TrustCo reports higher quarterly profit and revenue
TrustCo posted second-quarter net income of $17 million, up 13.33% year over year; diluted EPS rose to $0.98 from $0.79.
Net interest income climbed 9.2% to $45.6 million, lifting net interest margin 16 basis points to 2.87%.
Noninterest income increased to $5.9 million from $4.9 million, driven by a $844,000 unrealized gain on equity securities tied to a Visa share conversion.
Noninterest expense rose to $28.3 million from $26.2 million, led by higher salaries and employee benefits.
Shareholders’ equity was $656 million at June 30, 2026; the quarterly dividend increased to $0.38 per share from $0.36.
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