Delivering Shareholder Value, TrustCo Declares Dividend; Quarterly Payment of $0.38 Per Share
Rhea-AI Summary
TrustCo Bank Corp NY (Nasdaq: TRST) declared a quarterly cash dividend of $0.38 per share on February 17, 2026, equal to $1.52 annualized. The dividend is payable April 1, 2026 to shareholders of record at the close of business on March 6, 2026.
The board tied the payout to its shareholder-value strategy, alongside an ongoing share repurchase program and continued emphasis on consistent business performance and historic dividend dependability.
Positive
- Quarterly dividend of $0.38 per share declared
- Annualized yield equivalent of $1.52 per share
- Payable April 1, 2026 to holders of record March 6, 2026
- Company reiterates share repurchase program alongside dividends
Negative
- None.
News Market Reaction
On the day this news was published, TRST declined 1.02%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
GLENVILLE, N.Y., Feb. 17, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on February 17, 2026 declared a quarterly cash dividend of
Chairman, President, and Chief Executive Officer Robert J. McCormick said: “The generation of long-term shareholder value is a central focus for our board and management team. The dividend declared today is a key part of our strategy in this regard, along with our share repurchase program and our keen focus on delivering solid business results. Over time, the historic dependability of our dividend payments has allowed shareholders to compound their investment in support of building financial security or their other financial goals – such as saving for homeownership, college education, or retirement. It is our goal every day to achieve the kind of performance that delivers these results. We are pleased that performance again this quarter supports these efforts.”
About TrustCo Bank Corp NY
TrustCo Bank Corp NY is a
In addition, the Bank’s Wealth Management Department offers a full range of investment services, retirement planning and trust and estate administration services. The common shares of TrustCo are traded on the NASDAQ Global Select Market under the symbol TRST.
Forward-Looking Statements
All statements in this news release that are not historical are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future developments, results or periods. Examples of forward-looking statements include, among others, statements we make regarding our expectations for our future performance, including our expectations regarding our capital position and capital management strategy, including our stock repurchase program. Forward-looking statements are based on management’s current expectations as well as certain assumptions and estimates made by, and information available to, management at the time the statements are made. TrustCo wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made and which are subject to factors and uncertainties that could cause actual results to differ materially for TrustCo from the views, beliefs and projections expressed in or implied by such statements, including but not limited to, risks and uncertainties relating to future changes in interest rates; external economic factors, such as changes the interest rate policies of the Federal Reserve Board and other changes in monetary policy, as well as ongoing inflationary pressures and continued elevated prices; exposure to credit risk in our lending activities; the risk of weakness in residential real estate markets; limitations on our ability to pay dividends; the impact of the manner in which we allocate capital; the risks and uncertainties set forth under the heading “Risk Factors” in our most recent Annual Report on Form 10-K for the year ended December 31, 2024, and, if any, our subsequent Quarterly Reports on Form 10-Q; the financial, operational and legal risks and uncertainties detailed from time to time in TrustCo’s filings with the Securities and Exchange Commission, including within the cautionary statements contained in such filings; and the effect of all of such items on our operations, liquidity and capital position, and on the financial condition of our borrowers and other customers. The forward-looking statements contained in this news release represent TrustCo management’s judgment as of the date of this news release. TrustCo disclaims, however, any intent or obligation to update forward-looking statements, either as a result of future developments, new information or otherwise, except as may be required by law.
| Subsidiary: Trustco Bank | |
| Contacts: | Robert M. Leonard |
| Executive Vice President and | |
| Chief Operating Officer | |
| (518) 381-3693 | |
| Lauren A. McCormick | |
| Vice President, Treasurer, and | |
| Assistant Corporate Secretary | |
| (518) 381-3673 | |
FAQ
What dividend did TrustCo (TRST) declare on February 17, 2026?
When is the TrustCo (TRST) dividend payable and what is the record date?
How does the TrustCo (TRST) board describe its dividend strategy on Feb 17, 2026?
Does the TrustCo (TRST) announcement mention share repurchases alongside the dividend?
What does the $0.38 dividend mean for TrustCo (TRST) investors in 2026?
