Business in the Burbs

Tompkins Financial sees higher 1Q profit

April

Tompkins Financial Corp. of Ithaca, the owner of Mahopac National Bank and Tompkins Trustco, said it had first-quarter net income of $7.74 million, or 79 cents a share, on net interest income of $25.9 million. For the comparable quarter a year earlier, it had net income of $7.54 million, or 77 cents a share, on net interest income of $19.7 million.
The higher numbers partially reflect Tompkins’ acquisition in May 2008 of the parent company of Sleepy Hollow Bank, which was merged into Mahopac National.

This entry was posted on Wednesday, April 29th, 2009 at 2:34 pm by Jerry Gleeson.
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