Trustco Bank Corp NY (TRST)
NASDAQ:TRST
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Earnings Data
Report Date
Jul 27, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.79Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominately positive picture: strong net income and net interest income growth, margin expansion, all-time high loan balances with notable growth in home equity and residential mortgages, an active share repurchase program, improved return and efficiency metrics, and recurring wealth management fee income. Lowlights were modest: slight increases in nonperforming loans and nonperforming assets, a decline in allowance coverage ratio, a higher provision driven by forward-looking economic assumptions, and moderately lower capital ratios as buybacks proceed. Management emphasized disciplined capital deployment and conservative underwriting, suggesting these headwinds are being managed.Company Guidance
Net Income Growth
Net income for Q1 2026 was $16.3 million, a 14.1% increase year-over-year, driven by margin improvement, higher net interest income and noninterest income contributions.
Net Interest Income and Margin Expansion
Net interest income was $44.7 million, up $4.3 million or 10.7% YoY. Net interest margin expanded to 2.84%, up 20 basis points YoY; yield on interest-earning assets rose to 4.23% (up 10 bps) while cost of interest-bearing liabilities decreased to 1.79% (from 1.92%).
Loan Portfolio: All-Time High and Repricing Benefits
Average loans reached an all-time high of $5.3 billion, up $158.9 million or 3.1% YoY. Management highlighted loan portfolio repricing as older lower-rate loans roll off and are replaced by higher-earning loans, improving overall earnings power.
Targeted Loan Growth Drivers
Key loan growth: home equity lines of credit +$50.8 million (+12.3% YoY), residential first mortgages +$93.2 million (+2.1% YoY), and average commercial loans +$17.1 million (+5.8% YoY). Quarter-over-quarter loans increased $37.7 million.
Share Repurchase Program Momentum
TrustCo repurchased 522,000 shares in Q1 2026 (2.9% of outstanding), following 1 million shares repurchased in 2025 and authorization to buy up to 2 million shares in 2026; management is on pace to fully execute the program and emphasized buybacks as primary capital deployment.
Improved Return and Efficiency Metrics
Return on average assets increased to 1.02% (up 10% YoY) and return on average equity rose to 9.66% (up 14% YoY). Efficiency ratio improved to 54%, a 6% reduction YoY.
Deposit Growth and Stable Funding
Total deposits ended the quarter at $5.7 billion, up $156 million YoY, reflecting continued customer confidence and a stable deposit base supporting lending activity.
Wealth Management and Noninterest Income
Wealth Management assets under management were approximately $1.26 billion as of March 31, 2026. Noninterest income from wealth management increased 9% quarter-over-quarter and constitutes 44.1% of noninterest income, with the majority recurring.
Controlled Expenses and Guidance
Q1 noninterest expense net of ORE was $26.9 million (up $631,000 YoY). Management reiterated expected 2026 recurring noninterest expense net of ORE in the $26.7 million to $27.3 million range and signaled continued expense discipline.
Credit Charge-Offs and Provision Level
Net charge-offs were negative (net recovery of $39,000 for the quarter) and the provision for credit losses was $950,000, reflecting ongoing loan growth and forward-looking reserve modeling.
TRST Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TRST Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 21, 2026 | $46.30 | $45.06 | -2.68% |
Jan 21, 2026 | $45.14 | $45.17 | +0.07% |
Oct 21, 2025 | $35.59 | $36.28 | +1.96% |
Jul 21, 2025 | $34.34 | $34.78 | +1.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Trustco Bank Corp NY (TRST) report earnings?
Trustco Bank Corp NY (TRST) is schdueled to report earning on Jul 27, 2026, After Close (Confirmed).
What is Trustco Bank Corp NY (TRST) earnings time?
Trustco Bank Corp NY (TRST) earnings time is at Jul 27, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is TRST EPS forecast?
Currently, no data Available