Mahopac National parent has higher profits
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- July
- 23
Tompkins Financial Corp. of Ithaca, the parent of Mahopac National Bank, said it had net income of $7.12 million in the second quarter, or 73 cents a share, on net interest income of $21.9 million. For the comparable quarter a year earlier, it had net income of $6.36 million, or 65 cents a share, on net interest income of $18.5 million.
The company raised its dividend from 32 cents a share to 34 cents a share, payable on Aug. 15 to shareholders of record on Aug. 4. The company acquired Sleepy Hollow Bank, which closed in May.
This entry was posted
on Wednesday, July 23rd, 2008 at 4:36 pm by Jerry Gleeson.
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Category: Banking, Earnings season
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