TRST Q1 net income +14% to $16.3M; margin expands 20bp; $23.9M buyback executed

Filed May 8, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 9, 2025 · ~2 min read

Key Changes

• high

  Net income rose 14% YoY to $16.3M ($0.91 diluted EPS vs. $0.75), driven by net interest margin expansion to 2.84% from 2.64% as deposit costs fell 13bp while loan yields held.

  MD&A: Earnings & Margin verify on EDGAR →
• high

  Company repurchased 522,226 shares for $23.9M under a new 2M-share authorization (11% of outstanding), up from zero repurchases in Q1 2025; quarterly dividend raised to $0.38 from $0.36 while payout ratio fell to 41.4% from 48.0%.

  MD&A: Capital Allocation verify on EDGAR →
• medium

  Provision for credit losses tripled to $950K from $300K on loan growth and economic conditions; nonperforming loans rose 14% to $21.5M (0.41% of loans) though coverage remains strong at 247%.

  MD&A: Credit Quality verify on EDGAR →