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 |
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 |