TrustCo Bank Corp NY (TRST)
| Market Cap | 538.77M |
| Revenue (ttm) | 201.09M |
| Net Income (ttm) | 69.71M |
| Shares Out | 19.02M |
| EPS (ttm) | 3.66 |
| PE Ratio | 7.75 |
| Forward PE | 10.02 |
| Dividend | $1.44 (5.09%) |
| Ex-Dividend Date | Nov 30, 2023 |
| Volume | 71,327 |
| Open | 26.81 |
| Previous Close | 26.84 |
| Day's Range | 26.47 - 28.50 |
| 52-Week Range | 23.78 - 38.81 |
| Beta | 0.91 |
| Analysts | Sell |
| Price Target | 36.00 (+27.12%) |
| Earnings Date | Jan 22, 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, partnerships, and corporations. 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 an... [Read more]
Financial Performance
In 2022, TRST's revenue was $199.74 million, an increase of 8.67% compared to the previous year's $183.80 million. Earnings were $75.23 million, an increase of 22.29%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for TRST stock is "Sell" and the 12-month stock price forecast is $36.0.
News
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'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...
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...
How To 4X Your Income & Beat Back Volatility
Today we'll discuss five of the steadiest dividend stocks on the planet. And let's not confuse stability with penny pinching—these cash cows yield up to 11%!
Buoyed by Strong Liquidity and Deposit Stability, TrustCo Declares Dividend
GLENVILLE, N.Y., Aug. 15, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on August 15, 2023, declared a quarterly cash dividend of $0.36 per share, or ...
TrustCo Reports Second Quarter Net Income of $16.4 Million and $346 Million of Loan Growth; Maintains Strong Liquidity and Demonstrates Deposit Stability
Executive Snapshot: Continued solid financial results: Key metrics for second quarter 2023: Net income of $16.4 million in the second quarter 2023 Net interest income of $44.1 million up 2.3% compared...
TrustCo to Release Second Quarter 2023 Results on July 24, 2023; Conference Call on July 25, 2023
GLENVILLE, N.Y., July 10, 2023 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release second quarter 2023 results after the market close on July 24, 2023...
Built on an Independent and Strong Foundation, TrustCo Declares Dividend
GLENVILLE, N.Y., May 16, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on May 16, 2023, declared a quarterly cash dividend of $0.36 per share, or $1.4...
TrustCo Demonstrates Strength and Stability; Reports First Quarter Net Income of $17.7 Million and 7.0% Average Loan Growth – Both Up Year Over Year
Executive Snapshot: Continued solid financial results: Key metrics for first quarter 2023: Net income of $17.7 million in the first quarter 2023 up 3.8% compared to $17.1 million in the first quarter ...
TrustCo to Release First Quarter 2023 Results on April 24, 2023; Conference Call on April 25, 2023
GLENVILLE, N.Y., April 11, 2023 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release first quarter 2023 results after the market close on April 24, 202...
3 Financials The Insiders Are Buying
Financial stocks like The Charles Schwab Company, Summit Financial and TrustCo are getting thrown out with the bath water but insiders are buying.
TrustCo Bank Corp NY Announces Stock Repurchase Plan
GLENVILLE, N.Y., March 17, 2023 (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...
TrustCo dividend offers stability in a volatile environment
GLENVILLE, N.Y., Feb. 22, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on February 21, 2023 declared a quarterly cash dividend of $0.36 per share, or...
TrustCo Caps Off 120th Anniversary Year, Reports Record Performance; Net Income of $75.2 Million up 22.3% over the prior year
GLENVILLE, N.Y., Jan. 23, 2023 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, NASDAQ: TRST) today announced full year 2022 net income of $75.2 million or $3.93 diluted earnings per share, compared...
TrustCo to Release Fourth Quarter 2022 Results on January 23, 2023; Conference Call on January 24, 2023
GLENVILLE, N.Y., Jan. 10, 2023 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release fourth quarter 2022 results after the market close on January 23, 2...
TrustCo Caps Off Year of Historic Celebrations and Achievement with Dividend Increase
GLENVILLE, N.Y., Nov. 15, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on November 15, 2022 declared an increase in the quarterly cash dividend of 2....
TrustCo Reports Another Record Quarter; Net Income of $19.4 Million up 15.5% over the Prior Year Quarter
GLENVILLE, N.Y., Oct. 24, 2022 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, NASDAQ: TRST) today announced third quarter 2022 net income of $19.4 million or $1.013 diluted earnings per share, com...
TrustCo Announces the Addition of Alejandro “Alex” M. Sanchez to the Board of Directors
GLENVILLE, N.Y., Oct. 18, 2022 (GLOBE NEWSWIRE) -- On October 18, 2022, TrustCo Bank Corp NY (the “Company”) (Nasdaq: TRST) announced that Alejandro “Alex” M. Sanchez was elected to the Board of Direc...
TrustCo to Release Third Quarter 2022 Results on October 24, 2022; Conference Call on October 25, 2022
GLENVILLE, N.Y., Oct. 11, 2022 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release third quarter 2022 results after the market close on October 24, 20...
TrustCo Declares Cash Dividend
GLENVILLE, N.Y., Aug. 16, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on August 16, 2022 declared a quarterly cash dividend of $0.35 per share, or $...
TrustCo Reports Historic Performance – Past and Present; Net Income of $17.9 Million up 24% over the Prior Year Quarter
GLENVILLE, N.Y., July 21, 2022 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, NASDAQ: TRST) today announced second quarter 2022 net income of $17.9 million or $0.933 diluted earnings per share, co...
TrustCo to Release Second Quarter 2022 Results on July 21, 2022; Conference Call on July 22, 2022
GLENVILLE, N.Y., July 12, 2022 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release second quarter 2022 results after the market close on July 21, 2022...
TrustCo Reports Historic First Quarter 2022 Earnings; Net Income of $17.1 Million up 21.3% over the prior year quarter
GLENVILLE, N.Y., April 21, 2022 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, NASDAQ: TRST) today announced historic earnings which sets the tone for 2022. First quarter net income was $17.1 mill...
TrustCo to Release First Quarter 2022 Results on April 21, 2022; Conference Call on April 22, 2022
GLENVILLE, N.Y., April 12, 2022 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release first quarter 2022 results after the market close on April 21, 202...