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Stock impact report

TrustCo (TRST) Q1 2026 Earnings Call Transcript [Yahoo! Finance]

TrustCo Bank Corp NY (TRST) 
Last trustco bank corp ny earnings: 4/21 04:00 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Chief Financial Officer — Michael Ozimek Chief Banking Officer — Kevin Curley Full Conference Call Transcript Robert McCormick: Good morning, everyone, and thank you for joining the call. I'm Rob McCormick, the President of TrustCo Bank Corp. I'm joined today, as usual, by Mike Ozimek, our CFO, who will go through the numbers; and Kevin Curley, our Chief Banking Officer, who will talk about lending. We're pleased to report that 2026 is off to a great start with net income of over $16 million, improving margin, positive return metrics and building momentum in our share buyback program. Net income improved in part because of strategic pricing of our time deposit products, which had the effect of reducing our cost of funds. Also, contributing to this growth was noninterest income generated by our wealth management department, which increased 9% quarter-over-quarter. The most meaningful part of the story and a matter of significant shareholder interest is that the loan portfolio Show less Read more
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