TrustCo Bank Reports Q3 2026 Earnings Growth Driven by Net Interest Income Expansion
TrustCo Bank (TRST) reported strong third-quarter 2026 financial results, highlighted by a 18.6% increase in diluted earnings per share to $1.02 and a 6.5% rise in net income to $17.3 million. The bank's performance was bolstered by an expansion in Net Interest Margin to 2.95%, driven by asset repricing across its loan portfolio and effective deposit management strategies. While the bank saw growth in average loans and total deposits, management noted a modest increase in nonperforming loans to $21.1 million. Despite these credit fluctuations, TrustCo maintained disciplined capital allocation through an increased quarterly dividend of $0.40 per share and significant share repurchases. The company continues to leverage its wealth management segment as a key source of recurring noninterest income.
Tickers: $TRST
Topics: Deposits EPS Loan Growth Net Income Net Interest Margin