TrustCo Bank Corp. NY reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported total interest income of $40,151,000 against $39,765,000 a year ago. Net interest income was $36,262,000 against $35,669,000 a year ago. Net interest income after provision for loan losses was $34,962,000 against $34,669,000 a year ago. Income before taxes was $16,284,000 against $17,181,000 a year ago. Net income was $10,180,000 against $10,660,000 a year ago. Diluted earnings per share were $0.107 against $0.112 a year ago. Return on average assets was 0.86% compared to 0.92% a year ago. Return on average equity was 9.75% compared to 10.70% a year ago. Core Net Income was $10,180,000 or $0.107 per diluted share against $10,616,000 or $0.112 per diluted share a year ago.

For the year, the company reported total interest income of $159,345,000 against $156,941,000 a year ago. Net interest income was $143,222,000 against $141,583,000 a year ago. Net interest income after provision for loan losses was $139,448,000 against $136,353,000 a year ago. Income before taxes was $66,760,000 against $71,589,000 a year ago. Net income was $42,238,000 against $44,193,000 a year ago. Diluted earnings per share were $0.444 against $0.466 a year ago. Return on average assets was 0.89% compared to 0.97% a year ago. Return on average equity was 10.41% compared to 11.54% a year ago. Book value per share was $4.34 compared to $4.15 a year ago. Core Net Income was $42,201,000 or $0.443 per diluted share against $41,509,000 or $0.438 per diluted share a year ago.

For the quarter, total net chargeoffs were 1,687,000 compared to $1,185,000 a year ago. Quarterly net chargeoffs increased to 0.21% of average loans on an annualized basis, compared to 0.15% for the fourth quarter of 2014.