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TMP on NYSE

TOMPKINS FINANCIAL CORP

TOMPKINS FINANCIAL CORP is an American state commercial bank, incorporated in New York, listed on NYSE (TMP).1 It is headquartered in Ithaca, New York.1

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Last updated Oct 21, 2026.

Overview

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  • TickerTMP on NYSE1
  • IndustryState Commercial Banks1
  • HeadquartersIthaca, New York1
  • Incorporated inNY2
  • Business address118 E Seneca Street, P.O. Box 460, Ithaca, Ny 148502
  • Filer categoryLarge accelerated filer2

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The disclosures set forth in this Item 1. Business are qualified by the section captioned "Forward-Looking Statements" in Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations of this Report and other cautionary statements set forth elsewhere in this Report.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

212.7%Net margin4
-4.5%Revenue growth, 20254
17.2%Return on equity4
$31.9MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Insurance Revenues brought in 47% of the revenue TOMPKINS FINANCIAL CORP broke down this way in fiscal 2025.

  1. Insurance Revenues$35.6M447%down 9% from 2024
  2. Investment Service Income$20.1M427%up 3% from 2024
  3. Card Services Income$11.5M415%down 5% from 2024
  4. Service Charges on Deposit Accounts$7.3M410%down 0% from 2024
  5. Other Non Interest Income$1.3M42%up 0% from 2024
Products and services by year
Products and services202320242025
Insurance Revenues$37.4M$39.1M$35.6M
Investment Service Income$18.0M$19.6M$20.1M
Card Services Income$11.5M$12.1M$11.5M
Service Charges on Deposit Accounts$6.9M$7.3M$7.3M
Other Non Interest Income$1.3M$1.3M$1.3M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Income tax28¢$63.8M
  • Profit72¢$161.1M

Out of $75.7M in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Capital spending15¢$6.9M
  • Dividends paid81¢$36.1M
  • Share buybacks4¢$1.6M

Out of $38.9M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4

Financial statements

Revenue56784$75.7M in 2025+12% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $67.6M$67.6M20192020: $65.7M$65.7M2020−3%2021: $72.6M$72.6M2021+10%2022: $74.0M$74.0M2022+2%2023: $75.0M$75.0M2023+1%2024: $79.3M$79.3M2024+6%2025: $75.7M$75.7M2025−5%
Net income56784$161.1M in 2025+97% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $81.7M$81.7M20192020: $77.6M$77.6M2020−5%2021: $89.3M$89.3M2021+15%2022: $85.0M$85.0M2022−5%2023: $9.5M$9.5M2023−89%2024: $70.8M$70.8M2024+645%2025: $161.1M$161.1M2025+127%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
Loans$334.6M$302.0M$260.4M
Due from banks$760.0K$741.0K$674.0K
Available-for-sale debt securities$39.3M$36.8M$29.7M
Held-to-maturity debt securities$4.9M$4.9M$4.9M
Federal Home Loan Bank and other stock$2.5M$3.2M$1.7M
Total Interest and Dividend Income$382.1M$347.6M$297.4M
Time certificates of deposits of $250,000 or more$17.2M$16.9M$11.4M
Other deposits$93.0M$87.1M$59.4M
Federal funds purchased and securities sold under agreements to repurchase$146.0K$46.0K$58.0K
Other borrowings$21.9M$32.4M$17.0M
Total Interest Expense$132.3M$136.5M$87.8M
Net Interest Income$249.7M$211.1M$209.5M
Less: Provision for credit loss expense$11.5M$6.6M$4.3M
Net Interest Income After Provision for Credit Loss Expense$238.2M$204.5M$205.2M
Insurance commissions and fees$35.6M$39.1M$37.4M
Wealth management fees$20.1M$19.6M$18.0M
Service charges on deposit accounts$7.3M$7.3M$6.9M
Card services income$11.5M$12.1M$11.5M
Gain on sale of TIA$188.2M$0$0
Other income$12.9M$10.1M$6.5M
Net gain (loss) on securities transactions-$78.7M$32.0K-$70.0M
Total Noninterest Income$196.9M$88.1M$10.2M
Salaries and wages$108.6M$101.2M$97.4M
Other employee benefits$27.0M$26.7M$27.3M
Net occupancy expense of premises$13.0M$12.6M$13.3M
Furniture and fixture expense$7.5M$7.7M$8.7M
Amortization of intangible assets$292.0K$332.0K$334.0K
Other operating expense$54.0M$51.2M$56.3M
Total Noninterest Expenses$210.2M$199.6M$203.3M
Income Before Income Tax Expense$224.9M$93.0M$12.1M
Income Tax Expense$63.8M$22.0M$2.5M
Net Income Attributable to Noncontrolling Interests and Tompkins Financial Corporation$161.1M$71.0M$9.6M
Less: Net Income Attributable to Noncontrolling Interests$0$123.0K$124.0K
Net Income Attributable to Tompkins Financial Corporation$161.1M$70.8M$9.5M
Basic Earnings Per Share (in dollars per share)$11.30$4.98$0.66
Diluted Earnings Per Share (in dollars per share)$11.24$4.97$0.66

Compare TOMPKINS FINANCIAL CORP with another company

Corporate structure

TOMPKINS FINANCIAL CORP sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of TOMPKINS FINANCIAL CORP

  • TOMPKINS FINANCIAL CORP Ithaca, New York

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What TOMPKINS FINANCIAL CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$128.8M4 Dec 31, 2025$127.4M4 Dec 31, 2024+1.1%
Property and equipment, net$72.4M4 Dec 31, 2025$76.6M4 Dec 31, 2024−5.5%
Operating-lease assets (leased space)$26.2M4 Dec 31, 2025$26.9M4 Dec 31, 2024−2.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$132.8M4 Dec 31, 2025$134.4M4 Dec 31, 2024−1.2%
Equity securities at fair value$800.0K4 Dec 31, 2025$768.0K4 Dec 31, 2024+4.2%
Stakes in other companies (equity method)$671.0K4 Dec 31, 2025$671.0K4 Dec 31, 20240%
Loans, net of allowance$6.4B4 Dec 31, 2025$6.0B4 Dec 31, 2024+7.1%
Deposits held (banks)$6.9B4 Dec 31, 2025$6.5B4 Dec 31, 2024+7.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$72.7M4 Dec 31, 2025$92.6M4 Dec 31, 2024−21.5%
Intangible assets, net (excluding goodwill)$1.7M4 Dec 31, 2025$2.2M4 Dec 31, 2024−23.4%
Finite-lived intangibles, gross$5.8M4 Dec 31, 2025$35.0M4 Dec 31, 2024−83.4%
Accumulated amortization$4.1M4 Dec 31, 2025$32.8M4 Dec 31, 2024−87.4%
Finite-lived intangibles, net$1.7M4 Dec 31, 2025$2.2M4 Dec 31, 2024−23.4%

Properties, in its own words

The Company’s executive offices are located at 118 East Seneca Street in Ithaca, New York. Tompkins Community Bank has 54 branch offices, of which 25 are owned and 29 are leased at market rents. Management believes the current facilities are suitable for their present and intended purposes. For additional information about the Company’s facilities, including rental expenses, see "Note 7 - Premises and Equipment" in Notes to Consolidated Financial Statements in Part II, "Item 8. Financial Statements and Supplementary Data" of this Report on Form 10-K.

Item 2 of the 10-K filed Feb 26, 2026.3

Leadership

Who has led TOMPKINS FINANCIAL CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. David S. Boyce2006
  2. Stephen E. Garner2006
  3. Stephen S. Romaine2006
  4. James J. Byrnes2006
  5. Gregory J. Hartz2007–2023
  6. Gerald J. Klein Jr.2008–2021
  7. Scott L. Gruber2014–2021
  8. David M. Demilia2021–2023

Chair

  1. James J. Byrnes2006–2010

President

  1. James W. Fulmer2006
  2. Stephen E. Garner2006
  3. Stephen S. Romaine2007–2022
  4. Ginger G. Kunkel2022–now

Chief financial officer

  1. Francis M. Fetsko2006–2023
  2. Matthew D. Tomazin2023–now

Chief operating officer

  1. Francis M. Fetsko2012–2023
  2. Scott L. Gruber2013–2014
2010201520202025
Board members and other officers (58)

Former names

  • TOMPKINS TRUSTCO INCMay 14, 1999 to Jun 5, 20072
  • TOMPKINS COUNTY TRUSTCO INCOct 23, 1996 to Jan 7, 19992

Timeline

  1. Jul 28, 20268-K Regulation FD disclosure84
  2. Jul 24, 20268-K Results of operations; Other events85
  3. May 26, 20268-K Shareholder vote86
  4. May 19, 20268-K Regulation FD disclosure87
  5. Apr 27, 20268-K Executive or director change88
  6. Apr 24, 20268-K Results of operations; Other events89
  7. Mar 16, 20268-K Regulation FD disclosure90
  8. Jan 30, 20268-K Results of operations; Other events91
  9. Dec 17, 20258-K Executive or director change92
  10. Nov 3, 20258-K Entered a material agreement; Completed an acquisition or sale; Executive or director change93
  11. Oct 24, 20258-K Results of operations; Other events94
  12. Jul 25, 20258-K Results of operations; Other events95
  13. Jun 9, 2021New chief executive David M. Demilia becomes CEO12
  14. Nov 25, 2014New chief executive Scott L. Gruber becomes CEO13
  15. Feb 14, 2008New chief executive Gerald J. Klein Jr. becomes CEO14
  16. Aug 1, 2007New chief executive Gregory J. Hartz becomes CEO15
  17. Feb 13, 2006New chief executive James J. Byrnes becomes CEO19
  18. Jan 25, 2006New chief executive Stephen S. Romaine becomes CEO18
  19. Jan 25, 2006New chief executive Stephen E. Garner becomes CEO17
  20. Jan 25, 2006New chief executive David S. Boyce becomes CEO16

Calendar

Coming up

  1. Oct 23, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $1.65 a share, on Oct 24, 2025.96

When it reported results

  1. Jul 24, 2026Reported quarterly or annual results85
  2. Apr 24, 2026Reported quarterly or annual results89
  3. Jan 30, 2026Reported quarterly or annual results91
  4. Oct 24, 2025Reported quarterly or annual results94
  5. Jul 25, 2025Reported quarterly or annual results95
  6. Apr 25, 2025Reported quarterly or annual results97
  7. Jan 31, 2025Reported quarterly or annual results98
  8. Oct 25, 2024Reported quarterly or annual results99

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

530 filings to the SEC since October 2021: 6 annual reports, 18 quarterly reports, 41 major events, 390 insider forms, 21 large holders, 54 other. The latest 20:

  1. Oct 6, 20264 PRIMARY DOCUMENT EDGAR
  2. Oct 5, 202613F-HR EDGAR
  3. Oct 5, 20264 PRIMARY DOCUMENT EDGAR
  4. Oct 5, 20264 PRIMARY DOCUMENT EDGAR
  5. Oct 5, 20264 PRIMARY DOCUMENT EDGAR
  6. Oct 5, 20264 PRIMARY DOCUMENT EDGAR
  7. Oct 5, 20264 PRIMARY DOCUMENT EDGAR
  8. Oct 2, 20264 PRIMARY DOCUMENT EDGAR
  9. Sep 4, 20264 PRIMARY DOCUMENT EDGAR
  10. Sep 1, 2026N-PX EDGAR
  11. Aug 10, 20264 PRIMARY DOCUMENT EDGAR
  12. Aug 5, 20264 PRIMARY DOCUMENT EDGAR
  13. Aug 3, 20264 PRIMARY DOCUMENT EDGAR
  14. Jul 31, 202610-Q EDGAR
  15. Jul 30, 20264 PRIMARY DOCUMENT EDGAR
  16. Jul 29, 20264 PRIMARY DOCUMENT EDGAR
  17. Jul 28, 20268-K EDGAR
  18. Jul 27, 2026S-3ASR EDGAR
  19. Jul 24, 20268-K EDGAR
  20. Jul 15, 202613F-HR EDGAR

The 530 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

19 open-market trades by officers, directors and large owners since October 2021: 13 buys and 6 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 26, 2026Rahilly Ita MDirectorBuy1,164$85.90$100.0KForm 4
Nov 21, 2025Rahilly Ita MDirectorBuy1,463$68.36$100.0KForm 4
Jan 7, 2025Lee Angela BDirectorBuy286$67.07$19.2KForm 4
Jan 7, 2025Johnson Patricia ADirectorBuy263$67.07$17.6KForm 4
Aug 29, 2024MCClurg John DDirectorBuy127$61.26$7.8KForm 4
Jul 11, 2024Mastin Stacie MSVP, Director of HRSale100$51.00$5.1KForm 4
May 16, 2024Coletti Janet M.DirectorBuy1,000$47.91$47.9KForm 4
Feb 20, 2024Rahilly Ita MDirectorBuy1,982$50.46$100.0KForm 4
May 17, 2023ALEXANDER JOHN EDirectorBuy2,500$53.82$134.6KForm 4
May 9, 2023WEBER ALFRED JDirectorBuy128$54.50$7.0KForm 4
Feb 28, 2023Rahilly Ita MDirectorBuy1,327$75.38$100.0KForm 4
Nov 4, 2022HARTZ GREGORY JEVP, Pres.&CEO Tompkins TrustSale1,574$82.26$129.5KForm 4
Aug 19, 2022FETSKO FRANCIS MEVP, COO, CFO & TreasurerSale805$77.90$62.7KForm 4
May 25, 2022Rahilly Ita MDirectorBuy1,355$73.81$100.0KForm 4
Nov 19, 2021HARTZ GREGORY JEVP, Pres.&CEO Tompkins TrustSale1,934$82.89$160.3KForm 4
Nov 11, 2021Rahilly Ita MDirectorBuy207$84.53$17.5KForm 4
Nov 9, 2021BOYCE DAVID SEVP, Pres. & CEO Tompkins Ins.Sale1,500$84.00$126.0KForm 4
Nov 4, 2021KLEIN GERALD J JREVP Pres&CEO Mahopac BankSale998$82.09$81.9KForm 4
Oct 11, 2021DeMilia David MEVP, Pres of TCB Hudson ValleyBuy1$82.64$100Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Stephen S. RomainePresident & CEO of Tompkins Financial Corporation$887.5K$3.2M106
2025David S. BoyceFormer President & CEO of Tompkins Insurance Agencies$363.1K$1.3M106
2025John M. McKennaPresident of Tompkins Community Bank$519.7K$1.2M106
2025Matthew D. TomazinExecutive Vice President & CFO of Tompkins Financial Corporation$390.8K$904.0K106
2025Alyssa H. FontaineExecutive Vice President, GC & CRO of Tompkins Financial Corporation$373.4K$778.2K106
2025David M. DeMiliaPresident of Tompkins Community Bank Hudson Valley$336.2K$725.3K106
2024Stephen S. RomainePresident & CEO of Tompkins Financial Corporation$854.7K$1.9M106
2024John M. McKennaPresident of Tompkins Community Bank$493.8K$946.1K106
2024David S. BoyceFormer President & CEO of Tompkins Insurance Agencies$397.1K$755.6K106
2024Matthew D. TomazinExecutive Vice President & CFO of Tompkins Financial Corporation$357.6K$721.9K106
2024David M. DeMiliaPresident of Tompkins Community Bank Hudson Valley$324.9K$676.7K106
2023Stephen S. RomainePresident & CEO of Tompkins Financial Corporation$823.5K$2.8M106
2023John M. McKennaPresident of Tompkins Community Bank$473.7K$960.3K106
2023David S. BoyceFormer President & CEO of Tompkins Insurance Agencies$384.0K$870.9K106
2023Matthew D. TomazinExecutive Vice President & CFO of Tompkins Financial Corporation$260.2K$474.4K106

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.2,049,724$193.7M0.0%+47,391
State Street Corp1,207,855$114.2M0.0%+21,501
Tompkins Financial Corp1,117,319$105.6M7.4%−2,024
Vanguard Portfolio Management LLC767,435$72.5M0.0%+13,436
Dimensional Fund Advisors LP607,495$57.4M0.0%+20,029
Vanguard Capital Management LLC570,388$53.9M0.0%+4,451
American Century Companies Inc412,614$39.0M0.0%+105,272
Geode Capital Management, LLC370,542$35.0M0.0%+22,229
Morgan Stanley166,711$15.8M0.0%−480
Northern Trust Corp146,925$13.9M0.0%+9,762
Adage Capital Partners Gp, L.l.c.138,848$13.1M0.0%+25,278
Charles Schwab Investment Management Inc129,450$12.2M0.0%+3,299
Bank of New York Mellon Corp121,234$11.5M0.0%+2,051
Cornell Pochily Investment Advisors, Inc.117,942$11.1M3.0%−3,886
Aqr Capital Management LLC97,778$9.2M0.0%+22,203
Hillsdale Investment Management Inc.94,400$8.9M0.2%+1,300
Invesco Ltd.90,725$8.6M0.0%+14,354
Vanguard Fiduciary Trust Co84,593$8.0M0.0%+3,446
ProShare Advisors LLC75,057$7.1M0.0%−9,584
John G Ullman & Associates Inc67,932$6.4M0.8%−860
Principal Financial Group Inc61,193$5.8M0.0%−199
Goldman Sachs Group Inc59,931$5.7M0.0%−32,479
Bank Of America Corp /de/59,626$5.6M0.0%+2,576
First Trust Advisors LP55,253$5.2M0.0%+49,043
Two Sigma Investments, LP49,109$4.6M0.0%+24,515

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How TOMPKINS FINANCIAL CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTOMPKINS FINANCIAL CORP1
  • CIK0001005817
  • Employer ID (EIN)16-14823573
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company3
  • Incorporated inNew York3
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address118 E Seneca Street, P.O. Box 460, Ithaca, NY 148501
  • Mailing address118 E. Seneca Street, Po Box 460, Ithaca, NY 148501
  • Phone607-274-20781
  • Shares outstanding14,382,905 as of Jul 24, 202610
  • Public float$875.3M as of Jun 30, 20253
  • AuditorKPMG LLP, Stamford, Connecticut PCAOB ID 185; it also attests to the company’s internal control over financial reporting3
  • On EDGAR sinceMay 15, 19961
  • Filings2,532 in all: 4 (1,390), 5 (332), 8-K (194), 13F-HR (108), 10-Q (92), SC 13G/A (73), 3 (56), 11-K (52)1
    All 45 form types

    10-K (31), DEF 14A (29), UPLOAD (17), ARS (16), CORRESP (15), S-8 (13), EFFECT (12), SC 13G (12), S-3 (10), 13F-HR/A (9), 4/A (8), DEFA14A (8), 10-Q/A (6), 10-K/A (5), 3/A (5), 8-K/A (4), PRE 14A (4), S-3/A (4), S-3D (3), 424B3 (2), 5/A (2), S-3ASR (2), S-4 (2), SCHEDULE 13G (2), SCHEDULE 13G/A (2), 15-12G (1), 15F-12G (1), 424B2 (1), 424B5 (1), 8-A12B (1), N-PX (1), NT 10-K (1), NT 11-K (1), POS AM (1), S-4/A (1), S-8 POS (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Jul 31, 2026
    Proxy statement (DEF 14A) Apr 6, 2026
    Latest 8-K (8-K) Jul 28, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock ($.10 Par Value Per Share)TMPNYSE American

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks TOMPKINS FINANCIAL CORP names in Item 1A of its 10-K filed Feb 26, 2026: 25 risks under these headings, as written.3

  • The Company is subject to increased business risk because the Company has a significant concentration of commercial real estate and commercial business loans, repayment of which is often dependent on the cash flows of the borrower.
  • The Company’s agricultural loans are often dependent upon the health of the agricultural industry in the location of the borrower, and the ability of the borrower to repay may be affected by many factors outside of the borrower’s control.
  • The Company could be subject to environmental risks and associated costs on real estate properties that are owned by the Company, collateralize the Company’s loans or to which the Company obtains title.
  • The Company’s business and financial performance are impacted significantly by market interest rates and movements in those rates. The monetary, tax and other policies of governmental agencies, including the Federal Reserve, have a significant impact on interest rates and overall financial market performance over which the Company has no control and which the Company may not be able to anticipate adequately.
  • Adverse developments affecting the banking industry have in the past negatively impacted, and may in the future negatively impact, the Company's results of operations and/or stock price.
  • Declines in asset values may result in impairment charges and may adversely affect the value of the Company’s results of operations, financial condition and cash flows.
  • The Company’s business may be adversely affected by general economic conditions in local and national markets, the possibility of the economy’s return to recessionary conditions, and the possibility of further turmoil or volatility in the financial markets.
  • The Company's business is concentrated in and largely dependent upon the continued growth and welfare of the general geographic markets in which we operate.
  • Liquidity Risk
  • The Company's funding sources may prove insufficient to replace deposits and support future growth.
  • The Company’s liquidity may be adversely affected by the soundness of other financial institutions.
  • An impairment to our goodwill and other intangible assets could adversely affect our financial condition and results of operations.
The other 14 risks
  • The Company relies on cash dividends from its subsidiaries to fund its operations, and payment of those dividends could be discontinued at any time.
  • Operational Risks
  • The Company has been, and may continue to be, adversely affected by fraud.
  • A breach of information or other technological security, including as a result of cyber-attacks, could have a material adverse effect on our business, financial condition and results of operations.
  • The pervasive and ongoing risk of cybersecurity threats and incidents could have a material adverse effect on our business, financial condition and results of operations.
  • The Company's business requires the collection and retention of large volumes of sensitive data, which is subject to extensive regulation and oversight and exposes our business to additional risks.
  • The Company's operations may be adversely affected if its external vendors do not perform as expected or if its access to third-party services is interrupted.
  • Climate change could have a material negative impact on the Company and its clients.
  • Legal, Compliance and Regulatory Risks
  • The Company operates in a highly regulated environment and may be adversely impacted by current or future laws and regulations due to increased compliance costs, potential fines for noncompliance, and restrictions on our ability to offer products or services or buy or sell businesses.
  • The Company may be exposed to regulatory sanctions or liability if we do not timely detect and report money laundering or other illegal activities.
  • We will be subject to heightened regulatory requirements and compliance costs as we approach $10 billion in total consolidated assets.
  • The Company is or may become involved in lawsuits, legal proceedings, information-gathering requests, and investigations by governmental agencies or other parties that may lead to adverse consequences.
  • Strategic Risk
  • The Company is subject to risks presented by acquisitions, which, if realized, could negatively affect our results of operations and financial condition.
  • Our success depends on our ability to offer our customers an evolving suite of products and services, and we may not be able to effectively manage the risks inherent in the development of financial products and services.
  • The implementation and use of new and evolving Artificial Intelligence ("AI") technologies present uncertainties and challenges.

Legal proceedings

The Company is subject to various claims and legal actions that arise in the ordinary course of conducting business. As of December 31, 2025, management, after consultation with legal counsel, does not anticipate that the aggregate ultimate liability arising out of litigation pending or threatened against the Company or its subsidiaries would be material to the Company’s consolidated financial position. On at least a quarterly basis, the Company assesses its liabilities and contingencies in connection with such legal proceedings. Although the Company does not believe that the outcome of pending litigation will be material to the Company’s consolidated financial position, it cannot rule out the possibility that such outcomes will be material to the consolidated results of operations for a particular reporting period in the future.

The opening of Item 3, Legal Proceedings.3

Sources

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