Trustco Bank Corp NY (TRST)
NASDAQ:TRST
Top Page
TrustCo Bank
(NASDAQ:TRST)
Select Model
Select Model
Rating:68Neutral
Price Target:
$47.00
â–²(11.35% Upside)
Action:DowngradedDate:03/18/26
The score is driven primarily by stable-to-improving financial performance (higher profitability but weaker cash conversion and higher debt) and a constructive earnings outlook emphasizing margin/earnings momentum and shareholder returns. Valuation is supportive with a moderate P/E and solid yield, while technical indicators are mixed with slightly negative near-term momentum.
Positive Factors
Strong net income growth
A 38% YoY jump in quarterly net income reflects durable core earnings momentum that strengthens ROA/ROE and builds internal capital. Sustained higher earnings give management flexibility for dividends, buybacks and reserve building, improving resilience across economic cycles.
Negative Factors
Allowance and coverage decline
A reduced allowance and lower coverage ratio weaken the bank's loss-absorbing cushion against credit deterioration. Persistently lower reserves increase earnings and capital sensitivity to future NPLs, raising downside risk if credit stress or charge-offs accelerate.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong net income growth
A 38% YoY jump in quarterly net income reflects durable core earnings momentum that strengthens ROA/ROE and builds internal capital. Sustained higher earnings give management flexibility for dividends, buybacks and reserve building, improving resilience across economic cycles.
Read all positive factors
TrustCo Bank (TRST) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$757.12M
Dividend Yield3.48%
Average Volume (3M)121.08K
Price to Earnings (P/E)12.1
Beta (1Y)0.76
Revenue Growth5.75%
EPS Growth20.52%
CountryUS
Employees740
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.85
Shares Outstanding17,710,510
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 Cap1.21
Enterprise Value/Revenue3.28
Enterprise Value/Gross Profit4.89
Enterprise Value/Ebitda10.17
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 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 i...
How the Company Makes Money
null...
TrustCo Bank Earnings Call Summary
Earnings Call Date:Jan 21, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 27, 2026
Earnings Call Sentiment Positive
The call highlighted strong core earnings momentum driven by a 38% YoY net income increase, NII and margin expansion, healthy loan and deposit growth, active capital return through buybacks/dividends, and a sizable recurring wealth-management fee stream. These positives are tempered by modest increases in non-performing loans and assets, a reduction in allowance levels and coverage ratio YoY, a slight dip in the equity-to-assets ratio, planned higher recurring expense guidance for 2026, and some branch expansion challenges. On balance, the operational and revenue strength materially outweigh the measured credit and expense headwinds.Positive Updates
Strong Net Income Growth
Fourth-quarter net income of $15.6M, up 38% year-over-year, driving return on average assets of 0.978% and return on average equity of 9.99%.
Negative Updates
Modest Increase in Non-Performing Loans and Assets
Non-performing loans rose to $20.7M from $18.8M a year ago; NPLs to total loans increased to 0.39% from 0.37% YoY. Non-performing assets rose to $22.1M from $21.0M a year ago.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Net Income Growth
Fourth-quarter net income of $15.6M, up 38% year-over-year, driving return on average assets of 0.978% and return on average equity of 9.99%.
Read all positive updates
Company Guidance
TrustCo guided that 2026 recurring non‑interest expense (net of other real estate expense) is expected to be $27.7 million to $28.2 million per quarter (management said they expect to be toward the lower end), with other real estate expense targeted not to exceed $250,000 per quarter; the bank renewed its share‑repurchase program authorizing up to 2,000,000 shares (≈11.1% of outstanding) for 2026 after repurchasing 533,000 shares in 2025 and 1,000,000 shares (5.3% YTD) under the prior program, will continue its century‑long dividend payout, and reiterated its intention to maintain competitive deposit offerings to support continued loan growth and margin expansion.TrustCo Bank Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
70
Positive
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 278.33M | 263.15M | 244.52M | 205.86M | 185.92M |
| Gross Profit | 186.72M | 169.77M | 188.91M | 199.74M | 183.79M |
| EBITDA | 89.75M | 75.48M | 88.40M | 109.97M | 92.72M |
| Net Income | 61.14M | 48.83M | 58.65M | 75.23M | 61.52M |
Balance Sheet | |||||
| Total Assets | 6.44B | 6.24B | 6.17B | 6.00B | 6.20B |
| Cash, Cash Equivalents and Short-Term Investments | 360.99M | 344.52M | 501.56M | 524.94M | 456.07M |
| Total Debt | 192.84M | 124.94M | 133.46M | 294.38M | 297.41M |
| Total Liabilities | 5.75B | 5.56B | 5.52B | 5.40B | 5.60B |
| Stockholders Equity | 686.59M | 676.34M | 645.28M | 599.99M | 601.13M |
Cash Flow | |||||
| Free Cash Flow | 45.74M | 54.56M | 58.46M | 74.84M | 52.52M |
| Operating Cash Flow | 57.60M | 59.44M | 64.13M | 78.63M | 55.37M |
| Investing Cash Flow | -104.67M | -3.75M | -233.59M | -416.63M | -175.26M |
| Financing Cash Flow | 135.69M | 8.12M | 96.87M | -230.87M | 232.26M |
TrustCo Bank Technical Analysis
Positive
42.21
Price Trends
43.85
Negative
42.47
Positive
38.77
Positive
Market Momentum
-0.23
Positive
49.00
Neutral
45.65
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 42.21 is below the 20-day moving average (MA) of 43.37, below the 50-day MA of 43.85, and above the 200-day MA of 38.77, indicating a neutral trend. The MACD of -0.23 indicates Positive momentum. The RSI at 49.00 is Neutral, neither overbought nor oversold. The STOCH value of 45.65 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $674.00M | 10.33 | 12.51% | 1.57% | 5.87% | 37.99% | |
69 Neutral | $736.47M | 8.35 | 13.02% | 3.19% | 16.57% | 69.64% | |
68 Neutral | $757.12M | 12.13 | 8.86% | 3.48% | 5.75% | 20.52% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $686.30M | 7.29 | 14.41% | 2.93% | 47.65% | 101.00% | |
62 Neutral | $711.84M | 11.33 | 10.88% | 1.12% | 0.21% | 14.54% | |
61 Neutral | $788.56M | 12.77 | 7.31% | 2.58% | 12.09% | -15.97% |
* Financial Sector Average
TRST
TrustCo Bank
42.75
13.42
45.75%
THFF
First Financial Indiana
61.93
14.79
31.37%
MPB
Mid Penn Bancorp
31.35
6.20
24.66%
ORRF
Orrstown Financial Services
34.98
5.94
20.45%
HTB
Hometrust Bancshares
42.05
8.20
24.21%
SPFI
South Plains Financial
41.27
8.70
26.72%
TrustCo Bank Corporate Events
Business Operations and StrategyDividends
TrustCo Bank Declares Quarterly Dividend, Signals Ongoing Confidence
Positive
Feb 17, 2026
On February 17, 2026, TrustCo Bank Corp NY announced that its board declared a quarterly cash dividend of $0.38 per share, equivalent to $1.52 per share on an annualized basis. The dividend is scheduled to be paid on April 1, 2026 to shareholders ...
Business Operations and StrategyExecutive/Board Changes
TrustCo Bank Announces Planned Retirement of Chief Operating Officer
Neutral
Jan 29, 2026
On January 27, 2026, TrustCo Bank Corp NY announced that Executive Vice President and Chief Operating Officer Robert M. Leonard notified the company of his intention to retire from all positions with the company and its subsidiaries, effective Dec...
Business Operations and StrategyStock Buyback
TrustCo Bank Unveils Major Share Repurchase Focused Strategy
Positive
Jan 29, 2026
TrustCo Bank Corp NY, which operates in the banking sector, has been in ongoing discussions with HoldCo Asset Management about its business operations, financial condition, capital allocation, strategic and MA priorities, and corporate governance,...
Financial Disclosures
TrustCo Bank sets date for Q4 2025 results
Neutral
Jan 12, 2026
On January 12, 2026, TrustCo Bank Corp NY announced plans to release its fourth-quarter 2025 financial results on January 21, 2026, followed by a conference call to discuss the results on January 22, 2026. The timing of the disclosure and follow-u...
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.