TrustCo Q1 net income rises to $16.3 million; net interest income increases 10.7% to $44.7 million
TrustCo Bank Corp NY TRST | 0.00 |
- TrustCo Bank posted net income of $16.3 million for Q1 2026, rising from the year-earlier quarter; diluted EPS increased to $0.91.
- Net interest income climbed 10.7% to $44.7 million, lifting net interest margin 20 basis points to 2.84%.
- Provision for credit losses increased $650,000 to $950,000, while noninterest expense rose 2.5% to $27 million.
- Nonperforming loans edged up to $21.5 million, pushing nonperforming loans-to-total loans to 0.41%.
- Shareholders’ equity fell to $670.9 million; TrustCo repurchased 522,226 shares for $23.3 million at an average $44.61, leaving 1,477,774 shares authorized under its program.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TrustCo Bank Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-020000), on May 08, 2026, and is solely responsible for the information contained therein.
