TrustCo Bank Corp NY (TRST) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

the investor relations tab of our website at trustcobank.com. Please also note that today's event is being recorded. A replay of the call will be available for 30 days and an audio webcast will be available for one year, as described in our earnings press release. At this time, I would like to turn the conference call over to Mr. Robert J. McCormick, Chairman, President and CEO to begin. Please go ahead, Robert. Good morning, everyone, and thank you for joining the call. I'm Rob McCormick, the chairman of Trustco Bank. I'm joined today, as usual, by Mike Ozemeck, our CFO, who will go through the numbers, and Kevin Curley, our chief banking officer, who will talk about lending. The results announced yesterday are the culmination of years of strategic long-term planning and nimble near-term execution. We resisted risky lending concentrations, borrowing, and other gimmicks in favor of building solid customer relationships through the delivery of top-notch loan and deposit products and services. This enabled us to keep our cost of funds low and grow loans, leading to a healthy margin expansion. We deployed capital through the continuation of our century-long dividend payout, a robust stock repurchase program, and our bedrock practice of lending gathered deposits right back in the communities we serve. All of these factors together contributed to a 38% increase in net income and a return on average assets of almost 33% for the quarter. Total shareholder value returned three times that of our proxy peers year-over-year. Stellar performance by any measure. Now, Mike will go through the details, and Kevin will provide some color on lending. Thank you, Rob, and good morning, everyone. I will now review TrustWiz financial results for the fourth quarter of 2025. As we noted in ...