TrustCo Bank Corp NY

TrustCo Bank Corp NY reported second-quarter 2026 net income rose 12.8% to $17 million, driven by higher net interest income and continued loan and deposit growth. Net interest income increased 9.2% to $45.6 million, and the net interest margin improved to 2.87%, up 16 basis points from the prior quarter. Average loans reached an all-time high of $5.3 billion, while total deposits grew to $5.7 billion, supported by residential lending and steady customer inflows. Credit quality remained stable with non-performing loans at 0.40% of total loans, and the company continued share repurchases that have reduced outstanding shares meaningfully, with nearly 16% of shares repurchased during 2025 and 2026 under the current program.