TrustCo Bank NY (TRST) investor relations material

Executive summary

• Net income for 2025 reached $61.1 million, up 25.2% year-over-year, with diluted EPS of $3.25, and Q4 2025 net income was $15.6 million, a 38% increase year-over-year, with EPS of $0.85.

• Total shareholder return grew 29% in 2025, exceeding peers by more than three times.

• Strategic focus on conservative lending, strong customer relationships, and disciplined capital deployment drove results.

Financial highlights

• Net interest income for Q4 2025 was $43.7 million, up 12.4% year-over-year; full year net interest income was $169.0 million, up 11.2%.

• Net interest margin expanded to 2.82% in Q4 2025 from 2.60% a year earlier.

• Book value per share increased 7.1% to $38.08 as of December 31, 2025.

• Total deposits grew by $166 million to $5.6 billion compared to the prior year quarter; average deposits rose $208.0 million (3.9%) in Q4 2025.

Outlook and guidance

• 2026 recurring non-interest expense, net of ORE expense, expected to be $27.7–$28.2 million per quarter, with expectations to be at the lower end.

• Management expects continued net interest income growth as loan and investment portfolios reprice at higher yields.

• Continued focus on prudent branch expansion, particularly in Pasco County, Florida.