Quarterly ResultApr 21, 2026, 04:03 PM
TrustCo Bank Q1 2026 Net Income Up 14.1% to $16.3M; EPS Rises 21.3%
AI Summary
TrustCo Bank Corp NY reported strong financial results for Q1 2026, with net income increasing 14.1% to $16.3 million and diluted EPS rising 21.3% to $0.91. The growth was driven by a 10.7% increase in net interest income to $44.7 million and a 20 basis point expansion in net interest margin to 2.84%. The company also highlighted sustained loan and deposit growth, effective asset repricing, and a stock repurchase program that bought back 2.9% of common stock.
Key Highlights
- Net income increased 14.1% to $16.3 million.
- Diluted EPS rose 21.3% to $0.91.
- Net interest margin expanded to 2.84%, up 20 basis points.
- Net interest income grew 10.7% to $44.7 million.
- Book value per share was $38.32, up from $36.16 year-over-year.