TrustCo Bank engages with HoldCo Asset Management, reaffirms 2M share repurchase program

TRUSTCO BANK CORP N Y

Engaging with HoldCo Asset Management on business, capital allocation, M&A strategy, and board composition.
Share repurchase program authorized Dec 19, 2025: up to 2M shares (~11% of outstanding), to be completed in 2026.
Board believes stock is 'highly undervalued,' prioritizing buybacks over acquisitions.
Repurchase subject to market conditions, liquidity, capital requirements, and financial performance.

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