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TrustCo Bank Corp NY

TRST

TrustCo Bank Corp NY • NASDAQ
$42.13 ▼ -0.21% (-0.09)
Market Cap $797.86 M
52w High $43.14
52w Low $27.18
Dividend Yield 1.46%
P/E 14
Volume 59.46K
Outstanding Shares 18.94M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $70.722M ▲ $26.242M ▲ $16.258M ▲ 22.989% ▲ $0.86 ▲ $24.199M ▲
Q2-2025 $69.324M ▲ $26.223M ▼ $15.039M ▲ 21.694% ▲ $0.79 ▲ $22.57M ▲
Q1-2025 $67.763M ▲ $26.329M ▼ $14.275M ▲ 21.066% ▲ $0.75 ▲ $21.526M ▲
Q4-2024 $66.318M ▲ $28.165M ▲ $11.281M ▼ 17.01% ▼ $0.59 ▼ $18.018M ▼
Q3-2024 $66M $26.2M $12.875M 19.508% $0.68 $19.618M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $294.444M ▼ $6.349B ▲ $5.657B ▲ $692.013M ▼
Q2-2025 $314.537M ▼ $6.348B ▲ $5.656B ▲ $692.805M ▲
Q1-2025 $373.235M ▲ $6.339B ▲ $5.651B ▲ $687.808M ▲
Q4-2024 $344.522M ▼ $6.239B ▲ $5.562B ▲ $676.343M ▲
Q3-2024 $433.313M $6.11B $5.441B $669.021M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $16.258M ▲ $12.801M ▼ $-18.81M ▲ $-12.026M ▲ $-18.035M ▲ $9.986M ▼
Q2-2025 $15.039M ▲ $27.052M ▲ $-51.16M ▼ $-18.438M ▼ $-42.546M ▼ $24.932M ▲
Q1-2025 $14.275M ▲ $1.28M ▼ $16.712M ▲ $96.333M ▼ $114.325M ▼ $-3.265M ▼
Q4-2024 $11.281M ▼ $14.339M ▼ $-8.657M ▲ $113.165M ▲ $118.847M ▲ $11.995M ▼
Q3-2024 $12.875M $16.488M $-11.738M $-17.898M $-13.148M $15.559M

Five-Year Company Overview

Income Statement

Income Statement TrustCo’s income statement shows a slow-and-steady business with some pressure on profitability in the last couple of years. Revenue has generally trended upward over five years, which is positive, but profit measures peaked a few years ago and have since eased back. That suggests margins have been squeezed, likely from higher funding costs and a tougher rate environment. Earnings per share have drifted down from their recent high, so while the bank is still clearly profitable, it is earning less on each dollar of business than it did at its peak. Overall, this looks like a conservative lender that stayed solidly in the black, but not a fast-growing profit engine right now.

Balance Sheet

Balance Sheet The balance sheet looks conservative and reasonably healthy. Total assets have been fairly stable, showing no aggressive expansion. Debt has come down from earlier levels, which reduces financial risk and interest burden. Equity has steadily grown, which is a sign of retained earnings building capital over time. Cash is a small but consistent slice of the balance sheet, typical for a traditional community-focused bank that sits most of its value in loans and securities rather than cash. Overall, this suggests a well-capitalized bank that has avoided large balance-sheet swings or outsized leverage.

Cash Flow

Cash Flow Cash generation appears steady and predictable. Operating cash flow has been consistently positive, indicating that the core banking business reliably brings in more cash than it consumes. Free cash flow has also been positive each year, showing that after routine investments back into the business, there is still cash left over. Capital spending has been modest, reflecting a business that does not require heavy physical investment to operate. This pattern of stable cash flow and low capital needs supports TrustCo’s image as a conservative, income-focused bank rather than a high-growth, capital-hungry institution.

Competitive Edge

Competitive Edge TrustCo competes as a regional, community-oriented bank with a distinctive portfolio-lender model. By keeping most of its mortgages instead of selling them, it can offer flexible and unusual products, like its “Split-the-Difference” mortgage, which is tailored for customers stuck in older low-rate loans but wanting to move. Its strong capital levels and low funding costs, relative to many peers, give it a financial cushion and pricing flexibility. The close, long-term customer relationships and “home town bank” positioning also help it resist pure price competition. On the risk side, it faces the usual pressures of regional banks: competition from bigger national players and digital-only banks, exposure to local economies, and interest-rate risk from holding mortgages on its own books.

Innovation and R&D

Innovation and R&D TrustCo is not a technology pioneer, but it is making practical, targeted upgrades. Instead of building its own systems, it partnered with a major fintech provider to modernize online and mobile banking. The new digital platform offers standard features customers now expect, such as online account opening, digital payments, budgeting tools, and enhanced alerts, with room to add capabilities like person-to-person payments. Innovation here is more about improving customer experience and efficiency than about breakthrough tech. On the product side, the bank’s creativity shows in niche offerings like the “Split-the-Difference” mortgage and personalized wealth-management services for clients who might be overlooked at larger institutions. The main risk is that, if digital expectations keep rising quickly, a partnership-based approach may need continual attention and investment to stay competitive.

Summary

TrustCo Bank Corp NY comes across as a conservative, community-focused regional bank with steady revenue, solid profitability, and a strong balance sheet, but with some recent pressure on earnings. It generates consistent cash flow, keeps leverage in check, and has gradually built its capital base, giving it resilience in a volatile rate environment. Its competitive edge rests less on cutting-edge technology and more on its portfolio-lender model, distinctive mortgage offerings, and close customer relationships, supported by sensible digital upgrades via partners rather than homegrown innovation. The opportunity lies in using its stable financial footing and unique products to deepen relationships and selectively expand, while the main risks are interest-rate swings, credit cycles, and intensifying competition from larger and more technologically advanced banks. Overall, it looks like a disciplined, stability-oriented bank with modest growth prospects and a focus on incremental improvements rather than dramatic change.

NEWS

November 19, 2025 · 1:21 PM UTC

TrustCo Reinforces Commitment to Shareholders with Quarterly Dividend; Highlighting Over 120 Years of Uninterrupted Payments

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October 21, 2025 · 4:00 PM UTC

TrustCo Announces Net Income Up 26.3%; Net Interest Income up 11.5%; The Product of Strategic Vision and Effective Tactics

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October 10, 2025 · 4:00 PM UTC

TrustCo to Release Third Quarter 2025 Results on October 21, 2025; Conference Call on October 22, 2025

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