TRUSTCO BANK CORP N Y

TrustCo Bank Corp NY reported strong financial results for Q2 2026, with diluted earnings per share increasing 24.1% to $0.98 and net income rising 12.8% to $17.0 million. Net interest income grew 9.2% to $45.6 million, and net interest margin expanded to 2.87%. The company also highlighted its ongoing stock repurchase program, having acquired over one million shares in H1 2026 and being on track to repurchase a total of three million shares (15.8% of common stock) by year-end 2026.

TrustCo Bank Corp NY reported strong financial results for the second quarter of 2026, with net income increasing 12.8% to $17.0 million and diluted EPS rising 24.1% to $0.98. The company saw a 9.2% increase in net interest income to $45.6 million and an expansion of its net interest margin to 2.87%. Both average loans and deposits grew by 3.8%, and TrustCo continued its share repurchase program, acquiring 10.5% of its outstanding common stock in the first half of the year.

TrustCo Bank Corp NY announced that it will release its second quarter 2026 financial results after the market closes on July 21, 2026. Following the release, the company will host a conference call to discuss these results on July 22, 2026, at 9:00 a.m. Eastern Time. The announcement provides details for participating in the call via dial-in or audio webcast.

TrustCo Bank Corp NY announced the schedule for its second quarter 2026 financial results. The company plans to release its Q2 2026 results after the market closes on July 21, 2026. A conference call to discuss these results will follow on July 22, 2026, at 9:00 a.m. Eastern Time, with dial-in and webcast options available for participants.

TrustCo Bank Corp NY held its 2026 Annual Meeting, where shareholders approved an amendment to the 2019 Equity Incentive Plan, increasing the aggregate number of shares available for issuance by 500,000 to 1,200,000. All director nominees were elected, executive compensation was approved on an advisory basis, and Crowe LLP was ratified as the independent auditor. The company also highlighted strong performance, including a 2025 net income of $61 million, share repurchases of 1 million shares in 2025, and a 5.6% increase in its annual dividend to $1.52 per share.

TrustCo Bank Corp NY's Board of Directors declared a quarterly cash dividend of $0.38 per share, or $1.52 annualized, payable on July 1, 2026, to shareholders of record on June 5, 2026. Chairman, President, and CEO Robert J. McCormick expressed satisfaction that the company's performance continues to support its long-standing commitment to a meaningful quarterly dividend, viewing recent shareholder support as a vote of confidence in the bank's management and capital policies. TrustCo Bank Corp NY is a $6.5 billion savings and loan holding company operating 132 offices across five states.

TrustCo Bank Corp NY reported a strong first quarter for 2026, with net income increasing to $16.29 million and basic earnings per share rising to $0.91. Net interest income also saw a significant increase of 10.7% year-over-year. However, the company experienced a substantial increase in its provision for credit losses and a decrease in comprehensive income due to unrealized losses on available-for-sale securities. Total assets and deposits grew compared to the end of 2025.

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.

TrustCo Bank Corp NY announced it will release its first quarter 2026 financial results after the market closes on April 21, 2026. Following the release, the company will host a conference call on April 22, 2026, to discuss the results with investors and analysts. This is a standard procedural announcement for the company's quarterly reporting cycle.