See more : Afry AB (AFRY.ST) Income Statement Analysis – Financial Results
Complete financial analysis of TrustCo Bank Corp NY (TRST) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of TrustCo Bank Corp NY, a leading company in the Banks – Regional industry within the Financial Services sector.
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TrustCo Bank Corp NY (TRST)
About 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, 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, 2021, it operated through 147 banking offices and 163 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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 190.16M | 189.95M | 178.35M | 170.75M | 174.40M | 178.77M | 172.74M | 165.07M | 161.02M | 161.36M | 155.53M | 155.95M | 150.89M | 36.53M | 131.17M | 115.15M | 114.20M | 113.13M | 132.16M | 131.99M | 126.04M | 123.01M | 121.70M | 114.42M | 108.60M | 107.80M | 102.70M | 94.60M | 95.50M | 84.20M | 91.20M | 82.30M | 52.40M | 38.80M | 38.00M | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 44.06M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -109.55M | 0.00 | -155.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 146.10M | 189.95M | 178.35M | 170.75M | 174.40M | 178.77M | 172.74M | 165.07M | 161.02M | 161.36M | 155.53M | 155.95M | 150.89M | 146.08M | 131.17M | 115.30M | 114.20M | 113.13M | 132.16M | 131.99M | 126.04M | 123.01M | 121.70M | 114.42M | 108.60M | 107.80M | 102.70M | 94.60M | 95.50M | 84.20M | 91.20M | 82.30M | 52.40M | 38.80M | 38.00M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 76.83% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 399.90% | 100.00% | 100.13% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 55.54M | 49.06M | 60.12M | 55.62M | 56.02M | 52.35M | 51.25M | 48.69M | 44.72M | 42.14M | 41.52M | 40.22M | 38.51M | 38.97M | 40.31M | 30.40M | 20.27M | 18.43M | 20.62M | 20.70M | 20.45M | 22.34M | 25.88M | 23.25M | 25.00M | 23.40M | 23.20M | 21.50M | 19.90M | 18.20M | 16.60M | 15.90M | 11.70M | 9.90M | 9.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 1.88M | 2.05M | 1.98M | 1.92M | 2.52M | 3.02M | 2.58M | 2.52M | 2.59M | 2.49M | 2.83M | 3.84M | 2.78M | 2.72M | 2.96M | 2.35M | 2.34M | 2.28M | 1.42M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 900.00K | 1.00M | 2.20M | 1.50M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 94.44M | 51.11M | 62.09M | 57.54M | 58.54M | 55.37M | 53.83M | 51.21M | 47.31M | 44.62M | 44.35M | 44.06M | 41.29M | 41.69M | 43.27M | 32.75M | 22.61M | 20.70M | 20.62M | 20.70M | 20.45M | 22.34M | 25.88M | 23.25M | 25.00M | 23.40M | 23.20M | 21.50M | 19.90M | 19.10M | 17.60M | 18.10M | 13.20M | 9.90M | 9.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 0.00 | -30.52M | -158.30M | -158.84M | -156.43M | -134.25M | -135.23M | -132.68M | -125.38M | -118.91M | -121.07M | -120.06M | -113.55M | -108.85M | -81.71M | -23.69M | 14.28M | 4.75M | -17.30M | -30.56M | -29.40M | -21.06M | -9.37M | 515.00K | -1.70M | 11.60M | 11.70M | 12.20M | 3.10M | -7.10M | -14.30M | 2.80M | 10.50M | 14.00M | 7.20M | 7.80M | 6.80M | 5.70M | 4.90M |
| Operating Expenses | 94.44M | 2.05M | -96.21M | -101.30M | -97.89M | -78.89M | -81.40M | -81.47M | -78.06M | -74.28M | -76.72M | -76.00M | -72.26M | -67.17M | -38.44M | 9.06M | 36.89M | 25.45M | 3.33M | -9.86M | -8.95M | 1.27M | 16.51M | 23.77M | 23.30M | 35.00M | 34.90M | 33.70M | 23.00M | 12.00M | 3.30M | 20.90M | 23.70M | 23.90M | 16.50M | 7.80M | 6.80M | 5.70M | 4.90M |
| Cost & Expenses | 94.44M | 2.05M | -96.21M | -101.30M | -97.89M | -78.89M | -81.40M | -81.47M | -78.06M | -74.28M | -76.72M | -76.00M | -72.26M | -109.55M | -38.44M | -155.00K | 36.89M | 25.45M | 3.33M | -9.86M | -8.95M | 1.27M | 16.51M | 23.77M | 23.30M | 35.00M | 34.90M | 33.70M | 23.00M | 12.00M | 3.30M | 20.90M | 23.70M | 23.90M | 16.50M | 7.80M | 6.80M | 5.70M | 4.90M |
| Interest Income | 226.21M | 186.60M | 167.98M | 178.29M | 192.13M | 180.91M | 168.96M | 161.36M | 159.35M | 156.94M | 151.05M | 154.96M | 160.75M | 39.61M | 161.36M | 170.92M | 189.42M | 169.21M | 150.17M | 138.79M | 137.13M | 153.74M | 168.66M | 173.70M | 167.20M | 174.10M | 172.00M | 166.60M | 161.60M | 140.30M | 133.70M | 143.30M | 100.90M | 81.50M | 73.20M | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 54.36M | 6.47M | 7.57M | 24.71M | 36.32M | 20.23M | 14.59M | 15.30M | 16.20M | 15.49M | 15.28M | 19.98M | 26.24M | 7.68M | 49.45M | 74.06M | 92.98M | 70.94M | 45.66M | 38.76M | 40.74M | 58.02M | 72.76M | 75.65M | 74.00M | 88.40M | 86.50M | 82.30M | 80.20M | 60.70M | 61.70M | 76.40M | 58.30M | 48.40M | 41.70M | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 10.79M | 10.55M | 10.58M | 10.14M | 9.99M | 4.11M | 3.82M | 4.04M | 4.55M | 4.78M | 5.02M | 5.03M | 4.84M | 4.73M | 4.50M | 3.78M | 3.12M | 2.67M | 2.69M | 1.90M | 2.49M | 2.17M | 2.72M | 2.74M | 2.20M | 2.50M | 3.30M | 3.00M | 3.60M | 2.70M | 2.40M | 2.20M | 1.20M | 900.00K | 900.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 88.40M | 109.97M | 92.72M | 79.58M | 86.50M | 83.76M | 80.56M | 72.33M | 71.31M | 76.37M | 68.55M | 65.01M | 57.22M | 48.64M | 47.78M | 54.09M | 61.22M | 70.31M | 92.53M | 85.29M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.80M | 6.80M | 5.70M | 4.90M |
| EBITDA Ratio | 46.49% | 55.74% | 52.00% | 46.63% | 49.57% | 58.17% | 55.09% | 53.09% | 54.35% | 56.92% | 53.90% | 54.49% | 55.32% | 228.98% | 74.13% | 111.28% | 135.03% | 124.86% | 104.55% | 93.97% | 94.88% | 102.80% | 115.80% | 123.17% | 123.48% | 134.79% | 137.20% | 138.79% | 127.85% | 117.46% | 106.25% | 128.07% | 147.52% | 163.92% | 145.79% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 94.47M | 95.33M | 82.13M | 69.45M | 76.51M | 99.88M | 91.34M | 83.59M | 82.96M | 87.08M | 78.81M | 79.95M | 78.63M | 78.91M | 92.73M | 124.37M | 151.09M | 138.58M | 135.49M | 122.14M | 117.09M | 124.29M | 138.21M | 138.19M | 131.90M | 142.80M | 137.60M | 128.30M | 118.50M | 96.20M | 94.50M | 103.20M | 76.10M | 62.70M | 54.50M | 7.80M | 6.80M | 5.70M | 4.90M |
| Operating Income Ratio | 49.68% | 50.19% | 46.05% | 40.67% | 43.87% | 55.87% | 52.88% | 50.64% | 51.52% | 53.96% | 50.67% | 51.27% | 52.11% | 216.03% | 70.70% | 108.00% | 132.30% | 122.50% | 102.52% | 92.53% | 92.90% | 101.04% | 113.57% | 120.77% | 121.45% | 132.47% | 133.98% | 135.62% | 124.08% | 114.25% | 103.62% | 125.39% | 145.23% | 161.60% | 143.42% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -16.86M | -13.57M | -12.12M | -10.61M | -11.07M | -14.25M | -14.79M | -17.99M | -19.04M | -14.68M | -16.50M | -7.04M | -4.84M | -4.73M | -4.50M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -40.74M | -58.02M | -72.76M | -75.65M | -74.00M | -88.40M | -86.50M | -82.30M | -80.20M | -60.70M | -58.40M | -76.40M | -58.30M | -48.40M | -41.70M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 77.61M | 99.42M | 82.13M | 69.45M | 76.51M | 79.65M | 76.75M | 68.29M | 66.76M | 71.59M | 63.53M | 59.98M | 52.39M | 10.37M | 43.28M | 50.31M | 58.10M | 67.64M | 89.83M | 83.38M | 76.35M | 66.27M | 65.45M | 62.54M | 57.90M | 54.40M | 51.10M | 46.00M | 38.30M | 35.50M | 36.10M | 26.80M | 17.80M | 14.30M | 12.80M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 40.81% | 52.34% | 46.05% | 40.67% | 43.87% | 44.56% | 44.43% | 41.37% | 41.46% | 44.37% | 40.85% | 38.46% | 34.72% | 28.39% | 33.00% | 43.69% | 50.88% | 59.79% | 67.97% | 63.17% | 60.58% | 53.87% | 53.78% | 54.66% | 53.31% | 50.46% | 49.76% | 48.63% | 40.10% | 42.16% | 39.58% | 32.56% | 33.97% | 36.86% | 33.68% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 18.97M | 24.18M | 20.61M | 16.99M | 18.67M | 18.21M | 33.60M | 25.69M | 24.52M | 27.40M | 23.72M | 22.44M | 19.30M | 3.47M | 15.16M | 16.23M | 18.64M | 22.31M | 30.85M | 26.84M | 23.32M | 17.02M | 19.94M | 20.84M | 19.70M | 19.40M | 18.90M | 17.30M | 12.80M | 12.60M | 12.50M | 9.30M | 4.90M | 3.70M | 3.40M | -7.80M | -6.80M | -5.70M | -4.90M |
| Net Income | 58.65M | 75.23M | 61.52M | 52.45M | 57.84M | 61.45M | 43.15M | 42.60M | 42.24M | 44.19M | 39.81M | 37.53M | 33.09M | 6.90M | 28.12M | 34.08M | 39.47M | 45.33M | 58.99M | 56.54M | 53.03M | 49.24M | 45.51M | 41.70M | 38.20M | 35.00M | 32.20M | 28.70M | 25.50M | 22.90M | 20.30M | 17.50M | 12.90M | 10.60M | 9.40M | 7.80M | 6.80M | 5.70M | 4.90M |
| Net Income Ratio | 30.84% | 39.61% | 34.49% | 30.72% | 33.17% | 34.37% | 24.98% | 25.81% | 26.23% | 27.39% | 25.60% | 24.07% | 21.93% | 18.90% | 21.44% | 29.59% | 34.56% | 40.07% | 44.63% | 42.84% | 42.07% | 40.03% | 37.40% | 36.45% | 35.17% | 32.47% | 31.35% | 30.34% | 26.70% | 27.20% | 22.26% | 21.26% | 24.62% | 27.32% | 24.74% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 3.08 | 3.93 | 3.19 | 2.72 | 2.99 | 3.18 | 2.25 | 2.23 | 2.22 | 2.34 | 2.11 | 2.00 | 1.95 | 0.45 | 1.84 | 2.25 | 2.63 | 3.03 | 3.94 | 3.81 | 3.57 | 3.39 | 3.20 | 2.95 | 2.69 | 2.46 | 3.00 | 2.70 | 1.76 | 1.45 | 1.48 | 1.25 | 1.21 | 1.10 | 0.98 | 0.83 | 0.72 | 0.61 | 0.53 |
| EPS Diluted | 3.08 | 3.93 | 3.19 | 2.72 | 2.98 | 3.18 | 2.24 | 2.23 | 2.22 | 2.33 | 2.11 | 2.00 | 1.95 | 0.45 | 1.84 | 2.25 | 2.63 | 3.02 | 3.91 | 3.77 | 3.52 | 3.30 | 3.10 | 2.86 | 2.58 | 2.38 | 2.90 | 2.60 | 1.76 | 1.45 | 1.44 | 1.25 | 1.21 | 1.10 | 0.98 | 0.83 | 0.72 | 0.61 | 0.53 |
| Weighted Avg Shares Out | 19.02M | 19.13M | 19.26M | 19.30M | 19.37M | 19.30M | 19.22M | 19.11M | 19.02M | 18.93M | 18.83M | 18.73M | 17.01M | 15.39M | 15.30M | 15.15M | 15.04M | 14.98M | 14.99M | 14.86M | 14.88M | 14.53M | 14.22M | 14.15M | 14.22M | 14.24M | 10.73M | 10.63M | 14.45M | 15.79M | 13.75M | 14.01M | 10.65M | 9.66M | 9.55M | 9.37M | 9.46M | 9.41M | 9.25M |
| Weighted Avg Shares Out (Dil) | 19.03M | 19.13M | 19.26M | 19.30M | 19.39M | 19.33M | 19.24M | 19.13M | 19.04M | 18.95M | 18.84M | 18.73M | 17.01M | 15.39M | 15.30M | 15.16M | 15.04M | 15.03M | 15.09M | 15.02M | 15.07M | 14.92M | 14.68M | 14.60M | 14.79M | 14.69M | 11.10M | 11.04M | 14.46M | 15.79M | 14.12M | 14.01M | 10.65M | 9.66M | 9.55M | 9.37M | 9.46M | 9.41M | 9.25M |
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...
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...
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...
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...
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...
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: 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...
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...
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...
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...
Source: https://incomestatements.info
Category: Stock Reports