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.
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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% |
Key Financial Trends
TrustCo Bank Corp NY (NASDAQ:TRST) has demonstrated steady financial performance over the analyzed periods from Q3 2022 through Q4 2024. Here is a detailed summary of key trends and important financial metrics based on the company's quarterly income statements, cash flow statements, and balance sheets:
- Consistent Growth in Net Interest Income: Net interest income has increased from approximately $47.8 million in Q1 2023 to $38.9 million in Q4 2024 on a quarterly basis, noting some seasonal variations but overall stable growth with Q4 2024 net interest income at $38.9 million, maintaining a strong revenue backbone.
- Increasing Net Income: Quarterly net income attributable to common shareholders rose from $17.7 million in Q1 2023 to $11.3 million in Q4 2024, showing solid profitability over time with earnings per share sustaining around $0.59-$0.93, which supports shareholder value.
- Robust Loan Portfolio: Loans and leases have grown steadily, reaching over $5 billion by Q3 2024, indicating successful credit expansion and business development activity.
- Increasing Deposits Base: Total interest-bearing deposits increased substantially from about $5.2 billion in early 2023 to over $5.3 billion in Q3 2024, reflecting strong customer deposits inflows and liquidity.
- Stable Provision for Credit Losses: The provision for credit losses has mostly remained moderate, around $400,000 to $1.35 million quarterly, suggesting effective risk management and strong credit quality.
- Modest Increase in Non-Interest Income: Non-interest income fluctuated but generally grew to around $4.4 million in Q4 2024, which adds some diversification to revenue sources.
- Dividend Payments Steady at $0.36 per Share: The company has maintained consistent quarterly dividend payouts, which supports income-seeking investors.
- Rising Total Non-Interest Expenses: Non-interest expenses have increased over the periods, from about $24.9 million in Q1 2024 to $28.2 million in Q4 2024, driven by salaries, occupancy, and operating expenses, which may pressure margins if revenue growth slows.
- Significant Investment Securities Turnover: The company showed considerable purchase and sale of investment securities, leading to large net cash outflows in investing activities (e.g., negative $42 million in Q4 2023 and negative $8.7 million in Q4 2024), potentially impacting cash balances.
- Fluctuations in Cash and Equivalents: Cash and due from banks have shown variability, influenced by large swings in finance and investing activities, requiring close monitoring of liquidity management.
In summary, TrustCo Bank Corp NY exhibits strong core earnings from its loan portfolio and a growing deposit base, which supports its net interest income and profitability. However, the rising operating expenses and significant investment activity outflows are areas to watch as they may affect overall financial flexibility. Consistent dividend payments and improving earnings per share remain positives for shareholders. Investors should continue monitoring quarterly expense trends and liquidity management in the context of broader economic conditions.
08/30/25 02:41 PM ETAI Generated. May Contain Errors.