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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 is Pleased to Report First Quarter 2021 Results; Net Income of $14.1 Million and 5.2% Average Residential Loan Growth Year over Year
GLENVILLE, N.Y., April 21, 2021 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, NASDAQ: TRST) today announced first quarter 2021 net income of $14.1 million or $0.146 diluted earnings per share. Average residential loan growth increased 5.2% or $187.5 million...
TrustCo Bank (TRST) Reports Next Week: What to Expect
TrustCo (TRST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
TrustCo Bank: Shaking Things Up
Overall, performance was strong in Q4 and the bank is emerging from the pandemic stronger.
TrustCo Bank Corp NY Announces Stock Repurchase Plan
GLENVILLE, N.Y. , Feb. 18, 2021 (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 2,000,000...
TrustCo to seek approval of reverse stock split
GLENVILLE, N.Y., Feb. 16, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it plans to seek approval for a reverse stock split of TrustCo's common stock at the upcoming...
TrustCo Bank Corp (TRST) CEO, Robert McCormick on Q4 2020 Results - Earnings Call Transcript
TrustCo Bank Corp (TRST) CEO, Robert McCormick on Q4 2020 Results - Earnings Call Transcript
TrustCo Bank (TRST) Q4 Earnings Match Estimates
TrustCo (TRST) delivered earnings and revenue surprises of 0.00% and -1.71%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
TrustCo is Pleased to Report Fourth Quarter and Full Year 2020 Results
GLENVILLE, N.Y., Jan. 21, 2021 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, NASDAQ: TRST) today announced full year 2020 net income of $52.5 million or $0.543 diluted earnings per share, and net income of $13.8 million or $0.143 diluted...
TrustCo to Release Fourth Quarter 2020 Results on January 21, 2021; Conference Call on January 22, 2021
GLENVILLE, N.Y., Jan. 11, 2021 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release fourth quarter 2020 results after the market close on January 21, 2021. Results are released on the 21st of...
TrustCo Bank: Securing A 4% Yield With New York Residential Mortgages
TrustCo Bank is focusing on residential mortgages. The company kept the loan book very robust and the current loan loss allowance is more than twice as high as the loans past due.
Source: https://incomestatements.info
Category: Stock Reports