TRUSTCO BANK CORP N Y
For the period ended Mar 31, 2026. Filed May 8, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 8, 2026
TRST$57.30+1.3%Stored close · as of Nov 6, 2026
Contents
Item 1. Consolidated Statements of Income for the three month periods ended March 31, 2026 and 2025
Statements of Income (Unaudited)
(dollars in thousands, except per share data)
| Three months ended | ||
|---|---|---|
| March 31, | ||
| 2026 | 2025 | |
| Interest and dividend income: | ||
| Interest and fees on loans | $57,565 | $53,450 |
| Interest and dividends on securities available for sale: | ||
| U. S. government sponsored enterprises | 149 | 596 |
| State and political subdivisions | - | - |
| Mortgage-backed securities and collateralized mortgage obligations - residential | 1,469 | 1,483 |
| Corporate bonds | 694 | 260 |
| Small Business Administration-guaranteed participation securities | 63 | 81 |
| Other securities | 8 | 7 |
| Total interest and dividends on securities available for sale | 2,383 | 2,427 |
| Interest on held to maturity securities: | ||
| Mortgage-backed securities and collateralized mortgage obligations-residential | 47 | 57 |
| Total interest on held to maturity securities | 47 | 57 |
| Federal Home Loan Bank stock | 126 | 151 |
| Interest on federal funds sold and other short-term investments | 6,105 | 6,732 |
| Total interest income | 66,226 | 62,817 |
| Interest expense: | ||
| Interest on deposits: | ||
| Interest-bearing checking | 533 | 558 |
| Savings accounts | 675 | 734 |
| Money market deposit accounts | 1,552 | 1,989 |
| Time deposits | 18,357 | 18,983 |
| Interest on short-term borrowings | 401 | 180 |
| Total interest expense | 21,518 | 22,444 |
| Net interest income | 44,708 | 40,373 |
| Provision for credit losses | 950 | 300 |
| Net interest income after provision for credit losses | 43,758 | 40,073 |
| Noninterest income: | ||
| Trustco financial services income | 2,135 | 2,120 |
| Fees for services to customers | 2,340 | 2,645 |
| Other | 366 | 209 |
| Total noninterest income | 4,841 | 4,974 |
| Noninterest expenses: | ||
| Salaries and employee benefits | 12,219 | 11,894 |
| Net occupancy expense | 4,542 | 4,554 |
| Equipment expense | 2,022 | 1,944 |
| Professional services | 1,526 | 1,726 |
| Outsourced services | 2,700 | 2,700 |
| Advertising expense | 394 | 361 |
| FDIC and other insurance | 1,153 | 1,188 |
| Other real estate expense, net | 50 | 28 |
| Other | 2,376 | 1,934 |
| Total noninterest expenses | 26,982 | 26,329 |
| Income before taxes | 21,617 | 18,718 |
| Income taxes | 5,332 | 4,443 |
| Net income | $16,285 | $14,275 |
| Net income per share: | ||
| - Basic | $0.91 | $0.75 |
| - Diluted | $0.91 | $0.75 |
Index
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