Trustco Caps Year of Efficiency, Strength, and Value - Reports Fourth Quarter 2024 Net Income of $11.3 Million; $48.8 Million for the Year
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TrustCo Bank Corp NY (NASDAQ: TRST) reported strong financial results for Q4 2024, with net income of $11.3 million, up from $9.8 million in Q4 2023. Key metrics such as net interest income, ROAA, and ROAE improved year-over-year. The bank's capital and loan portfolios also showed growth.
January 21, 2025 | 9:15 pm
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TrustCo Bank Corp NY reported a strong Q4 2024 with net income of $11.3 million, an increase from $9.8 million in Q4 2023. The bank showed improvements in net interest income, ROAA, and ROAE, alongside growth in capital and loan portfolios.
The increase in net income and improvements in key financial metrics such as net interest income, ROAA, and ROAE indicate a positive performance for TrustCo. The growth in capital and loan portfolios further supports a positive outlook, likely leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100