--- title: "TrustCo Bank NY | 8-K: FY2026 Q2 Revenue: USD 73.62 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/293380448.md" datetime: "2026-07-21T20:05:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293380448.md) - [en](https://longbridge.com/en/news/293380448.md) - [zh-HK](https://longbridge.com/zh-HK/news/293380448.md) generator: "portal-rs" --- # TrustCo Bank NY | 8-K: FY2026 Q2 Revenue: USD 73.62 M Revenue: As of FY2026 Q2, the actual value is USD 73.62 M. EPS: As of FY2026 Q2, the actual value is USD 0.98. EBIT: As of FY2026 Q2, the actual value is USD 22.52 M. TrustCo 银行 (TrustCo Bank Corp NY) reported significant financial and operational metrics for the second quarter and first half of 2026, as detailed below . #### Operational Metrics - **Net Income:** For the second quarter of 2026, net income increased by 12.8% to $17.0 million, compared to $15.0 million in the second quarter of 2025 . For the six months ended June 30, 2026, net income was $33.3 million, up from $29.3 million for the same period in 2025 . - **Net Interest Income:** Net interest income for the second quarter of 2026 was $45.6 million, an increase of 9.2% from $41.7 million in the second quarter of 2025 . For the six months ended June 30, 2026, net interest income was $90,298 thousand, compared to $82,119 thousand for the same period in 2025 . - **Net Interest Margin:** The net interest margin expanded to 2.87% in the second quarter of 2026, up 16 basis points from 2.71% in the prior year period . For the six months ended June 30, 2026, the net interest margin was 2.86%, up from 2.68% for the same period in 2025 . - **Provision for Credit Losses:** TrustCo Bank recorded a provision for credit losses of $650 thousand in the second quarter of 2026, which was flat compared to the same period in 2025 . This provision included $1.0 million for credit losses on loans and a - $350 thousand benefit for credit losses on unfunded commitments . For the six months ended June 30, 2026, the provision for credit losses was $1,600 thousand, compared to $950 thousand for the same period in 2025 . - **Noninterest Income (excluding Net Gains on Equity Securities):** For the second quarter of 2026, this was $5,068 thousand, compared to $4,852 thousand in Q2 2025 . For the six months ended June 30, 2026, it was $9,909 thousand, compared to $9,826 thousand for the same period in 2025 . - **Noninterest Expense:** Total noninterest expense for the second quarter of 2026 was $28,333 thousand, compared to $26,223 thousand in Q2 2025 . For the six months ended June 30, 2026, it was $55,315 thousand, compared to $52,552 thousand for the same period in 2025 . - **Average Loans:** Average loans increased by $197.5 million, or 3.8%, in the second quarter of 2026 compared to the same period in 2025 . Average residential loans were up $142.0 million (3.2%), Home Equity Credit Lines (HECLs) were up $44.8 million (10.4%), and average commercial loans increased $13.4 million (4.4%) in Q2 2026 over Q2 2025 . - **Average Deposits:** Average deposits increased by $208.6 million, or 3.8%, for the second quarter of 2026 compared to the second quarter of 2025 . - **Book Value per Share:** As of June 30, 2026, book value per share was $38.53, an increase of 4.8% from $36.75 as of June 30, 2025 . - **Equity to Asset Ratio:** As of June 30, 2026, the consolidated equity to assets (GAAP) ratio was 10.05%, compared to 10.91% as of June 30, 2025 . - **Nonperforming Loans (NPLs):** NPLs were $21.8 million as of June 30, 2026, compared to $17.9 million as of June 30, 2025 . The ratio of NPLs to total loans was 0.40% as of June 30, 2026, compared to 0.35% as of June 30, 2025 . - **Nonperforming Assets (NPAs):** NPAs were $23.0 million as of June 30, 2026, compared to $19.0 million as of June 30, 2025 . The ratio of NPAs to total assets was 0.35% as of June 30, 2026, compared to 0.30% as of June 30, 2025 . - **Allowance for Credit Losses on Loans:** The allowance for credit losses on loans was $54.1 million as of June 30, 2026, compared to $51.3 million as of June 30, 2025 . The ratio of allowance for credit losses on loans to total loans was 1.01% as of June 30, 2026, compared to 0.99% as of June 30, 2025 . - **Coverage Ratio:** The coverage ratio (allowance for credit losses on loans to NPLs) was 248.6% as of June 30, 2026, compared to 286.2% as of June 30, 2025 . - **Total Net (Recoveries) Chargeoffs:** For the three months ended June 30, 2026, total net (recoveries) chargeoffs were - $88 thousand, compared to - $9 thousand for the same period in 2025 . - **Efficiency Ratio (GAAP):** For Q2 2026, the GAAP efficiency ratio was 55.01%, compared to 56.27% in Q2 2025 . For H1 2026, it was 54.74%, compared to 57.16% in H1 2025 . - **Adjusted Efficiency Ratio (Non-GAAP):** For Q2 2026, the adjusted efficiency ratio was 55.71%, compared to 55.15% in Q2 2025 . For H1 2026, it was 55.04%, compared to 56.56% in H1 2025 . - **Full Time Equivalent Employees:** As of June 30, 2026, there were 742 full-time equivalent employees, compared to 733 as of June 30, 2025 . - **Full Service Banking Offices:** As of June 30, 2026, there were 132 full-service banking offices, compared to 136 as of June 30, 2025 . #### Unique Metrics - **Net Gains on Equity Securities:** TrustCo Bank recognized an $844 thousand unrealized gain on equity securities in the second quarter of 2026 due to the conversion of Visa Class B-2 shares . - **Stock Repurchase Program:** TrustCo Bank repurchased one million shares, or 5.6%, of its outstanding common stock during the first half of 2026 under its stock repurchase program . Through the 2026 and 2025 programs, the company purchased over one million shares in the first half of 2026, following one million shares in 2025 . #### Outlook / Guidance Management expects the improvements in net income and net interest income to remain sustainable in the coming quarters . The company anticipates completing the repurchase of a total of three million shares, or 15.8%, of TrustCo 银行 (TrustCo Bank Corp NY) common stock by the end of 2026 . ### Related Stocks - [TRST.US](https://longbridge.com/en/quote/TRST.US.md) ## Related News & Research - [TrustCo Bank FY26 Q2 net income rises 13.33% to $17 million](https://longbridge.com/en/news/295434530.md) - [HoldCo Asset Management Takes Activist Stake at TrustCo Bank Corp NY with 5.1% Stake](https://longbridge.com/en/news/294111363.md) - [Short Interest in Mfs Muni Inc Tr (NYSE:MFM) Declines By 42.7%](https://longbridge.com/en/news/296123614.md) - [Trøndelag Sparebank sets new bond interest rate at 5.82% for next quarter](https://longbridge.com/en/news/296487067.md) - [TrustCo Bank Q2 FY26 net income rises 12.8% to $17 million](https://longbridge.com/en/news/293380149.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**