TrustCo Bank Corp NY (TRST)

NASDAQ: TRST · Real-Time Price · USD
32.62
-0.24 (-0.73%)
Nov 4, 2024, 4:00 PM EST - Market closed
-0.73%
Market Cap 620.12M
Revenue (ttm) 168.59M
Net Income (ttm) 47.40M
Shares Out 19.01M
EPS (ttm) 2.48
PE Ratio 13.25
Forward PE n/a
Dividend $1.44 (4.41%)
Ex-Dividend Date Sep 6, 2024
Volume 44,339
Open 32.71
Previous Close 32.86
Day's Range 32.25 - 32.86
52-Week Range 25.83 - 36.51
Beta 0.82
Analysts n/a
Price Target n/a
Earnings Date Oct 21, 2024

About TRST

TrustCo Bank Corp NY operates as the holding company for Trustco Bank, a federal savings bank that provides personal and business banking services to individuals and businesses. The company accepts deposits; and offers loans and investments. It also operates as a real estate investment trust that acquires, holds, and manages real estate mortgage assets, including residential mortgage loans and mortgage-backed securities. In addition, the company serves as the executor of estates and trustee of personal trusts; provides asset and wealth manageme... [Read more]

Sector Financials
Founded 1902
Employees 808
Stock Exchange NASDAQ
Ticker Symbol TRST
Full Company Profile

Financial Performance

In 2023, TrustCo Bank Corp NY's revenue was $188.91 million, a decrease of -5.42% compared to the previous year's $199.74 million. Earnings were $58.65 million, a decrease of -22.05%.

Financial Statements

News

TrustCo Bank Corp NY (TRST) Q3 2024 Earnings Call Transcript

TrustCo Bank Corp NY (NASDAQ:TRST) Q3 2024 Earnings Conference Call October 22, 2024 9:00 AM ET Company Participants Robert J. McCormick - Chairman, President & Chief Executive Officer Mike Ozimek - ...

13 days ago - Seeking Alpha

Trustco Reports Third Quarter 2024 Net Income of $12.9 Million; Skillful Application of Strong Fundamentals Produce Solid Results

Executive Snapshot: Average Loan portfolio continues to grow: On average, total loans were up $127.0 million or 2.6% for the third quarter 2024 compared to the third quarter 2023 Continued solid finan...

14 days ago - GlobeNewsWire

TrustCo to Release Third Quarter 2024 Results on October 21, 2024; Conference Call on October 22, 2024

GLENVILLE, N.Y., Oct. 10, 2024 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release third quarter 2024 results after the market close on October 21, 20...

25 days ago - GlobeNewsWire

Rendering Speculation Unnecessary, TrustCo Delivers Again With a Quarterly Dividend of $0.36 Per Share

GLENVILLE, N.Y., Aug. 20, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on August 20, 2024, declared a quarterly cash dividend of $0.36 per share, or ...

2 months ago - GlobeNewsWire

TrustCo Bank Corp NY (TRST) Q2 2024 Earnings Call Transcript

TrustCo Bank Corp NY (NASDAQ:TRST) Q2 2024 Earnings Conference Call July 23, 2024 9:00 AM ET Company Participants Robert McCormick - Chairman, President & CEO Michael Ozimek - CFO Kevin Curley - EVP ...

3 months ago - Seeking Alpha

TrustCo Bank: Very Strong Performance, Run A House Position

TrustCo Bank Corp NY's Q2 earnings exceeded expectations with an improved return on assets and equity. Net interest margin increased, earnings per share beat expectations, and the stock remains attrac...

3 months ago - Seeking Alpha

TrustCo Delivers Once Again With Second Quarter Results Net Interest Margin Up 3.7% on Loan Growth of 3.8%

Executive Snapshot: Average Loan portfolio continues to grow: On average, total loans were up $182.2 million or 3.8% for the second quarter 2024 compared to the second quarter 2023 Continued solid fin...

3 months ago - GlobeNewsWire

Trustco Bank Announces Management Changes – Leonard, Curley, and Others Assume New Roles

GLENVILLE, N.Y., July 16, 2024 (GLOBE NEWSWIRE) -- Robert J. McCormick, Chairman, President, and Chief Executive Officer of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) and Trustco Bank, a subsidiary ...

3 months ago - GlobeNewsWire

TrustCo to Release Second Quarter 2024 Results on July 22, 2024; Conference Call on July 23, 2024

GLENVILLE, N.Y., July 10, 2024 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release second quarter 2024 results after the market close on July 22, 2024...

4 months ago - GlobeNewsWire

With Steadfast Reliability; TrustCo Reports Quarterly Dividend of $0.36 per Share

GLENVILLE, N.Y., May 21, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on May 21, 2024, declared a quarterly cash dividend of $0.36 per share, or $1.4...

5 months ago - GlobeNewsWire

TrustCo Bank Corp NY (TRST) Q1 2024 Earnings Call Transcript

TrustCo Bank Corp NY (NASDAQ:TRST) Q1 2024 Earnings Conference Call April 23, 2024 9:00 AM ET Company Participants Robert McCormick - Chairman, President & CEO Michael Ozimek - CFO Scot Salvador - EV...

6 months ago - Seeking Alpha

Loans Reach Another All-Time High, Credit Quality Remains Solid; TrustCo Reports Net Income of $12.1 Million and Capital Up 3%

Executive Snapshot: Average Loan portfolio continues to grow: On average, total loans were up $249.4 million or 5.2% for the first quarter 2024 compared to first quarter 2023 Continued solid financial...

7 months ago - GlobeNewsWire

TrustCo to Release First Quarter 2024 Results on April 22, 2024; Conference Call on April 23, 2024

GLENVILLE, N.Y., April 10, 2024 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release first quarter 2024 results after the market close on April 22, 202...

7 months ago - GlobeNewsWire

TrustCo Bank Corp NY Announces Stock Repurchase Plan

GLENVILLE, N.Y., March 29, 2024 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that its Board of Directors has approved a stock repurchase program. Under the stock re...

7 months ago - GlobeNewsWire

Strong Capital Supports TrustCo's Consistent Dividend; Annualized Payout of $1.44 per share

GLENVILLE, N.Y., Feb. 21, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on February 20, 2024, declared a quarterly cash dividend of $0.36 per share, o...

9 months ago - GlobeNewsWire

TrustCo Bank Corp NY (TRST) Q4 2023 Earnings Call Transcript

TrustCo Bank Corp NY (TRST) Q4 2023 Earnings Call Transcript

10 months ago - Seeking Alpha

TrustCo's Total Loans Surpass $5 Billion - Reach All-Time High; Nonperforming Assets to Total Assets at 0.29%, Lowest in 17 Years

Executive Snapshot: Loan portfolio reaches all-time high: At $5.0 billion as of December 31, 2023, loans continued to set new all-time highs On average, total loans were up $309.9 million or 6.6% for ...

10 months ago - GlobeNewsWire

TrustCo to Release Fourth Quarter 2023 Results on January 22, 2024; Conference Call on January 23, 2024

GLENVILLE, N.Y., Jan. 10, 2024 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release fourth quarter 2023 results after the market close on January 22, 2...

10 months ago - GlobeNewsWire

Trustco Bank's Upside Has Become Limited

Trustco Bank's shares have outperformed the market, up 9.2% compared to the S&P 500's 6.9% increase. The bank has seen a decline in the value of deposits and an uptick in uninsured deposit exposure. D...

11 months ago - Seeking Alpha

Strong Capital Supports TrustCo's Consistent Dividend; Annualized Payout of $1.44 per share

GLENVILLE, N.Y., Nov. 21, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on November 21, 2023, declared a quarterly cash dividend of $0.36 per share, o...

1 year ago - GlobeNewsWire

TrustCo Bank Corp NY (TRST) Q3 2023 Earnings Call Transcript

TrustCo Bank Corp NY (NASDAQ:TRST) Q3 2023 Earnings Call Transcript October 24, 2023 9:00 AM ET Company Participants Robert J. McCormick - Chairman, President and CEO Michael Ozimek - CFO Scot Salvad...

1 year ago - Seeking Alpha

TrustCo's Home Town Approach to Customer Relationships Propels Loans to All Time High

Reports Third Quarter Net Income Of $14.7 million Executive Snapshot: Loan portfolio reaches all-time high: Total loans were up $330.8 million or 7.1% for the third quarter 2023 compared to third quar...

1 year ago - GlobeNewsWire

TrustCo Announces the Addition of Steffani Cotugno to the Board of Directors

GLENVILLE, N.Y., Oct. 17, 2023 (GLOBE NEWSWIRE) -- On October 17, 2023, TrustCo Bank Corp NY (the "Company") (Nasdaq: TRST) announced that Steffani Cotugno, D.O. was elected to the Boards of Directors...

1 year ago - GlobeNewsWire

TrustCo to Release Third Quarter 2023 Results on October 23, 2023; Conference Call on October 24, 2023

GLENVILLE, N.Y., Oct. 10, 2023 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release third quarter 2023 results after the market close on October 23, 20...

1 year ago - GlobeNewsWire

TrustCo Bank: An Income Stock Now Yielding Nearly 5.5%

TrustCo Bank Corp NY Q2 earnings were mixed, with revenue growth falling short of expectations but still showing solid returns on assets. The bank's average loans reached an all-time high, with reside...

1 year ago - Seeking Alpha