(RTTNews) - Banking and financial services company Tompkins Financial Corp. (TMP) reported Friday a net loss attributable to Tompkins of $33.35 million or $2.35 per share, compared to net income of $21.34 million or $1.48 per share in the prior-year quarter.
The quarterly results were negatively impacted by the sale of $429.6 million of available-for-sale debt securities, which resulted in an after-tax loss on the sale of securities of $47.5 million or $3.34 per share.
Net interest income was $51.01 million, down from $58.11 million, and noninterest income was a loss of $41.62 million, compared to noninterest income of $20.69 million last year.
On average, analysts polled by Thomson Reuters expected the company to report a loss of $2.22 per share on revenues of $72.93 million for the quarter. Analysts' estimates typically exclude special items.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
