TrustCo Bank Corp NY (TRST)

TrustCo Bank Corp NY Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	213.14	205.6	187.46	162.21	159.17	165.96
Interest Income on Investments	37.12	37.72	38.75	24.39	8.81	12.32
Total Interest Income	250.27	243.32	226.21	186.6	167.98	178.29
Interest Paid on Deposits	89.84	90.59	53.35	5.73	6.67	23.7
Interest Paid on Borrowings	0.74	0.79	1.01	0.74	0.91	1.01
Total Interest Expense	90.58	91.38	54.36	6.47	7.57	24.71
Net Interest Income	159.69	151.94	171.85	180.14	160.41	153.58
Net Interest Income Growth (YoY)	2.90%	-11.58%	-4.60%	12.30%	4.45%	-1.43%
Trust Income	7.76	7.25	6.43	7.04	7.36	6.28
Gain (Loss) on Sale of Investments	0.02	1.38	-	-	-	1.16
Other Non-Interest Income	11.38	11.2	11.89	12.22	10.58	9.74
Total Non-Interest Income	19.17	19.83	18.32	19.26	17.94	17.17
Non-Interest Income Growth (YoY)	-1.92%	8.29%	-4.91%	7.38%	4.47%	-7.64%
Revenues Before Loan Losses	178.86	171.77	190.16	199.4	178.35	170.75
Provision for Loan Losses	1.85	2	1.25	-0.34	-5.45	5.6
Revenue	177.01	169.77	188.91	199.74	183.8	165.15
Revenue Growth (YoY)	2.80%	-10.13%	-5.42%	8.67%	11.29%	-5.22%
Salaries and Employee Benefits	43.85	44.03	48.54	43	45.72	44.42
Occupancy Expenses	7.25	7.17	7.04	7.13	7.6	7.45
Federal Deposit Insurance	4.55	4.12	4.3	3.16	3.01	2.22
Selling, General & Administrative	42.41	42	38.87	36.62	36.23	33.23
Other Non-Interest Expense	7.62	7.65	9.28	10.1	8.92	8.3
Total Non-Interest Expense	106.92	105.73	108.55	100.32	101.66	95.7
EBT Excluding Unusual Items	70.09	64.05	80.36	99.42	82.13	69.45
Legal Settlements	-	-	-2.75	-	-	-
Pretax Income	70.09	64.05	77.61	99.42	82.13	69.45
Income Tax Expense	16.62	15.21	18.97	24.18	20.61	16.99
Net Income	53.47	48.83	58.65	75.23	61.52	52.45
Net Income to Common	53.47	48.83	58.65	75.23	61.52	52.45
Net Income Growth	8.67%	-16.73%	-22.05%	22.29%	17.29%	-9.31%
Basic Shares Outstanding	19	19	19	19	19	19
Diluted Shares Outstanding	19	19	19	19	19	19
Shares Change (YoY)	0.01%	0.06%	-0.56%	-0.68%	-0.21%	-0.43%
EPS (Basic)	2.81	2.57	3.08	3.93	3.19	2.72
EPS (Diluted)	2.81	2.57	3.08	3.93	3.19	2.72
EPS Growth	8.63%	-16.63%	-21.63%	23.20%	17.38%	-8.93%
Dividend Per Share	1.440	1.440	1.440	1.410	1.372	1.363
Dividend Growth	-	-	2.13%	2.78%	0.69%	-
Effective Tax Rate	23.71%	23.75%	24.44%	24.32%	25.10%	24.47%

Updated May 9, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q