Trustco Bank Corp NY (TRST)
NASDAQ:TRST
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TrustCo Bank
(NASDAQ:TRST)
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Rating:75Outperform
Price Target:
$55.00
â–²(30.30% Upside)
Action:Reiterated
Date:05/09/26
The score is driven primarily by solid financial performance (strong recent growth, healthy profitability, improving leverage) and supportive technical momentum (price above major moving averages, positive MACD). Valuation is also favorable with a moderate P/E and ~3% dividend yield. The latest earnings call adds support via margin/earnings improvement and ongoing buybacks, partially offset by modest credit-quality and capital-ratio headwinds.
Positive Factors
Strong recent revenue and margins
Sustained, material TTM revenue growth alongside healthy net and EBIT margins demonstrates durable core profitability and expanding business scale. This supports long-term cash generation, reinvestment capacity, and resilience versus cyclical earnings swings for 2–6+ months.
Negative Factors
Rising nonperforming loans/assets
A trend of increasing NPLs and NPAs, even at modest absolute levels, signals potential stress in credit quality that can erode future earnings and require higher provisioning. Persistent deterioration would pressure loan growth and capital over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong recent revenue and margins
Sustained, material TTM revenue growth alongside healthy net and EBIT margins demonstrates durable core profitability and expanding business scale. This supports long-term cash generation, reinvestment capacity, and resilience versus cyclical earnings swings for 2–6+ months.
Read all positive factors
TrustCo Bank (TRST) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$861.68M
Dividend Yield3.48%
Average Volume (3M)121.08K
Price to Earnings (P/E)12.0
Beta (1Y)0.77
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 Cap1.12
Enterprise Value/Revenue3.44
Enterprise Value/Gross Profit5.09
Enterprise Value/Ebitda10.77
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
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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
45.85
Positive
44.63
Positive
41.34
Positive
Market Momentum
0.90
Negative
62.54
Neutral
75.10
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 47.91, below the 50-day MA of 45.85, and above the 200-day MA of 41.34, indicating a bullish trend. The MACD of 0.90 indicates Negative momentum. The RSI at 62.54 is Neutral, neither overbought nor oversold. The STOCH value of 75.10 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 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 | $861.68M | 11.97 | 9.21% | 3.48% | 6.30% | 27.79% | |
75 Outperform | $704.37M | 7.97 | 14.62% | 2.93% | 10.73% | 121.24% | |
74 Outperform | $794.50M | 9.48 | 12.81% | 3.19% | 9.58% | 46.74% | |
72 Outperform | $765.48M | 10.54 | 11.25% | 1.12% | -1.41% | 23.15% | |
68 Neutral | $806.98M | 21.38 | 6.26% | 2.58% | 17.28% | -22.85% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $764.68M | 11.75 | 12.58% | 1.57% | 3.76% | 19.82% |
* Financial Sector Average
TRST
TrustCo Bank
49.31
18.47
59.87%
THFF
First Financial Indiana
66.27
15.37
30.19%
MPB
Mid Penn Bancorp
31.66
4.24
15.47%
ORRF
Orrstown Financial Services
35.79
5.86
19.56%
HTB
Hometrust Bancshares
45.53
9.74
27.21%
SPFI
South Plains Financial
40.08
4.32
12.07%
TrustCo Bank Corporate Events
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...
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 ...
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.