TrustCo Announces Net Income Up 26.3%; Net Interest Income up 11.5%; The Product of Strategic Vision and Effective Tactics

Executive Snapshot:

GLENVILLE, N.Y., Oct. 21, 2025 (GLOBE NEWSWIRE) --

TrustCo Bank Corp NY (TrustCo, NASDAQ: TRST) today announced strong financial results for the third quarter of 2025 highlighted by a substantial increase in net interest income, continued margin expansion, and sustained loan and deposit growth across key portfolios. For the three months ended September 30, 2025, net interest income increased 11.5% year over year to $43.1 million, fueled by the continued repricing of the loan portfolio to higher yields and careful control of deposit costs, despite persistent competitive challenges. For the three months ended September 30, 2025, net interest margin expanded to 2.79% from 2.61% in the prior year period, driven by enhanced asset yields and disciplined deposit pricing strategies. This resulted in third quarter 2025 net income of $16.3 million or $0.86 diluted earnings per share, compared to net income of $12.9 million or $0.68 diluted earnings per share for the third quarter 2024; and net income of $45.6 million or $2.41 diluted earnings per share for the nine months ended September 30, 2025, compared to net income of $37.6 million or $1.97 diluted earnings per share for the nine months ended September 30, 2024. Loan balances expanded throughout the quarter, with total average loans increasing $125.9 million or 2.5% for the third quarter 2025 over the same period in 2024. Following a period of sustained growth, TrustCo remains confident in the quality of its loan portfolio amid broader market concerns. Our continued focus on solid underwriting within our loan portfolio and conservative lending standards positions us to manage credit risk effectively in the current environment.

Read more at globenewswire.com