TrustCo Bank's Q3 net income rises 26.3% as deposits grow

TrustCo Bank NY

21/10/2025 21:11

Overview

TrustCo Q3 net income rises 26.3% yr/yr to $16.3 mln, driven by higher net interest income

Net interest income for Q3 increased 11.5% yr/yr to $43.1 mln

TrustCo repurchased 467,000 shares, 2.5% of total, under stock buyback program

Outlook

TrustCo Bank expects continued net interest income growth in upcoming quarters

Company anticipates ongoing asset yield improvement due to loan repricing

TrustCo Bank maintains strong liquidity to support future growth

Result Drivers

LOAN REPRICING - Higher yields from loan portfolio repricing contributed to increased net interest income

LOAN AND DEPOSIT GROWTH - Average loans increased by $125.9 mln and deposits by $251.1 mln, supporting income growth

CREDIT QUALITY - Improvement in credit quality with a decrease in nonperforming loans

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.86
Q3 Net Income
$16.25 mln
Q3 Net Interest Income
$43.11 mln
Q3 Credit Loss Provision
$250,000
Q3 Net Interest Margin
2.79%


Press Release: ID:nGNXcDg7B

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)