TRST

GLENVILLE, N.Y., May 20, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on May 19, 2026 declared a quarterly cash dividend of $0.38 per share, or $1.52 per share on an annualized basis. The dividend will be payable on July 1, 2026 to shareholders of record at the close of business on June 5, 2026. Chairman, President, and Chief Executive Officer Robert J. McCormick said: “We are very pleased that the performance of the company continues to support our century-long commitment to a meaningful quarterly dividend. We are proud to announce the declaration of a cash dividend again this quarter. We believe that the strong shareholder support for our directors and the compensation of our named executive officers at our annual meeting yesterday is a vote of confidence in the way the bank is being run, including the capital and dividend policies.” About TrustCo Bank Corp NY TrustCo Bank Corp NY is a $6.5 billion savings and loan holding company and through its subsidiary, Trustco Bank, operated 132 offices in New York, New Jersey, Vermont, Massachusetts, and Florida. In addition, the Bank’s Wealth Management Department offers a full range of investment services, retirement planning and trust and estate administration services. The common shares of TrustCo are traded on the NASDAQ Global Select Market under the symbol TRST. Forward-Looking Statements All statements in this news release that are not historical are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future developments, results or periods. Examples of forward-looking statements include, among others, statements we make regarding our expectations for our future performance, including our expectations regarding our capital position and capital management strategy, including our stock repurchase program. Forward-looking statements are based on management’s current expectations as well as certain assumptions and estimates made by, and information available to, management at the time the statements are made. TrustCo wishes to caution readers not to...

Net income was $16.3 million in Q1 2026, up 14.1% year‑over‑year, with returns improving to a 1.02% ROA, 9.66% ROE and an efficiency ratio of 54%. Net interest income rose 10.7% to $44.7 million and NIM widened 20 bps to 2.84% as funding costs fell and the loan portfolio reached an all‑time high of $5.3 billion, led by residential and home‑equity growth. Management is aggressively deploying capital via buybacks—522,000 shares repurchased in Q1 with authorization for 2 million in 2026—while credit metrics remain sound (allowance coverage 247%) though provisions increased modestly due to loan growth and forward‑looking economic assumptions. Interested in TrustCo Bank Corp NY? Here are five stocks we like better. TrustCo Bank Corp NY (NASDAQ:TRST) reported what management called a strong start to 2026, citing higher net income, expanding margin, continued loan and deposit growth, and an accelerating share repurchase program. Chairman, President and CEO Robert J. McCormick said the company posted “net income of over $16 million,” alongside “improving margin” and “positive return metrics.” CFO Mike Ozimek provided the company’s reported results for the first quarter of 2026, including net income of $16.3 million, up 14.1% from the first quarter of 2025. Ozimek said the quarter produced a return on average assets of 1.02% and a return on average equity of 9.66%. → Credo Stock Flashes Strong Bullish Signal—Upswing Just Starting McCormick highlighted improvements year over year in key performance measures, stating that return on average assets increased 10% to 1.02, return on average equity grew 14% to 9.66, and the efficiency ratio improved to 54%. Ozimek also discussed capital and book value metrics. He said the consolidated equity-to-assets ratio was 10.31% for the first quarter of 2026, compared with 10.85% in the first quarter of 2025. Book value per share was $38.32 at March 31, 2026, up 6% from $36.16 a year earlier. → Allbirds Exits Shoes, Pivots to AI With NewBird Rebrand Management attributed part of the earnings improvement to funding and pricing actions. McCormick said net income improved in part because of “strategic pricing of our time deposit products,” which reduced the company’s cost of funds. He also emphasized that the loan portfolio is repricing as lower-rate loans are replaced with higher-earning loans, adding that the loan portfolio reached “an...

This article first appeared on GuruFocus. Net Income: $16.3 million, an increase of 14.1% over the prior year quarter. Return on Average Assets: 1.02%, a 10% increase year-over-year. Return on Average Equity: 9.66%, a 14% increase year-over-year. Efficiency Ratio: 54%, a decrease of 6% year-over-year. Net Interest Income: $44.7 million, an increase of 10.7% compared to the prior year quarter. Net Interest Margin: 2.84%, up 20 basis points from the prior year quarter. Book Value Per Share: $38.32, up 6% compared to a year earlier. Loan Portfolio Growth: Average loans grew 3.1% or $158.9 million to $5.3 billion. Home Equity Lines of Credit Growth: Increased $50.8 million or 12.3% year-over-year. Residential Real Estate Portfolio Growth: Increased $93.2 million or 2.1% year-over-year. Commercial Loans Growth: Increased $17.1 million or 5.8% year-over-year. Total Deposits: $5.7 billion, up $156 million compared to the prior year quarter. Nonperforming Loans: $21.5 million, increased from $18.8 million in the prior year quarter. Allowance for Credit Losses: $53 million with a coverage ratio of 247%. Share Repurchase: 522,000 shares repurchased, 2.9% of outstanding common stock. Warning! GuruFocus has detected 6 Warning Sign with TRST. Is TRST fairly valued? Test your thesis with our free DCF calculator. Release Date: April 22, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Trustco Bank Corp N Y (NASDAQ:TRST) reported a strong start to 2026 with net income exceeding $16 million, marking a 14.1% increase over the prior year quarter. The company's strategic pricing of time deposit products has effectively reduced the cost of funds, contributing to improved margins. Noninterest income from the wealth management department increased by 9% quarter-over-quarter, highlighting growth in this segment. The loan portfolio reached an all-time high, with loans repricing at higher rates, positively impacting financial performance. Trustco Bank Corp N Y (NASDAQ:TRST) is actively executing its share buyback program, repurchasing over 500,000 shares in the first quarter, demonstrating a commitment to returning value to shareholders. Nonperforming loans increased to $21.5 million in the first quarter of 2026, up from $18.8 million in the first quarter of 2025. The provision for credit losses more than tripled compared to a...

TrustCo Bank Corp NY (TRST) reported Q1 earnings late Tuesday of $0.91 per diluted share, up from $0

Net interest margin expansion was driven by the strategic repricing of the loan portfolio as lower-yielding legacy loans are replaced by higher-earning assets. The bank achieved a reduction in the cost of funds through strategic pricing of time deposit products, despite persistent competitive pressures. Loan growth reached an all-time high of $5.3 billion, led by significant demand in home equity lines of credit and residential real estate. Wealth management fees now represent 44.1% of noninterest income, providing a stable and recurring revenue stream supported by long-term advisory relationships. Management attributes improved return metrics to a combination of profitability, operational efficiency, and effective capital leverage. The local economy remains strong, supporting an uptick in commercial loans and increased demand for debt. Management expects to fully execute the 2 million share repurchase authorization for 2026, viewing the buyback as the centerpiece of their capital deployment strategy. The bank is positioned to maintain strong net interest income performance regardless of potential Federal Reserve interest rate changes in the coming months. Recurring noninterest expense, excluding ORE, is projected to be in the range of $26.7 million to $27.3 million per quarter for the 2026 fiscal year. Loan growth momentum is expected to continue, supported by competitive mortgage rates and home equity products serving as lower-cost credit alternatives. Management intends to maintain a well-capitalized and liquid position while gradually deploying capital for share repurchases. The provision for credit losses increased to $950,000, driven by loan growth and a more cautious forward-looking economic outlook from Moody's baseline forecast. Nonperforming loans saw a modest increase to 41 basis points of total loans, though management characterizes credit quality as remaining very strong. Competitive pressure on deposit pricing remains high, particularly from credit unions and consumers seeking specific 'magic number' CD rates. ORE expense is being managed with a target not to exceed $250,000 per quarter. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management explained that approximately half of the increase is due to loan growth, while the other half ste...

GLENVILLE, N.Y. (AP) — GLENVILLE, N.Y. (AP) — TrustCo Bank Corp. NY (TRST) on Tuesday reported net income of $16.3 million in its first quarter. The Glenville, New York-based bank said it had earnings of 91 cents per share. The holding company for Trustco Bank posted revenue of $71.1 million in the period. Its revenue net of interest expense was $49.5 million, surpassing Street forecasts. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRST at https://www.zacks.com/ap/TRST

GLENVILLE, N.Y., April 10, 2026 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release first quarter 2026 results after the market close on April 21, 2026. Results are released on the 21st of the reporting months (January, April, July and October), or on the next day that equity markets are open if the 21st falls on a Friday, weekend or holiday. A conference call to discuss the results will be held at 9:00 a.m. Eastern Time on April 22, 2026. Those wishing to participate in the call may dial toll-free for the United States and Canada at 1-888-672-2415, Conference ID 4207347. A replay of the call will be available for thirty days by dialing toll-free for the United States and Canada at 1-800-770-2030, Playback ID 4207347. The call will also be audio webcast at https://events.q4inc.com/attendee/269280990, and will be available for one year. The earnings press release will be posted on the Company’s Investor Relations website at: https://trustcobank.q4ir.com/corporate-overview/corporate-profile/default.aspx. Other information, including the Company’s most recent annual report, proxy statement and filings with the Securities and Exchange Commission can also be found at this website. TrustCo Bank Corp NY is a $6.4 billion savings and loan holding company and through its subsidiary, Trustco Bank, operates 133 offices in New York, New Jersey, Vermont, Massachusetts, and Florida. For more information, visit www.trustcobank.com. In addition, the Bank’s Wealth Management Department offers a full range of investment services, retirement planning and trust and estate administration services. The common shares of TrustCo are traded on The NASDAQ Global Select Market under the symbol TRST. Forward-Looking Statements All statements in this news release that are not historical are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future developments, results or periods. TrustCo wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made, and s...

Trustpilot delivered an “excellent” FY2025: bookings rose 18% to $291M, ARR topped $300M, revenue was $261.1M, and adjusted EBITDA jumped 69% to $40.7M (15.6% margin); adjusted free cash flow increased 173% to $46.6M while the company returned $72M to shareholders via buybacks, reducing diluted shares by ~4%. The company is shifting to larger customers—clients paying >$20K grew 35% and now account for 43% of bookings—with strong segment retention (gross dollar retention 93%, net dollar retention 111%) and record group gross retention of 87% (overall NDR 102%). Trustpilot is capitalizing on AI and its proprietary review dataset to drive “Answer Engine Optimization” demand (361M active reviews; 62M reviews in 2025) and guided to “high teens” revenue growth for 2026 while targeting a 25% adjusted EBITDA margin by 2028 and 30% by 2030. Interested in Trustpilot Group plc? Here are five stocks we like better. Trustpilot Group (LON:TRST) reported what management repeatedly characterized as an “excellent” full year 2025, highlighting accelerating bookings growth, expanding profitability, and what executives said is a widening strategic advantage as AI boosts the value of public, human-generated trust signals. Chief Executive Officer Adrian Blair framed the year around “great execution,” “expanding strategic advantage,” and “upgraded guidance.” The company said it grew bookings 18% in constant currency while scaling profitably, delivering a 69% year-on-year increase in adjusted EBITDA and returning $72 million to shareholders through buybacks during the year. → Data Storage to Data Intelligence: Everpure's Big AI Era Rebrand Chief Financial Officer Hanno Damm said FY2025 bookings rose 18% in constant currency to $291 million, and the company has now surpassed $300 million in annual recurring revenue (ARR). Revenue was $261.1 million, with a gross margin of 82.7%. Trustpilot generated adjusted EBITDA of $40.7 million, up 69%, for an adjusted EBITDA margin of 15.6%—a 4.2 percentage point improvement from the prior year. Adjusted free cash flow was $46.6 million, which management said reflected a 173% increase year-on-year, for an adjusted free cash flow margin of 17.8%. Adjusted free cash flow per share rose 174% to $0.107, the company said. → Dollar Tree Planted the Seeds for Triple-Digit Gains in Q4 Damm attributed margin expansion to operating leverage across the P&...

GLENVILLE, N.Y., Feb. 17, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on February 17, 2026 declared a quarterly cash dividend of $0.38 per share, or $1.52 per share on an annualized basis. The dividend will be payable on April 1, 2026 to shareholders of record at the close of business on March 6, 2026. Chairman, President, and Chief Executive Officer Robert J. McCormick said: “The generation of long-term shareholder value is a central focus for our board and management team. The dividend declared today is a key part of our strategy in this regard, along with our share repurchase program and our keen focus on delivering solid business results. Over time, the historic dependability of our dividend payments has allowed shareholders to compound their investment in support of building financial security or their other financial goals – such as saving for homeownership, college education, or retirement. It is our goal every day to achieve the kind of performance that delivers these results. We are pleased that performance again this quarter supports these efforts.” About TrustCo Bank Corp NY TrustCo Bank Corp NY is a $6.4 billion savings and loan holding company and through its subsidiary, Trustco Bank, operated 134 offices in New York, New Jersey, Vermont, Massachusetts, and Florida. In addition, the Bank’s Wealth Management Department offers a full range of investment services, retirement planning and trust and estate administration services. The common shares of TrustCo are traded on the NASDAQ Global Select Market under the symbol TRST. Forward-Looking Statements All statements in this news release that are not historical are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future developments, results or periods. Examples of forward-looking statements include, among others, statements we make regarding our expectations for our future performance, including our expectations regarding our capital position and capital management strategy, including our stock repurchase program. Forward-looking s...

This article first appeared on GuruFocus. Net Income: $15.6 million, a 38% increase over the prior year quarter. Return on Average Assets: 0.97% for the quarter. Return on Average Equity: 8.99% for the quarter. Consolidated Equity to Assets Ratio: 10.66% for the fourth quarter of 2025. Book Value per Share: $38.8, up 7.1% from the previous year. Net Interest Income: $43.7 million, a 12.4% increase from the prior year quarter. Net Interest Margin: 2.82%, up 22 basis points from the prior year quarter. Total Deposits: $5.6 billion, up $166 million from the prior year quarter. Average Loans: $5.2 billion, a 2.5% increase year over year. Home Equity Loans Growth: $54.1 million or 13.5% increase over the previous year. Commercial Loans Growth: $24.5 million or 8.6% increase over the previous year. Non-Performing Loans: $20.7 million, up from $18.8 million in the prior year. Allowance for Credit Losses: $52.2 million with a coverage ratio of 253%. Non-Interest Expense: $26.5 million, down $1.5 million from the prior year quarter. Assets Under Management (Wealth Management): $1.27 billion as of December 31. Warning! GuruFocus has detected 6 Warning Sign with TRST. Is TRST fairly valued? Test your thesis with our free DCF calculator. Release Date: January 22, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Trustco Bank Corp N Y (NASDAQ:TRST) reported a 38% increase in net income for the fourth quarter of 2025 compared to the same period in 2024. The company achieved a return on average assets of almost 33% for the quarter, indicating strong financial performance. Net interest income increased by 12.4% year-over-year, driven by margin expansion and loan growth. Trustco Bank Corp N Y (NASDAQ:TRST) successfully repurchased 5.3% of its common stock in 2025 and renewed its stock repurchase program for 2026. The bank's Wealth Management division remains a significant source of non-interest income, with $1.27 billion in assets under management. Non-performing loans increased to $20.7 million in the fourth quarter of 2025 from $18.8 million in the same period of 2024. The consolidated equity to assets ratio slightly decreased to 10.66% from 10.84% year-over-year. Non-performing loans to total loans ratio increased to 0.39% from 0.37% year-over-year. The bank's non-interest expense, excluding ORE expense, is expected...

TrustCo posted a stronger quarter with $15.6 million in net income (up 38% year over year), driven by higher net interest income of $43.7 million and a widened net interest margin of 2.82% (up 22 bps). Loan and deposit growth was concentrated in residential products: average loans hit a record $5.2 billion (up 2.5% year over year) led by home equity and mortgages, while deposits rose to $5.6 billion (up $166 million). Credit and capital positions remain solid despite modest upticks in non-performing loans to $20.7 million (0.39% of loans); the allowance was $52.2 million with 253% coverage, equity-to-assets was 10.66%, and the bank renewed share buyback authorization for up to 2 million shares. Interested in TrustCo Bank Corp NY? Here are five stocks we like better. TrustCo Bank Corp NY (NASDAQ:TRST) executives highlighted higher profitability, margin expansion, and continued loan and deposit growth during the company’s fourth-quarter 2025 earnings call, while reiterating a conservative approach to underwriting and balance sheet management. Chief Financial Officer Mike Ozimek said TrustCo posted fourth-quarter 2025 net income of $15.6 million, a 38% increase from the prior-year quarter. The company reported a return on average assets of 0.97% and return on average equity of 8.99% for the quarter. → Lemonade’s Tesla Deal Could Rewrite How Auto Insurance Is Priced Ozimek attributed the performance to higher net interest income, continued net interest margin expansion, and sustained growth in key loan and deposit portfolios. Net interest income rose to $43.7 million, up $4.8 million or 12.4% from the fourth quarter of 2024. Net interest margin expanded to 2.82%, up 22 basis points year over year. The yield on interest-earning assets increased to 4.24%, up 12 basis points from the prior-year quarter, while the cost of interest-earning liabilities declined to 1.84% from 1.97%. Ozimek said the bank is “well-positioned” to continue delivering net interest income even as the Federal Reserve considers rate changes. → Riot Platforms: A $311M AMD Deal Changes the HPC Game Average loans in the fourth quarter of 2025 increased 2.5%, or $126.8 million, to $5.2 billion, which management described as an all-time high. Growth was concentrated in residential-related categories: Home equity lines of credit: up $54.1 million, or 13.5% year over year Residential real estate: up...