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, 2020, it operated 148 banking offices and 164 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.
IPO Year:
Exchange: NASDAQ
Website: trustcobank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/25/2023 | $39.00 → $36.00 | Neutral → Underweight | Piper Sandler |
Piper Sandler downgraded TrustCo Bank Corp NY from Neutral to Underweight and set a new price target of $36.00 from $39.00 previously
Piper Sandler downgraded TrustCo Bank Corp NY from Overweight to Neutral and set a new price target of $8.00
Piper Sandler downgraded TrustCo Bank Corp NY from Overweight to Neutral
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: Carly Batista is now Senior Vice President and Chief Operations OfficerMichael Ewell is now Senior Vice President and Chief Risk OfficerJ.R. George is now Senior Vice President and Chief Retail Banking OfficerMichelle Simmonds is now
10-Q - TRUSTCO BANK CORP N Y (0000357301) (Filer)
8-K - TRUSTCO BANK CORP N Y (0000357301) (Filer)
8-K - TRUSTCO BANK CORP N Y (0000357301) (Filer)
8-K - TRUSTCO BANK CORP N Y (0000357301) (Filer)
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10-Q - TRUSTCO BANK CORP N Y (0000357301) (Filer)
8-K - TRUSTCO BANK CORP N Y (0000357301) (Filer)
8-K - TRUSTCO BANK CORP N Y (0000357301) (Filer)
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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 2024Net interest income of $38.7 million, up from $37.8 million compared to the second quarter of 2024Return 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, 2023Book value per share as of September
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 t
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. Chairman, President, and Chief Executive Officer Robert J. McCormick said: "While investors and market-watchers are speculating about what will happen with interest rates, Trustco Bank delivers again this quarter with a consistent and meaningful dividend, as it has done each quarter for over a century. We are very proud that our stren
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 2024Net interest income of $37.8 million, up from $36.6 million compared to the first quarter of 2024Return on average assets (ROAA) of 0.82% compared to 0.80% to the first quarter of 2024Return on average equity (ROAE) of 7.76% versus 7.54% for the first quarter 2024Book value per share as of June 30, 2024 was $34.46, up from $34.12 compared to March 31, 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 d
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. Chairman, President, and Chief Executive Officer Robert J. McCormick said: "In uncertain times, reliability is a virtue. TrustCo shareholders know that the Company has paid a dividend every quarter since 1904. We are very pleased that our operations and careful management continue to support our long-standing tradition of making meaningful dist
GLENVILLE, N.Y., April 10, 2024 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY ((TrustCo, NASDAQ:TRST) today announced that it will release first quarter 2024 results after the market close on April 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 April 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 897430. A replay of the call will be available for thirty
GLENVILLE, N.Y., Feb. 21, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY ((TrustCo, NASDAQ:TRST) on February 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 April 1, 2024 to shareholders of record at the close of business on March 1, 2024. Chairman, President, and Chief Executive Officer Robert J. McCormick said: "We are pleased that our strategic preservation of capital enables us to complete our 119th year paying quarterly dividends. Our management team is justifiably proud of this longevity and optimistic about the opportunities that 2024 undoubtedly will present. Our sh
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
GLENVILLE, N.Y., Nov. 21, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY ((TrustCo, NASDAQ:TRST) on November 21, 2023, 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, 2024 to shareholders of record at the close of business on December 1, 2023. Chairman, President, and Chief Executive Officer Robert J. McCormick said: "We are pleased that our strategic preservation of capital enables us to complete our 119th year paying quarterly dividends. Our management team is justifiably proud of this longevity and optimistic about the opportunities that 2024 undoubtedly will present. O
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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 2024Net interest income of $38.7 million, up from $37.8 million compared to the second quarter of 2024Return 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, 2023Book value per share as of September
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 t
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. Chairman, President, and Chief Executive Officer Robert J. McCormick said: "While investors and market-watchers are speculating about what will happen with interest rates, Trustco Bank delivers again this quarter with a consistent and meaningful dividend, as it has done each quarter for over a century. We are very proud that our stren
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 2024Net interest income of $37.8 million, up from $36.6 million compared to the first quarter of 2024Return on average assets (ROAA) of 0.82% compared to 0.80% to the first quarter of 2024Return on average equity (ROAE) of 7.76% versus 7.54% for the first quarter 2024Book value per share as of June 30, 2024 was $34.46, up from $34.12 compared to March 31, 2024
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: Carly Batista is now Senior Vice President and Chief Operations OfficerMichael Ewell is now Senior Vice President and Chief Risk OfficerJ.R. George is now Senior Vice President and Chief Retail Banking OfficerMichelle Simmonds is now
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 d
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. Chairman, President, and Chief Executive Officer Robert J. McCormick said: "In uncertain times, reliability is a virtue. TrustCo shareholders know that the Company has paid a dividend every quarter since 1904. We are very pleased that our operations and careful management continue to support our long-standing tradition of making meaningful dist
GLENVILLE, N.Y., April 10, 2024 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY ((TrustCo, NASDAQ:TRST) today announced that it will release first quarter 2024 results after the market close on April 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 April 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 897430. A replay of the call will be available for thirty
GLENVILLE, N.Y., March 29, 2024 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY ((TrustCo, NASDAQ:TRST) today announced that its Board of Directors has approved a stock repurchase program. Under the stock repurchase program, TrustCo may repurchase up to 200,000 shares of its common stock, or approximately 1%, 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. Repurchases will be made at management's discretion over the next twelve months at prices management conside
GLENVILLE, N.Y., Feb. 21, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY ((TrustCo, NASDAQ:TRST) on February 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 April 1, 2024 to shareholders of record at the close of business on March 1, 2024. Chairman, President, and Chief Executive Officer Robert J. McCormick said: "We are pleased that our strategic preservation of capital enables us to complete our 119th year paying quarterly dividends. Our management team is justifiably proud of this longevity and optimistic about the opportunities that 2024 undoubtedly will present. Our sh
Trustco Bank (NASDAQ:TRST) reported quarterly earnings of $0.66 per share which beat the analyst consensus estimate of $0.53 by 24.53 percent.
Trustco Bank (NASDAQ:TRST) reported quarterly earnings of $0.64 per share which beat the analyst consensus estimate of $0.60 by 6.67 percent. This is a 31.18 percent decrease over earnings of $0.93 per share from the same period last year. The company reported quarterly sales of $41.421 million which missed the analyst consensus estimate of $43.130 million by 3.96 percent. This is a 19.78 percent decrease over sales of $51.634 million the same period last year.
Companies Reporting Before The Bell • MainStreet Bancshares (NASDAQ:MNSB) is projected to report quarterly earnings at $0.52 per share on revenue of $17.10 million. • Dynex Cap (NYSE:DX) is likely to report quarterly loss at $0.09 per share on revenue of $-570 thousand. • Zions Bancorp (NASDAQ:ZION) is projected to report quarterly earnings at $0.98 per share on revenue of $743.48 million. • Verizon Communications (NYSE:VZ) is likely to report quarterly earnings at $1.12 per share on revenue of $33.24 billion. • HBT Finl (NASDAQ:HBT) is projected to report quarterly earnings at $0.55 per share on revenue of $56.63 million. • AZZ (NYSE:AZZ) is projected to report quarterly earnings at $
Wednesday marks the last chance for investors to receive the next dividend payout from Trustco Bank (NASDAQ:TRST). What's Happening The company announced on Tuesday that it would pay shareholders a quarterly dividend of 36 cents per share. On Thursday, Trustco Bank will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 36 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own TRST as of the end of Wednesday's session are eligible to receive the 36 cents dividen
Trustco Bank (NASDAQ:TRST) reported its Q4 earnings results on Monday, January 22, 2024 at 04:02 PM. Here's what investors need to know about the announcement. Earnings Trustco Bank missed estimated earnings by 21.21%, reporting an EPS of $0.52 versus an estimate of $0.66. Revenue was down $10.88 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.01 which was followed by a 4.28% drop in the share price the next day. Here's a look at Trustco Bank's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.76 0.85 1.02 0.99 EPS Actual 0.77 0.86 0.93 1.10 Revenue Estimate 47.29M 49.58M 53.34M 52.32M Revenue Ac
Trustco Bank (NASDAQ:TRST) reported quarterly earnings of $0.52 per share which missed the analyst consensus estimate of $0.66 by 21.21 percent. The company reported quarterly sales of $43.18 which missed the analyst consensus estimate of $44.90 million by 100.00 percent. This is a 100.00 percent decrease over sales of $53.96 million the same period last year.
Companies Reporting Before The Bell • Bank of Hawaii (NYSE:BOH) is estimated to report quarterly earnings at $1.00 per share on revenue of $161.51 million. • MainStreet Bancshares (NASDAQ:MNSB) is projected to report quarterly earnings at $0.67 per share on revenue of $19.70 million. Companies Reporting After The Bell • Logitech International (NASDAQ:LOGI) is likely to report quarterly earnings at $1.17 per share on revenue of $1.25 billion. • Great Southern Bancorp (NASDAQ:GSBC) is expected to report quarterly earnings at $1.15 per share on revenue of $48.29 million. • Karooooo (NASDAQ:KARO) is estimated to report quarterly earnings at $0.29 per share on revenue of $51.59 million. •
Trustco Bank (NASDAQ:TRST) is set to give its latest quarterly earnings report on Monday, 2024-01-22. Here's what investors need to know before the announcement. Analysts estimate that Trustco Bank will report an earnings per share (EPS) of $0.66. Trustco Bank bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.01, which was followed by a 4.28% drop in the share price
Wednesday marks the last chance for investors to receive the next dividend payout from Trustco Bank (NASDAQ:TRST). What's Happening The company announced on Tuesday that it would pay shareholders a quarterly dividend of 36 cents per share. On Thursday, Trustco Bank will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 36 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own TRST as of the end of Wednesday's session are eligible to receive the 36 cents dividen