# TrustCo Bank Q3 2026 Earnings Report

> TrustCo Bank reports 6.5% higher net income and 18.6% increased diluted EPS for Q3 2026.
- Title: TrustCo Bank Q3 2026 Earnings Report · The Motley Fool
- Summary: TrustCo Bank reports 6.5% higher net income and 18.6% increased diluted EPS for Q3 2026. TrustCo Bank achieved $17.3 million net income and $1.02 diluted EPS…
- Keywords: trustco bank, q3 2026, net income, diluted eps, net interest margin, capital ratio, share repurchases, dividend, finance, money, TrustCo, Bank
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/22/trustco-bank-trst-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-22T16:54:09+00:00
- Read time: 2 min
- Topics: trustco bank, q3 2026, net income, diluted eps, net interest margin, capital ratio, share repurchases, dividend, finance, money
## Q3 2026 Results
TrustCo Bank reported net income of $17.3 million, a 6.5% increase from $16.3 million in Q3 2025.
## Diluted EPS Growth
Diluted earnings per share rose to $1.02, an 18.6% year-over-year increase from $0.86.
## Net Interest Income
Net interest income grew to $47.0 million, a 9.1% year-over-year increase driven by asset repricing.
## Net Interest Margin
Net interest margin expanded to 2.95%, up 16 basis points from 2.79% in Q3 2.025.
## Average Loans
Average loans increased to $5.4 billion, up 4.6% year-over-year driven by core relationship lending.
## Residential Loans
Average residential loans rose to $4.6 billion, up 4.0% year-over-year with $177.3 million growth.
## Home Equity Loans
Home equity loans grew to $498.1 million, up 11.4% year-over-year with $50.0 million growth.
## Total Deposits
Total deposits reached $5.7 billion at quarter end, up $203.0 million year-over-year.
## Cost of Liabilities
Cost of interest-bearing liabilities decreased to 1.79%, down 11 basis points from 1.90% in Q3 2025.
## Yield on Assets
Yield on interest-earning assets increased to 4.35%, up 10 basis points from 4.25% in Q3 2025.
## Return on Equity
Return on average equity improved to 10.57%, up from 9.29% in Q3 2025.
## Provision for Credit Losses
Provision for credit losses increased to $850,000 from $250,000 in Q3 2025.
## Nonperforming Loans
Nonperforming loans rose to $21.1 million, up from $18.5 million in Q3 2025.
## Allowance for Credit Losses
Allowance for credit losses stood at $55.2 million, or 1.01% of total loans.
## Wealth Management
Wealth management assets under management reached $1.37 billion as of Sept. 30, 2026.
## Quarterly Dividend
Quarterly cash dividend increased to $0.40 per share, up 5.3% from prior dividend.
## Share Repurchases
Share repurchases totaled 1.5 million shares, representing 8.3% of outstanding common stock.
## Noninterest Expense
Noninterest expense guidance for 2026 is $27.8 million to $28.2 million per quarter.
## Capital Ratio
Consolidated equity to asset ratio was 9.7% compared to 10.9% in Q3 2025.
## Book Value
Book value per share rose to $38.20, up 2.4% from $37.30 a year earlier.
## Key takeaway

TrustCo Bank achieved $17.3 million net income and $1.02 diluted EPS for Q3 2026, up 6.5% and 18.6% year-over-year respectively.