TrustCo Q2 net income +13% to $17.0M as margin expands 16bp; buyback accelerates to $24.3M

Filed August 10, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~2 min read

Key Changes

• high

  Net income rose 12.8% to $17.0M and diluted EPS climbed 24.1% to $0.98, driven by net interest margin expansion to 2.87% (up 16bp YoY) as loan yields rose 16bp to 4.41% and deposit costs fell 12bp to 1.79%.

  MD&A: Net Income and Margin verify on EDGAR →
• high

  Share repurchases totaled $24.3M (479,141 shares at $50.76 average) in Q2 under a new 2,000,000-share authorization (11% of shares outstanding, expiring Dec 2026), versus $5.3M (168,735 shares at $31.56) in Q2 2025 under the prior 1,000,000-share program.

  MD&A: Share Repurchase verify on EDGAR →
• medium

  Loan portfolio grew $197.5M YoY to $5.33B average, accelerating from $115.6M growth in the prior year, while the dividend payout ratio fell to 38.4% from 45.3% despite a $0.02 per-share dividend increase, reflecting stronger earnings coverage.

  MD&A: Loan Growth and Dividends verify on EDGAR →