TrustCo Bank Corp NYTT

TrustCo Bank Corp NY

30.31USDR
−0.36−1.17%
At close at Mar 21, 20:44 GMT
USD
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TRST fundamentals

Key facts

Market capitalization‪576.49 M‬USD
Founded1902
CEORobert Joseph McCormick
About

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.

Ownership
‪‪19.02 M‬‬
Free Float shares
‪‪18.36 M‬‬ (96.53%)
Closely held shares
‪‪660.06 K‬‬ (3.47%)
Free Float shares
‪‪18.36 M‬‬ (96.53%)
Closely held shares
‪‪660.06 K‬‬ (3.47%)
Capital structure
Market cap
‪‪576.49 M‬‬
Debt
‪‪124.94 M‬‬
Cash & equivalents
‪‪47.36 M‬‬
Enterprise value
‪‪654.06 M‬‬

Valuation

Fundamental metrics to determine fair value of the stock

Summary
‪‪576.49 M‬‬
Price to earning ratio (P/E)
11.96x
Price to sales ratio (P/S)
2.24x
Market Cap
Net income
Revenue
Price to earning ratio (P/E)
11.96x
Price to sales ratio (P/S)
2.24x
Valuation ratios
‪0.00‬
‪0.70‬
‪1.40‬
‪2.10‬
‪2.80‬
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪3.50‬
‪7.00‬
‪10.50‬
‪14.00‬
P/E
P/S

Growth and Profitability

Company’s recent performance and margins

Performance
‪15.0%‬
‪16.2%‬
‪17.4%‬
‪18.6%‬
‪19.8%‬
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪‪17.00 M‬‬
‪‪34.00 M‬‬
‪‪51.00 M‬‬
‪‪68.00 M‬‬
Total revenue
Net income
Net margin %
Revenue to profit conversion
Total revenue
Int. expense & PCL
Non-int. expense
Op income
Unusual income/ expense
Pretax income
Taxes & Other
Net income
‪0.00‬
‪‪17.00 M‬‬
‪‪34.00 M‬‬
‪‪51.00 M‬‬
‪‪68.00 M‬‬
Total revenue
Int. & Non-int. expenses
Op income
Expenses & adjustments
Net income
‪0.00‬
‪‪17.00 M‬‬
‪‪34.00 M‬‬
‪‪51.00 M‬‬
‪‪68.00 M‬‬

Revenue breakdown

Revenue streams and regions a business earns money from

By source/business
Period: 2024
Community Banking
By country
Period: 2024
United States

Estimates

Revenue and Earnings forecasts and estimates accuracy

Revenue
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
‪0.00‬
‪‪12.00 M‬‬
‪‪24.00 M‬‬
‪‪36.00 M‬‬
‪‪48.00 M‬‬
Actual
Estimate
Earnings
Next:Apr 28, 2025
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
‪0.00‬
‪0.17‬
‪0.34‬
‪0.51‬
‪0.68‬
Actual
Estimate

Dividends

Dividend yield, history and sustainability

Dividend summary
56.14%
Earnings retained
Payout ratio (TTM)
Dividend yield TTM
4.70%
Last payment
0.36
Last ex-date
Mar 7, 2025
Dividend history
‪3.5%‬
‪3.8%‬
‪4.1%‬
‪4.4%‬
‪4.7%‬
2020
2021
2022
2023
2024
‪0.00‬
‪0.40‬
‪0.80‬
‪1.20‬
‪1.60‬
Dividends per share (FY)
Dividend yield (FY) %

Financial health

Financial position and solvency of the company

Loans and customer deposits
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪‪−2.00 B‬‬
‪0.00‬
‪‪2.00 B‬‬
‪‪4.00 B‬‬
‪‪6.00 B‬‬
Net loans
Total deposits
Loan loss allowances
Capital adequacy analysis
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪6.00‬
‪12.00‬
‪18.00‬
‪24.00‬
Common equity Tier 1 ratio
Tier 1 capital ratio
Total capital ratio