Trustco Bank Q1 2024 GAAP EPS $0.64 Beats $0.60 Estimate, Sales $41.421M Miss $43.130M Estimate

4/22/24 5:19:18 PM ET

Major Banks

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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.

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Recent Analyst Ratings for
$TRST

Date	Price Target	Rating	Analyst
1/25/2023	$39.00 → $36.00	Neutral → Underweight	Piper Sandler

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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 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
10/21/24 4:00:00 PM ET
$TRST
Major Banks
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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 t
10/10/24 4:00:00 PM ET
$TRST
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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. 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
8/20/24 4:00:00 PM ET
$TRST
Major Banks
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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 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
10/21/24 4:00:00 PM ET
$TRST
Major Banks
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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 t
10/10/24 4:00:00 PM ET
$TRST
Major Banks
Finance
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. 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
8/20/24 4:00:00 PM ET
$TRST
Major Banks
Finance

Trustco Bank Q1 2024 GAAP EPS $0.64 Beats $0.60 Estimate, Sales $41.421M Miss $43.130M Estimate

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Recent Analyst Ratings for $TRST

$TRST Financials

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Trustco Reports Third Quarter 2024 Net Income of $12.9 Million; Skillful Application of Strong Fundamentals Produce Solid Results

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

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TrustCo Bank Corp NY downgraded by Piper Sandler with a new price target

TrustCo Bank Corp NY downgraded by Piper Sandler with a new price target

TrustCo Bank Corp NY downgraded by Piper Sandler

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$TRST SEC Filings

CHAIRMAN, PRESIDENT & CEO Mccormick Robert J exercised 20,001 shares at a strike of $34.12 and covered exercise/tax liability with 18,832 shares, increasing direct ownership by 0.42% to 282,750 units (SEC Form 4)

EVP & CHIEF OPERATING OFFICER Leonard Robert M exercised 4,584 shares at a strike of $33.29 and covered exercise/tax liability with 4,319 shares, increasing direct ownership by 0.83% to 32,325 units (SEC Form 4)

Curley Kevin M bought $14,993 worth of shares (551 units at $27.21), increasing direct ownership by 2% to 35,523 units (SEC Form 4)

SEC Form SC 13G/A filed by TrustCo Bank Corp NY (Amendment)

SEC Form SC 13G/A filed by TrustCo Bank Corp NY (Amendment)

SEC Form SC 13G filed by TrustCo Bank Corp NY

Curley Kevin M bought $14,993 worth of shares (551 units at $27.21), increasing direct ownership by 2% to 35,523 units (SEC Form 4)

Cotugno Steffani bought $11,204 worth of shares (400 units at $28.01) (SEC Form 4)

Hall Michael James bought $13,700 worth of shares (500 units at $27.40), increasing direct ownership by 6% to 9,540 units (SEC Form 4)

Trustco Reports Third Quarter 2024 Net Income of $12.9 Million; Skillful Application of Strong Fundamentals Produce Solid Results

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

SEC Form 10-Q filed by TrustCo Bank Corp NY

TrustCo Bank Corp NY filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

TrustCo Bank Corp NY filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

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

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Trustco Bank Q2 2024 Adj EPS $0.66 Beats $0.53 Estimate