TrustCo Bank Corp NY (TRST)
| Market Cap | 638.18M |
| Revenue (ttm) | 168.59M |
| Net Income (ttm) | 47.40M |
| Shares Out | 19.01M |
| EPS (ttm) | 2.48 |
| PE Ratio | 13.54 |
| Forward PE | n/a |
| Dividend | $1.44 (4.29%) |
| Ex-Dividend Date | Dec 6, 2024 |
| Volume | 390,628 |
| Open | 33.08 |
| Previous Close | 33.38 |
| Day's Range | 33.08 - 34.30 |
| 52-Week Range | 25.83 - 38.89 |
| Beta | 0.85 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Jan 21, 2025 |
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]
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 StatementsNews
TrustCo Bank Corp NY: A Standout No Matter the Economic Environment
TrustCo Bank Corp NY (TRST) financial results compared to company peers on the following metrics: Efficiency Ratio, EPS, Cost of Funds and Tier 1 Capital
TrustCo Continues Uninterrupted Century-Long Streak of Dividend Payments – Declares $0.36 Per Share
GLENVILLE, N.Y., Nov. 19, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on November 19, 2024, declared a quarterly cash dividend of $0.36 per share, o...
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 - ...
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...
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...
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 ...
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 ...
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...
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...
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 ...
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...
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...
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...
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...
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...
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...
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...
TrustCo Bank Corp NY (TRST) Q4 2023 Earnings Call Transcript
TrustCo Bank Corp NY (TRST) Q4 2023 Earnings Call Transcript
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 ...
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...
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...
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...
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...
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...
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...