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TrustCo Bank Corp NYNASDAQ: TRST

Profile

Country:

United States

IPO:

20 April 1983

Next earnings report:

22 January 2025

Last dividends:

06 September 2024

Next dividends:

N/A
$624.68 M
-16%vs. 3y high
53%vs. sector
-4%vs. 3y high
43%vs. sector
-26%vs. 3y high
32%vs. sector
-7%vs. 3y high
65%vs. sector

Price

after hours | Fri, 01 Nov 2024 20:20:00 GMT
$32.86-$0.12(-0.36%)
$43.60 M$12.88 M

Analysts recommendations

Institutional Ownership

TRST Latest News

Trustco Reports Third Quarter 2024 Net Income of $12.9 Million; Skillful Application of Strong Fundamentals Produce Solid Results
globenewswire.com21 October 2024 Sentiment: POSITIVE

Executive Snapshot: Average Loan portfolio continues to grow: On average, total loans were up $127.0 million or 2.6% for the third quarter 2024 compared to the third quarter 2023 Continued solid financial results: Key metrics for third quarter 2024: Net income of $12.9 million versus $12.6 million for the second quarter 2024 Net interest income of $38.7 million, up from $37.8 million compared to the second quarter of 2024 Return on average equity (ROAE) of 7.74% versus 7.76% for the second quarter 2024 Capital continues to grow: Consolidated equity to assets increased 6.2% to 10.95% as of September 30, 2024 from 10.31% as of September 30, 2023 Book value per share as of September 30, 2024 was $35.19, up from $34.46 compared to June 30, 2024 GLENVILLE, N.Y., Oct. 21, 2024 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, NASDAQ: TRST) today announced third quarter 2024 net income of $12.9 million or $0.68 diluted earnings per share, compared to net income of $14.7 million or $0.77 diluted earnings per share for the third quarter 2023; and net income of $37.6 million or $1.97 diluted earnings per share for the nine months ended September 30, 2024, compared to net income of $48.9 million or $2.57 diluted earnings per share for the nine months ended September 30, 2023.

Rendering Speculation Unnecessary, TrustCo Delivers Again With a Quarterly Dividend of $0.36 Per Share
globenewswire.com20 August 2024 Sentiment: POSITIVE

GLENVILLE, N.Y., Aug. 20, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on August 20, 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 October 1, 2024 to shareholders of record at the close of business on September 6, 2024.

TrustCo Delivers Once Again With Second Quarter Results Net Interest Margin Up 3.7% on Loan Growth of 3.8%
globenewswire.com22 July 2024 Sentiment: POSITIVE

Executive Snapshot: Average Loan portfolio continues to grow: On average, total loans were up $182.2 million or 3.8% for the second quarter 2024 compared to the second quarter 2023 Continued solid financial results: Key metrics for second quarter 2024: Net income of $12.6 million versus $12.1 million for the first quarter 2024 Net interest income of $37.8 million, up from $36.6 million compared to the first quarter of 2024 Return on average assets (ROAA) of 0.82% compared to 0.80% to the first quarter of 2024 Return on average equity (ROAE) of 7.76% versus 7.54% for the first quarter 2024 Book value per share as of June 30, 2024 was $34.46, up from $34.12 compared to March 31, 2024 Superior asset quality: Nonperforming loans (NPLs) were $19.2 million as of June 30, 2024, down from $19.4 million as of June 30, 2023, and generally continue to remain at low levels NPLs to total loans were 0.38% as of June 30, 2024 compared to 0.40% as of June 30, 2023 Nonperforming assets (NPAs) to total assets was 0.35% as of June 30, 2024 compared to 0.34% as of June 30, 2023 Capital continues to grow: Consolidated equity to assets increased 4.9% to 10.73% as of June 30, 2024 from 10.23% as of June 30, 2023 GLENVILLE, N.Y., July 22, 2024 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, NASDAQ: TRST) today announced second quarter 2024 net income of $12.6 million or $0.66 diluted earnings per share, compared to net income of $16.4 million or $0.86 diluted earnings per share for the second quarter 2023; and net income of $24.7 million or $1.30 diluted earnings per share for the six months ended June 30, 2024, compared to net income of $34.1 million or $1.79 diluted earnings per share for the six months ended June 30, 2023.

Trustco Bank Announces Management Changes – Leonard, Curley, and Others Assume New Roles
globenewswire.com16 July 2024 Sentiment: POSITIVE

GLENVILLE, N.Y., July 16, 2024 (GLOBE NEWSWIRE) -- Robert J. McCormick, Chairman, President, and Chief Executive Officer of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) and Trustco Bank, a subsidiary of TrustCo, announced the appointment of Executive Vice President Robert M. Leonard as Chief Operating Officer of TrustCo and Trustco Bank. Executive Vice President Kevin M. Curley has been named Chief Banking Officer. The following changes also have been made:

TrustCo to Release Second Quarter 2024 Results on July 22, 2024; Conference Call on July 23, 2024
globenewswire.com10 July 2024 Sentiment: POSITIVE

GLENVILLE, N.Y., July 10, 2024 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release second quarter 2024 results after the market close on July 22, 2024. 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 July 23, 2024. 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 332275. 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 270896.

TrustCo Bank (TRST) Rewards Shareholders With Buyback Plan
Zacks Investment Research01 April 2024 Sentiment: POSITIVE

TrustCo Bank's (TRST) board of directors authorizes it to buy back up to 0.2 million shares.

TrustCo to Release Fourth Quarter 2023 Results on January 22, 2024; Conference Call on January 23, 2024
GlobeNewsWire10 January 2024 Sentiment: POSITIVE

GLENVILLE, N.Y., Jan. 10, 2024 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release fourth quarter 2023 results after the market close on January 22, 2024. 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 23, 2024. 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 813290.   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 303906.

TrustCo (TRST) Surges 5.6%: Is This an Indication of Further Gains?
Zacks Investment Research14 December 2023 Sentiment: POSITIVE

TrustCo (TRST) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

TrustCo Bank (TRST) Q3 Earnings Surpass Estimates
Zacks Investment Research23 October 2023 Sentiment: POSITIVE

TrustCo Bank (TRST) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $1.01 per share a year ago.

TrustCo to Release Third Quarter 2023 Results on October 23, 2023; Conference Call on October 24, 2023
GlobeNewsWire10 October 2023 Sentiment: NEUTRAL

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, 2023. 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 October 24, 2023. 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 040076. 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 265872.

What type of business is TrustCo Bank Corp NY?

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 and businesses. 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. It operates through banking offices in Albany, Columbia, Dutchess, Greene, Montgomery, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Schoharie, Ulster, Warren, Washington, and Westchester counties of New York; Brevard, Charlotte, Flagler, Hillsborough, Indian River, Lake, Manatee, Martin, Orange, Osceola, Palm Beach, Polk, Sarasota, Seminole, and Volusia counties in Florida; Bennington County in Vermont; Berkshire County in Massachusetts; and Bergen County in New Jersey, as well as automatic teller machines. The company was founded in 1902 and is headquartered in Glenville, New York.

What sector is TrustCo Bank Corp NY in?

TrustCo Bank Corp NY is in the Financial Services sector

What industry is TrustCo Bank Corp NY in?

TrustCo Bank Corp NY is in the Banks - Regional industry

What country is TrustCo Bank Corp NY from?

TrustCo Bank Corp NY is headquartered in United States

When did TrustCo Bank Corp NY go public?

TrustCo Bank Corp NY initial public offering (IPO) was on 20 April 1983

What is TrustCo Bank Corp NY website?

https://www.trustcobank.com

Is TrustCo Bank Corp NY in the S&P 500?

No, TrustCo Bank Corp NY is not included in the S&P 500 index

Is TrustCo Bank Corp NY in the NASDAQ 100?

No, TrustCo Bank Corp NY is not included in the NASDAQ 100 index

Is TrustCo Bank Corp NY in the Dow Jones?

No, TrustCo Bank Corp NY is not included in the Dow Jones index

When was TrustCo Bank Corp NY the previous earnings report?

No data

When does TrustCo Bank Corp NY earnings report?

The next expected earnings date for TrustCo Bank Corp NY is 22 January 2025