TrustCo Bank

TrustCo Bank Corp NY operates as the holding company for Trustco Bank, a federal savings bank that provides personal and business banking services to individuals, partnerships, and corporations. It accepts deposits and offers loans and investments. It also operates as a real estate investment trust that acquires, holds, and manages real estate mortgage assets, including residential mortgage loans and mortgage-backed securities. In addition, the firm serves as the executor of estates and trustee of personal trusts, provides asset and wealth management, estate planning and related advice, and custodial services, and acts as trustee for various types of employee benefit plans, and corporate pension and profit sharing trusts. The company was founded in 1902 and is headquartered in Glenville, NY.

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TrustCo Bank reports robust Q4 earnings and eyes growth opportunities

TrustCo Bank delivered a strong performance in Q4 2022, marked by significant net income growth, robust loan portfolio expansion, and solid financial ratios. The bank's focus on maintaining high-quality earnings and efficient cost management strategies underpinned its overall performance.
Despite challenges such as deposit run-off and expense management, TrustCo Bank's strengths in dividend payouts, equity position, and diversified revenue sources position it well for future growth opportunities. With an optimistic outlook for 2023 and a proactive risk management approach, the bank is poised for continued success.
Opportunities lie ahead for TrustCo Bank to capitalize on its strong loan backlog, optimize operational efficiency, and explore strategic growth initiatives. By leveraging its stable investment securities and diversified revenue streams, the bank can enhance shareholder value and navigate market dynamics effectively.

TrustCo Bank excels in Q1 2023 with strong financial performance

TrustCo Bank's Q1 2023 performance reflects a strong financial position, marked by revenue growth, improved asset quality, and efficient cost management.
The bank's focus on diverse loan segments and prudent risk management bodes well for sustained profitability and resilience in a dynamic market environment.
Investors can be confident in TrustCo Bank's ability to navigate challenges and capitalize on opportunities, supported by a solid capital base and strategic growth initiatives.
Overall, TrustCo Bank's Q1 results demonstrate a balanced approach to growth, risk management, and profitability, positioning the bank for continued success in the future.

TrustCo Bank posts stable earnings and growth, poised for expansion

TrustCo Bank's Q2 '23 performance reflects stability, growth, and strong asset quality.
The bank's financial metrics demonstrate resilience and a focus on long-term profitability.
Opportunities exist for TrustCo Bank to leverage its strengths for further expansion and value creation.
Overall, TrustCo Bank's solid performance positions it well for sustained success and shareholder value.

TrustCo Bank surpasses $5B loan portfolio, maintains strong credit quality

TrustCo Bank's Q4 2023 performance reflects steady growth in loans and robust credit quality, underpinned by a milestone $5 billion loan portfolio.
While facing challenges such as declining net interest income and increased expenses, the bank's proactive risk management and focus on growth present opportunities for future success.
Analysts' inquiries into key financial aspects indicate a keen interest in the bank's strategic responses to market dynamics and potential growth avenues.

TrustCo Bank (TRST) reports strong Q1 performance and eyes growth opportunities

TrustCo Bank's Q1 2024 performance reflects robust loan growth and improved net income, underpinned by strong asset quality. While challenges in managing loan growth and expenses persist, the bank's focus on prudent risk management and strategic funding presents opportunities for sustained growth and profitability.

TrustCo Bank reports Q2 earnings growth amidst housing market trends

TrustCo Bank's Q2 2024 performance reflects solid financial results driven by loan portfolio growth and strong asset quality, supported by positive housing market trends.
While challenges such as managing costs and optimizing deposit strategies persist, opportunities in loan growth and wealth management offer avenues for sustained profitability and expansion.
Strategic focus on enhancing operational efficiency and capitalizing on market opportunities will be crucial for TrustCo Bank to navigate evolving economic conditions and drive future growth.

TrustCo Bank reports resilient Q3 performance and eyes growth opportunities

TrustCo Bank's Q3 2024 Earnings Call showcased resilience in the face of Hurricane Milton, with strong financial performance and a focus on key operational areas. The bank's emphasis on maintaining asset quality, managing expenses, and exploring growth avenues through share buybacks and branch expansions positions it well for future opportunities. Challenges related to credit issues and capital allocation strategies were also addressed during the call.

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McCormick

TrustCo Bank Corp NY (TRST) CEO Robert McCormick on Q1 2020 Results - Earnings Call Transcript

GLENVILLE, N.Y., April  16, 2020  (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that the Company has chosen to suspend the stock repurchase program where TrustCo may repurchase up to 1,000,000 shares of its common stock, or approximately 1% of its current outstanding shares.

TrustCo Bank Corp NY Suspends Stock Repurchase Plan

CannTrust Holdings

Marijuana producer CannTrust Holdings Inc. CTST, -9.12% TRST, -7.14% said Tuesday that it had obtained an initial order from a Canadian court to protect it under a law there that allows companies to avoid bankruptcy.

Cannabis company CannTrust enters creditor protection, stock halted

GLENVILLE, N.Y., Feb.  18, 2020  (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today declared a quarterly cash dividend of $0.068125 per share, or $0.2725 per share on an annualized basis.   The dividend will be payable on April 1, 2020 to shareholders of record at the close of business on March 6, 2020.  TrustCo has paid a cash dividend every year since 1904.

TrustCo continues  more than 100-year history of success, announces quarterly dividend

Dip In TrustCo Bank's Price Provides Opportunity

TrustCo Bank A Solid Buy Under $8

TrustCo Bank Corp NY (TRST) CEO Robert McCormick on Q4 2019 Results - Earnings Call Transcript

GLENVILLE, New York, Nov.  19, 2019  (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today declared a quarterly cash dividend of $0.068125 per share, or $0.2725 per share on an annualized basis.  The dividend will be payable on January 2, 2020 to shareholders of record at the close of business on December 6, 2019.  TrustCo has paid a cash dividend every year since 1904.

TrustCo  continues more than 100-year history of success, announces quarterly dividend

TrustCo Bank Corp NY (TRST) CEO Robert McCormick on Q3 2019 Results - Earnings Call Transcript

I expect TrustCo Bank's loan growth to continue in the future, but at a lower rate than in the past because of my outlook on the housing sector.

TrustCo Bank's Earnings Likely To Improve In FY20

TrustCo Bank Corp NY (TRST) CEO Robert McCormick on Q2 2019 Results - Earnings Call Transcript

TrustCo Bank Corp NY (TRST) CEO Robert McCormick on Q1 2019 Results - Earnings Call Transcript

News for TrustCo Bank Stock (TRST)