Streetbeat News

TRST

TrustCo Bank Corp NY

https://www.trustcobank.com

Industry

Banks - Regional

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. The company 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 company 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. As of December 31, 2021, it operated through 147 banking offices and 163 automatic teller machines in New York, New Jersey, Vermont, Massachusetts, and Florida. The company was founded in 1902 and is headquartered in Glenville, New York.

Open

36.51

Mkt cap

699M

Volume

111K

High

36.79

P/E Ratio

14.83

52-wk high

38.89

Low

36.16

Div yield

0.04

52-wk low

25.83

TrustCo Bank Corp NY (TRST) is highlighted for its strong financial performance across various metrics such as Efficiency Ratio, EPS, Cost of Funds, and Tier 1 Capital, making it a standout among its peers regardless of the economic environment.

Portfolio Pulse from

December 10, 2024 | 3:30 pm

TrustCo Bank Corp NY (Nasdaq: TRST) has declared a quarterly cash dividend of $0.36 per share, continuing its century-long streak of dividend payments. The dividend is payable on January 2, 2025, to shareholders of record on December 6, 2024.

Portfolio Pulse from

November 19, 2024 | 9:15 pm

Trustco Bank (NASDAQ:TRST) reported Q3 2024 earnings per share of $0.68, surpassing the analyst estimate of $0.53 by 28.3%. Sales were $43.579 million, exceeding the $40.970 million estimate but down 6.87% from last year.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:07 pm

Trustco Bank (NASDAQ:TRST) is set to release its quarterly earnings report on October 21, 2024. Analysts expect an EPS of $0.00. The market is keen on the earnings and future guidance, as past performance has shown significant share price reactions. Last quarter, Trustco Bank exceeded EPS estimates, resulting in a 5.12% share price increase. Currently, shares are trading at $34.49, up 32.47% over the past year.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 6:25 pm

Trustco Bank (NASDAQ:TRST) is set to release its quarterly earnings on October 21, 2024. Analysts expect an EPS of $0.00. Investors are keen on not just an earnings beat but also positive future guidance. In the last quarter, Trustco Bank beat EPS estimates by $0.13, resulting in a 5.12% share price increase. Shares are currently trading at $34.49, up 32.58% over the past year.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 3:04 pm

Trustco Bank (NASDAQ:TRST) reported Q2 2024 adjusted earnings per share (EPS) of $0.66, surpassing the analyst consensus estimate of $0.53 by 24.53%.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:05 pm

Trustco Bank (NASDAQ:TRST) reported Q1 2024 earnings of $0.64 per share, surpassing the $0.60 estimate, but saw a 31.18% decrease from the previous year's $0.93. Sales were $41.421M, missing the $43.130M estimate and marking a 19.78% decrease from last year's $51.634M.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:19 pm

Numerous companies are scheduled to report their quarterly earnings on April 22, 2024, with expectations spanning from losses to significant profits across various sectors. Notable mentions include Verizon Communications, with projected earnings of $1.12 per share on $33.24 billion revenue, and SAP, expected to report earnings of $1.11 per share on $8.56 billion revenue. Other key reports include Dynex Cap forecasting a loss and Nucor anticipating earnings of $3.85 per share on $8.51 billion revenue.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 1:07 pm

Trustco Bank (NASDAQ:TRST) announced a quarterly dividend of 36 cents per share, with the ex-dividend date set for Thursday. Shareholders owning TRST by the end of Wednesday are eligible for the payout, which will be distributed on April 01, 2024. The stock is expected to open 36 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 2:45 pm

Trustco Bank (NASDAQ:TRST) reported Q4 earnings with an EPS of $0.52, missing estimates by 21.21% against the expected $0.66. Revenue also declined by $10.88 million compared to the same period last year. In the previous quarter, TRST beat EPS estimates but experienced a 4.28% share price drop the following day.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 9:10 pm

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