Filing Flows › Tompkins Financial (TMP) › Q4 2024
Tompkins Financial (TMP) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 28, 2025
Tompkins Financial (TMP) reported revenue of $77.1M for the fourth quarter 2024 (Q4 2024), +8% from a year earlier and +0.7% from the quarter before. Operating margin was 33.4%, net earnings $19.7M (25.5% of revenue).
Tompkins Financial, Q4 2024: revenue $77.1M (+8% year over year), operating margin 33.4%, net earnings $19.7M, operating cash flow $23.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $77.1M | +0.7% | +8% |
| Operating profit | $25.7M | +5% | +42% |
| Net earnings | $19.7M | +5% | +31% |
| Operating cash flow | $23.2M | +10% | +23% |
| Free cash flow | $21.7M | +14% | +24% |
What changed
Revenue was $77.1M in Q4 2024, up 8% year over year and up 1% from the previous quarter.
Operating profit was $25.7M, a 33.4% margin (up 7.9 points year over year). Of the extra revenue versus a year earlier, 129% reached operating profit, above the 25% margin then. Total costs fell 3% while revenue rose 8%. Net earnings were $19.7M, up 31% year over year. The effective tax rate was 23.5%.
Operating cash flow was $23.2M (up 23% year over year), 118% of net earnings. Non-cash charges added back $1.9M of share-based compensation. Working capital and other items added $1.6M. Capital expenditures of $1.6M left free cash flow of $21.7M.
Questions
What was Tompkins Financial's revenue in the fourth quarter 2024?
Tompkins Financial (TMP) reported revenue of $77.1M for the fourth quarter 2024 (Q4 2024), +8% from a year earlier and +0.7% from the quarter before.
Was Tompkins Financial profitable in the fourth quarter 2024?
Operating profit was $25.7M (33.4% of revenue) and net earnings $19.7M.
Source: Tompkins Financial 10-K on SEC EDGAR.