The combination of margin expansion, loan/deposit growth, and aggressive buybacks supports continued EPS momentum.
Price Chart
Executive Summary
TrustCo Bank Corp NY reported Q2 2026 diluted EPS of $0.98, up 24.1% YoY from $0.79, driven by 9.2% net interest income growth to $45.6M and net interest margin expansion to 2.87%. Aggressive share repurchases (1M shares in H1 2026) amplified EPS growth, while nonperforming loans increased modestly. No consensus estimates were available, but the YoY comparisons show strong operational momentum.
Key Financial Metrics
Key Facts
- Diluted EPS $0.98 vs $0.79 YoY, up 24.1%
- Net interest income $45.6M, up 9.2% YoY
- Net interest margin 2.87%, up 16 bps YoY
- Net income $17.0M, up 12.8% YoY
- Average loans and deposits each grew 3.8% YoY
- Book value per share $38.53, up 4.8% YoY
- Repurchased 1M shares in H1 2026; on pace for 3M total by year-end (15.8% of outstanding)
- Included $844K unrealized gain on Visa Class B-2 share conversion (non-recurring)
- Nonperforming loans increased to $21.8M from $17.9M YoY (0.40% vs 0.35% of total loans)
Financial Impact
EPS grew 24.1% YoY to $0.98, net income up 12.8% to $17.0M, net interest margin expanded 16 bps to 2.87%
Risk Factors
- Rising nonperforming loans ($21.8M vs $17.9M YoY) could pressure credit quality
- Non-recurring $844K Visa gain inflates reported net income
- Potential interest rate headwinds if deposit costs rise faster than asset yields
- Share repurchase pace may slow if capital ratios decline further (equity/assets fell to 10.05% from 10.91% YoY)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3330936 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 4d ago | 8-K | $55.47 $55.73 | ▲ +0.47% | ▲ +0.99% | $56.38 (+1.64%) |
Oct 21, 2026 4d ago | Press Release | $55.47 $55.73 | ▲ +0.47% | ▲ +0.99% | $56.38 (+1.64%) |
Oct 13, 2026 12d ago | 8-K | $53.87 $54.02 | ▲ +0.28% | ▼ −0.01% | $56.38 (+4.66%) |
Oct 13, 2026 12d ago | Press Release | $53.87 $54.02 | ▲ +0.28% | ▼ −0.01% | $56.38 (+4.66%) |
Jul 21, 2026 13w ago | 8-K | $55.94 $56.45 | ▲ +0.91% | ▲ +2.15% | $56.38 (+0.79%) |
Jul 21, 2026 13w ago | Press Release | $55.94 $56.45 | ▲ +0.91% | ▲ +2.15% | $56.38 (+0.79%) |
Jul 10, 2026 15w ago | 8-K | $54.68 $54.59 | ▼ −0.17% | ▼ −0.53% | $56.38 (+3.11%) |
Jul 10, 2026 15w ago | Press Release | $54.68 $54.59 | ▼ −0.17% | ▼ −0.53% | $56.38 (+3.11%) |
May 22, 2026 22w ago | S-3ASR | $50.26 $51.37 | ▲ +2.21% | ▲ +1.62% | $56.38 (+12.18%) |
May 20, 2026 22w ago | 8-K | $50.08 $49.90 | ▼ −0.36% | ▼ −0.80% | $56.38 (+12.59%) |
US Market Status
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