TrustCo Bank Q3 net interest income rises on loan growth, higher yields

TrustCo Bank NY

21/10/2026 21:09

Overview
U.S. savings and loan's Q3 net interest income rose 9.1% yr/yr, driven by loan growth
Q3 diluted EPS increased 18.6% yr/yr
Company raised dividend and repurchased 13.2% of shares in first nine months of 2026

Outlook
TrustCo expects continued net income and net interest income growth in coming quarters
Company expects to maintain positive momentum into 2027 despite dynamic interest-rate environment
Loan portfolio growth expected to enhance net interest income in future quarters

Result Drivers
LOAN GROWTH AND HIGHER YIELDS - Co said net interest income growth was driven by loan growth at higher rates and lower interest expense
DEPOSIT GROWTH - Co attributed deposit growth to relationship banking and competitive offerings, supporting loan growth
ASSET REPRICING - Co said upward repricing of loans and investments improved asset yields

Company press release: ID:nGNX8rmQSy

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
 
$1.02
 
Q3 Net Income
 
$17.32 mln
 
Q3 Net Interest Income
 
$47.04 mln
 
Q3 Credit Loss Provision
 
$850,000
 
Q3 Net Interest Margin
 
2.95%
 

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(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.)