Tompkins Financial Corporation (NYSE Amex: TMP)
has been recognized for superior performance by KBW (Keefe, Bruyette & Woods), a full-service investment bank widely recognized as a leading authority in the banking industry. Tompkins was one of 40 banks posting a ten-year record that met the KBW criteria for inclusion on its 2010 “Bank Honor Roll.”
“We are very pleased to receive this recognition from KBW,” said Stephen S. Romaine, Tompkins Financial President and CEO. “It is gratifying that our company’s commitment to a strategy of long-term sustainable growth has been successful, even during the challenging economic environment of recent years.”
According to KBW, more than 400 publicly-traded banks with at least $500 million in total assets were screened for inclusion on the 2010 “Bank Honor Roll” based on the following criteria:
- No annual loss reported in net income per share before extraordinary items over the past 10 years.
- 2010 annual reported net income per-share before extraordinary items equal to or greater than peak net income per-share over the past 10 years.
- Consecutive increases in net income per-share before extraordinary items since 2009.
In its industry update of March 1, 2011, KBW stated that “Bank Honor Roll” companies significantly outperformed both the banking industry and the overall stock market during the five-year period between 2005 and 2010.
About Tompkins Financial Corporation
Tompkins Financial is a financial services holding company headquartered in Ithaca, NY with $3.3 billion in assets. It trades on NYSE-Amex under the “TMP” symbol. Tompkins Financial provides banking services through its three community banks – Tompkins Trust Company, The Bank of Castile, and Mahopac National Bank, insurance through Tompkins Insurance Agencies, and wealth management through Tompkins Financial Advisors.
KBW operates in the U.S., Europe and Asia through its broker dealer subsidiaries, Keefe, Bruyette & Woods, Inc., Keefe, Bruyette & Woods Limited and Keefe, Bruyette & Woods Asia Limited. It also offers asset management services through KBW Asset Management, Inc. Founded in 1962, the firm is widely recognized as a leading authority in the banking, insurance, brokerage, asset management, mortgage banking, real estate and specialty finance sectors. The firm has established industry-leading positions in the areas of research, corporate finance, mergers and acquisitions as well as sales and trading in equities of financial services companies.