcement.

TMP 8-K Filed 2026-07-24 Execution disclosure

Tompkins Financial repurchased 35.5K shares for $2.8M in H1 2026

Bank continues 2025 repurchase plan amid record earnings and capital strength

Shares repurchased36K

Avg price paid$78.84

MechanismRule 10b-18 open-market purcha

What the filing says

Tompkins Financial Corporation executed share repurchases under its 2025 Stock Repurchase Plan during the first half of 2026. In the second quarter alone, the company repurchased 11,787 shares at an aggregate cost of $963,433. For the full six-month period ended June 30, 2026, the company repurchased a total of 35,518 shares at an aggregate cost of $2.8 million, representing an average price of approximately $78.84 per share.

The repurchases occurred amid strong financial performance, with the company reporting record earnings for the third consecutive quarter. Diluted earnings per share reached $2.04 for Q2 2026, up 36% year-over-year, and year-to-date diluted EPS was $3.86, up 34.5% compared to the same period in 2025. Net income for the first half was $55.4 million, up 34.6% from the prior-year period.

Tompkins' capital position remained well above regulatory minimums for well-capitalized institutions. Tier 1 capital to average assets was 10.69% at June 30, 2026, up from 10.58% at March 31, 2026, and total capital to risk-weighted assets was 14.89%, compared to 14.78% in the prior quarter. The company also approved a 13% increase to its dividend, payable in the third quarter of 2026.

During the second quarter of 2026, the Company repurchased 11,787 shares of common stock at an aggregate cost of $963,433. These shares were purchased under the Company's 2025 Stock Repurchase Plan. The Company repurchased a total of 35,518 shares of common stock at an aggregate cost of $2.8 million during the first six months of 2026. — TOMPKINS FINANCIAL CORP 8-K filing · View on SEC EDGAR →

What this means

Tompkins Financial's execution of 35,518 share repurchases at an average price of approximately $78.84 per share reflects the company's confidence in its valuation and capital management strategy. With tangible book value per share of $61.68 at quarter-end and strong capital ratios, the repurchase program appears part of a balanced capital deployment strategy alongside dividend growth. The $2.8 million deployment in the first half—modest relative to the company's $959.9 million equity base—demonstrates measured execution rather than aggressive buyback activity. For a bank with roughly 14.4 million shares outstanding, this level of repurchase has minimal near-term share count impact but aligns with the company's stated 2025 repurchase authorization.

Frequently asked questions

What was the average price paid in Tompkins Financial's H1 2026 repurchases?: The company repurchased 35,518 shares for an aggregate cost of $2.8 million during the first six months of 2026, equating to an average price of approximately $78.84 per share. In Q2 alone, 11,787 shares were purchased at an average of about $81.77 per share ($963,433 aggregate).
Is this repurchase activity under a new or existing authorization?: The filing states these shares were purchased under the Company's 2025 Stock Repurchase Plan. The filing does not disclose a new authorization amount or remaining authorization balance, indicating the repurchases are under an existing program from 2025.
How significant is this buyback relative to Tompkins Financial's market capitalization and equity base?: At approximately $2.8 million in aggregate cost over six months, the repurchase program is modest relative to the company's $959.9 million in shareholder equity and tangible equity of $887.2 million. With ~14.4 million shares outstanding, the 35,518 shares repurchased represent only 0.25% of the share base, resulting in minimal near-term share count dilution offsets.
What financial context supports Tompkins Financial's buyback activity?: The company reported record earnings for three consecutive quarters, with H1 2026 diluted EPS of $3.86, up 34.5% year-over-year. Tier 1 capital to average assets was 10.69% and total capital to risk-weighted assets was 14.89%—both well above regulatory minimums. The company also approved a 13% dividend increase, demonstrating balanced capital allocation.
How do repurchases under Rule 10b-18 work?: Rule 10b-18 provides a safe harbor for open-market share repurchases if the company follows specified conditions on timing, price, volume, and broker selection. It protects companies from insider trading liability and allows them to repurchase shares at market prices without disclosure until periodic reporting, unlike accelerated share repurchase (ASR) programs which are disclosed upfront.
What is the filing context for this repurchase disclosure?: This information appears in an 8-K filed on July 24, 2026, alongside Tompkins Financial's second-quarter 2026 earnings release. The company reported the repurchase activity in the Capital Position section of its quarterly press release as part of regular financial results disclosure, not as a separate buyback announcement.

execution regional-bank rule-10b-18 capital-management dividend-increase

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.