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.
Key figures
- Eps
- 1.02
- Revenue
- $47.0 million net interest income
- Revenue Yoy
- 9.1%
- Roae
- 10.57%
- Npl ratio
- 0.39%
- Net income
- 17300000
- Total assets
- $6.5 billion
- Coverage ratio
- 261.8%
- Net income yoy
- 6.5%
- Nim change bps
- 16
- Avg loan growth
- $238.1 million (4.6%)
- Avg deposit growth
- $229.6 million (4.2%)
- Dividend per share
- $0.40 quarterly ($1.60 annualized), +5.3%
- Net interest margin
- 2.95%
- Book value per share
- 38.2
- Shares repurchased 9m 2026
- 1.5 million (8.3% of outstanding)
AI analysis
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