Key Points – TrustCo Bank reported stronger Q2 2026 results, with net income up 12.8% to $17 million and net interest income rising 9.2% to $45.6 million as its net interest margin improved to 2.87%. – Loan and deposit growth remained solid: average loans hit an all-time high of…
3 billion, while total deposits increased to $5.7 billion, supported by residential lending and steady customer inflows. – Credit quality stayed stable and capital management remained active, with non-performing loans low at 0.40% of total loans and the company continuing share repurchases that have reduced outstanding shares meaningfully. TrustCo Bank Corp NY (NASDAQ:TRST) executives said the company delivered stronger second-quarter 2026 earnings, supported by higher net interest income, continued loan and deposit growth and ongoing share repurchases
Chairman, President and CEO Robert J. McCormick described the quarter as another period in which the bank’s business model benefited from a favorable market environment. He said TrustCo’s loan and investment portfolios continued to reprice as lower-yielding assets matured and were replaced by higher-yielding loans and investments, while growth in lower-cost deposits helped support the balance sheet. “In combination, these elements result in an increased net interest margin year-over-year,” McCormick said, adding that the company achieved the results “without compromising credit quality.” Net income rises as margin improves Chief Financial Officer Michael Ozimek said TrustCo generated second-quarter net income of $17 million, up 12.8% from the prior-year quarter.
Return on average assets was 1.04%, while return on average equity was 10.22%. Net interest income totaled $45.6 million, an increase of $3.8 million, or 9.2%, from the second quarter of 2025. The net interest margin was 2.87%, up 16 basis points from the prior quarter.