Earnings ·
TrustCo Bank reports Q3 net income of $17.3M, up 6.5%, and raises quarterly dividend to $0.40 per share
TRSTTrustco Bank Corp N Y
TrustCo Bank Corp NY reported third-quarter 2026 net income of $17.3 million, or diluted earnings per share of $1.02, compared to $16.3 million, or $0.86, in the prior-year period. Net interest income rose 9.1% year over year to $47.0 million as the net interest margin expanded 16 basis points to 2.95%. The company declared a quarterly cash dividend of $0.40 per share, representing a 5.3% increase from the previous quarter's payout. TrustCo also continued its stock repurchase program, having acquired over 1.5 million shares in the first nine months of 2026. TrustCo Bank Corp NY is a savings and loan holding company operating banking offices across New York, New Jersey, Vermont, Massachusetts, and Florida.