TrustCo Bank (TRST) AI Stock Analysis

• Market Cap: $710.31M
• Dividend Yield: 3.87%
• Average Volume (3M): 133.96K
• Price to Earnings (P/E): 13.4
• Beta (1Y): 0.84
• Revenue Growth: 5.39%
• EPS Growth: 8.80%
• Country: US
• Employees: 740
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.79
• Shares Outstanding: 18,851,013
• 10 Day Avg. Volume: 120,298
• 30 Day Avg. Volume: 133,964
• 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: 2.64
• Enterprise Value/Gross Profit: 4.02
• Enterprise Value/Ebitda: 8.70
• 1Y Price Target: $44.00
• Price Target Upside: 16.77% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 72 Outperform
• Price Target: $44.00 ▲(16.77% Upside)

TrustCo Bank's strong financial performance and positive earnings call are the most significant factors driving the score. The stock's technical indicators suggest bullish momentum, though caution is warranted due to overbought signals. The fair valuation and attractive dividend yield further support the stock's appeal. The recent dividend increase underscores management's confidence in the company's financial health.

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 exhibits solid financial performance with consistent revenue growth and strong profit margins. The balance sheet showcases prudent financial management with low leverage and adequate equity. Cash flow statements reflect efficient cash management despite a decline in free cash flow growth. Overall, TrustCo Bank is in a stable financial position with room for growth, characteristic of a well-managed regional bank.

Income Statement

TrustCo Bank shows a consistent growth trajectory with total revenue increasing to $266.3 million in the TTM period. The gross profit margin for the TTM period is approximately 65.34%, reflecting strong profitability. The net profit margin stands at 19.14%, which is healthy for the banking sector. Revenue growth from 2024 to TTM is about 1.20%, indicating stable growth. EBIT and EBITDA margins at 25.10% and 29.41% respectively underscore efficient operations.

Balance Sheet

The balance sheet demonstrates strong equity with a debt-to-equity ratio of approximately 0.18, suggesting conservative leverage. The return on equity (ROE) for the TTM period is 7.41%, indicating moderate profitability on equity. The equity ratio is about 10.85%, highlighting a stable capital structure, though relatively low compared to total assets, a common trait in the banking industry.

Cash Flow

Operating cash flow to net income ratio of 1.00 for the TTM period indicates efficient cash generation. The free cash flow to net income ratio is 0.82, illustrating robust free cash flow generation. Although the free cash flow growth rate is negative at -23.22% compared to 2024, the company maintains a healthy cash flow position, reflecting strong operational efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	269.40M	263.15M	244.52M	205.86M	185.92M	195.46M
Gross Profit	177.01M	169.77M	188.91M	199.74M	183.79M	165.15M
EBITDA	81.73M	75.48M	88.40M	109.97M	92.72M	79.58M
Net Income	53.47M	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	381.78M	344.52M	501.56M	524.94M	456.07M	486.27M
Total Debt	121.72M	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	692.80M	676.34M	645.28M	599.99M	601.13M	568.16M
Cash Flow
Free Cash Flow	49.22M	54.56M	58.46M	74.84M	52.52M	58.33M
Operating Cash Flow	59.16M	59.44M	64.13M	78.63M	55.37M	62.16M
Investing Cash Flow	-54.84M	-3.75M	-233.59M	-416.63M	-175.26M	-35.35M
Financing Cash Flow	173.16M	8.12M	96.87M	-230.87M	232.26M	623.44M

TrustCo Bank Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 37.68
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 37.68 is below the 20-day moving average (MA) of 39.19, above the 50-day MA of 36.65, and above the 200-day MA of 32.62, indicating a neutral trend. The MACD of 0.37 indicates Positive momentum. The RSI at 45.61 is Neutral, neither overbought nor oversold. The STOCH value of 9.22 is Positive, 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
MPB	77 Outperform	675.94M	12.36	5.68%	2.72%	10.75%	-12.34%
HTB	76 Outperform	736.79M	12.25	―	0.86%	2.03%	4.81%
THFF	73 Outperform	685.09M	11.00	8.61%	3.43%	20.07%	21.46%
ORRF	73 Outperform	674.39M	15.48	4.27%	2.95%	89.40%	-29.07%
TRST	72 Outperform	$710.31M	13.45	7.93%	3.87%	5.39%	8.80%
SPFI	71 Outperform	637.13M	12.20	12.03%	1.55%	6.07%	20.59%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

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.