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Trustco Bank Corp Ny  (TRST)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $26.9800 $0.60 2.274%
Day's High: $27 Week Perf: -2.95 %
Day's Low: $ 26.38 30 Day Perf: -2.81 %
Volume (M): 206 52 Wk High: $ 35.11
Volume (M$): $ 5,561 52 Wk Avg: $28.81
Open: $26.38 52 Wk Low: $23.78



 Market Capitalization (Millions $) 514
 Shares Outstanding (Millions) 19
 Employees 787
 Revenues (TTM) (Millions $) 189
 Net Income (TTM) (Millions $) 59
 Cash Flow (TTM) (Millions $) -73
 Capital Exp. (TTM) (Millions $) 6

Trustco Bank Corp Ny

TrustCo Bank Corp NY is a savings and loan holding company having its principal place of business at 5 Sarnowski Drive, Glenville, New York 12302. TrustCo was incorporated under the laws of New York in 1981 to be the parent holding company of The Schenectady Trust Company, which subsequently was renamed to Trustco Bank New York and, later, to Trustco Bank, National Association. The Company’s principal subsidiary, Trustco Bank, is the successor by merger to Trustco Bank, National Association.

Trustco Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships, and corporations. At year end 2015, the Bank operated 156 automatic teller machines and 146 banking offices in Albany, Columbia, Dutchess, Greene, Montgomery, Orange, Rensselaer, Rockland, Saratoga, Schenectady, Schoharie, Ulster, Warren, Washington and Westchester counties of New York, Brevard, Charlotte, Hillsborough, Lake, Manatee, Martin, Orange, Osceola, Palm Beach, Polk, Sarasota, Seminole, and Volusia counties in Florida, Bennington County in Vermont, Berkshire County in Massachusetts and Bergen County in New Jersey. The largest part of such business consists of accepting deposits and making loans and investments. The Bank provides a wide range of both personal and business banking services. The Bank is supervised and regulated by the federal Office of the Comptroller of the Currency (“OCC”) and is a member of the Federal Reserve System. Its deposits are insured by the Federal Deposit Insurance Corporation (“FDIC”) to the extent permitted by law. The Bank’s subsidiary, Trustco Realty Corp., is a real estate investment trust (or “REIT”) that was formed to acquire, hold and manage real estate mortgage assets, including residential mortgage loans and mortgage backed securities. The income earned on these assets, net of expenses, is distributed in the form of dividends. Under current New York State tax law, 60% of the dividends received by the Bank from Trustco Realty Corp. are excluded from total taxable income for New York State income tax purposes.

Trustco Financial Services, the name under which Trustco Bank’s trust department operates, serves as executor of estates and trustee of personal trusts, provides asset and wealth management services, provides estate planning and related advice, provides custodial services, and acts as trustee for various types of employee benefit plans and corporate pension and profit sharing trusts.



   Company Address: 5 SARNOWSKI DRIVE GLENVILLE 12302 NY
   Company Phone Number: 377-3311   Stock Exchange / Ticker: NASDAQ TRST
    Next quarterly dividend pay out on April 01, 2024.


Customers Net Income fell by TRST's Customers Net Profit Margin fell to

-4.36 %

11.29 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BANR   -2.53%    
BK   -0.33%    
BPOP   -2.87%    
CFG   -2.19%    
FITB   -2.51%    
NTRS        1.27% 
• View Complete Report
   



Trustco Bank Corp Ny

Trustco Bank Corp NY Continues to Deliver Consistent Returns Despite Recent Financial Decline

Trustco Bank Corp NY (NASDAQ: TRST) may have seen a decline in earnings and revenue in the most recent fiscal period, but this should not deter investors from seeing the potential for growth in the future. Despite the challenging financial results, Trustco Bank Corp NY has demonstrated its commitment to shareholders by maintaining a strong dividend payout.
The quarterly cash dividend of $0.36 per share, resulting in an annualized payout of $1.44 per share, is a clear indication of Trustco Bank Corp NY's dedication to providing consistent returns to its investors. This dividend announcement reinforces the Board of Directors' confidence in the company's ability to navigate through economic challenges and continue to create value for shareholders.

Dividend

TrustCo Bank Corp NY Shows Strong Capital Support for Consistent Dividend

Published Wed, Feb 21 2024 9:00 PM UTC



In a recent press release, TrustCo Bank Corp NY (NASDAQ: TRST) announced its quarterly cash dividend of $0.36 per share, resulting in an annualized payout of $1.44 per share. This dividend declaration reinforces the TrustCo Board of Directors' commitment to delivering consistent returns to its shareholders. Additionally, this article provides an overview of TrustCo...

Dividend

TrustCo Bank Corp NY's Strong Dividend Support Propels Shares to New Heights

Published Tue, Nov 21 2023 9:00 PM UTC



TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) recently declared a quarterly cash dividend of $0.36 per share, equating to an annualized payout of $1.44 per share. This announcement highlights the company's commitment to consistently rewarding its shareholders. Let's delve into the facts and assess the impact of these developments on TrustCo's shares.
Facts:
...

Trustco Bank Corp Ny

Revised Headline: Trustco Bank Corp NY Witnesses Significant 23.99% Decline in Income per Share during Third Quarter 2023

Trustco Bank Corp NY has experienced a significant increase in its shares over the past five trading days and the past 12 months. The shares have gained 9.34% in the previous five trading days and 37.22% in the past year. Furthermore, the shares are currently trading 16.7% above their 52-week low.
However, the company's financial performance in the third quarter of 2023 was not as positive. Trustco Bank Corp NY reported a decrease in income by -23.99% to $0.77 per share, compared to $1.01 per share in the same period the previous year. Profits also declined by -10.47% from $0.86 per share in the preceding quarter. The revenue decreased by -9.992% to $46.70 million from $51.88 million in the comparable quarter a year ago. Sequentially, revenue decreased by -4.995% from $49.15 million.

Trustco Bank Corp Ny

Trustco Bank Corp Ny Suffers Unexpected Financial Setback in Q2 2023 - What's Behind the Plummeting Income?

Trustco Bank Corp Ny, a regional bank operating in the financial sector, has suffered a significant decline in income in the financial second quarter of 2023. Despite a modest increase in revenue by 1.409%, the company's income was reduced by 7.82% compared to the same period in the previous year. These numbers are concerning for investors and raise doubts about the bank's ability to generate consistent profits.
In the second quarter of 2023, Trustco Bank Corp Ny reported revenue of $49.15 million and earnings per share (EPS) of $0.86. Although the company experienced a 11.47% increase in revenue compared to the previous year, it failed to maintain the previous EPS level, as it decreased by 7.53% from $0.93 per share. This downward trend in EPS shows a deterioration in the company's profitability.






 

Trustco Bank Ny's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Trustco Bank Ny does not provide revenue guidance.

Earnings Outlook
Trustco Bank Corp Ny does not provide earnings estimates.

 
Geographic Revenue Dispersion




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