The combination of accelerating NIM expansion (2.95% vs 2.79% a year ago), consistent loan/deposit growth, and aggressive capital return (dividend hike + buybacks) reinforces the positive trend. Watch the Q4 2026 earnings for continued margin expansion and whether the pace of share repurchases sustains into 2027.
Price Chart
Executive Summary
TrustCo Bank Corp NY reported Q3 2026 net income of $17.3M ($1.02 diluted EPS), up 6.5% YoY from $16.3M ($0.86), driven by 9.1% net interest income growth to $47.0M and a 16bps NIM expansion to 2.95%. The bank also increased its quarterly dividend by 5.3% to $0.40/share and repurchased 500K shares in the quarter, continuing aggressive capital return. The consistent loan/deposit growth and margin expansion signal sustained operational momentum, though the provision for credit losses increased to $850K from $250K a year ago.
Key Financial Metrics
Key Facts
- Diluted EPS of $1.02, up 18.6% YoY from $0.86
- Net interest income of $47.0M, up 9.1% YoY from $43.1M
- Net interest margin expanded 16bps to 2.95%
- Net income of $17.3M, up 6.5% YoY
- Average loans increased 4.6% YoY to $238.1M
- Average deposits increased 4.2% YoY to $229.6M
- Quarterly dividend increased 5.3% to $0.40/share
- Repurchased 500K shares in Q3 2026 (2.9% of outstanding)
- Provision for credit losses increased to $850K from $250K YoY
- Book value per share $38.20, up 2.4% YoY
Financial Impact
Net income increased $1.06M YoY to $17.3M; EPS grew $0.16 YoY
Risk Factors
- Provision for credit losses increased 240% YoY to $850K, driven by loan growth and economic assumptions
- Equity-to-assets ratio declined to 9.72% from 10.90% a year ago due to buybacks
- Nonperforming loans increased to $21.1M from $18.5M YoY, though still well-covered at 261.8% ACL coverage
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001140361-26-040403 |
| Document: ef20084125_8k.htm | 0001140361-26-040403 |
| Document: 0001140361-26-040403-index-headers.html | 0001140361-26-040403 |
| Document: 0001140361-26-040403-index.html | 0001140361-26-040403 |
| Document: 0001140361-26-040403.txt | 0001140361-26-040403 |
| 8-K Data (Synthetic) | 0001140361-26-040403 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | 8-K | $55.47 $55.73 | ▲ +0.47% | ▲ +0.99% | $56.40 (+1.68%) |
Oct 21, 2026 6d ago | Press Release | $55.47 $55.73 | ▲ +0.47% | ▲ +0.99% | $56.40 (+1.68%) |
Oct 13, 2026 14d ago | 8-K | $53.87 $54.02 | ▲ +0.28% | ▼ −0.01% | $56.40 (+4.70%) |
Oct 13, 2026 14d ago | Press Release | $53.87 $54.02 | ▲ +0.28% | ▼ −0.01% | $56.40 (+4.70%) |
Jul 21, 2026 14w ago | 8-K | $55.94 $56.45 | ▲ +0.91% | ▲ +2.15% | $56.40 (+0.82%) |
Jul 21, 2026 14w ago | Press Release | $55.94 $56.45 | ▲ +0.91% | ▲ +2.15% | $56.40 (+0.82%) |
Jul 10, 2026 15w ago | 8-K | $54.68 $54.59 | ▼ −0.17% | ▼ −0.53% | $56.40 (+3.15%) |
Jul 10, 2026 15w ago | Press Release | $54.68 $54.59 | ▼ −0.17% | ▼ −0.53% | $56.40 (+3.15%) |
May 22, 2026 22w ago | S-3ASR | $50.26 $51.37 | ▲ +2.21% | ▲ +1.62% | $56.40 (+12.22%) |
May 20, 2026 22w ago | 8-K | $50.08 $49.90 | ▼ −0.36% | ▼ −0.80% | $56.40 (+12.63%) |
US Market Status
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