TrustCo Bank Corp NY (OQ:TRST)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 5 Sarnowski Drive
GLENVILLE NY 12302
Tel: N/A
Website: https://trustcobank.q4ir.com/corporate-overview/corporate-profile/default.aspx
IR: See website
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Key People
Robert J. Mccormick
Chairman of the Board, President, Chief Executive Officer of TrustCo and Trustco Bank
Michael M. Ozimek
Executive Vice President, Chief Financial Officer of TrustCo and Trustco Bank
Kevin M. Curley
Executive Vice President - Retail Banking of TrustCo and Trustco Bank
Robert M. Leonard
Executive Vice President - Corporate Services and Risk of TrustCo and Trustco Bank
Scot R. Salvador
Executive Vice President - Commercial Banking of TrustCo and Trustco Bank
Eric W. Schreck
Senior Vice President, Treasurer; Florida Regional President of Trustco Bank
Michael J. Hall
General Counsel, Corporate Secretary of TrustCo and Trustco Bank
   
Business Overview
TrustCo Bank Corp NY is a savings and loan holding company. The Company's principal subsidiary is Trustco Bank (the Bank). The Bank is a federal savings bank engaged in providing general banking services to individuals and businesses. The Bank operates over 158 automatic teller machines and approximately 143 banking offices in Albany, Columbia, Dutchess, Greene, Montgomery, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Schoharie, Ulster, Warren, Washington, and Westchester counties of New York, Brevard, Charlotte, Flagler, Hillsborough, Indian River, Lake, Manatee, Martin, Orange, Osceola, Palm Beach, Polk, Sarasota, Seminole, and Volusia counties in Florida, Bennington County in Vermont, Berkshire County in Massachusetts and Bergen County in New Jersey. Its business also consists of accepting deposits and making loans and investments. The Bank also lends in Essex and Fulton counties, Passaic counties, and Sumter counties, where it has no branch locations.
Financial Overview
For the three months ended 31 March 2024, TrustCo Bank Corp NY interest income increased 11% to $59.8M. Net interest income after loan loss provision decreased 23% to $36M. Net income decreased 32% to $12.1M. Net interest income after loan loss provision reflects Interest&Dividend-Invest Sec AFS/HTM decrease of 6% to $1.5M, Interest&Dividend-Invest Sec AF decrease of 9% to $476K.
Employees: 750 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $580.29M as of Mar 31, 2024
Annual revenue (TTM): $232.03M as of Mar 31, 2024
EBITDA (TTM): $57.79M as of Mar 31, 2024
Net annual income (TTM): $53.03M as of Mar 31, 2024
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: $49.51M as of Mar 31, 2024
Shares outstanding: 19,024,000 as of Mar 31, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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