| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 47.81 | 2.6% | 9.7% |
| Total Income | 47.81 | 2.6% | 9.7% |
| Expenditure | 26.49 | 1.4% | 0.8% |
| PBT | 21.32 | 8.1% | 26.1% |
| Net Profit | 16.26 | 8.1% | 26.2% |
| OPM | — | ||
| NPM | 34.01% | 1.73pp | 4.48pp |
| EPS | 0.87 | 10.1% | 27.9% |
TrustCo Reports Q3 2025 Net Income Up 26.3%, NII Up 11.5%
04 May 2026 · 4 May, 8:59 am
Summary
TrustCo Bank Corp NY announced strong financial results for the third quarter of 2025, with net income increasing by 26.3% to $16.3 million. Net interest income rose by 11.5% to $43.1 million, driven by loan growth and higher interest rates. The net interest margin expanded to 2.79%, up 18 basis points from the prior year period. Loan balances increased by $125.9 million, and average deposits were up by $251.1 million.
Key Highlights
- 1
TrustCo's net income for the third quarter of 2025 increased by 26.3% to $16.3 million, or $0.86 diluted earnings per share, compared to the third quarter of 2024.
- 2
Net interest income for Q3 2025 rose by 11.5% year-over-year to $43.1 million.
- 3
The net interest margin expanded to 2.79% in the third quarter of 2025, up 18 basis points from 2.61% in the prior year period.
- 4
Average loans increased by $125.9 million, or 2.5%, for the third quarter of 2025 compared to the same period in 2024.
- 5
Average deposits were up $251.1 million, or 4.8%, for the third quarter of 2025 over the same period in 2024.
- 6
Book value per share as of September 30, 2025, was $37.30, a 6.0% increase compared to $35.19 a year earlier.
- 7
During 2025, 467 thousand shares, or 2.5%, of TrustCo common stock were repurchased under the stock repurchase program.
Management Comments
Robert J. McCormick
Solid strategic vision accompanied by effective tactical decisions throughout the year are combining to create exceptional results and build momentum that we expect will continue to yield favorable returns to our shareholders. Our strategy is to deliver market-leading loan and deposit products, treat people fairly, and build lasting customer relationships. Tactically, we have held the line on cost of funds, grown loans and deposits, and meaningfully impacted our customers and communities through our service to food banks, the Ronald McDonald House Charities, various Veteran groups, and hospitals. The impact is dramatic. Return metrics are up significantly year to date, with ROAA, and ROAE up 18%, and 15%, respectively. Perhaps most dramatically, we impacted shareholder value by executing our share repurchase program, acquiring 467 thousand shares, with authorization remaining. This contributed to earnings per share growth of 22% year to date. A lesser company would be proud to have results like these for the entire year. Staying true to strategic vision consistently yields dividends, literally.
Informational and educational content only. Not investment advice.