TRUSTCO BANK CORP N Y (TRST) Company Report

TrustCo Bank Corp NY reported a 38% increase in net income to $15.6 million for Q4 2025, with net interest income rising 12.4% to $43.7 million and net interest margin expanding by 22 basis points to 2.82% compared to the prior year quarter.
The company achieved average loan growth of 2.5%, reaching an all-time high of $5.2 billion, driven by increases in home equity lines of credit (13.5%) and residential real estate (1.2%), while total deposits grew by $166 million to $5.6 billion.
TrustCo repurchased 533,000 shares in Q4 2025, totaling 1 million shares (5.3%) for the year, and renewed its stock repurchase program to allow for an additional 2 million shares (11.1%) repurchase in 2026.
Non-performing loans modestly increased to $20.7 million in Q4 2025, representing 0.39% of total loans, up from $18.8 million and 0.37% respectively in Q4 2024.
Management expects 2026 total recurring non-interest expense, net of ORE expense, to be in the range of $27.7-$28.2 million per quarter.

Jan 22, 2026, 2:00 PM

Transcript

TrustCo Bank Corp NY Announces Strong Q4 2025 Financial Results and 2026 Expense Guidance

TRST

Earnings

Share Buyback

Guidance Update

TrustCo Bank Corp NY reported net income of $15.6 million for the fourth quarter of 2025, marking a 38% increase over the prior year quarter.
Net interest income was $43.7 million, an increase of 12.4% compared to the prior year quarter, with the net interest margin at 2.82%, up 22 basis points.
Average loans grew by $126.8 million (2.5%) to an all-time high of $5.2 billion for the fourth quarter of 2025 compared to the prior year quarter.
The company repurchased 533,000 shares of common stock in Q4 2025, totaling 1 million shares (5.3%) year-to-date, and renewed the stock repurchase program to allow for repurchase of up to 2 million additional shares (11.1%) during 2026.
For 2026, total recurring non-interest expense, net of ORE expense, is expected to be in the range of $27.7-$28.2 million per quarter.

Jan 22, 2026, 2:00 PM

Transcript

TrustCo Bank Corp NY Reports Strong Q4 and Full-Year 2025 Financial Results

TRST

Earnings

Share Buyback

Revenue Acceleration/Inflection

TrustCo Bank Corp NY reported Q4 2025 net income of $15.6 million and diluted earnings per share of $0.85, marking increases of 38.0% and 44.1% respectively year-over-year.
For the full year 2025, net income reached $61.1 million and diluted earnings per share was $3.25, compared to $48.8 million and $2.57 in 2024.
The net interest margin expanded to 2.82% in Q4 2025, up 22 basis points from 2.60% in Q4 2024, contributing to a 12.4% increase in net interest income to $43.7 million.
The company repurchased one million shares (5.3%) in 2025 and authorized an additional two million shares (11.1%) for a new stock repurchase program in 2026.
Book value per share increased to $38.08 as of December 31, 2025, a 7.1% rise from $35.56 a year earlier.

Jan 21, 2026, 9:00 PM

8-K

TrustCo Bank Corp NY Reports Strong 2025 Financial Results and Shareholder Return

TRST

Earnings

Share Buyback

TrustCo reported net income of $61.1 million and diluted earnings per share of $3.25 for the year ended December 31, 2025.
For the fourth quarter of 2025, net interest income increased 12.4% to $43.7 million, and net interest margin expanded to 2.82%.
The company's total shareholder return grew 29% over the year, significantly outperforming a major regional bank index and proxy peers.
TrustCo repurchased one million shares, or 5.3%, of common stock in 2025 and authorized an additional program to repurchase two million shares, or 11.1%, for 2026.
Book value per share as of December 31, 2025, was $38.08, an increase from $35.56 a year prior.

Jan 21, 2026, 9:00 PM

Press Release

TrustCo Bank Corp NY Announces New Stock Repurchase Program

TRST

Share Buyback

TrustCo Bank Corp NY (TRST) announced on December 19, 2025, that its Board of Directors approved a new stock repurchase program.
The program authorizes the repurchase of up to 2,000,000 shares of its common stock, representing approximately 11% of its currently outstanding shares.
This new program follows the completion of a previously authorized one-million share repurchase program earlier in December 2025.
Repurchases will be made at management's discretion over the next approximately twelve months.

Dec 19, 2025, 9:14 PM

8-K

TrustCo Bank Corp NY Announces New Stock Repurchase Program

TRST

Share Buyback

TrustCo Bank Corp NY's Board of Directors has approved a new stock repurchase program.
Under this program, TrustCo may repurchase up to 2,000,000 shares of its common stock, which represents approximately 11% of its currently outstanding shares.
The company recently completed a previously authorized one-million share repurchase program earlier this month.
Repurchases will be made at management's discretion over the next approximately twelve months.
Chairman, President, and CEO Robert J. McCormick stated that the program is intended to fulfill the goal of increasing shareholder value.

Dec 19, 2025, 9:00 PM

Press Release

TrustCo Bancorp Announces Strong Q3 2025 Financial Results

TRST

Earnings

Share Buyback

Revenue Acceleration/Inflection

TrustCo Bancorp reported Q3 2025 net income of $16.3 million, a 26.3% increase over the prior year quarter, with a return on average assets of 1.02% and return on average equity of 9.29%. The efficiency ratio also decreased by almost 9% compared to the prior year quarter.
The company experienced significant loan growth, with average loans increasing by 2.5% or $125.9 million to $5.2 billion from Q3 2024, and total deposits growing by $217 million to $5.5 billion compared to the prior year quarter.
Net interest income for Q3 2025 was $43.1 million, an 11.5% increase year-over-year, and net interest margin expanded by 18 basis points to 2.79%.
Asset quality remained robust, with non-performing loans declining to $18.5 million and non-performing loans to total loans decreasing to 0.36% in Q3 2025. The company recorded a net recovery of $176,000 for the quarter.
TrustCo Bancorp repurchased 298,000 shares in Q3 2025, bringing the year-to-date total to 467,000 shares, and plans to complete the remaining 533,000 shares under the current authorization, with intentions to seek approval for further substantial repurchases.

Oct 22, 2025, 1:00 PM

Transcript

TrustCo Bank Corp NY Announces Strong Q3 2025 Results with Increased Net Income and Loan Growth

TRST

Earnings

Share Buyback

TrustCo Bank Corp NY reported strong Q3 2025 financial results, with net income increasing 26.3% to $16.3 million and net interest income rising 11.5% to $43.1 million compared to the prior year quarter. The net interest margin expanded by 18 basis points to 2.79%.
The company achieved significant loan growth, with average loans reaching an all-time high of $5.2 billion, up 2.5% year-over-year, driven by home equity loans (up 15.7%) and commercial loans (up 12.4%). Total deposits also increased by $217 million to $5.5 billion.
Credit quality improved, with non-performing loans declining to $18.5 million and non-performing loans to total loans decreasing to 0.36% in Q3 2025 from Q3 2024. The allowance for credit losses stood at $51.9 million with a coverage ratio of 281%.
TrustCo repurchased 298,000 shares of common stock during Q3 2025, bringing the year-to-date total to 467,000 shares. The company plans to complete the current authorization and seek approval for further substantial repurchases, viewing the stock as undervalued.
Approximately $1 billion in certificates of deposit are set to mature over the next four to six months at an average rate of 3.75%, which the company expects to reprice.

Oct 22, 2025, 1:00 PM

Transcript

TrustCo Bank Corp NY Reports Strong Q3 2025 Financial Results

TRST

Earnings

Share Buyback

TrustCo Bank Corp NY reported a 26.3% increase in net income to $16.3 million, or $0.86 diluted earnings per share, for the third quarter of 2025, compared to $12.9 million, or $0.68 diluted earnings per share, in Q3 2024.
Net interest income grew by 11.5% to $43.1 million in Q3 2025, up from $38.7 million in the prior year period, with the net interest margin expanding by 18 basis points to 2.79%.
The company experienced continued growth, with average loans increasing by $125.9 million and average deposits rising by $251.1 million in Q3 2025 over the same period in 2024.
Credit quality improved, as nonperforming loans (NPLs) declined to $18.5 million as of September 30, 2025, from $19.4 million a year prior, and nonperforming assets (NPAs) to total assets decreased to 0.31% from 0.36%.
During 2025, TrustCo repurchased 467 thousand shares, or 2.5%, of its common stock, with an additional 533 thousand shares, or 2.8%, remaining available under the stock repurchase program.

Oct 21, 2025, 8:57 PM

8-K

TrustCo Bank Corp NY Announces Third Quarter 2025 Financial Results

TRST

Earnings

Share Buyback

Revenue Acceleration/Inflection

TrustCo Bank Corp NY reported a 26.3% increase in net income to $16.3 million, or $0.86 diluted earnings per share, for the third quarter of 2025 compared to the same period in 2024.
Net interest income rose 11.5% to $43.1 million in Q3 2025, with the net interest margin expanding to 2.79% from 2.61% in Q3 2024.
The company experienced growth in Q3 2025 over Q3 2024, with average loans increasing by $125.9 million and average deposits by $251.1 million.
TrustCo repurchased 467 thousand shares (2.5% of common stock) during 2025 under its stock repurchase program, with an additional 533 thousand shares (2.8%) available for future repurchases.
Credit quality improved, with nonperforming loans declining to $18.5 million and nonperforming assets to total assets reducing to 0.31% as of September 30, 2025.