TrustCo Bank Corp NY (TRST)

TrustCo Bank Corp NY Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	197.59	187.46	162.21	159.17	165.96	166.61
Interest Income on Investments	38.94	38.75	24.39	8.81	12.32	25.52
Total Interest Income	236.53	226.21	186.6	167.98	178.29	192.13
Interest Paid on Deposits	80.48	53.35	5.73	6.67	23.7	34.85
Interest Paid on Borrowings	0.86	1.01	0.74	0.91	1.01	1.47
Total Interest Expense	81.34	54.36	6.47	7.57	24.71	36.32
Net Interest Income	155.19	171.85	180.14	160.41	153.58	155.81
Net Interest Income Growth (YoY)	-17.45%	-4.60%	12.30%	4.45%	-1.43%	-3.04%
Trust Income	6.66	6.43	7.04	7.36	6.28	6.39
Gain (Loss) on Sale of Investments	1.36	-	-	-	1.16	-
Other Non-Interest Income	11.52	11.89	12.22	10.58	9.74	12.2
Total Non-Interest Income	19.54	18.32	19.26	17.94	17.17	18.59
Non-Interest Income Growth (YoY)	6.05%	-4.91%	7.38%	4.47%	-7.64%	2.82%
Revenues Before Loan Losses	174.74	190.16	199.4	178.35	170.75	174.4
Provision for Loan Losses	2.55	1.25	-0.34	-5.45	5.6	0.16
Revenue	172.19	188.91	199.74	183.8	165.15	174.24
Revenue Growth (YoY)	-16.53%	-5.42%	8.67%	11.29%	-5.22%	-1.76%
Salaries and Employee Benefits	46.08	48.54	43	45.72	44.42	44.28
Federal Deposit Insurance	4.05	4.3	3.16	3.01	2.22	1.79
Selling, General & Administrative	39.26	38.87	36.62	36.23	33.23	35.49
Other Non-Interest Expense	10.86	12.03	10.1	8.92	8.3	9.45
Total Non-Interest Expense	107.65	111.3	100.32	101.66	95.7	97.73
EBT Excluding Unusual Items	64.53	77.61	99.42	82.13	69.45	76.51
Pretax Income	64.53	77.61	99.42	82.13	69.45	76.51
Income Tax Expense	15.33	18.97	24.18	20.61	16.99	18.67
Earnings From Continuing Operations	49.21	58.65	75.23	61.52	52.45	57.84
Net Income to Common	49.21	58.65	75.23	61.52	52.45	57.84
Basic Shares Outstanding	19	19	19	19	19	19
Diluted Shares Outstanding	19	19	19	19	19	19
Shares Change (YoY)	-0.13%	-0.56%	-0.67%	-0.21%	-0.43%	0.29%
EPS (Basic)	2.59	3.08	3.93	3.19	2.72	2.99
EPS (Diluted)	2.59	3.08	3.93	3.19	2.72	2.98
EPS Growth	-33.73%	-21.63%	23.20%	17.38%	-8.93%	-6.16%
Effective Tax Rate	23.75%	24.44%	24.32%	25.10%	24.47%	24.40%
Dividend Per Share	1.440	1.440	1.410	1.372	1.363	1.363
Dividend Growth	0.70%	2.13%	2.78%	0.69%	0%	1.87%

Source: S&P Capital IQ. Banks template.