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What is Trustco Bank's latest dividend and current dividend yield?

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What were the key takeaways from Trustco Bank's earnings call?

- **Financial Performance**: Q3 net income up 26.3% YoY to $16.3 million, ROA 1.02%, ROE 9.29%.
- **Loan Growth**: Average loans $5.2 billion (+2.5% YoY), home equity up 15.7%, commercial up 12.4%.
- **NIM Expansion**: Net interest margin 2.79% (+18bps YoY), deposits $5.5 billion (+$217M YoY).
- **Credit Quality**: NPLs 0.36%, coverage ratio 280%, $194K recoveries from 5 properties.
- **Share Buybacks**: 467,000 shares repurchased YTD, $533,000 remaining under program.
- **Expansion Strategy**: Targeting Pasco County, FL, and infill locations in NY.

**【CEO Summary Section】**
- Q3 2025 net income of $16.3 million, up 26.3% YoY, driven by strong loan and deposit growth.
- ROA improved to 1.02%, ROE to 9.29%, with efficiency ratio down 9% YoY.
- Nonperforming loans (NPLs) decreased to 0.36% of total loans, coverage ratio at 280%.
- Share buyback program repurchased 467,000 shares YTD, with $533,000 remaining under authorization.
- Emphasis on prudent underwriting and maintaining credit quality.

**【CFO Financial Commentary】**
- Average loans grew 2.5% YoY to $5.2 billion, with home equity loans up 15.7% and commercial loans up 12.4%.
- Net interest income (NII) increased 11.5% YoY to $43.1 million, net interest margin (NIM) expanded 18bps to 2.79%.
- Deposits rose $217 million YoY to $5.5 billion, with cost of interest-bearing liabilities at 1.9%.
- Book value per share increased 6% YoY to $37.00.

**【CBO Loan Portfolio Discussion】**
- Residential mortgage rates at 6.125%, home equity products below 6.75%, competitive in local markets.
- Commercial loans focus on relationship-based lending with no foreign or subprime exposure.
- NPLs stable at $18.5 million, allowance for credit losses at $51.9 million with 281% coverage ratio.

**【Q&A Highlights】**
- $1 billion in CDs maturing over next 6 months at 3.75% average rate, reprice to 4%.
- Q3 recoveries of $194,000 from 5 properties (4 residential, 1 commercial).
- Expansion plans include Pasco County, FL, and infill locations in NY.

TrustCo Bank Corp NY (TRST) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

TRST

TRST fundamentals

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