Trustco Bank Corp NY
TRST
Market cap $643M

33.80 USD

-0.69

2.00%

At close Oct 18, 4:00 PM EDT

After hours

33.80

+0.00

0.00%

1 day

-2.00%

5 days

2.89%

1 month

-0.15%

3 months

4.13%

6 months

30.20%

Year to date

8.37%

1 year

25.84%

5 years

-17.06%

About: Trustco Bank Corp N Y is a savings and loan holding company. The core part of a business consists of accepting deposits and making loans and investments. It offers a range of both personal and business banking services. The company's product includes savings accounts; retirement accounts; money market account; mortgages; building loans; auto loans and others. The Company based on only one business segment, that of community banking. TrustCo lends in the geographic territory of its branch locations in New York, Florida, Massachusetts, New Jersey and Vermont.

Employees: 753

Financials State Commercial Banks

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

552% more call options, than puts

Call options by funds: $150K | Put options by funds: $23K

46% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 39

6% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 16

2% more capital invested

Capital invested by funds: $374M [Q1] → $381M (+$7.06M) [Q2]

1% more funds holding

Funds holding: 133 [Q1] → 134 (+1) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

0.19% less ownership

Funds ownership: 69.75% [Q1] → 69.57% (-0.19%) [Q2]

See Fund Rankings

Research analyst outlook

We haven’t received any recent analyst ratings for TRST.

See Analyst Rankings

Financial journalist opinion

TrustCo to Release Third Quarter 2024 Results on October 21, 2024; Conference Call on October 22, 2024

GLENVILLE, N.Y., Oct. 10, 2024 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release third quarter 2024 results after the market close on October 21, 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 October 22, 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 034120. 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 285814.

TrustCo to Release Third Quarter 2024 Results on October 21, 2024; Conference Call on October 22, 2024

Rendering Speculation Unnecessary, TrustCo Delivers Again With a Quarterly Dividend of $0.36 Per Share

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.

Rendering Speculation Unnecessary, TrustCo Delivers Again With a Quarterly Dividend of $0.36 Per Share

TrustCo Bank Corp NY (TRST) Q2 2024 Earnings Call Transcript

TrustCo Bank Corp NY (NASDAQ:TRST ) Q2 2024 Earnings Conference Call July 23, 2024 9:00 AM ET Company Participants Robert McCormick - Chairman, President & CEO Michael Ozimek - CFO Kevin Curley - EVP & Chief Banking Officer Conference Call Participants Ian Lapey - Gabelli Funds Operator Good day, and welcome to the TrustCo Bank Corp Earnings Call Webcast. All participants will be in listen-only mode.

TrustCo Bank Corp NY (TRST) Q2 2024 Earnings Call Transcript

Zacks Investment Research

TrustCo Bank (TRST) Q2 Earnings and Revenues Beat Estimates

TrustCo Bank (TRST) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.86 per share a year ago.

TrustCo Bank (TRST) Q2 Earnings and Revenues Beat Estimates

TrustCo Bank: Very Strong Performance, Run A House Position

TrustCo Bank Corp NY's Q2 earnings exceeded expectations with an improved return on assets and equity. Net interest margin increased, earnings per share beat expectations, and the stock remains attractive at $32.90 per share. TrustCo Bank saw growth in loans and deposits, maintained strong asset quality, and has a safe dividend payout ratio.

TrustCo Bank: Very Strong Performance, Run A House Position

TrustCo Delivers Once Again With Second Quarter Results Net Interest Margin Up 3.7% on Loan Growth of 3.8%

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 Delivers Once Again With Second Quarter Results Net Interest Margin Up 3.7% on Loan Growth of 3.8%

Trustco Bank Announces Management Changes – Leonard, Curley, and Others Assume New Roles

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 Bank Announces Management Changes – Leonard, Curley, and Others Assume New Roles

TrustCo to Release Second Quarter 2024 Results on July 22, 2024; Conference Call on July 23, 2024

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 to Release Second Quarter 2024 Results on July 22, 2024; Conference Call on July 23, 2024

With Steadfast Reliability; TrustCo Reports Quarterly Dividend of $0.36 per Share

GLENVILLE, N.Y., May 21, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on May 21, 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 July 1, 2024 to shareholders of record at the close of business on June 7, 2024.

With Steadfast Reliability; TrustCo Reports Quarterly Dividend of $0.36 per Share

TrustCo Bank Corp NY (TRST) Q1 2024 Earnings Call Transcript

TrustCo Bank Corp NY (NASDAQ:TRST ) Q1 2024 Earnings Conference Call April 23, 2024 9:00 AM ET Company Participants Robert McCormick - Chairman, President & CEO Michael Ozimek - CFO Scot Salvador - EVP Commercial Banking Conference Call Participants Alexander Twerdahl - Piper Sandler Operator Good day, and welcome to the TrustCo Bank Corp Earnings Call and Webcast. All participants will be in listen-only mode.

TrustCo Bank Corp NY (TRST) Q1 2024 Earnings Call Transcript

See News Rankings

Charts implemented using Lightweight Charts™