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TrustCo Bank Corp NY (TRST)
:TRST
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TrustCo Bank
(NASDAQ:TRST)
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Rating:78Outperform
Price Target:
$49.00
â–²(16.06% Upside)
TrustCo Bank's strong financial performance and positive earnings call sentiment are the most significant factors driving the score. The technical indicators show a strong upward trend, although caution is advised due to the nearing overbought RSI. The valuation is reasonable, and the commitment to dividends further supports the stock's attractiveness.
Positive Factors
Strong Loan and Deposit Growth
The growth in loans and deposits indicates robust demand for TrustCo's banking services, supporting long-term revenue stability and market presence.
Improved Credit Quality
Enhanced credit quality reduces risk and potential losses, strengthening TrustCo's financial health and lending capacity over time.
Commitment to Shareholder Returns
Consistent dividend payments reflect TrustCo's financial stability and commitment to returning value to shareholders, fostering investor confidence.
Negative Factors
Decline in Free Cash Flow Growth
A decline in free cash flow growth can limit TrustCo's ability to reinvest in operations or pursue growth opportunities, potentially impacting future expansion.
Slight Decrease in Equity to Assets Ratio
A decrease in the equity to assets ratio may signal reduced financial buffer, impacting TrustCo's ability to absorb potential losses and maintain capital adequacy.
Minimal Increase in Non-Performing Loans
An increase in non-performing loans, though minimal, could indicate emerging credit risks, potentially affecting asset quality and profitability.
TrustCo Bank (TRST) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$797.76M
Dividend Yield3.42%
Average Volume (3M)121.08K
Price to Earnings (P/E)14.4
Beta (1Y)0.73
Revenue Growth5.75%
EPS Growth20.52%
CountryUS
Employees740
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.86
Shares Outstanding18,424,019
10 Day Avg. Volume158,144
30 Day Avg. Volume121,083
Financial Highlights & Ratios
PEG Ratio-0.78
Price to Book (P/B)0.94
Price to Sales (P/S)2.41
P/FCF Ratio11.61
Enterprise Value/Market Cap0.97
Enterprise Value/Revenue2.83
Enterprise Value/Gross Profit4.28
Enterprise Value/Ebitda9.00
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.87
Revenue Forecast (FY)$187.10M
TrustCo Bank Business Overview & Revenue Model
Company DescriptionTrustCo 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 MoneyTrustCo 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 Earnings Call Summary
Earnings Call Date:Oct 21, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Jan 26, 2026
Earnings Call Sentiment Positive
TrustCo Bank Corp NY demonstrated strong financial performance with substantial increases in net income and loan growth, alongside improved credit quality and an active stock repurchase program. While there were minor concerns regarding equity ratios and non-performing loans, the overall performance and strategic initiatives indicate a positive outlook.Q3-2025 Updates
Positive Updates
Strong Financial Performance
TrustCo Bank Corp NY reported a third-quarter net income of $16.3 million, marking an increase of 26.3% over the prior year quarter. Return on average assets increased by 21.4%, and return on average equity grew by 20%.
Loan and Deposit Growth
Average loans for the quarter grew by 2.5% or $125.9 million to an all-time high of $5.2 billion, with significant increases in home equity credit lines (15.7%) and commercial loans (12.4%). Total deposits increased by $217 million compared to the prior year quarter.
Credit Quality Improvement
Nonperforming loans declined to $18.5 million from $19.4 million in the previous year, and the coverage ratio increased to over 280%, up 9% from the third quarter last year.
Stock Repurchase Program
The company repurchased 298,000 shares during the quarter, with a total of 467,000 shares repurchased year to date, demonstrating strong confidence in the company's value.
Negative Updates
Slight Decrease in Equity to Assets Ratio
The consolidated equity to assets ratio slightly decreased from 10.95% in 2024Q3 to 10.9% in 2025Q3.
Minimal Increase in Non-Performing Loans
Non-performing loans were $18.5 million at this quarter-end compared to $17.9 million last quarter, showing a slight increase.
Company Guidance
During the TrustCo Bank Corp NY earnings call for the third quarter of fiscal year 2025, several key financial metrics were highlighted, showcasing the company's robust performance. Net income for the quarter reached $16.3 million, marking a 26.3% increase from the previous year. The bank experienced a return on average assets of 1.02% and a return on average equity of 9.29%. Net interest income rose by $4.4 million, or 11.5%, from the prior year quarter, with the net interest margin improving to 2.79%. The company also reported strong loan and deposit growth, with average loans increasing by 2.5% to $5.2 billion and total deposits rising by $217 million year-over-year. TrustCo Bank Corp NY continued to emphasize credit quality, reducing nonperforming loans to 0.36% of total loans and achieving a coverage ratio of over 280%. Additionally, the bank repurchased 298,000 shares of common stock during the quarter and plans to complete its authorized stock buyback program, underscoring confidence in its long-term franchise strength and capital optimization strategy.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.85
Very Positive
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.78
Positive
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.70
Positive
| 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
Positive
42.22
Price Trends
39.73
Positive
38.19
Positive
34.52
Positive
Market Momentum
1.05
Positive
59.54
Neutral
28.04
Neutral
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 below the 20-day moving average (MA) of 42.96, above the 50-day MA of 39.73, and above the 200-day MA of 34.52, indicating a bullish trend. The MACD of 1.05 indicates Positive momentum. The RSI at 59.54 is Neutral, neither overbought nor oversold. The STOCH value of 28.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TRST.
TrustCo Bank Risk Analysis
TrustCo Bank disclosed 36 risk factors in its most recent earnings report. TrustCo Bank reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
TrustCo Bank Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $713.85M | 9.69 | 13.43% | 2.90% | 47.65% | 101.00% | |
79 Outperform | $746.31M | 13.29 | 7.31% | 2.53% | 12.09% | -15.97% | |
79 Outperform | $654.46M | 11.49 | 12.97% | 1.54% | 5.87% | 37.99% | |
78 Outperform | $797.76M | 14.44 | 8.35% | 3.42% | 5.75% | 20.52% | |
77 Outperform | $758.68M | 10.25 | 12.46% | 3.19% | 16.57% | 69.64% | |
76 Outperform | $778.88M | 12.36 | 10.88% | 1.10% | 0.21% | 14.54% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
TRST
TrustCo Bank
43.30
11.06
34.31%
THFF
First Financial Indiana
64.02
19.02
42.27%
MPB
Mid Penn Bancorp
32.38
3.86
13.53%
ORRF
Orrstown Financial Services
36.61
1.28
3.62%
HTB
Hometrust Bancshares
44.65
11.05
32.89%
SPFI
South Plains Financial
40.28
5.57
16.05%
TrustCo Bank Corporate Events
Dividends
TrustCo Bank Declares Quarterly Dividend for Shareholders
Positive
Nov 19, 2025
On November 19, 2025, TrustCo Bank Corp NY announced that its Board of Directors declared a quarterly cash dividend of $0.38 per share, payable on January 2, 2026, to shareholders of record as of December 5, 2025. This decision underscores TrustCo’s commitment to returning capital to shareholders, continuing a 120-year tradition of uninterrupted dividend payments. The company’s financial strength in 2025 has supported this ongoing commitment, enhancing shareholder value and fostering strong stakeholder relationships.
Financial Disclosures
TrustCo Bank to Release Q3 2025 Results Soon
Neutral
Oct 10, 2025
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.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.