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GlobeNewswire·

TrustCo Reports 2025 Net Income of $61.1 Million for the Year; Posts Total Shareholder Return Three Times That Of Peers

TRST
  • TrustCo Bank Corp NY reported fourth-quarter 2025 net income of $15.6 million, a 38.0% increase from $11.3 million in the same period of 2024.
  • Diluted earnings per share reached $0.85, up 44.1% from $0.59 in the fourth quarter of 2024.
  • Net interest income rose 12.4% year-over-year to $43.7 million, driven by loan growth at higher rates 2025.
  • Net interest margin expanded to 2.82%, an increase of 22 basis points from 2.60% in the prior year quarter.
  • Return on average assets increased to 0.97% from 0.73%, while return on average equity rose to 8.99% from 6.70%.
  • Total average loans grew by $126.8 million, or 2.5%, compared to the fourth quarter of 2024.
  • Average deposits increased by $208.0 million, or 3.9%, primarily due to growth in time deposits, interest-bearing checking, 2025.
  • The company repurchased 1 million shares (5.3% of outstanding stock) during 2025, including 533 thousand shares in the fourth quarter.
  • A new stock repurchase program was authorized for 2026 to buy up to 2 million shares, representing 11.1% of outstanding stock.
  • Book value per share as of December 31, 2025, was $38.08, up 7.1% from $35.56 in the prior year.
  • Provision for credit losses remained flat at $400 thousand for the quarter, matching the same period in 2024.
  • Nonperforming loans totaled $20.7 million as of December 31, 2025, representing 0.39% of total loans.
  • The coverage ratio for nonperforming loans was 252.5% as of year-end 2025, compared to 267.3% in 2024.
  • Allowance for credit losses on loans increased to $52.2 million from $50.2 million a year ago.
  • Full-time equivalent employees stood at 743, with 134 full-service banking offices operating across five states.
  • Net income for the full year 2025 was $61.1 million, or $3.25 per share, up from $48.8 million, or $2.57 per share, in 2024.
  • Chairman 2025.
  • A conference call to discuss these results is scheduled for 9:00 a.m. Eastern Time on January 22, 2026.