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Tompkins Financial TMP Mortgage servicing rights

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Other financials

Income statement

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Revenue$87.1M+5.4%
Net income$29.3M+36.5%
EPS (diluted)$2.04+36.0%

Balance sheet

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Cash & equivalents$147.8M-30.5%
Total debt$122.1M-71.4%
Total equity$959.9M+26.0%
Total assets$8.8B+5.1%

Cash flow

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Operating cash flow$73.4M+230%
CapEx$2.3M+72.2%
Free cash flow$71.1M+241%

Valuation

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Market cap$1.4B+55.2%
P/E-3.4×
P/S3.1×+0.3×

Profitability

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Net margin38.7%+13.7pp
FCF margin28.8%0.0pp

Returns & leverage

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Return on equity20.4%+9.3pp
Debt / equity0.1×-0.5×

Where this comes from

Reported directly by Tompkins Financial in its filing.

Tagged under the XBRL concept us-gaap:ServicingAssetAtAmortizedValue.

The source filing: Tompkins Financial’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 12:46 PM EST
Fiscal year
FY2025
Accession
0001005817-26-000027

Amortization of mortgage servicing assets amounted to $120,000 in 2025, $91,000 in 2024, and $81,000 in 2023. At December 31, 2025 and 2024, the Company serviced residential mortgage loans aggregating $227.7 million and $158.0 million. Mortgage servicing rights, at an amortized cost basis, totaled $1.7 million at December 31, 2025 and $1.1 million at December 31, 2024. These mortgage servicing rights were evaluated for impairment at year-end 2025 and 2024 and no impairment was recognized. Loans held for sale, which are included in residential real estate, totaled $5.4 million and $1.7 million at December 31, 2025 and 2024, respectively.

Item 8. Financial Statements and Supplementary Data

FAQ

What is Tompkins Financial's mortgage servicing rights?
Tompkins Financial (TMP) reported mortgage servicing rights of $1.7M in Q4 2025.
How has Tompkins Financial's mortgage servicing rights changed year-over-year?
Tompkins Financial's mortgage servicing rights increased by 54.5% year-over-year, from $1.1M to $1.7M.
What is the long-term trend for Tompkins Financial's mortgage servicing rights?
Over 5 years (2020 to 2025), Tompkins Financial's mortgage servicing rights has grown at a 11.6% compound annual growth rate (CAGR), from $981K to $1.7M.
What does mortgage servicing rights mean?
The capitalized value of the contractual right to service mortgage loans for a fee after those loans have been sold to third-party investors. This asset represents a recurring stream of non-interest income for the company. Changes in this value reflect shifts in mortgage market activity, prepayment speeds, and interest rate environments.

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