GLENVILLE, N.Y., Dec. 19, 2025 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) (the “Company” or “TrustCo”) today announced that its Board of Directors has approved a new stock repurchase program. Under the stock repurchase program, TrustCo may repurchase up to 2,000,000 shares of its common stock, or approximately 11% of its currently outstanding shares. The repurchase program will permit shares to be repurchased in open market or private transactions, through block trades, or pursuant to ...

Core Points - TrustCo Bank Corp NY declared a quarterly cash dividend of $0.38 per share, amounting to an annualized dividend of $1.52 per share, payable on January 2, 2026, to shareholders of record as of December 5, 2025 [1] - The company emphasizes its commitment to returning capital to shareholders, which is a fundamental aspect of its operations and aims to enhance shareholder value while maintaining strong relationships with customers [2] - TrustCo Bank Corp NY operates as a $6.3 billion savings and loan holding company with 136 offices across New York, New Jersey, Vermont, Massachusetts, and Florida, offering a range of financial services [3]

Financial Results - TrustCo Bank Corp NY reported strong financial results for Q3 2025, with net interest income increasing by 11.5% year-over-year to $43.1 million, driven by higher loan yields and controlled deposit costs [3][5] - The net interest margin expanded to 2.79%, up from 2.61% in the prior year, reflecting improved asset yields and disciplined deposit pricing strategies [3][5] - Net income for Q3 2025 was $16.3 million, or $0.86 diluted earnings per share, a 26.3% increase compared to $12.9 million, or $0.68 diluted earnings per share in Q3 2024 [5][6] Loan and Deposit Growth - Total average loans increased by $125.9 million, or 2.5%, in Q3 2025 compared to the same period in 2024, with residential loans and home equity lines of credit (HECLs) rising by $34.0 million and $59.9 million, respectively [7] - Average deposits grew by $251.1 million, or 4.8%, primarily due to increases in time deposits and interest-bearing checking accounts [7] Capital Position and Stock Repurchase Program - TrustCo executed a stock repurchase program, acquiring 467 thousand shares, representing 2.5% of total shares outstanding, with an additional 533 thousand shares available for future repurchases [4][8] - The book value per share increased to $37.30 as of September 30, 2025, up from $35.19 a year earlier [5][8] Credit Quality - Nonperforming loans (NPLs) decreased to $18.5 million, or 0.36% of total loans, down from $19.4 million, or 0.38% a year earlier, indicating strong asset quality [5][9] - The allowance for credit losses on loans was $51.9 million, with a coverage ratio of 280.8% for NPLs as of September 30, 2025 [9][10] Performance Metrics - Return on Average Assets (ROAA) improved to 1.02%, up 21.4% from the previous year, while Return on Average Equity (ROAE) rose to 9.29%, an increase of 20.0% [5][6] - The efficiency ratio improved to 54.89%, down from 60.09% a year earlier, reflecting better operational efficiency [16]

Core Points - TrustCo Bank Corp NY will release its third quarter 2025 results after market close on October 21, 2025 [1] - A conference call to discuss the results is scheduled for 9:00 a.m. Eastern Time on October 22, 2025 [1] - The company operates 136 offices across New York, New Jersey, Vermont, Massachusetts, and Florida, with total assets of $6.3 billion [3] Company Information - TrustCo Bank Corp NY is a savings and loan holding company, and its common shares are traded on NASDAQ under the symbol TRST [3] - The bank's Wealth Management Department provides a comprehensive range of investment services, retirement planning, and trust and estate administration services [3] - Additional information, including the earnings press release and annual reports, can be found on the company's Investor Relations website [2]

Core Points - TrustCo Bank Corp NY declared an increased quarterly cash dividend of $0.38 per share, representing a 5.6% increase over the previous dividend amount [1] - The dividend will be payable on October 1, 2025, to shareholders of record as of September 5, 2025 [1] - TrustCo has maintained a consistent dividend payout every quarter since 1904, reflecting its strong corporate performance and capital position [2] Company Overview - TrustCo Bank Corp NY is a $6.3 billion savings and loan holding company with 136 offices across New York, New Jersey, Vermont, Massachusetts, and Florida as of June 30, 2025 [3] - The company operates through its subsidiary, Trustco Bank, which offers a full range of investment services, retirement planning, and trust and estate administration services [3] - TrustCo's common shares are traded on the NASDAQ Global Select Market under the symbol TRST [3]

Company Overview - TrustCo Bank Corp NY is a savings and loan holding company with a total asset value of $6.3 billion [3] - The company operates 136 offices across New York, New Jersey, Vermont, Massachusetts, and Florida through its subsidiary, Trustco Bank [3] - TrustCo's common shares are traded on the NASDAQ Global Select Market under the symbol TRST [3] Upcoming Financial Results - TrustCo Bank Corp NY will release its second quarter 2025 results after the market close on July 21, 2025 [1] - A conference call to discuss the results is scheduled for 9:00 a.m. Eastern Time on July 22, 2025 [1] - The earnings press release will be available on the company's Investor Relations website [2]

Core Viewpoint - TrustCo Bank Corp NY has declared a quarterly cash dividend of $0.36 per share, reflecting the company's strong financial performance in the first quarter of 2025 [1][2]. Company Overview - TrustCo Bank Corp NY is a savings and loan holding company with total assets of $6.3 billion, operating 136 offices across New York, New Jersey, Vermont, Massachusetts, and Florida [2]. - The company has a history of uninterrupted dividend payments since 1904, indicating a strong commitment to returning value to shareholders [2]. - TrustCo Bank is recognized as one of the best-performing savings banks in the United States, offering a variety of deposit and loan products, as well as investment services and retirement planning [2]. Dividend Details - The declared dividend of $0.36 per share will be payable on July 1, 2025, to shareholders of record as of June 6, 2025, which translates to an annualized dividend of $1.44 per share [1][2].