TrustCo Bank NY (TRST) Q3 2026 earnings summary

Executive summary

• Q3 2026 net income rose 6.5% YoY to $17.318 million; diluted EPS increased 18.6% to $1.02.

• Higher-yield loan repricing, loan and deposit growth, and lower interest expense lifted net interest income and margin.

• Management cited favorable momentum and a resilient balance sheet, supporting optimism for continued progress into 2027.

Financial highlights

• Q3 net interest income increased 9.1% YoY to $47.0 million; net interest margin expanded 16 bps to 2.95%.

• 9M net income rose to $50.568 million from $45.572 million; diluted EPS was $2.91 versus $2.41.

• 9M net interest income increased to $137.337 million from $125.238 million YoY.

• Non-interest expense, net of ORE income, was $28 million, down $300,000 QoQ.

Outlook and guidance

• Management expects loan and investment repricing, liquidity, and continued loan growth to support net interest income and net income in coming quarters.

• 2026 recurring non-interest expense, net of ORE expense, is expected at $27.8 million-$28.2 million per quarter; anticipated ORE expense is capped at $200,000 per quarter.

• Management expects positive momentum into 2027; a lending-operation announcement is expected in the coming months.