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Update: Tompkins Financial Shares Rise After Q2 Beat

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(Updates with recent stock movement in headline and first paragraph, and dividend boost in sixth)

Tompkins Financial (TMP) shares were up over 6% in Friday afternoon trading following better-than-expected Q2 results.

Earlier, the company reported Q2 earnings of $2.04 per diluted share, up from $1.50 a year earlier.

Two analysts polled by FactSet expected $1.82.

Revenue for the quarter ended June 30, expressed as the sum of net interest income and total noninterest income, was $87.1 million, up from $82.6 million a year earlier.

Two analysts expected $86.9 million.

Tompkins raised its quarterly dividend to $0.70 per share from $0.67, payable on Aug. 14 to shareholders of record Aug. 7.

Price: $98.34, Change: $+5.69, Percent Change: +6.14%

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