TrustCo Bank shareholders approve 500K share increase to equity plan; FY2025 net income $61M, dividend raised 5.6%

TRUSTCO BANK CORP N Y

• Shareholders approved amendment to 2019 Equity Incentive Plan, increasing shares available by 500,000 to 1,200,000.
• All director nominees elected with >83% votes; advisory say-on-pay approved with 91% support.
• 2025 net income $61M; net interest margin increasing since Q1 2024 per annual meeting presentation.
• Dividend raised 5.6% to $1.52/share annually in 2025; 2M shares authorized for repurchase in 2026 (11.1% of outstanding).
• TRST stock grew 51.58% over past year, outpacing KBW Regional Bank Index by >25%.