TrustCo Q3 EPS Up 18.6% to $1.02; Margin Expands to 2.95%
TRST sits 51% above its 52-week low of $35.77.
Summary
TrustCo earned $17.3 million, or $1.02 per diluted share, in Q3 2026 as net interest income rose 9.1% and the margin expanded to 2.95%. The bank has repurchased 8.3% of its shares this year and expects to reach 15.8% by year-end, pulling equity to assets down to 9.72%.
Key Events · Earnings and Guidance · TRST
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Q3 EPS $1.02, Up 18.6%
Net income of $17.3 million versus $16.3 million a year earlier; nine-month net income $50.6 million, or $2.91 per diluted share.
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Margin Expands to 2.95%
Net interest income rose 9.1% to $47.0 million as asset yields climbed 10 bps to 4.35% and funding costs fell 11 bps to 1.79%.
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Buyback Shrinks Share Count
500 thousand shares repurchased in Q3 and 1.5 million (8.3%) in the first nine months; management targets 3 million shares, or 15.8%, by year-end 2026.
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Capital Cushion Thins
Equity to assets fell to 9.72% from 10.90% a year earlier; book value per share was $38.20, up 2.4%.
Analysis · TRST · Finance
For a spread lender, the metrics that matter came in clean: net interest income rose 9.1% to $47.0 million and the margin widened 16 basis points to 2.95% as loans repriced higher and deposit costs fell. Diluted EPS of $1.02 jumped 18.6% from $0.86, and the bank is shrinking its share count fast—1.5 million shares (8.3%) repurchased in nine months, with management targeting 3 million (15.8%) by year-end. The trade-off shows up in capital: equity to assets slipped to 9.72% from 10.90% a year ago, so the buyback is consuming cushion even as earnings grow. Credit looks fine—NPLs at 0.39% of loans and reserves covering them 2.6x—with the higher provision driven by loan growth, not deterioration.
How filings like this one have moved
In the 30 days to Oct 21, 2026, 28.9% of the 1511 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.54%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TRST was trading at $54.19 on NASDAQ in the Finance sector, with a market capitalization of approximately $922.7M. The 52-week trading range was $35.77 to $59.28. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.