TRUSTCO BANK CORP N Y (TRST) TrustCo Bank Corp NY functions as the parent entity for Trustco Bank, a federally regulated savings institution. This subsidiary delivers a comprehensive suite of banking solutions, addressing the financial needs of private individuals, partnerships, and corporate clients alike. Its core activities encompass accepting customer deposits, extending loans, and facilitating investment opportunities. Beyond its conventional banking operations, the corporation also holds the status of a real estate investment trust (REIT). In this capacity, it procures, retains, and oversees a portfolio of real estate mortgage assets, including residential home loans and various mortgage-backed securities. Furthermore, TrustCo Bank Corp NY assumes significant fiduciary responsibilities. It serves as an executor for estates and acts as a trustee for personal trusts. The company also provides specialized asset and wealth management, insightful estate planning guidance, and secure custodial services. Additionally, it administers a range of employee benefit plans, corporate pension schemes, and profit-sharing trusts as a dedicated trustee. By the close of 2021 (December 31st), its extensive operational network included 147 banking branches and 163 automated teller machines (ATMs). These facilities are strategically located across five states: New York, New Jersey, Vermont, Massachusetts, and Florida. Established in 1902, the company maintains its principal executive offices in Glenville, New York.
Sector: State Commercial Banks
Industry: Banks - Regional
TrustCo Bank Corp NY NASDAQ:TRST Financial Services · Banks - Regional
Mkt Cap $992.21M
Div Yield 2.65%
Prev close $57.30 Open $58.48 Now $58.27 VOL 13K $ Vol $743K RVOL 0.12x
Mkt Cap $992.21M
VOL 13K sh
$ Vol $743K
RVOL 0.12×
Div Yield 2.65%
Press Release ⚠ 3
TrustCo’s Positive Momentum Yields 6.5% Net Income Increase; $17.3 Million for Third Quarter of 2026
TrustCo reported Q3 2026 net income of $17.3 million, up 6.5% YoY, with diluted EPS of $1.02 up 18.6% from $0.86, aided by ongoing share repurchases.
Net interest income rose 9.1% to $47.0 million and net interest margin expanded 16 bps to 2.95%, driven by loan repricing and lower funding costs; average loans and deposits grew 4.6% and 4.2%, respectively.
The bank raised its quarterly dividend 5.3% to $0.40 per share and has repurchased 8.3% of shares outstanding year-to-date, on pace to retire 15.8% by year-end.
Asset quality remains stable with NPLs at 0.39% of loans, though the provision for credit losses rose to $850 thousand on loan growth and forward-looking economic assumptions.
• 18d ago AI analysis › Press Release
TrustCo to Release Third Quarter 2026 Results on October 21, 2026; Conference Call on October 22, 2026
TrustCo Bank Corp NY will release third quarter 2026 results after market close on October 21, 2026.
A conference call to discuss the results is scheduled for 9:00 a.m. Eastern Time on October 22, 2026, with dial-in and webcast access provided.
TrustCo is a $6.5 billion savings and loan holding company operating 133 offices across five states; this is a scheduling notice only, with no results disclosed.
• 26d ago AI analysis › Press Release
TrustCo Announces Addition of Patricia Fusco and Bryan L. Guentner to Board of Directors
TrustCo Bank Corp NY elected Patricia Kieper-Fusco and Bryan L. Guentner to its Board of Directors on September 15, 2026, effective immediately, with both also joining the board of its wholly-owned subsidiary Trustco Bank.
Kieper-Fusco runs Latham, New York staffing firm Fusco Personnel, and Guentner is a Sarasota, Florida real estate broker and former RE/MAX franchise owner; both previously served on the Trustco Bank Advisory Board.
Chairman and CEO Robert J. McCormick said the additions bring human-resources expertise and deep knowledge of West Coast Florida real estate markets, where the bank has been successful. TrustCo operates 133 offices across New York, New Jersey, Vermont, Massachusetts, and Florida as a $6.5 billion holding company.
• 1mo ago AI analysis › Press Release
TrustCo Increases Dividend 5.3%: Long-Term Commitment to Payouts Supported by Solid Earnings and Strong Capital Position More Great News For Our Shareholders
TrustCo Bank Corp NY declared a new quarterly cash dividend of $0.40 per share, an increase of 5.3% over the prior dividend amount.
The annualized payout rises to $1.60 per share, payable October 1, 2026 to shareholders of record on September 4, 2026.
Management attributed the increase to solid earnings and a strong balance sheet, which also supports a robust share repurchase program.
• 2mo ago AI analysis › Press Release ● Major ⚠ 1
TrustCo Reports 12.8% Increase in Net Income for the Second Quarter of 2026 to $17 Million
TrustCo Bank Corp NY reported strong Q2 2026 results with net income increasing 12.8% year-over-year to $17.0 million and diluted EPS rising 24.1% to $0.98.
Growth was driven by a 9.2% increase in net interest income to $45.6 million and a 16 basis point expansion in net interest margin to 2.87%, supported by 3.8% growth in both average loans and deposits.
The company continued its aggressive capital return strategy, repurchasing 10.5% of outstanding common stock over the past 18 months, with plans to buy back an additional million shares by year-end.
• 3mo ago AI analysis › Press Release
TrustCo to Release Second Quarter 2026 Results on July 21, 2026; Conference Call on July 22, 2026
TrustCo announced that it will release its second quarter 2026 financial results after the market closes on July 21, 2026.
A conference call to discuss the results is scheduled for the following day, July 22, 2026, at 9:00 a.m. Eastern Time.
TrustCo operates as a $6.5 billion savings and loan holding company with 132 offices across New York, New Jersey, Vermont, Massachusetts, and Florida.
• 3mo ago AI analysis › Press Release
TrustCo Announces Declaration of Quarterly Dividend of $0.38 Per Share; Notes Strong Shareholder Support at 2026 Annual Meeting
TrustCo Bank Corp NY declared a quarterly cash dividend of $0.38 per share, payable July 1, 2026 to shareholders of record on June 5, 2026.
The annualized dividend rate remains at $1.52 per share, reflecting the company's continued commitment to its capital return policy.
CEO Robert J. McCormick cited strong shareholder support for directors and executive compensation at the recent annual meeting as a vote of confidence in the bank's management and capital policies.
• 5mo ago AI analysis › Press Release ● Major ⚠ 1
TrustCo Reports First Quarter 2026 Net Income of $16.3 Million; Notes Loan Portfolio Repricing
TrustCo reported strong Q1 2026 results with net income rising 14.1% year-over-year to $16.3 million and diluted EPS increasing 21.3% to $0.91.
Performance was driven by a 20 basis point expansion in net interest margin to 2.84% and a 10.7% increase in net interest income to $44.7 million, supported by loan portfolio repricing.
The company repurchased 522,226 shares, or 2.9% of its outstanding common stock, during the quarter and remains on track to repurchase 11.1% of shares by year-end.
• 6mo ago AI analysis › 
