TrustCo Bank Q3 net interest income rises on loan growth, higher yields

By Reuters News


Overview

  • U.S. savings and loan's Q3 net interest income rose 9.1% yr/yr, driven by loan growth

  • Q3 diluted EPS increased 18.6% yr/yr

  • Company raised dividend and repurchased 13.2% of shares in first nine months of 2026


Outlook

  • TrustCo expects continued net income and net interest income growth in coming quarters

  • Company expects to maintain positive momentum into 2027 despite dynamic interest-rate environment

  • Loan portfolio growth expected to enhance net interest income in future quarters


Result Drivers

  • LOAN GROWTH AND HIGHER YIELDS - Co said net interest income growth was driven by loan growth at higher rates and lower interest expense

  • DEPOSIT GROWTH - Co attributed deposit growth to relationship banking and competitive offerings, supporting loan growth

  • ASSET REPRICING - Co said upward repricing of loans and investments improved asset yields


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

$1.02

Q3 Net Income

$17.32 mln

Q3 Net Interest Income

$47.04 mln

Q3 Credit Loss Provision

$850,000

Q3 Net Interest Margin

2.95%


Reuters Recommended Reads

  • Oct 21 - Community Trust Bancorp's Q3 net interest income rises nearly 10%

  • Oct 21 - Parke Bancorp's Q3 net income rises, helped by loan growth

  • Oct 19 - Zions Bancorp Q3 EPS rises 20% on improved credit quality


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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