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Trustco Bank Corp NY (TRST)
NASDAQ:TRST
Earnings Data
Report Date
Jul 28, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.66Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 21, 2025
|% Change Since: 8.05%
|Next Earnings Date:Jul 28, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a robust start to 2025, characterized by strong deposit and loan growth, increased commercial lending, and significant improvement in net income and interest margin. The bank maintains a solid capital position and continues to manage non-performing loans effectively. However, increased non-interest expenses and limited residential loan growth present areas of concern. Overall, the positive aspects significantly outweigh the challenges.Company Guidance
During the TrustCo Bank Corp earnings call, the company reported a strong start to the fiscal year 2025, highlighting significant growth in both loans and deposits. Total deposits rose by $142 million year-over-year, reaching $5.5 billion, driven by increased engagement in digital channels and a focus on low-cost core and business accounts. Commercial lending experienced an 8% increase, surpassing $300 million, while total loans grew by over $100 million compared to the first quarter of the previous year. TrustCo's net interest margin improved by more than 8%, now standing at 2.64%, contributing to a 27% increase in return metrics, including earnings per share of $0.75. The bank's consolidated equity to assets ratio improved to 10.85%, supporting a share repurchase program of up to 1 million shares. Additionally, non-performing loans remained low at 0.37% of total loans, underscoring TrustCo's exceptional asset quality. The company emphasized its strategic focus on relationship banking and maintaining financial stability in a dynamic environment, anticipating opportunities from potential interest rate reductions.Strong Deposit Growth
Every category of deposits is up, including low-cost core and business accounts. Deposits ended the quarter at $5.5 billion, up $142 million compared to the prior year quarter.
Increase in Commercial Lending
Commercial lending is up 8%, with the total now topping $300 million.
Loan Portfolio Growth
Average loans for the first quarter of 2025 grew by 2.1% or $104.7 million to an all-time high of $5.1 billion. Home equity lines increased by $61 million or 17.3%.
Record Net Income and Margin Improvement
First quarter net income increased by 17.7% over the prior year quarter to $14.3 million. Net interest margin improved by more than 8% year-over-year to 2.64%.
Strong Capital Position
Consolidated equity to assets ratio increased to 10.85%, up 3% year-over-year. Shareholders' equity rose by 6%.
Non-Performing Loans Remain Low
Non-performing loans to total loans remained flat at a negligible 0.37%.
Share Repurchase Program
Announced a stock repurchase program of up to 1 million shares, approximately 5% of the current outstanding shares, as part of capital management strategy.
TRST Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TRST Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 21, 2025 | $28.43 | $29.84 | +4.96% |
Jan 21, 2025 | $32.14 | $31.19 | -2.96% |
Oct 21, 2024 | $31.89 | $32.76 | +2.73% |
Jul 22, 2024 | $31.98 | $33.62 | +5.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Trustco Bank Corp NY (TRST) report earnings?
Trustco Bank Corp NY (TRST) is schdueled to report earning on Jul 28, 2025, TBA Not Confirmed.
What is Trustco Bank Corp NY (TRST) earnings time?
Trustco Bank Corp NY (TRST) earnings time is at Jul 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TRST EPS forecast?
Currently, no data Available