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Albany Int’l, Tompkins Financial Report 3Q Earnings

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Albany International, which has operations in Homer, reported its third quarter results after the markets closed Monday.

The company says net income was $13.1 million, compared to $9.7 million in the third quarter of 2015.

Net sales were up 7% from a year ago.

tompkins-financialTompkins Financial Corporation President and CEO Stephen Romaine says the third quarter was the best in company history.

Net income of $14.9 million was up 2.5% compared to a year ago.

Romaine credits solid growth in loans and deposits and the opening of the first Syracuse office.

The Board of Directors declared a regular quarterly cash dividend of $.45 per share, up a penny from same quarter last year.

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