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Tompkins Financial (Tompkins Financial) Effective Interest Rate on Debt % : 25.30% (As of Dec. 2023)


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What is Tompkins Financial Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Tompkins Financial's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $113.7 Mil. Tompkins Financial's average total debt for the quarter that ended in Dec. 2023 was $449.5 Mil. Therefore, Tompkins Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 25.30%.


Tompkins Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for Tompkins Financial's Effective Interest Rate on Debt % 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.

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Tompkins Financial Effective Interest Rate on Debt % Chart

Tompkins Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.74 6.08 8.71 10.13 19.67

Tompkins Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % 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 20.86 19.40 22.38 28.60 25.30

Competitive Comparison of Tompkins Financial's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Tompkins Financial's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Tompkins Financial's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Tompkins Financial's Effective Interest Rate on Debt % falls into.



Tompkins Financial Effective Interest Rate on Debt % Calculation

Tompkins Financial's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -87.844/( (291.3+602.1)/ 2 )
=-1  *  -87.844/446.7
=19.67 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=125 + 477.1
=602.1

Tompkins Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -113.704/( (296.8+602.1)/ 2 )
=-1  *  -113.704/449.45
=25.30 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=125 + 477.1
=602.1

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Tompkins Financial  (AMEX:TMP) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Tompkins Financial Effective Interest Rate on Debt % Related Terms

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Tompkins Financial (Tompkins Financial) Business Description

Industry
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.
Executives
Charles J Guarino officer: SVP Chief Bank Operations Off. 220 LIBERTY STREET, WARSAW NY 14569
David Kershaw officer: SVP, PAO PO BOX 460, ITHACA NY 14851
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
Alfred J Weber director 5 FOXGLOVE LANE, READING PA 19606
John D Mcclurg director PO BOX 460, ITHACA NY 14851
Nancy E. Catarisano director 27 FAIRPORT DRIVE, FAIRPORT NY 14450
Angela B Lee director PO BOX 460, ITHACA NY 14851
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
Ita M Rahily director P.O. 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

Tompkins Financial (Tompkins Financial) Headlines