TrustCo Bank Corp NY (TRST)

TrustCo Bank Corp NY Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	201.78	187.46	162.21	159.17	165.96	166.61
Interest Income on Investments	38.27	38.75	24.39	8.81	12.32	25.52
Total Interest Income	240.05	226.21	186.6	167.98	178.29	192.13
Interest Paid on Deposits	87.6	53.35	5.73	6.67	23.7	34.85
Interest Paid on Borrowings	0.81	1.01	0.74	0.91	1.01	1.47
Total Interest Expense	88.4	54.36	6.47	7.57	24.71	36.32
Net Interest Income	151.64	171.85	180.14	160.41	153.58	155.81
Net Interest Income Growth (YoY)	-16.87%	-4.60%	12.30%	4.45%	-1.43%	-3.04%
Trust Income	7.08	6.43	7.04	7.36	6.28	6.39
Gain (Loss) on Sale of Investments	1.38	-	-	-	1.16	-
Other Non-Interest Income	11.44	11.89	12.22	10.58	9.74	12.2
Total Non-Interest Income	19.9	18.32	19.26	17.94	17.17	18.59
Non-Interest Income Growth (YoY)	6.89%	-4.91%	7.38%	4.47%	-7.64%	2.82%
Revenues Before Loan Losses	171.54	190.16	199.4	178.35	170.75	174.4
Provision for Loan Losses	2.95	1.25	-0.34	-5.45	5.6	0.16
Revenue	168.59	188.91	199.74	183.8	165.15	174.24
Revenue Growth (YoY)	-16.16%	-5.42%	8.67%	11.29%	-5.22%	-1.76%
Salaries and Employee Benefits	45.36	48.54	43	45.72	44.42	44.28
Occupancy Expenses	7.04	7.04	7.13	7.6	7.45	6.89
Federal Deposit Insurance	4.09	4.3	3.16	3.01	2.22	1.79
Selling, General & Administrative	39.32	38.87	36.62	36.23	33.23	35.49
Other Non-Interest Expense	10.31	12.03	10.1	8.92	8.3	9.45
Total Non-Interest Expense	106.39	111.3	100.32	101.66	95.7	97.73
EBT Excluding Unusual Items	62.2	77.61	99.42	82.13	69.45	76.51
Pretax Income	62.2	77.61	99.42	82.13	69.45	76.51
Income Tax Expense	14.8	18.97	24.18	20.61	16.99	18.67
Net Income	47.4	58.65	75.23	61.52	52.45	57.84
Net Income to Common	47.4	58.65	75.23	61.52	52.45	57.84
Net Income Growth	-32.00%	-22.05%	22.29%	17.29%	-9.32%	-5.87%
Basic Shares Outstanding	19	19	19	19	19	19
Diluted Shares Outstanding	19	19	19	19	19	19
Shares Change (YoY)	0.01%	-0.56%	-0.67%	-0.21%	-0.43%	0.29%
EPS (Basic)	2.49	3.08	3.93	3.19	2.72	2.99
EPS (Diluted)	2.48	3.08	3.93	3.19	2.72	2.98
EPS Growth	-32.25%	-21.63%	23.20%	17.38%	-8.93%	-6.16%
Dividend Per Share	1.440	1.440	1.410	1.372	1.363	1.363
Dividend Growth	0%	2.13%	2.78%	0.69%	0%	1.87%
Effective Tax Rate	23.79%	24.44%	24.32%	25.10%	24.47%	24.40%

Source: S&P Capital IQ. Banks template. Financial Sources.