earnings
confidence high
sentiment positive
materiality 0.70
TrustCo Q1 net income up 17.7% to $14.3M; announces share repurchase program
TRUSTCO BANK CORP N Y
2025-Q1 EPS reported
$0.75
- Diluted EPS of $0.75 vs $0.64 a year ago; net interest income rose 10.4% to $40.4M.
- Average loans grew $104.7M (2.1%) and deposits $103.3M (1.9%) year-over-year.
- Book value per share increased 6.0% to $36.16; equity-to-assets ratio improved to 10.85%.
- Authorized stock repurchase of up to 1 million shares (~5% of outstanding).
- Credit quality stable with NPLs at 0.37% of total loans; wealth management fees up 16.7%.