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TrustCo Bank Corp NY (TRST) Financials

TrustCo Bank Corp NY logo
$36.22 -0.26 (-0.70%)
As of 12:07 PM Eastern
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Annual Income Statements for TrustCo Bank Corp NY

Annual Income Statements for TrustCo Bank Corp NY

This table shows TrustCo Bank Corp NY's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 75 59 49
Consolidated Net Income / (Loss)		 75 59 49
Net Income / (Loss) Continuing Operations		 75 59 49
Total Pre-Tax Income 		99 78 64
Total Revenue		 199 190 172
Net Interest Income / (Expense)		 180 172 152
Total Interest Income		 187 226 243
Loans and Leases Interest Income		 163 188 206
Investment Securities Interest Income		 9.79 12 11
Federal Funds Sold and Securities Borrowed Interest Income		 14 27 26
Total Interest Expense		 6.47 54 91
Deposits Interest Expense		 5.73 53 91
Short-Term Borrowings Interest Expense		 0.74 1.01 0.79
Total Non-Interest Income		 19 18 20
Other Service Charges		 12 12 11
Net Realized & Unrealized Capital Gains on Investments		 0.00 0.00 1.38
Other Non-Interest Income		 7.04 6.43 7.25
Provision for Credit Losses		 -0.34 1.25 2.00
Total Non-Interest Expense		 100 111 106
Salaries and Employee Benefits		 46 51 48
Net Occupancy & Equipment Expense		 24 25 26
Marketing Expense		 2.05 1.88 1.80
Other Operating Expenses		 28 33 30
Income Tax Expense		 24 19 15
Basic Earnings per Share		 $3.93 $3.08 $2.57
Weighted Average Basic Shares Outstanding		 19.02M 19.02M 19.02M
Diluted Earnings per Share		 $3.93 $3.08 $2.57
Weighted Average Diluted Shares Outstanding		 19.02M 19.02M 19.02M
Weighted Average Basic & Diluted Shares Outstanding		 19.02M 19.02M 19.02M
Cash Dividends to Common per Share		 $1.41 $1.44 $1.44

Quarterly Income Statements for TrustCo Bank Corp NY

This table shows TrustCo Bank Corp NY's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 19 21 18 16 15 9.85 12 13 13 11
Consolidated Net Income / (Loss)		 19 21 18 16 15 9.85 12 13 13 11
Net Income / (Loss) Continuing Operations		 19 21 18 16 15 9.85 12 13 13 11
Total Pre-Tax Income 		26 28 24 22 19 13 16 16 17 15
Total Revenue		 52 54 52 49 47 43 41 43 44 43
Net Interest Income / (Expense)		 48 49 47 44 42 39 37 38 39 39
Total Interest Income		 49 52 54 56 58 59 60 61 61 62
Loans and Leases Interest Income		 41 43 44 46 48 49 50 51 52 53
Investment Securities Interest Income		 2.84 3.03 3.00 2.94 2.81 2.94 3.05 2.88 2.63 2.61
Federal Funds Sold and Securities Borrowed Interest Income		 5.22 6.25 6.56 6.97 6.69 6.35 6.75 6.89 6.17 6.13
Total Interest Expense		 1.25 2.90 6.97 12 15 20 23 23 22 23
Deposits Interest Expense		 1.13 2.69 6.68 12 15 20 23 23 22 23
Short-Term Borrowings Interest Expense		 0.12 0.21 0.29 0.28 0.24 0.20 0.20 0.21 0.19 0.19
Total Non-Interest Income		 4.39 4.78 4.67 4.60 4.57 4.47 4.84 5.65 4.93 4.41
Other Service Charges		 2.95 3.00 2.90 3.19 2.95 2.86 3.03 2.68 2.86 2.63
Other Non-Interest Income		 1.44 1.77 1.77 1.41 1.63 1.61 1.82 1.61 2.04 1.78
Provision for Credit Losses		 0.30 0.05 0.30 -0.50 0.10 1.35 0.60 0.50 0.50 0.40
Total Non-Interest Expense		 26 26 28 27 27 29 25 26 26 28
Salaries and Employee Benefits		 12 13 13 13 12 12 11 13 12 12
Net Occupancy & Equipment Expense		 6.02 5.96 6.56 6.14 6.28 6.06 6.35 6.37 6.03 6.97
Marketing Expense		 0.51 0.53 0.39 0.52 0.59 0.38 0.41 0.47 0.34 0.59
Other Operating Expenses		 7.49 6.85 7.45 7.55 8.20 9.94 6.72 7.11 7.70 8.54
Income Tax Expense		 6.37 6.60 5.91 5.45 4.56 3.05 3.79 3.93 4.03 3.47
Basic Earnings per Share		 $1.01 $1.10 $0.93 $0.86 $0.77 $0.52 $0.64 $0.66 $0.68 $0.59
Weighted Average Basic Shares Outstanding		 19.05M 19.02M 19.02M 19.02M 19.02M 19.02M 19.02M 19.01M 19.01M 19.02M
Diluted Earnings per Share		 $1.01 $1.10 $0.93 $0.86 $0.77 $0.52 $0.64 $0.66 $0.68 $0.59
Weighted Average Diluted Shares Outstanding		 19.05M 19.02M 19.02M 19.02M 19.02M 19.02M 19.02M 19.01M 19.01M 19.02M
Weighted Average Basic & Diluted Shares Outstanding		 19.05M 19.02M 19.02M 19.02M 19.02M 19.02M 19.02M 19.01M 19.01M 19.02M

Annual Cash Flow Statements for TrustCo Bank Corp NY

This table details how cash moves in and out of TrustCo Bank Corp NY's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -569 -73 64
Net Cash From Operating Activities		 79 64 59
Net Cash From Continuing Operating Activities		 79 64 59
Net Income / (Loss) Continuing Operations		 75 59 49
Consolidated Net Income / (Loss)		 75 59 49
Provision For Loan Losses		 -0.34 1.25 2.00
Depreciation Expense		 4.10 4.11 4.54
Amortization Expense		 8.72 8.41 1.14
Non-Cash Adjustments to Reconcile Net Income		 3.75 2.15 1.06
Changes in Operating Assets and Liabilities, net		 -13 -10 1.88
Net Cash From Investing Activities		 -417 -234 -3.75
Net Cash From Continuing Investing Activities		 -417 -234 -3.75
Purchase of Property, Leasehold Improvements and Equipment		 -3.79 -5.67 -4.88
Purchase of Investment Securities		 -204 -20 -43
Sale of Property, Leasehold Improvements and Equipment		 0.47 0.00 0.71
Sale and/or Maturity of Investments		 -210 -208 43
Net Cash From Financing Activities		 -231 97 8.12
Net Cash From Continuing Financing Activities		 -231 97 8.12
Net Change in Deposits		 -75 158 40
Issuance of Debt		 - -34 -4.21
Repurchase of Common Equity		 -7.00 0.00 -0.37
Payment of Dividends		 -27 -27 -27
Other Financing Activities, Net		 0.43 0.00 -0.10
Cash Interest Paid		 6.03 51 91
Cash Income Taxes Paid		 19 19 8.87

Quarterly Cash Flow Statements for TrustCo Bank Corp NY

This table details how cash moves in and out of TrustCo Bank Corp NY's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 -205 -191 -14 -34 -96 71 32 -74 -13 119
Net Cash From Operating Activities		 23 23 19 16 12 18 9.90 19 16 14
Net Cash From Continuing Operating Activities		 23 23 19 16 12 18 9.90 19 16 14
Net Income / (Loss) Continuing Operations		 19 21 18 16 15 9.85 12 13 13 11
Consolidated Net Income / (Loss)		 19 21 18 16 15 9.85 12 13 13 11
Provision For Loan Losses		 0.30 0.05 0.30 -0.50 0.10 1.35 0.60 0.50 0.50 0.40
Depreciation Expense		 1.03 1.01 1.01 1.01 1.03 1.06 1.09 1.05 1.05 1.36
Amortization Expense		 2.12 2.08 0.46 3.71 2.07 2.17 0.35 3.60 -3.04 0.24
Non-Cash Adjustments to Reconcile Net Income		 0.22 2.64 3.30 -1.41 0.18 0.07 3.26 -3.22 0.99 0.03
Changes in Operating Assets and Liabilities, net		 -0.21 -3.87 -4.04 -3.52 -6.19 3.31 -7.52 4.24 4.11 1.03
Net Cash From Investing Activities		 -81 -114 -57 -68 -66 -42 19 -2.21 -12 -8.66
Net Cash From Continuing Investing Activities		 -81 -114 -57 -68 -66 -42 19 -2.21 -12 -8.66
Purchase of Property, Leasehold Improvements and Equipment		 -0.58 -1.64 -0.76 -1.06 -0.82 -3.04 -0.50 -1.11 -0.93 -2.34
Purchase of Investment Securities		 -101 172 -71 -87 -76 215 -25 -33 -50 65
Sale of Property, Leasehold Improvements and Equipment		 - 0.00 - - - - - - 0.04 0.65
Sale and/or Maturity of Investments		 20 -285 15 21 11 -254 44 32 39 -72
Net Cash From Financing Activities		 -147 -99 24 19 -42 95 2.93 -90 -18 113
Net Cash From Continuing Financing Activities		 -147 -99 24 19 -42 95 2.93 -90 -18 113
Net Change in Deposits		 -115 -89 20 46 -24 116 4.39 -78 -13 127
Issuance of Debt		 -22 - 12 - - - 5.38 - - -6.67
Payment of Dividends		 -6.70 -6.84 -6.86 -6.80 -6.85 -6.88 -6.85 -6.85 -6.85 -6.86
Cash Interest Paid		 1.23 2.46 6.13 4.46 2.87 38 23 23 22 23

Annual Balance Sheets for TrustCo Bank Corp NY

This table presents TrustCo Bank Corp NY's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets		 6,000 6,168 6,239
Cash and Due from Banks		 43 49 47
Interest Bearing Deposits at Other Banks		 607 529 594
Trading Account Securities		 489 459 364
Loans and Leases, Net of Allowance		 4,687 4,954 5,048
Loans and Leases		 4,733 5,003 5,098
Allowance for Loan and Lease Losses		 46 49 50
Premises and Equipment, Net		 33 34 34
Other Assets		 141 143 152
Total Liabilities & Shareholders' Equity		 6,000 6,168 6,239
Total Liabilities		 5,400 5,523 5,562
Interest Bearing Deposits		 5,193 5,351 5,391
Short-Term Debt		 123 89 85
Other Long-Term Liabilities		 85 83 87
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 600 645 676
Total Preferred & Common Equity		 600 645 676
Total Common Equity		 600 645 676
Common Stock		 277 277 279
Retained Earnings		 394 425 447
Treasury Stock		 -44 -44 -45
Accumulated Other Comprehensive Income / (Loss)		 -27 -13 -3.86

Quarterly Balance Sheets for TrustCo Bank Corp NY

This table presents TrustCo Bank Corp NY's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 6,079 6,046 6,076 6,054 6,180 6,107 6,110
Cash and Due from Banks		 46 48 56 46 45 42 50
Interest Bearing Deposits at Other Banks		 795 589 548 461 565 494 473
Trading Account Securities		 476 484 460 457 432 401 389
Loans and Leases, Net of Allowance		 4,584 4,753 4,840 4,913 4,956 4,989 5,021
Loans and Leases		 4,629 4,800 4,887 4,960 5,006 5,038 5,071
Allowance for Loan and Lease Losses		 46 47 47 47 49 50 50
Premises and Equipment, Net		 32 32 32 32 33 33 33
Other Assets		 146 140 140 145 148 147 143
Total Liabilities & Shareholders' Equity		 6,079 6,046 6,076 6,054 6,180 6,107 6,110
Total Liabilities		 5,490 5,431 5,454 5,430 5,530 5,451 5,441
Interest Bearing Deposits		 5,282 5,212 5,258 5,234 5,355 5,277 5,264
Short-Term Debt		 125 134 114 103 94 90 91
Other Long-Term Liabilities		 84 84 82 93 81 85 85
Total Equity & Noncontrolling Interests		 589 615 621 624 649 655 669
Total Preferred & Common Equity		 589 615 621 624 649 655 669
Total Common Equity		 589 615 621 624 649 655 669
Common Stock		 277 277 277 277 277 278 278
Retained Earnings		 380 405 414 422 430 436 442
Treasury Stock		 -42 -44 -44 -44 -44 -44 -44
Accumulated Other Comprehensive Income / (Loss)		 -25 -23 -26 -32 -15 -14 -6.60

Annual Metrics And Ratios for TrustCo Bank Corp NY

This table displays calculated financial ratios and metrics derived from TrustCo Bank Corp NY's official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - -
Revenue Growth		 11.80% -4.63% -9.67%
EBITDA Growth		 24.28% -19.69% -22.64%
EBIT Growth		 21.04% -21.93% -17.48%
NOPAT Growth		 22.29% -22.05% -16.73%
Net Income Growth		 22.29% -22.05% -16.73%
EPS Growth		 23.20% -21.63% -16.56%
Operating Cash Flow Growth		 42.01% -18.44% -7.31%
Free Cash Flow Firm Growth		 14,484.41% -76.28% -53.28%
Invested Capital Growth		 -14.56% 1.60% 3.66%
Revenue Q/Q Growth		 4.81% -5.41% 0.13%
EBITDA Q/Q Growth		 6.74% -13.83% 0.30%
EBIT Q/Q Growth		 6.28% -15.84% 2.97%
NOPAT Q/Q Growth		 6.62% -15.87% 3.02%
Net Income Q/Q Growth		 6.62% -15.87% 3.02%
EPS Q/Q Growth		 6.22% -15.85% 2.80%
Operating Cash Flow Q/Q Growth		 17.22% -7.22% -5.53%
Free Cash Flow Firm Q/Q Growth		 13.95% -16.87% 57.42%
Invested Capital Q/Q Growth		 1.23% 1.00% 0.09%
Profitability Metrics		 - - -
EBITDA Margin		 56.29% 47.40% 40.59%
EBIT Margin		 49.86% 40.81% 37.29%
Profit (Net Income) Margin		 37.73% 30.84% 28.43%
Tax Burden Percent		 75.68% 75.56% 76.25%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 24.32% 24.44% 23.75%
Return on Invested Capital (ROIC)		 9.59% 8.05% 6.53%
ROIC Less NNEP Spread (ROIC-NNEP)		 9.59% 8.05% 6.53%
Return on Net Nonoperating Assets (RNNOA)		 2.56% 1.37% 0.86%
Return on Equity (ROE)		 12.16% 9.42% 7.39%
Cash Return on Invested Capital (CROIC)		 25.29% 6.46% 2.94%
Operating Return on Assets (OROA)		 1.63% 1.28% 1.03%
Return on Assets (ROA)		 1.23% 0.96% 0.79%
Return on Common Equity (ROCE)		 12.16% 9.42% 7.39%
Return on Equity Simple (ROE_SIMPLE)		 12.54% 9.09% 7.22%
Net Operating Profit after Tax (NOPAT)		 75 59 49
NOPAT Margin		 37.73% 30.84% 28.43%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 36.09% 41.10% 44.05%
Operating Expenses to Revenue		 50.31% 58.53% 61.55%
Earnings before Interest and Taxes (EBIT)		 99 78 64
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 112 90 70
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.07 0.86 0.93
Price to Tangible Book Value (P/TBV)		 1.07 0.86 0.93
Price to Revenue (P/Rev)		 3.23 2.93 3.64
Price to Earnings (P/E)		 8.55 9.50 12.82
Dividend Yield		 4.18% 4.92% 4.37%
Earnings Yield		 11.70% 10.53% 7.80%
Enterprise Value to Invested Capital (EV/IC)		 0.16 0.09 0.09
Enterprise Value to Revenue (EV/Rev)		 0.58 0.36 0.40
Enterprise Value to EBITDA (EV/EBITDA)		 1.03 0.76 0.99
Enterprise Value to EBIT (EV/EBIT)		 1.16 0.88 1.08
Enterprise Value to NOPAT (EV/NOPAT)		 1.53 1.16 1.41
Enterprise Value to Operating Cash Flow (EV/OCF)		 1.47 1.06 1.16
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.58 1.45 3.14
Leverage & Solvency		 - - -
Debt to Equity		 0.20 0.14 0.13
Long-Term Debt to Equity		 0.00 0.00 0.00
Financial Leverage		 0.27 0.17 0.13
Leverage Ratio		 9.85 9.77 9.39
Compound Leverage Factor		 9.85 9.77 9.39
Debt to Total Capital		 16.98% 12.12% 11.14%
Short-Term Debt to Total Capital		 16.98% 12.12% 11.14%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 83.02% 87.88% 88.86%
Debt to EBITDA		 1.09 0.99 1.22
Net Debt to EBITDA		 -4.70 -5.43 -7.99
Long-Term Debt to EBITDA		 0.00 0.00 0.00
Debt to NOPAT		 1.63 1.52 1.74
Net Debt to NOPAT		 -7.02 -8.34 -11.41
Long-Term Debt to NOPAT		 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 198 47 22
Operating Cash Flow to CapEx		 2,371.83% 1,131.82% 1,425.13%
Free Cash Flow to Firm to Interest Expense		 30.67 0.87 0.24
Operating Cash Flow to Interest Expense		 12.16 1.18 0.65
Operating Cash Flow Less CapEx to Interest Expense		 11.65 1.08 0.60
Efficiency Ratios		 - - -
Asset Turnover		 0.03 0.03 0.03
Fixed Asset Turnover		 6.08 5.71 5.07
Capital & Investment Metrics		 - - -
Invested Capital		 723 734 761
Invested Capital Turnover		 0.25 0.26 0.23
Increase / (Decrease) in Invested Capital		 -123 12 27
Enterprise Value (EV)		 115 68 69
Market Capitalization		 643 557 626
Book Value per Share		 $31.49 $33.92 $35.58
Tangible Book Value per Share		 $31.49 $33.92 $35.58
Total Capital		 723 734 761
Total Debt		 123 89 85
Total Long-Term Debt		 0.00 0.00 0.00
Net Debt		 -528 -489 -557
Capital Expenditures (CapEx)		 3.32 5.67 4.17
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 123 89 85
Total Depreciation and Amortization (D&A)		 13 13 5.68
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $3.93 $3.08 $2.57
Adjusted Weighted Average Basic Shares Outstanding		 19.02M 19.02M 19.02M
Adjusted Diluted Earnings per Share		 $3.93 $3.08 $2.57
Adjusted Weighted Average Diluted Shares Outstanding		 19.02M 19.02M 19.02M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 19.02M 19.02M 19.02M
Normalized Net Operating Profit after Tax (NOPAT)		 75 59 49
Normalized NOPAT Margin		 37.73% 30.84% 28.43%
Pre Tax Income Margin		 49.86% 40.81% 37.29%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 15.37 1.43 0.70
NOPAT to Interest Expense		 11.63 1.08 0.53
EBIT Less CapEx to Interest Expense		 14.86 1.32 0.66
NOPAT Less CapEx to Interest Expense		 11.12 0.97 0.49
Payout Ratios		 - - -
Dividend Payout Ratio		 35.88% 46.70% 56.13%
Augmented Payout Ratio		 45.19% 46.70% 56.89%

Quarterly Metrics And Ratios for TrustCo Bank Corp NY

This table displays calculated financial ratios and metrics derived from TrustCo Bank Corp NY's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 18.10% 20.40% 14.04% 1.40% -10.32% -20.16% -19.78% -10.71% -6.82% 0.53%
EBITDA Growth		 36.39% 30.15% 2.82% -6.27% -22.69% -47.27% -30.94% -20.42% -33.24% 1.29%
EBIT Growth		 15.48% 27.18% 4.14% -6.99% -25.26% -53.10% -32.71% -24.48% -12.13% 14.31%
NOPAT Growth		 15.52% 28.75% 3.84% -8.39% -24.19% -52.90% -31.67% -23.34% -12.30% 14.55%
Net Income Growth		 15.52% 28.75% 3.84% -8.39% -24.19% -52.90% -31.67% -23.34% -12.30% 14.55%
EPS Growth		 15.96% 29.41% 4.49% -7.53% -23.76% -52.73% -31.18% -23.26% -11.69% 13.46%
Operating Cash Flow Growth		 39.24% 102.59% 71.09% -28.84% -48.01% -21.89% -47.31% 19.48% 38.95% -19.52%
Free Cash Flow Firm Growth		 363.08% 408.71% 574.29% -74.95% -98.71% -101.21% -84.04% -87.82% -1,399.62% -794.71%
Invested Capital Growth		 -12.66% -14.56% -10.97% -0.91% 1.83% 1.60% -0.73% 1.32% 4.60% 3.66%
Revenue Q/Q Growth		 8.76% 3.42% -4.31% -5.78% -3.81% -7.94% -3.85% 4.87% 0.38% -0.67%
EBITDA Q/Q Growth		 2.03% 5.88% -17.87% 5.65% -15.85% -27.78% -17.53% 21.75% -29.40% 9.57%
EBIT Q/Q Growth		 9.69% 6.88% -14.00% -7.74% -11.86% -32.93% 23.40% 3.53% 2.56% -12.76%
NOPAT Q/Q Growth		 8.35% 7.98% -15.13% -7.74% -10.33% -32.92% 23.13% 3.50% 2.58% -12.38%
Net Income Q/Q Growth		 8.35% 7.98% -15.13% -7.74% -10.33% -32.92% 23.13% 3.50% 2.58% -12.38%
EPS Q/Q Growth		 8.60% 8.91% -15.45% -7.53% -10.47% -32.47% 23.08% 3.13% 3.03% -13.24%
Operating Cash Flow Q/Q Growth		 3.67% -0.06% -17.67% -16.58% -24.26% 50.14% -44.45% 89.16% -11.92% -13.03%
Free Cash Flow Firm Q/Q Growth		 33.07% 17.22% -23.62% -78.97% -93.16% -209.99% 1,109.08% -83.96% -829.85% 24.28%
Invested Capital Q/Q Growth		 -3.77% 1.23% 3.64% -1.85% -1.10% 1.00% 1.27% 0.18% 2.09% 0.09%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 55.37% 56.69% 48.66% 54.56% 47.73% 37.44% 41.88% 48.63% 34.20% 37.72%
EBIT Margin		 49.32% 50.97% 45.81% 44.86% 41.10% 29.94% 38.43% 37.94% 38.76% 34.05%
Profit (Net Income) Margin		 37.11% 38.75% 34.37% 33.65% 31.37% 22.86% 29.28% 28.89% 29.53% 26.05%
Tax Burden Percent		 75.24% 76.02% 75.02% 75.02% 76.32% 76.34% 76.18% 76.16% 76.17% 76.50%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 24.76% 23.98% 24.98% 24.98% 23.68% 23.66% 23.82% 23.84% 23.83% 23.50%
Return on Invested Capital (ROIC)		 9.22% 9.85% 8.89% 9.41% 8.75% 5.97% 7.06% 6.82% 6.81% 5.98%
ROIC Less NNEP Spread (ROIC-NNEP)		 9.22% 9.85% 8.89% 9.41% 8.75% 5.97% 7.06% 6.82% 6.81% 5.98%
Return on Net Nonoperating Assets (RNNOA)		 2.79% 2.63% 2.82% 2.02% 1.65% 1.01% 1.28% 1.09% 1.02% 0.79%
Return on Equity (ROE)		 12.01% 12.48% 11.71% 11.43% 10.40% 6.98% 8.34% 7.91% 7.84% 6.77%
Cash Return on Invested Capital (CROIC)		 22.73% 25.29% 21.15% 10.99% 7.86% 6.46% 7.83% 5.33% 1.88% 2.94%
Operating Return on Assets (OROA)		 1.54% 1.67% 1.53% 1.51% 1.36% 0.94% 1.13% 1.09% 1.09% 0.94%
Return on Assets (ROA)		 1.16% 1.27% 1.15% 1.13% 1.04% 0.71% 0.86% 0.83% 0.83% 0.72%
Return on Common Equity (ROCE)		 12.01% 12.48% 11.71% 11.43% 10.40% 6.98% 8.34% 7.91% 7.84% 6.77%
Return on Equity Simple (ROE_SIMPLE)		 11.98% 0.00% 12.35% 11.97% 11.17% 0.00% 8.17% 7.51% 7.09% 0.00%
Net Operating Profit after Tax (NOPAT)		 19 21 18 16 15 9.85 12 13 13 11
NOPAT Margin		 37.11% 38.75% 34.37% 33.65% 31.37% 22.86% 29.28% 28.89% 29.53% 26.05%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 35.76% 36.25% 39.19% 40.65% 41.16% 43.85% 43.90% 44.55% 42.43% 45.31%
Operating Expenses to Revenue		 50.10% 48.93% 53.61% 56.17% 58.68% 66.92% 60.12% 60.91% 60.09% 65.03%
Earnings before Interest and Taxes (EBIT)		 26 28 24 22 19 13 16 16 17 15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 29 31 25 27 22 16 17 21 15 16
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.94 1.07 0.93 0.83 0.79 0.86 0.81 0.84 0.94 0.93
Price to Tangible Book Value (P/TBV)		 0.94 1.07 0.93 0.83 0.79 0.86 0.81 0.84 0.94 0.93
Price to Revenue (P/Rev)		 2.90 3.23 2.77 2.50 2.46 2.93 2.94 3.13 3.66 3.64
Price to Earnings (P/E)		 7.83 8.55 7.50 6.94 7.08 9.50 9.97 11.12 13.26 12.82
Dividend Yield		 4.85% 4.18% 4.75% 5.27% 5.55% 4.92% 5.18% 5.01% 4.35% 4.37%
Earnings Yield		 12.78% 11.70% 13.33% 14.40% 14.12% 10.53% 10.03% 8.99% 7.54% 7.80%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.16 0.09 0.04 0.12 0.09 0.02 0.14 0.26 0.09
Enterprise Value to Revenue (EV/Rev)		 0.00 0.58 0.32 0.13 0.45 0.36 0.07 0.58 1.15 0.40
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 1.03 0.59 0.24 0.86 0.76 0.16 1.31 2.84 0.99
Enterprise Value to EBIT (EV/EBIT)		 0.00 1.16 0.66 0.27 0.97 0.88 0.19 1.56 3.17 1.08
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 1.53 0.88 0.36 1.28 1.16 0.25 2.05 4.16 1.41
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 1.47 0.77 0.34 1.30 1.06 0.24 1.73 3.13 1.16
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.58 0.40 0.33 1.58 1.45 0.23 2.56 14.12 3.14
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.21 0.20 0.22 0.18 0.17 0.14 0.15 0.14 0.14 0.13
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.30 0.27 0.32 0.21 0.19 0.17 0.18 0.16 0.15 0.13
Leverage Ratio		 10.39 9.85 10.21 10.12 10.00 9.77 9.67 9.54 9.41 9.39
Compound Leverage Factor		 10.39 9.85 10.21 10.12 10.00 9.77 9.67 9.54 9.41 9.39
Debt to Total Capital		 17.50% 16.98% 17.93% 15.48% 14.18% 12.12% 12.69% 12.04% 12.03% 11.14%
Short-Term Debt to Total Capital		 17.50% 16.98% 17.93% 15.48% 14.18% 12.12% 12.69% 12.04% 12.03% 11.14%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 82.50% 83.02% 82.07% 84.53% 85.82% 87.88% 87.31% 87.96% 87.97% 88.86%
Debt to EBITDA		 1.19 1.09 1.19 1.02 0.99 0.99 1.15 1.17 1.32 1.22
Net Debt to EBITDA		 -6.81 -4.70 -4.45 -4.40 -3.86 -5.43 -6.26 -5.80 -6.21 -7.99
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 1.77 1.63 1.77 1.53 1.48 1.52 1.78 1.82 1.93 1.74
Net Debt to NOPAT		 -10.15 -7.02 -6.62 -6.58 -5.80 -8.34 -9.72 -9.07 -9.10 -11.41
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 123 144 110 23 1.58 -1.74 18 2.82 -21 -16
Operating Cash Flow to CapEx		 3,908.05% 1,395.96% 2,480.85% 1,479.41% 1,455.95% 587.02% 1,975.25% 1,686.40% 1,844.30% 845.96%
Free Cash Flow to Firm to Interest Expense		 98.46 49.70 15.79 1.92 0.10 -0.09 0.76 0.12 -0.92 -0.68
Operating Cash Flow to Interest Expense		 18.29 7.87 2.70 1.30 0.77 0.89 0.43 0.82 0.74 0.62
Operating Cash Flow Less CapEx to Interest Expense		 17.82 7.31 2.59 1.21 0.72 0.74 0.41 0.77 0.70 0.55
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
Fixed Asset Turnover		 5.84 6.08 6.34 6.38 6.28 5.71 5.48 5.31 5.24 5.07
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 714 723 749 735 727 734 744 745 760 761
Invested Capital Turnover		 0.25 0.25 0.26 0.28 0.28 0.26 0.24 0.24 0.23 0.23
Increase / (Decrease) in Invested Capital		 -104 -123 -92 -6.76 13 12 -5.43 9.73 33 27
Enterprise Value (EV)		 -164 115 66 27 90 68 13 101 197 69
Market Capitalization		 552 643 569 517 494 557 529 547 629 626
Book Value per Share		 $30.79 $31.49 $32.31 $32.66 $32.80 $33.92 $34.12 $34.44 $35.19 $35.58
Tangible Book Value per Share		 $30.79 $31.49 $32.31 $32.66 $32.80 $33.92 $34.12 $34.44 $35.19 $35.58
Total Capital		 714 723 749 735 727 734 744 745 760 761
Total Debt		 125 123 134 114 103 89 94 90 91 85
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -716 -528 -503 -490 -404 -489 -515 -446 -432 -557
Capital Expenditures (CapEx)		 0.58 1.63 0.76 1.06 0.82 3.04 0.50 1.11 0.89 1.70
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 125 123 134 114 103 89 94 90 91 85
Total Depreciation and Amortization (D&A)		 3.16 3.09 1.47 4.72 3.10 3.23 1.43 4.64 -1.99 1.59
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.01 $1.10 $0.93 $0.86 $0.77 $0.52 $0.64 $0.66 $0.68 $0.59
Adjusted Weighted Average Basic Shares Outstanding		 19.05M 19.02M 19.02M 19.02M 19.02M 19.02M 19.02M 19.01M 19.01M 19.02M
Adjusted Diluted Earnings per Share		 $1.01 $1.10 $0.93 $0.86 $0.77 $0.52 $0.64 $0.66 $0.68 $0.59
Adjusted Weighted Average Diluted Shares Outstanding		 19.05M 19.02M 19.02M 19.02M 19.02M 19.02M 19.02M 19.01M 19.01M 19.02M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $1.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 19.05M 19.02M 19.02M 19.02M 19.02M 19.02M 19.02M 19.01M 19.01M 19.02M
Normalized Net Operating Profit after Tax (NOPAT)		 19 21 18 16 15 9.85 12 13 13 11
Normalized NOPAT Margin		 37.11% 38.75% 34.37% 33.65% 31.37% 22.86% 29.28% 28.89% 29.53% 26.05%
Pre Tax Income Margin		 49.32% 50.97% 45.81% 44.86% 41.10% 29.94% 38.43% 37.94% 38.76% 34.05%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 20.62 9.49 3.40 1.81 1.25 0.64 0.69 0.72 0.75 0.64
NOPAT to Interest Expense		 15.52 7.22 2.55 1.36 0.96 0.49 0.52 0.55 0.57 0.49
EBIT Less CapEx to Interest Expense		 20.15 8.93 3.29 1.73 1.20 0.49 0.67 0.67 0.71 0.57
NOPAT Less CapEx to Interest Expense		 15.05 6.65 2.44 1.27 0.90 0.34 0.50 0.50 0.53 0.42
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 37.87% 35.88% 35.74% 36.57% 39.24% 46.70% 51.63% 55.73% 57.86% 56.13%
Augmented Payout Ratio		 45.63% 45.19% 35.74% 41.99% 41.43% 46.70% 51.63% 56.49% 58.65% 56.89%

Financials Breakdown Chart

Key Financial Trends

TrustCo Bank Corp NY (NASDAQ:TRST) has demonstrated steady growth in key financial metrics over the past four years through Q4 2024, as reflected in its quarterly income statements, cash flow statements, and balance sheets.

Positive trends:

  • Net interest income has increased from approximately $47 million in Q1 2023 to about $39 million in Q4 2024 quarterly figures, maintaining robust core banking income despite quarterly fluctuations.
  • Net income attributable to common shareholders rose from $9.8 million in Q4 2023 to $11.3 million in Q4 2024, indicating growth in profitability.
  • Diluted earnings per share (EPS) improved from $0.52 in Q4 2023 to $0.59 in Q4 2024, suggesting enhanced shareholder value.
  • Return on equity is supported by increasing retained earnings, which grew from $430 million in Q1 2024 to $442 million by Q3 2024.
  • Deposit balances, a key funding source, surged significantly, with net change in deposits reported as positive $126.8 million in Q4 2024 financing cash flow, indicating strong deposit inflows.
  • Solid operating cash flow with net cash from continuing operating activities increasing to $14.3 million in Q4 2024, supporting operational strength.
  • Controlled credit risk with modest credit loss provisions ($400,000 in Q4 2024) and allowance for loan and lease losses growing in line with loan portfolio expansion, indicating prudent risk management.
  • Investments in property and equipment are steady, supporting infrastructure with $2.34 million spent in Q4 2024 showing commitment to operational capacity.
  • The company's total assets increased from about $6.0 billion in early 2023 to approximately $6.1 billion as of Q3 2024, reflecting growth.
  • Consistent dividend payments at $0.36 per share throughout 2023 and 2024 quarters highlight a stable return policy.

Neutral factors:

  • Interest income from loans and leases dominates total interest income but shows only moderate quarter-over-quarter increases, reflecting steady yet unspectacular loan growth.
  • Non-interest income remains consistent but relatively small portion of total revenue, contributing up to ~$4.4 million in Q4 2024.
  • Total non-interest expenses hovered near $28 million in Q4 2024, reflective of operational scale but requiring close monitoring to maintain efficiency.
  • Short-term borrowing interest expense remains low, but slight fluctuations indicate potential reliance on short-term funding.
  • Weighted average shares outstanding remained stable around 19 million, indicating limited dilution activity.

Negative considerations:

  • Total non-interest expenses increased from $24.9 million in Q1 2024 to $28.2 million in Q4 2024, suggesting rising operational costs that may pressure margins if not controlled.
  • Marketing and other operating expenses have shown gradual increases and should be monitored for impact on profitability.
  • Cash flows from investing activities show large outflows due to significant purchases of investment securities (e.g., $64.9 million in Q4 2024), which could strain liquidity if not well managed.
  • Net cash from financing activities swings considerably quarter to quarter, reflecting sizeable deposit and debt fluctuations that could imply volatility in funding sources.
  • Allowance for loan and lease losses rose from approximately $46.6 million in Q1 2023 to nearly $50 million by Q3 2024, which may indicate increasing credit risk or loan portfolio growth outpacing recoveries.

Summary: TrustCo Bank Corp NY has demonstrated steady earnings growth, stable net interest income, and solid asset growth through 2023 and into 2024. They maintain healthy operating cash flows and growing equity. However, rising non-interest expenses and investing outflows are areas to watch. The company’s stable dividend policy and strong deposit inflows provide shareholder support, but careful management of expenses and loan risk are essential to maintaining profitability trends going forward.

10/09/25 12:08 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About TrustCo Bank Corp NY's Financials

When does TrustCo Bank Corp NY's financial year end?

According to the most recent income statement we have on file, TrustCo Bank Corp NY's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has TrustCo Bank Corp NY's net income changed over the last 2 years?

TrustCo Bank Corp NY's net income appears to be on a downward trend, with a most recent value of $48.83 million in 2024, falling from $75.23 million in 2022. The previous period was $58.65 million in 2023. Check out TrustCo Bank Corp NY's forecast to explore projected trends and price targets.

How has TrustCo Bank Corp NY's revenue changed over the last 2 years?

Over the last 2 years, TrustCo Bank Corp NY's total revenue changed from $199.40 million in 2022 to $171.77 million in 2024, a change of -13.9%.

How much debt does TrustCo Bank Corp NY have?

TrustCo Bank Corp NY's total liabilities were at $5.56 billion at the end of 2024, a 0.7% increase from 2023, and a 3.0% increase since 2022.

How much cash does TrustCo Bank Corp NY have?

In the past 2 years, TrustCo Bank Corp NY's cash and equivalents has ranged from $43.43 million in 2022 to $49.27 million in 2023, and is currently $47.36 million as of their latest financial filing in 2024.

How has TrustCo Bank Corp NY's book value per share changed over the last 2 years?

Over the last 2 years, TrustCo Bank Corp NY's book value per share changed from 31.49 in 2022 to 35.58 in 2024, a change of 13.0%.


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This page (NASDAQ:TRST) was last updated on 10/9/2025 by MarketBeat.com Staff
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