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 shown solid financial performance over the last several years, with key trends reflecting stability in its core banking operations and manageable expense growth.
Income Statement Highlights:
- Net interest income increased steadily from $46.97 million in Q1 2023 to approximately $38.9 million in Q4 2024, showing resilience despite some quarterly fluctuations.
- Provision for credit losses remains low and stable, ranging mostly around $0.3-$0.6 million per quarter, with a notable increase in Q4 2023 to $1.35 million but reduced again thereafter, indicating prudent credit risk management.
- Non-interest income is relatively steady around $4.5 to $5.6 million per quarter, supporting revenue diversity.
- Salaries and employee benefits have grown gradually but remain controlled, increasing from about $11.4 million in Q1 2024 to $12.1 million in Q4 2024, consistent with moderate growth strategy.
- Total non-interest expenses have increased from approx. $24.9 million in Q1 2024 to $28.2 million in Q4 2024, indicating rising operational costs that may pressure margins.
- Earnings per share (basic and diluted) show steady improvement from $0.64 in Q1 2024 to $0.59 in Q4 2024, reflecting solid profitability considering typical seasonal impacts.
Cash Flow Analysis:
- Consistent positive net cash from continuing operating activities, with $9.9 million in Q1 2024 rising to $14.3 million in Q4 2024, indicating strong operating cash generation.
- Significant cash outflows from investing activities, particularly purchases of investment securities, ranging from $24 million to over $64 million quarterly, funded by sales and maturities.
- Strong cash inflows from financing activities in recent periods, especially Q4 2024, where net cash from financing activities was $113 million, reflecting deposit growth and capital management.
Balance Sheet Observations:
- Loans and leases outstanding increased consistently over the last several quarters, from approximately $4.7 billion in Q1 2023 to about $5.07 billion by Q3 2024, showing loan growth
- Allowance for loan and lease losses remained stable around $46-$50 million, suggesting stable credit quality relative to loan portfolio growth.
- Total assets remain around $6.1 billion with minor fluctuations quarter-over-quarter, indicating a stable asset base.
- Deposits increased markedly by the end of 2024, as reflected in cash flow financing activity, supporting liquidity.
- Common equity grew modestly from about $615 million in Q1 2023 to approximately $669 million by Q3 2024, showing shareholder base strengthening.
Summary:
Over the last several years and into 2024, TrustCo Bank Corp NY has maintained steady growth in loans and deposits, controlled credit losses, and generated consistent operating cash flow. The bank’s net interest income remains solid, although rising non-interest expenses may warrant monitoring. Investment securities purchases and sales are a significant component of cash flow, reflecting investment portfolio management. The company’s capital base has modestly increased, supporting growth. Overall, the financials suggest a stable and well-managed regional bank with a balanced growth and risk profile.
09/18/25 10:07 AM ETAI Generated. May Contain Errors.