Tompkins Financial Corporation Named to KBW Honor Roll
March 10 2011 - 9:04AM
Business Wire
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.
About KBW
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.
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