Financial Services -
Banks - Regional - NASDAQ - US
$ 31.165
0.483 %
$ 593 M
Market Cap
11.78
P/E
1. INTRINSIC VALUE
Balance Sheet
TrustCo Bank Corp NY
| Current Assets | 657 M |
| Cash & Short-Term Investments | 406 M |
| Receivables | 0 |
| Other Current Assets | 252 M |
| Non-Current Assets | 5.58 B |
| Long-Term Investments | 364 M |
| PP&E | 70.4 M |
| Other Non-Current Assets | 5.15 B |
| Current Liabilities | 3.17 B |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 3.17 B |
| Non-Current Liabilities | 0 |
| Long-Term Debt | 40.2 M |
| Other Non-Current Liabilities | -40.2 M |
EFFICIENCY
Earnings Waterfall
TrustCo Bank Corp NY
| Revenue | 172 M |
| Cost Of Revenue | 0 |
| Gross Profit | 172 M |
| Operating Expenses | 172 M |
| Operating Income | 64 M |
| Other Expenses | 15.2 M |
| Net Income | 48.8 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
TrustCo Bank Corp NY
| Net Income | 48.8 M |
| Depreciation & Amortization | 11.4 M |
| Capital Expenditures | -4.88 M |
| Stock-Based Compensation | 720 K |
| Change in Working Capital | -5.42 M |
| Others | -10.6 M |
| Free Cash Flow | 54.6 M |
Wall Street Analysts Price Targets
TrustCo Bank Corp NY
TRST has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
1.18%
DIVIDEND YIELD
0.36 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
TrustCo Bank Corp NY
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
54.4 K USD 3
0-3 MONTHS
33 K USD 2
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Strong First Quarter Supports TrustCo's Declaration of Dividend; Continues Reliable Payout
GLENVILLE, N.Y., May 21, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on May 20, 2025, declared a quarterly cash dividend of $0.36 per share, or $1.44 per share on an annualized basis. The dividend will be payable on July 1, 2025 to shareholders of record at the close of business on June 6, 2025.
globenewswire.com
- 4 weeks ago
TrustCo Bank Corp NY (TRST) Q1 2025 Earnings Call Transcript
TrustCo Bank Corp NY (NASDAQ:TRST ) Q1 2025 Earnings Conference Call April 22, 2025 9:00 AM ET Company Participants Robert McCormick - Chairman, President & CEO Michael Ozimek - EVP & CFO Kevin Curley - EVP, Retail Banking Conference Call Participants Ian Lapey - Gabelli Funds Operator Good day, and welcome to TrustCo Bank Corp Earnings Call and Webcast. All participant will be on listen-only mode.
seekingalpha.com
- 1 month ago
TrustCo Reports First Quarter 2025 Net Income of $14.3 Million From Repricing Loan Portfolio and Well-Managed Cost of Funds
Executive Snapshot: Bank-wide financial results: Key metrics for the first quarter 2025: Net income of $14.3 million increased 17.7% compared to $12.1 million for the first quarter 2024 Net interest income of $40.4 million, up 10.4% from $36.6 million compared to the first quarter 2024 Average loans were up $104.7 million for the first quarter 2025 compared to the first quarter 2024 Average deposits were up $103.3 million for the first quarter 2025 compared to the first quarter 2024 Capital position and key ratios: Consolidated equity to assets increased to 10.85% as of March 31, 2025 from 10.51% as of March 31, 2024 Book value per share as of March 31, 2025 was $36.16, up from $34.12 as of March 31, 2024 Stock repurchase program announced authorizing for up to one million shares or approximately 5% of TrustCo's current outstanding common stock Trustco Financial Services and Wealth Management income: Fees increased to $2.1 million or 16.7% compared to first quarter 2024 Assets under management increased to $1.2 billion or 17.4% compared first quarter 2024 GLENVILLE, N.Y., April 21, 2025 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, NASDAQ: TRST) today announced a robust start to 2025, marked by significant growth in both the loan and deposit portfolios of Trustco Bank during the first quarter of 2025 compared to the first quarter of 2024.
globenewswire.com
- 1 month ago
TrustCo to Release First Quarter 2025 Results on April 21, 2025; Conference Call on April 22, 2025
GLENVILLE, N.Y., April 10, 2025 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release first quarter 2025 results after the market close on April 21, 2025. Results are released on the 21st of the reporting months (January, April, July and October), or on the next day that equity markets are open if the 21st falls on a Friday, weekend or holiday. A conference call to discuss the results will be held at 9:00 a.m. Eastern Time on April 22, 2025. Those wishing to participate in the call may dial toll-free for the United States at 1-833-470-1428, and for Canada at 1-833-950-0062, Access code 048251. A replay of the call will be available for thirty days by dialing toll-free for the United States at 1-866-813-9403, Access code 486810.
globenewswire.com
- 2 months ago
TrustCo Bank Corp NY Announces Million Share Stock Repurchase Plan
GLENVILLE, N.Y., March 18, 2025 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) (the “Company” or “TrustCo”) today announced that its Board of Directors has approved a stock repurchase program. Under the stock repurchase program, TrustCo may repurchase up to 1,000,000 shares of its common stock, or approximately 5% of its current outstanding shares. The repurchase program will permit shares to be repurchased in open market or private transactions, through block trades, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission.
globenewswire.com
- 3 months ago
UPDATE: TrustCo Announces First Dividend of 2025; Continues Annualized Payout of $1.44 per share
GLENVILLE, N.Y., Feb. 19, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on February 18, 2025, declared a quarterly cash dividend of $0.36 per share, or $1.44 per share on an annualized basis. The dividend will be payable on April 1, 2025 to shareholders of record at the close of business on March 7, 2025.
globenewswire.com
- 3 months ago
TrustCo Announces First Dividend of 2025; Continues Annualized Payout of $1.44 per share
GLENVILL, N.Y., Feb. 19, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on February 18, 2025, declared a quarterly cash dividend of $0.36 per share, or $1.44 per share on an annualized basis. The dividend will be payable on April 1, 2024 to shareholders of record at the close of business on March 7, 2025.
globenewswire.com
- 3 months ago
TrustCo Bank Corp NY (TRST) Q4 2024 Earnings Call Transcript
TrustCo Bank Corp NY (NASDAQ:TRST ) Q4 2024 Earnings Conference Call January 22, 2025 9:00 AM ET Company Participants Robert McCormick - Chairman, President and Chief Executive Officer Michael Ozimek - Executive Vice President and Chief Financial Officer Kevin Curley - Executive Vice President, Retail Banking Conference Call Participants Ian Lapey - Gabelli Funds Gregory Roeder - Adirondack Funds Operator Good day and welcome to TrustCo Bank Corp Earning Call and Webcast. All participants will be on listen-only mode.
seekingalpha.com
- 4 months ago
Trustco Caps Year of Efficiency, Strength, and Value - Reports Fourth Quarter 2024 Net Income of $11.3 Million; $48.8 Million for the Year
Executive Snapshot: Continued solid financial results: Key metrics for the fourth quarter 2024: Net income of $11.3 million versus $9.8 million for the fourth quarter 2023 Net interest income of $38.9 million, up from $38.6 million compared to the fourth quarter 2023 Return on average assets (ROAA) of 0.73% versus 0.64% for the fourth quarter 2023 Return on average equity (ROAE) of 6.70% versus 6.21% for the fourth quarter 2023 Capital continues to grow: Consolidated equity to assets increased 3.6% to 10.84% as of December 31, 2024 from 10.46% as of December 31, 2023 Book value per share as of December 31, 2024 was $35.56, up from $33.92 as of December 31, 2023 Average Loan and Deposit portfolios continue to grow: On average, total loans were up $104.9 million or 2.1% for the fourth quarter 2024 compared to the fourth quarter 2023 On average, total deposits were up $31.7 million or 0.6% for the fourth quarter 2024 compared to the fourth quarter 2023 GLENVILLE, N.Y., Jan. 21, 2025 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, NASDAQ: TRST) today announced fourth quarter 2024 net income of $11.3 million or $0.59 diluted earnings per share, compared to net income of $9.8 million or $0.52 diluted earnings per share for the fourth quarter 2023; and net income of $48.8 million or $2.57 diluted earnings per share for the full year 2024, compared to net income of $58.6 million or $3.08 diluted earnings per share for the full year 2023.
globenewswire.com
- 4 months ago
TrustCo to Release Fourth Quarter 2024 Results on January 21, 2025; Conference Call on January 22, 2025
GLENVILLE, N.Y., Jan. 10, 2025 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release fourth quarter 2024 results after the market close on January 21, 2025. Results are released on the 21st of the reporting months (January, April, July and October), or on the next day that equity markets are open if the 21st falls on a Friday, weekend or holiday. A conference call to discuss the results will be held at 9:00 a.m. Eastern Time on January 22, 2025. Those wishing to participate in the call may dial toll-free for the United States at 1-833-470-1428, and for Canada at 1-833-950-0062, Access code 645488. A replay of the call will be available for thirty days by dialing toll-free for the United States at 1-866-813-9403, Access code 619481.
globenewswire.com
- 5 months ago
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
globenewswire.com
- 6 months ago
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, or $1.44 per share on an annualized basis. The dividend will be payable on January 2, 2025 to shareholders of record at the close of business on December 6, 2024.
globenewswire.com
- 6 months ago
8. Profile
Summary
TrustCo Bank Corp NY TRST
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 593 M
Dividend Yield
1.18%
Description
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 and wealth management, estate planning and related advice, and custodial services; and acts as trustee for various types of employee benefit plans, and corporate pension and profit-sharing trusts. As of December 31, 2021, it operated through 147 banking offices and 163 automatic teller machines in New York, New Jersey, Vermont, Massachusetts, and Florida. The company was founded in 1902 and is headquartered in Glenville, New York.
Contact
5 Sarnowski Drive, Glenville, NY, 12302
https://www.trustcobank.com
IPO
Date
April 20, 1983
Employees
740
Officers
Ms. Michelle L. Simmonds
Senior Vice President & Chief Lending Officer
Mr. Michael J. Ewell
Senior Vice President & Chief Risk Officer
Mr. Eric W. Schreck
Executive Vice President & Treasurer
Ms. Carly Batista
Senior Vice President & Chief Operating Officer
Mr. Michael M. Ozimek
Executive Vice President & Chief Financial Officer
Mr. Michael James Hall Esq.
General Counsel & Corporate Secretary
Mr. John R. George
Senior Vice President & Chief Retail Banking Officer
Mr. Robert Joseph McCormick
President, Chief Executive Officer & Chairman of the Board
Mr. Robert Michael Leonard
Executive Vice President & Chief Operating Officer
Mr. Kevin M. Curley
Executive Vice President & Chief Banking Officer