Trustco Bank Corp NYTRST
TRST
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
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
957% more call options, than puts
Call options by funds: $486K | Put options by funds: $46K
100% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 11
15% more capital invested
Capital invested by funds: $385M [Q2] → $444M (+$58.2M) [Q3]
8% more funds holding
Funds holding: 134 [Q2] → 145 (+11) [Q3]
4% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 45
0.12% more ownership
Funds ownership: 70.37% [Q2] → 70.49% (+0.12%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for TRST.
Financial journalist opinion
Neutral
GlobeNewsWire
1 week 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
Neutral
GlobeNewsWire
1 month 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.
Neutral
Seeking Alpha
1 month ago
TrustCo Bank Corp NY (TRST) Q3 2024 Earnings Call Transcript
TrustCo Bank Corp NY (NASDAQ:TRST ) Q3 2024 Earnings Conference Call October 22, 2024 9:00 AM ET Company Participants Robert J. McCormick - Chairman, President & Chief Executive Officer Mike Ozimek - Chief Financial Officer Kevin Curley - Executive Vice President, Retail Banking Conference Call Participants Ian Lapey - Gabelli Funds Operator Good day, and welcome to the TrustCo Bank Corp Earnings Call and Webcast.
Neutral
GlobeNewsWire
2 months ago
Trustco Reports Third Quarter 2024 Net Income of $12.9 Million; Skillful Application of Strong Fundamentals Produce Solid Results
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.
Neutral
GlobeNewsWire
2 months ago
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.
Neutral
GlobeNewsWire
4 months ago
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.
Neutral
Seeking Alpha
4 months ago
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.
Positive
Zacks Investment Research
5 months ago
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.
Positive
Seeking Alpha
5 months ago
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.
Neutral
GlobeNewsWire
5 months ago
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.
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