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News  ›  GlobeNewswire Inc.

TrustCo Bank Corp NY Announces Two-Million Share Stock Repurchase Program

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Na
TrustCo Bank Corp NY Announces Two-Million Share Stock Repurchase Program

TrustCo Bank Corp NY announced Board approval of a new stock repurchase program authorizing up to 2 million shares (approximately 11% of outstanding shares) to be repurchased over the next 12 months. The company completed a previous 1 million share buyback program in 2025. CEO Robert McCormick stated the repurchases reflect confidence in the company's business model and capital-building strategy, aimed at increasing shareholder value.

Insights
BMLpH   positive

Maintains Buy rating and sees promising growth potential for Medtronic's medical technologies


TRST   positive

The company is executing a substantial share repurchase program (2 million shares, ~11% of outstanding), demonstrating management confidence in the business model and financial strength. The completion of a previous 1 million share buyback and announcement of strong financial metrics (26.3% net income increase, 11.5% net interest income growth) indicate solid operational performance and capital position to support shareholder returns.