TrustCo Q2 net income rises 12.8% to $17.0 million; diluted EPS $0.98
TrustCo Bank Corp NY reported second-quarter 2026 net income of $17.0 million, up 12.8% from $15.0 million a year earlier, with diluted earnings per share of $0.98 versus $0.79. The increase was driven mainly by higher net interest income, which rose 9.2% to $45.6 million as loan repricing and lower funding costs lifted the net interest margin to 2.87%. Shareholders also see book value per share of $38.53 at June 30, 2026, up from $36.75, and an $844 thousand unrealized gain on equity securities included in the quarter.
Key points
- Diluted EPS of $0.98 for the quarter ended June 30, 2026, compared with $0.79 a year earlier, an increase of 24.1%
- Net interest income of $45.6 million, up 9.2%; net interest margin of 2.87% compared with 2.71%
- Nonperforming loans of $21.8 million, or 0.40% of total loans, compared with $17.9 million, or 0.35%, a year earlier
- Six-month net income of $33.3 million, or $1.89 diluted EPS, compared with $29.3 million, or $1.54, in the first half of 2025
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 21, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.