TrustCo Bank Q3 net interest income rises on loan growth, higher yields
TRST•TrustCo Bank's third-quarter net interest income rose 9.1% year over year to $47.04 million, while diluted EPS increased 18.6% to $1.02. The company raised its dividend and repurchased 13.2% of its shares in the first nine months of 2026.
1. Quarterly results
TrustCo Bank said third-quarter net interest income increased 9.1% year over year to $47.04 million, driven by loan growth at higher rates and lower interest expense. Net income was $17.32 million, diluted EPS was $1.02, and net interest margin was 2.95%. The credit loss provision was $850,000.
2. Outlook and capital returns
The company expects continued growth in net income and net interest income in coming quarters, with loan portfolio growth expected to enhance net interest income. It expects to maintain positive momentum into 2027 despite a dynamic interest-rate environment. TrustCo raised its dividend and repurchased 13.2% of its shares in the first nine months of 2026.
