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TMP (Tompkins Financial) Piotroski F-Score : 5 (As of Oct. 31, 2024)


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What is Tompkins Financial Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Tompkins Financial has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Tompkins Financial's Piotroski F-Score or its related term are showing as below:

TMP' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Tompkins Financial was 8. The lowest was 3. And the median was 5.


Tompkins Financial Piotroski F-Score Historical Data

The historical data trend for Tompkins Financial's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tompkins Financial Piotroski F-Score Chart

Tompkins Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 7.00 5.00 5.00

Tompkins Financial Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 5.00 5.00 5.00 -

Competitive Comparison of Tompkins Financial's Piotroski F-Score

For the Banks - Regional subindustry, Tompkins Financial's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tompkins Financial's Piotroski F-Score Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Tompkins Financial's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Tompkins Financial's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Jun24) TTM:Last Year (Jun23) TTM:
Net Income was -33.354 + 15.003 + 16.872 + 15.682 = $14.2 Mil.
Cash Flow from Operations was 25.323 + 18.931 + 23.241 + 27.282 = $94.8 Mil.
Revenue was 8.33 + 70.163 + 72.812 + 72.729 = $224.0 Mil.
Average Total Assets from the begining of this year (Jun23)
to the end of this year (Jun24) was
(7626.238 + 7691.162 + 7819.749 + 7778.034 + 7869.522) / 5 = $7756.941 Mil.
Total Assets at the begining of this year (Jun23) was $7,626.2 Mil.
Long-Term Debt & Capital Lease Obligation was $773.6 Mil.
Total Assets was $7,869.5 Mil.
Total Liabilities was $7,193.4 Mil.
Net Income was 21.34 + 19.548 + 19.381 + 8.475 = $68.7 Mil.

Revenue was 77.674 + 74.636 + 73.63 + 63.395 = $289.3 Mil.
Average Total Assets from the begining of last year (Jun22)
to the end of last year (Jun23) was
(7842.461 + 7779.941 + 7670.686 + 7644.371 + 7626.238) / 5 = $7712.7394 Mil.
Total Assets at the begining of last year (Jun22) was $7,842.5 Mil.
Long-Term Debt & Capital Lease Obligation was $387.1 Mil.
Total Assets was $7,626.2 Mil.
Total Liabilities was $6,989.8 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Tompkins Financial's current Net Income (TTM) was 14.2. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Tompkins Financial's current Cash Flow from Operations (TTM) was 94.8. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jun23)
=14.203/7626.238
=0.00186239

ROA (Last Year)=Net Income/Total Assets (Jun22)
=68.744/7842.461
=0.00876562

Tompkins Financial's return on assets of this year was 0.00186239. Tompkins Financial's return on assets of last year was 0.00876562. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Tompkins Financial's current Net Income (TTM) was 14.2. Tompkins Financial's current Cash Flow from Operations (TTM) was 94.8. ==> 94.8 > 14.2 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=773.627/7756.941
=0.09973352

Gearing (Last Year: Jun23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun23
=387.1/7712.7394
=0.05018969

Tompkins Financial's gearing of this year was 0.09973352. Tompkins Financial's gearing of last year was 0.05018969. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Jun24)=Total Assets/Total Liabilities
=7869.522/7193.429
=1.09398758

Current Ratio (Last Year: Jun23)=Total Assets/Total Liabilities
=7626.238/6989.797
=1.09105286

Tompkins Financial's current ratio of this year was 1.09398758. Tompkins Financial's current ratio of last year was 1.09105286. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Tompkins Financial's number of shares in issue this year was 14.24. Tompkins Financial's number of shares in issue last year was 14.347. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=14.203/224.034
=0.06339663

Net Margin (Last Year: TTM)=Net Income/Revenue
=68.744/289.335
=0.2375931

Tompkins Financial's net margin of this year was 0.06339663. Tompkins Financial's net margin of last year was 0.2375931. ==> Last year's net margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun23)
=224.034/7626.238
=0.02937674

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun22)
=289.335/7842.461
=0.03689339

Tompkins Financial's asset turnover of this year was 0.02937674. Tompkins Financial's asset turnover of last year was 0.03689339. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+0+1+1+0+0
=5

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Tompkins Financial has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Tompkins Financial  (AMEX:TMP) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Tompkins Financial Piotroski F-Score Related Terms

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Tompkins Financial Business Description

Traded in Other Exchanges
Address
118 East Seneca Street, P.O Box 460, Ithaca, NY, USA, 14851
Tompkins Financial Corp is a Financial Holding Company. It has three business segments, consisting of banking, insurance and wealth management. It offers various products and services, including commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, and insurance. Insurance is comprised of property and casualty insurance services and employee benefit consulting. Wealth management activities include the results of the company's trust, financial planning, and wealth management services. The company generates majority of its revenue from Banking segment.
Executives
John D Mcclurg director PO BOX 460, ITHACA NY 14851
Ita M Rahily director P.O. BOX 460, ITHACA NY 14851
David Kershaw officer: SVP, PAO PO BOX 460, ITHACA NY 14851
Charles J Guarino officer: SVP Chief Bank Operations Off. 220 LIBERTY STREET, WARSAW NY 14569
Matthew D Tomazin officer: EVP, CFO & Treasurer PO BOX 460, ITHACA NY 14851
Johanna B Anderson officer: Officer: EVP, Pres., TCB CNY PO BOX 460, ITHACA NY 14851
Angela B Lee director PO BOX 460, ITHACA NY 14851
Nancy E. Catarisano director 27 FAIRPORT DRIVE, FAIRPORT NY 14450
Alfred J Weber director 5 FOXGLOVE LANE, READING PA 19606
Diane D Torcello officer: EVP & President, Tompkins WNY PO BOX 460, ITHACA NY 14851
Gregory J Hartz officer: Executive Vice Pres. C/O TOMPKINS TRUSTCO, INC., P.O. BOX 460, ITHACA NY 14851
Francis M Fetsko officer: EVP, CFO, Treasurer C/O TOMKINS TRUSTCO, INC., PO BOX #460, ITHACA NY 14851
Ginger G Kunkel officer: President TCB Pennsylvania 389 COAL MOUNTAIN ROAD, ORWIGSBURG PA 17961
Scott L Gruber officer: EVP, Pres & CEO, VIST Bank 1240 BROADCASTING RD., WYOMISSING PA 19610
John M Mckenna officer: EVP, Tompkins Bank of Castile P.O. BOX 460, ITHACA NY 14851

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