The combination of double-digit EPS growth, margin expansion, and active share repurchases signals sustained operational momentum. Monitor the Q4 2026 net interest margin trajectory and loan growth pace for confirmation of continued repricing benefits.
Price Chart
Executive Summary
TrustCo Bank Corp NY reported Q3 2026 diluted EPS of $1.02, up 18.6% YoY from $0.86, and net interest income of $47.0M (+9.1% YoY). Net interest margin expanded 16 bps to 2.95%, driven by loan repricing and lower funding costs. The bank also increased its quarterly dividend by 5.3% to $0.40/share and repurchased 500K shares in the quarter. No consensus estimates were provided, so the report is evaluated on absolute performance.
Key Financial Metrics
Key Facts
- Diluted EPS of $1.02, up 18.6% from $0.86 in Q3 2025
- Net interest income of $47.0M, up 9.1% YoY
- Net interest margin expanded 16 bps to 2.95% from 2.79%
- Net income of $17.3M, up 6.5% YoY
- Dividend increased 5.3% to $0.40 per share quarterly
- Repurchased 500K shares (2.9% of outstanding) in Q3 2026
- Average loans grew 4.6% YoY; average deposits grew 4.2% YoY
- Nonperforming loans to total loans at 0.39%, stable vs 0.36% a year ago
- Book value per share $38.20, up 2.4% YoY
Financial Impact
EPS grew 18.6% YoY, net interest income up 9.1%, dividend increased 5.3%
Risk Factors
- Provision for credit losses increased to $850K from $250K YoY, driven by loan growth and economic assumptions
- Nonperforming loans rose to $21.1M from $18.5M YoY, though still well-covered at 261.8% allowance coverage
- Equity-to-assets ratio declined to 9.72% from 10.90% YoY due to share repurchases
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3385873 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $55.47 $55.73 | ▲ +0.47% | ▲ +0.99% | $56.40 (+1.68%) |
Oct 21, 2026 5d ago | Press Release | $55.47 $55.73 | ▲ +0.47% | ▲ +0.99% | $56.40 (+1.68%) |
Oct 13, 2026 13d ago | 8-K | $53.87 $54.02 | ▲ +0.28% | ▼ −0.01% | $56.40 (+4.70%) |
Oct 13, 2026 13d ago | Press Release | $53.87 $54.02 | ▲ +0.28% | ▼ −0.01% | $56.40 (+4.70%) |
Jul 21, 2026 13w ago | 8-K | $55.94 $56.45 | ▲ +0.91% | ▲ +2.15% | $56.40 (+0.82%) |
Jul 21, 2026 13w 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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