Trustco Bank Corp NY (TRST)
NASDAQ:TRST
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TrustCo Bank
(NASDAQ:TRST)
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Rating:74Outperform
Price Target:
$55.00
â–²(30.30% Upside)
Action:Reiterated
Date:05/21/26
Overall score is driven by strong technical trend and constructive earnings-call momentum (higher earnings/NII with NIM expansion, efficiency improvement, and buybacks), supported by a reasonable valuation and dividend. The main constraints are financial-performance durability risks: margin/ROE below prior peaks and some variability in cash-flow trends, alongside modest credit-quality and provisioning headwinds.
Positive Factors
Revenue & Cash Generation
Sustained TTM revenue surge and strong margins with high free cash flow conversion indicate durable core profitability and internal funding capacity. This supports reinvestment, dividend continuity and buybacks without immediate reliance on external capital, strengthening long-term financial flexibility.
Negative Factors
Eroding Allowance & Rising NPLs
Declining allowance coverage alongside a rising level of nonperforming loans reduces the bank's loss-absorbing cushion. Over a multi-quarter horizon this increases the risk of higher provisions or charge-offs, pressuring recurring earnings and constraining capital deployment if credit deterioration persists.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Cash Generation
Sustained TTM revenue surge and strong margins with high free cash flow conversion indicate durable core profitability and internal funding capacity. This supports reinvestment, dividend continuity and buybacks without immediate reliance on external capital, strengthening long-term financial flexibility.
Read all positive factors
TrustCo Bank (TRST) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$955.70M
Dividend Yield3.48%
Average Volume (3M)121.08K
Price to Earnings (P/E)15.4
Beta (1Y)0.75
Revenue Growth6.30%
EPS Growth27.79%
CountryUS
Employees740
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.41
Shares Outstanding17,474,812
10 Day Avg. Volume158,144
30 Day Avg. Volume121,083
Financial Highlights & Ratios
PEG Ratio0.47
Price to Book (P/B)1.10
Price to Sales (P/S)2.71
P/FCF Ratio16.51
Enterprise Value/Market Cap1.06
Enterprise Value/Revenue3.59
Enterprise Value/Gross Profit5.32
Enterprise Value/Ebitda11.25
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
TrustCo Bank Business Overview & Revenue Model
Company Description
TrustCo Bank Corp NY functions as the parent entity for Trustco Bank, a federally regulated savings institution. This subsidiary delivers a comprehensive suite of banking solutions, addressing the financial needs of private individuals, partnershi...
How the Company Makes Money
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TrustCo Bank Earnings Call Summary
Earnings Call Date:Apr 21, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 21, 2026
Earnings Call Sentiment Positive
The call presented a predominately positive picture: strong net income and net interest income growth, margin expansion, all-time high loan balances with notable growth in home equity and residential mortgages, an active share repurchase program, improved return and efficiency metrics, and recurring wealth management fee income. Lowlights were modest: slight increases in nonperforming loans and nonperforming assets, a decline in allowance coverage ratio, a higher provision driven by forward-looking economic assumptions, and moderately lower capital ratios as buybacks proceed. Management emphasized disciplined capital deployment and conservative underwriting, suggesting these headwinds are being managed.Positive Updates
Net Income Growth
Net income for Q1 2026 was $16.3 million, a 14.1% increase year-over-year, driven by margin improvement, higher net interest income and noninterest income contributions.
Negative Updates
Modest Deterioration in Nonperforming Loans
Nonperforming loans rose to $21.5 million from $18.8 million a year ago. Nonperforming loans to total loans increased to 0.41% (from 0.37% YoY) and nonperforming assets increased to $22.8 million (from $20.9 million YoY).
Read all updates
Q1-2026 Updates
Positive
Negative
Net Income Growth
Net income for Q1 2026 was $16.3 million, a 14.1% increase year-over-year, driven by margin improvement, higher net interest income and noninterest income contributions.
Read all positive updates
Company Guidance
Guidance from the call emphasized disciplined capital deployment and expense control: management expects 2026 recurring noninterest expense (net of ORE) of $26.7–$27.3 million and ORE expense not to exceed $250,000 per quarter, will continue a share repurchase program authorized for up to 2.0 million shares (11.1% of common stock) after repurchasing 522,000 shares in Q1 (and 1.0M in 2025), and will preserve strong capital/liquidity (consolidated equity/assets 10.31%, book value per share $38.32; year‑end Tier 1 referenced near 18.4%). They will continue to use Moody’s baseline economic forecast for CECL (Q1 provision $0.95M, driven roughly half by loan growth and half by the forward-looking factor), maintain an allowance of $53.0M (coverage 247%) against average loans of $5.3B (up $158.9M, +3.1% YoY; actual loans +$37.7M q/q), with NPLs $21.5M (0.41% of loans) and NPAs $22.8M (0.35% of assets). The bank reiterated confidence in continued net interest income strength (Q1 NII $44.7M, NIM ~2.84%, yield on interest‑earning assets 4.23%, cost of interest‑bearing liabilities 1.79%), deposits of $5.7B (+$156M YoY), wealth AUM ~$1.26B (wealth fees = 44.1% of noninterest income; wealth fees +9% q/q), and targets share buybacks as the centerpiece of capital return while not jeopardizing capital ratios or liquidity.TrustCo Bank Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
71
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 281.59M | 278.33M | 263.15M | 244.52M | 205.86M | 185.92M |
| Gross Profit | 190.22M | 186.72M | 169.77M | 188.91M | 199.74M | 183.79M |
| EBITDA | 89.84M | 89.75M | 75.48M | 88.40M | 109.97M | 92.72M |
| Net Income | 63.15M | 61.14M | 48.83M | 58.65M | 75.23M | 61.52M |
Balance Sheet | ||||||
| Total Assets | 6.51B | 6.44B | 6.24B | 6.17B | 6.00B | 6.20B |
| Cash, Cash Equivalents and Short-Term Investments | 43.16M | 293.47M | 344.52M | 501.56M | 524.94M | 456.07M |
| Total Debt | 148.85M | 156.44M | 124.94M | 133.46M | 294.38M | 297.41M |
| Total Liabilities | 5.84B | 5.75B | 5.56B | 5.52B | 5.40B | 5.60B |
| Stockholders Equity | 670.92M | 686.59M | 676.34M | 645.28M | 599.99M | 601.13M |
Cash Flow | ||||||
| Free Cash Flow | 59.18M | 45.74M | 54.56M | 58.46M | 74.84M | 52.52M |
| Operating Cash Flow | 68.14M | 57.60M | 59.44M | 64.13M | 78.63M | 55.37M |
| Investing Cash Flow | -152.67M | -104.67M | -3.75M | -233.59M | -416.63M | -175.26M |
| Financing Cash Flow | 96.50M | 135.69M | 8.12M | 96.87M | -230.87M | 232.26M |
TrustCo Bank Technical Analysis
Positive
42.21
Price Trends
48.12
Positive
45.83
Positive
42.39
Positive
Market Momentum
1.63
Negative
73.35
Negative
88.27
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 42.21 is below the 20-day moving average (MA) of 50.79, below the 50-day MA of 48.12, and below the 200-day MA of 42.39, indicating a bullish trend. The MACD of 1.63 indicates Negative momentum. The RSI at 73.35 is Negative, neither overbought nor oversold. The STOCH value of 88.27 is Negative, 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 41 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | $765.68M | 8.88 | 14.62% | 2.93% | 10.73% | 121.24% | |
74 Outperform | $955.70M | 15.43 | 9.21% | 3.48% | 6.30% | 27.79% | |
74 Outperform | $880.48M | 10.92 | 12.81% | 3.19% | 9.58% | 46.74% | |
72 Outperform | $798.25M | 11.83 | 11.25% | 1.12% | -1.41% | 23.15% | |
68 Neutral | $855.14M | 15.25 | 6.26% | 2.58% | 17.28% | -22.85% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $801.25M | 11.25 | 12.58% | 1.57% | 3.76% | 19.82% |
* Financial Sector Average
TRST
TrustCo Bank
54.69
23.70
76.49%
THFF
First Financial Indiana
74.04
23.16
45.50%
MPB
Mid Penn Bancorp
33.74
7.69
29.52%
ORRF
Orrstown Financial Services
38.97
8.98
29.93%
HTB
Hometrust Bancshares
47.50
11.65
32.50%
SPFI
South Plains Financial
41.85
6.01
16.77%
TrustCo Bank Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
TrustCo Shareholders Approve Board, Equity Plan and Auditor
Positive
May 20, 2026
TrustCo Bank Corp NY operates in the financial services industry as a regional banking institution, providing consumer and commercial banking products such as deposits, loans, and related financial services to customers in its core markets. The co...
DividendsShareholder Meetings
TrustCo Bank Declares Quarterly Dividend, Affirms Shareholder Support
Positive
May 20, 2026
On May 19, 2026, TrustCo Bank Corp NY’s board declared a quarterly cash dividend of $0.38 per share, equivalent to $1.52 on an annualized basis, payable on July 1, 2026 to shareholders of record as of June 5, 2026. Management highlighted tha...
Financial Disclosures
TrustCo Bank Sets Date for Q1 2026 Results
Neutral
Apr 10, 2026
TrustCo Bank Corp NY, a regional banking institution, announced on April 10, 2026 that it would release its financial results for the first quarter of 2026 on April 21, 2026. The company also scheduled a conference call for April 22, 2026 to discu...
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.