TrustCo Bank Corp NY Announces Two-Million Share Stock Repurchase Program
12/19/2025 04:00 PM • 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.
TRST - 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.
Investing.com • Nathan Reiff