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Trustco Bank Corp Ny  (TRST)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $27.0600 $0.42 1.577%
Day's High: $27.1 Week Perf: 1.46 %
Day's Low: $ 26.30 30 Day Perf: -8.4 %
Volume (M): 78 52 Wk High: $ 32.10
Volume (M$): $ 2,111 52 Wk Avg: $28.19
Open: $26.67 52 Wk Low: $23.78



 Market Capitalization (Millions $) 513
 Shares Outstanding (Millions) 19
 Employees 787
 Revenues (TTM) (Millions $) 178
 Net Income (TTM) (Millions $) 53
 Cash Flow (TTM) (Millions $) -27
 Capital Exp. (TTM) (Millions $) 5

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 July 01, 2024.


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

74.19 %

15.09 %

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


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK   -0.54%    
BPOP        0.71% 
CFG        1.56% 
COLB        1.89% 
FITB   -0.61%    
NTRS   -1.41%    
• View Complete Report
   



Dividend

TrustCo Bank Corp NY Declares Quarterly Dividend of $0.36 per Share, showcasing steadfast reliability and shareholder value.

Published Tue, May 21 2024 8:00 PM UTC

With Steadfast Reliability; TrustCo Reports Quarterly Dividend of $0.36 per Share
TrustCo Bank Corp NY (TrustCo) continues to demonstrate its commitment to providing value to its shareholders with the declaration of a quarterly cash dividend of $0.36 per share, or $1.44 per share on an annualized basis. The dividend, which will be payable on July 1, 2024, to shareholders...

Trustco Bank Corp Ny

Financial Challenges Persist for TrustCo Bank Corp NY as Earnings per Share Decline in First Quarter of 2024

Interpreting the recent financial results of TrustCo Bank Corp NY, it is evident that the company has faced some challenges during the first quarter of 2024. The net profit per share dropped by -31.18% compared to the previous year, with a decrease from $0.93 to $0.64 per share. On the positive side, the bottom-line grew by 23.35% from $0.52 per share in the preceding reporting season.
However, the revenue took a significant hit, crumbling by -20.48% from $51.33 million in the same reporting season a year ago to $40.82 million in the first quarter of 2024. Sequentially, there was a decrease of -2.181% from $41.73 million. This decline in revenue is noteworthy and could potentially impact the company's future prospects if the trend continues.

Shares

TrustCo Bank Corp NY Implements Stock Repurchase Program to Bolster Shareholder Value Amid Decline in Stock Price.

Published Fri, Mar 29 2024 8:00 PM UTC

TrustCo Bank Corp NY (TrustCo) recently revealed its plans to implement a stock repurchase program, highlighting their commitment to generating value for shareholders. The Board of Directors has authorized the repurchase of up to 200,000 shares of the company's common stock, equivalent to approximately 1% of the outstanding shares. This announcement comes as part of TrustCo'...

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...






 

Trustco Bank Ny's Segments
 
 
• View Complete Report
  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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