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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.

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Trustco Bank reported Q3 earnings of $0.77 per share, a decrease of 23.99% YoY. The company's quarterly sales were $46.80 million, missing the analyst consensus estimate of $47.29 million by 1.05% and marking a 10.32% decrease YoY.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:02 pm

Trustco Bank (NASDAQ:TRST) is set to release its quarterly earnings report on October 23, 2023. Analysts estimate an earnings per share (EPS) of $0.76. The bank's past performance shows a pattern of beating EPS estimates but this has sometimes been followed by a drop in share price. The bank's shares are currently trading at $26.63, down 23.17% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 3:01 pm

Benzinga Insights has identified five value stocks in the financial services sector that may be worth watching: FS Bancorp, Trustco Bank, First Northwest Bancorp, Enterprise Bancorp, and Codorus Valley Bancorp. The selection is based on low P/E multiples, indicating that these companies may be undervalued. Recent earnings and dividend yields for each company are also provided.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 2:48 pm

Trustco Bank (NASDAQ:TRST) reported Q2 earnings of $0.86 per share, beating the analyst consensus estimate of $0.85 by 1.18%. However, this is a 7.53% decrease from the same period last year. The company's quarterly sales were $48.65 million, missing the analyst consensus estimate of $49.58 million by 1.88%, but showing a 1.40% increase from the same period last year.

Portfolio Pulse from bharat@benzinga.com

July 24, 2023 | 8:07 pm

Trustco Bank (NASDAQ:TRST) is set to release its latest quarterly earnings report on Monday, 2023-07-24. Analysts estimate an earnings per share (EPS) of $0.85. The bank's past performance shows a mixed trend of beating and missing EPS estimates. The share price has seen a general increase following the earnings announcements. The bank's shares were trading at $30.35 as of July 20, with a 52-week decrease of 6.63%.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 3:03 pm

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