TrustCo Bank (TRST) AI Stock Analysis

• Market Cap: $776.20M
• Dividend Yield: 3.64%
• Average Volume (3M): 102.42K
• Price to Earnings (P/E): 14.1
• Beta (1Y): 0.75
• Revenue Growth: 5.75%
• EPS Growth: 20.52%
• Country: US
• Employees: 740
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.86
• Shares Outstanding: 18,424,019
• 10 Day Avg. Volume: 123,870
• 30 Day Avg. Volume: 102,425
• PEG Ratio: -0.78
• Price to Book (P/B): 0.94
• Price to Sales (P/S): 2.41
• P/FCF Ratio: 11.61
• Enterprise Value/Market Cap: 1.00
• Enterprise Value/Revenue: 2.83
• Enterprise Value/Gross Profit: 4.28
• Enterprise Value/Ebitda: 9.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 2.87
• Revenue Forecast (FY): $187.10M

• Rating: 80 Outperform
• Price Target: $45.00 ▲(6.58% Upside)

TrustCo Bank's strong financial performance and positive earnings call are the most significant factors contributing to its score. The bank's robust profitability, solid balance sheet, and strategic initiatives, such as loan growth and stock repurchase, underscore its stability and growth potential. Technical indicators and valuation metrics support a favorable outlook, with no significant corporate events impacting the analysis.

Positive Factors

Strong Financial Performance

The significant increase in net income indicates robust financial health and effective cost management, supporting long-term profitability.

Loan and Deposit Growth

Growth in loans and deposits strengthens the bank's market position and revenue base, enhancing its competitive advantage.

Credit Quality Improvement

Improved credit quality reduces risk and enhances financial stability, ensuring sustainable operations and investor confidence.

Negative Factors

Declining ROE Trend

A declining ROE trend may indicate challenges in generating returns on equity, potentially affecting long-term shareholder value.

Slight Decrease in Equity to Assets Ratio

A decrease in the equity to assets ratio could signal reduced financial resilience, impacting the bank's ability to absorb shocks.

Minimal Increase in Non-Performing Loans

An increase in non-performing loans, though minimal, may indicate emerging credit risks that could affect future profitability.

TrustCo Bank Business Overview & Revenue Model

Company Description

TrustCo Bank (TRST) is a community-oriented financial institution headquartered in the United States, primarily engaged in providing a wide range of banking services. The bank operates in the sectors of retail banking, commercial banking, and mortgage lending, offering core products such as savings accounts, checking accounts, loans, mortgages, and investment services. TrustCo Bank is dedicated to serving individuals, small businesses, and commercial clients, focusing on personalized service and community involvement.

How the Company Makes Money

TrustCo Bank generates revenue primarily through interest income from its loan portfolio, which includes personal loans, commercial loans, and mortgages. The bank earns interest from the loans it provides to customers, which is typically at a higher rate than the interest it pays on deposits. Additionally, the bank generates non-interest income through fees associated with various banking services, including account maintenance fees, transaction fees, and service charges. TrustCo also benefits from investment income derived from its securities portfolio. The bank's strategic focus on customer relationships and community engagement fosters loyalty, contributing to a stable deposit base and a consistent flow of lending opportunities.

TrustCo Bank Financial Statement Overview

Summary

TrustCo Bank demonstrates strong profitability with a solid gross profit margin and healthy EBIT and EBITDA margins. The balance sheet is robust with low leverage, though the declining ROE trend is a concern. Cash flow generation is improving, indicating good financial health.

Income Statement

TrustCo Bank's income statement shows a strong gross profit margin of 65.7% in TTM, indicating efficient cost management. The net profit margin of 19.8% reflects solid profitability. Revenue growth is modest at 1.16% in TTM, suggesting stable but slow growth. EBIT and EBITDA margins are healthy at 26% and 30.3% respectively, indicating good operational efficiency.

Balance Sheet

The balance sheet is stable with a low debt-to-equity ratio of 0.18 in TTM, indicating conservative leverage. Return on equity is moderate at 7.8%, showing decent profitability relative to equity. The equity ratio is strong, suggesting a solid capital structure. However, the declining trend in ROE from previous years could be a concern.

Cash Flow

Cash flow analysis reveals a positive free cash flow growth rate of 17.48% in TTM, indicating improved cash generation. The operating cash flow to net income ratio of 0.72 suggests good cash conversion, though slightly below optimal levels. The free cash flow to net income ratio of 0.83 indicates efficient cash utilization.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	274.13M	263.15M	244.52M	205.86M	185.92M	195.46M
Gross Profit	181.46M	169.77M	188.91M	199.74M	183.79M	165.15M
EBITDA	86.31M	75.48M	88.40M	109.97M	92.72M	79.58M
Net Income	56.85M	48.83M	58.65M	75.23M	61.52M	52.45M
Balance Sheet
Total Assets	6.35B	6.24B	6.17B	6.00B	6.20B	5.90B
Cash, Cash Equivalents and Short-Term Investments	294.44M	344.52M	501.56M	524.94M	456.07M	486.27M
Total Debt	135.93M	124.94M	133.46M	294.38M	297.41M	267.54M
Total Liabilities	5.66B	5.56B	5.52B	5.40B	5.60B	5.33B
Stockholders Equity	692.01M	676.34M	645.28M	599.99M	601.13M	568.16M
Cash Flow
Free Cash Flow	43.65M	54.56M	58.46M	74.84M	52.52M	58.33M
Operating Cash Flow	55.47M	59.44M	64.13M	78.63M	55.37M	62.16M
Investing Cash Flow	-61.91M	-3.75M	-233.59M	-416.63M	-175.26M	-35.35M
Financing Cash Flow	179.03M	8.12M	96.87M	-230.87M	232.26M	623.44M

TrustCo Bank Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 42.22
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TRST, the sentiment is Positive. The current price of 42.22 is above the 20-day moving average (MA) of 39.92, above the 50-day MA of 38.10, and above the 200-day MA of 33.92, indicating a bullish trend. The MACD of 1.16 indicates Negative momentum. The RSI at 69.54 is Neutral, neither overbought nor oversold. The STOCH value of 82.62 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TRST.

TrustCo Bank Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TRST	80 Outperform	$776.20M	14.05	8.35%	3.64%	5.75%	20.52%
ORRF	78 Outperform	$697.28M	9.47	13.43%	2.96%	47.65%	101.00%
HTB	76 Outperform	$707.18M	11.22	10.88%	1.19%	0.21%	14.54%
SPFI	72 Outperform	$614.01M	10.78	12.97%	1.64%	5.87%	37.99%
THFF	71 Outperform	$691.72M	9.34	12.46%	3.49%	16.57%	69.64%
MPB	70 Outperform	$666.31M	11.80	7.31%	2.81%	12.09%	-15.97%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

TrustCo Bank Corporate Events

TrustCo Bank Corp NY’s Earnings Call Highlights Strong Growth

TrustCo Bank Corp NY’s recent earnings call revealed a strong financial performance, characterized by significant increases in net income and loan growth. The company also demonstrated improved credit quality and an active stock repurchase program. While minor concerns were noted regarding equity ratios and non-performing loans, the overall sentiment was positive, indicating a promising outlook for the future.

TrustCo Bank to Release Q3 2025 Results Soon

TrustCo Bank Corp NY announced that it will release its third quarter 2025 financial results on October 21, 2025. The company will also hold a conference call on October 22, 2025, to discuss these results, indicating a proactive approach in engaging with stakeholders and providing insights into its financial performance.

The most recent analyst rating on (TRST) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on TrustCo Bank stock, see the TRST Stock Forecast page.

TrustCo Bank Increases Quarterly Dividend by 5.6%

On August 19, 2025, TrustCo Bank Corp NY announced an increase in its quarterly cash dividend to $0.38 per share, marking a 5.6% rise from the previous dividend. This decision reflects TrustCo’s commitment to providing value to its shareholders, with the dividend payable on October 1, 2025, to those recorded as shareholders by September 5, 2025.

The most recent analyst rating on (TRST) stock is a Buy with a $42.00 price target. To see the full list of analyst forecasts on TrustCo Bank stock, see the TRST Stock Forecast page.