TrustCo Bank (TRST) AI Stock Analysis

• Market Cap: $767.61M
• Dividend Yield: 3.65%
• Average Volume (3M): 112.17K
• Price to Earnings (P/E): 14.5
• Beta (1Y): 0.87
• Revenue Growth: 5.39%
• EPS Growth: 8.80%
• Country: US
• Employees: 740
• Sector: Financial
• Sector Strength: 71
• Industry: Banks - Regional
• EPS (TTM): 0.79
• Shares Outstanding: 18,851,013
• 10 Day Avg. Volume: 144,536
• 30 Day Avg. Volume: 112,167
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.93
• Enterprise Value/Revenue: 5.29
• Enterprise Value/Gross Profit: 6.42
• Enterprise Value/Ebitda: 18.79
• 1Y Price Target: $41.00
• Price Target Upside: 2.63% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 79 Outperform
• Price Target: $41.00 ▲(2.63% Upside)

TrustCo Bank's overall stock score is driven by its strong financial performance, positive earnings call sentiment, and attractive valuation. The technical indicators support a bullish outlook, although caution is advised due to potential overbought signals. Corporate events further bolster investor confidence.

TrustCo Bank Business Overview & Revenue Model

Company Description

TrustCo Bank Corp NY operates as the holding company for Trustco Bank, a federal savings bank that provides personal and business banking services to individuals, partnerships, and corporations. The company accepts deposits; and offers loans and investments. It also operates as a real estate investment trust that acquires, holds, and manages real estate mortgage assets, including residential mortgage loans and mortgage-backed securities. In addition, the company serves as the executor of estates and trustee of personal trusts; provides asset and wealth management, estate planning and related advice, and custodial services; and acts as trustee for various types of employee benefit plans, and corporate pension and profit-sharing trusts. As of December 31, 2021, it operated through 147 banking offices and 163 automatic teller machines in New York, New Jersey, Vermont, Massachusetts, and Florida. The company was founded in 1902 and is headquartered in Glenville, New York.

How the Company Makes Money

TrustCo Bank generates revenue through various streams typical of the banking industry. The primary source of income comes from net interest income, which is the difference between the interest earned on loans and the interest paid on deposits. Additionally, the bank earns non-interest income from service fees, transaction charges, and investment services. TrustCo may also engage in mortgage origination and servicing, contributing to its revenue. Strategic partnerships and collaborations with local businesses and community organizations enhance its ability to attract deposits and loans, further supporting its earnings. Economic factors, such as interest rates and local market conditions, also play a significant role in shaping the bank's financial performance.

TrustCo Bank Financial Statement Overview

Summary

TrustCo Bank demonstrates a strong financial position with a low debt-to-equity ratio and improved return on equity. While profitability margins have slightly declined, the bank remains efficient in cash generation. Potential risks include pressure on profit margins and a need for careful management of liabilities to maintain equity ratios.

Income Statement

TrustCo Bank demonstrates stable revenue with a slight decline in recent years. The Gross Profit Margin remains strong at 100% due to the nature of the banking industry. However, the Net Profit Margin decreased from 30.8% in 2022 to 28.4% in 2024, reflecting cost pressures or reduced efficiency. The absence of EBIT and EBITDA in the latest year suggests a change in reporting or operational challenges.

Balance Sheet

The Balance Sheet reveals a healthy financial position with a low Debt-to-Equity ratio of 0.06, indicating conservative leverage. The Equity Ratio of 10.8% shows a solid foundation, although it slightly decreased from previous years, suggesting increased liabilities. Return on Equity improved to 7.2% in 2024, indicating efficient use of equity resources.

Cash Flow

Operating Cash Flow to Net Income Ratio is healthy, showing strong cash generation relative to earnings. Free Cash Flow to Net Income Ratio also remains robust. However, Free Cash Flow Growth has declined recently, which could indicate increased capital expenditures or decreased cash inflows.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	171.77M	190.16M	189.95M	178.34M	170.75M
Gross Profit	171.77M	146.10M	189.95M	178.34M	170.75M
EBITDA	75.48M	88.40M	109.97M	92.72M	79.58M
Net Income	48.83M	58.65M	75.23M	61.52M	52.45M
Balance Sheet
Total Assets	6.24B	6.17B	6.00B	6.20B	5.90B
Cash, Cash Equivalents and Short-Term Investments	405.55M	578.00M	650.60M	456.07M	486.27M
Total Debt	40.16M	44.47M	171.68M	297.41M	267.54M
Total Liabilities	5.56B	5.52B	5.40B	5.60B	5.33B
Stockholders Equity	676.34M	645.28M	599.99M	601.13M	568.16M
Cash Flow
Free Cash Flow	54.56M	58.46M	74.84M	52.52M	58.33M
Operating Cash Flow	59.44M	64.13M	78.63M	55.37M	62.16M
Investing Cash Flow	-3.75M	-233.59M	-416.63M	-175.26M	-35.35M
Financing Cash Flow	8.12M	96.87M	-230.87M	232.26M	623.44M

TrustCo Bank Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 39.95
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• 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 39.95 is above the 20-day moving average (MA) of 36.93, above the 50-day MA of 35.44, and above the 200-day MA of 32.64, indicating a bullish trend. The MACD of 1.63 indicates Negative momentum. The RSI at 84.68 is Negative, neither overbought nor oversold. The STOCH value of 96.83 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	79 Outperform	$767.61M	14.49	7.93%	3.65%	5.39%	8.80%
MPB	77 Outperform	$698.93M	12.72	6.60%	2.65%	10.75%	-12.34%
SPFI	77 Outperform	$666.35M	12.81	12.52%	1.51%	6.07%	20.59%
HTB	76 Outperform	$726.29M	12.13	10.60%	0.87%	2.03%	4.81%
THFF	73 Outperform	$710.21M	11.44	11.08%	3.38%	20.07%	21.46%
ORRF	73 Outperform	$686.28M	15.76	10.47%	2.92%	89.40%	-29.07%
Sector *	68 Neutral	$18.06B	11.97	10.24%	3.74%	9.75%	1.30%

TrustCo Bank Corporate Events

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.

TrustCo Bank to Release Q2 2025 Results Soon

TrustCo Bank Corp NY announced on July 10, 2025, that it will release its second quarter 2025 financial results on July 21, 2025. The company will also hold a conference call on July 22, 2025, to discuss these results, potentially impacting its operational transparency and investor relations.