TrustCo Bank Corp NY TRST

FinancialsBanking ServicesUnited States of America

Last close 56.26 USD on Nov 1, 2026, +39.3% year to date

Quant rating

Quant rating D Rank 664 of 799 in Financials

Growth D 609 of 799
Valuation D 716 of 799
Quality D 614 of 799
Revisions D 617 of 799
Momentum A 111 of 799

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 930M
Enterprise value: 985M
52-week range: 37.20 – 59.24
3-year range: 25.81 – 59.24
Dividend yield: 2.84%
Beta (5 years): 0.65
Shares outstanding: 16.5M
Next earnings: –

About the company

TrustCo Bank Corp NY is a savings and loan holding company. The Company operates, through its principal subsidiary, Trustco Bank (the Bank). The Bank is a federal savings bank engaged in providing general banking services to individuals and businesses. The Bank provides a wide range of both personal and business banking services, including a full array of deposit products for both individuals and businesses. The Bank also offers trust and investment services through its Financial Services Department. Trustco Financial Services, the name under which the Bank’s trust department operates, serves as executor of estates and trustee of personal trusts, provides asset and wealth management services, provides estate planning and related advice, provides custodial services, and acts as trustee for various types of employee benefit plans and corporate pension and profit-sharing trusts. The Bank operates about 154 automatic teller machines and 136 banking offices.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	259	243	226	187	168	–
Revenue growth	6.6%	7.6%	21.2%	11.1%	−5.8%	7.8%
EPS (basic, normalized)	3.26	2.57	3.08	3.93	3.19	–
EPS growth	27.0%	−16.7%	−21.6%	23.1%	17.5%	3.7%
Gross margin	–	–	–	–	–	–
Net margin	23.6%	20.1%	25.9%	40.3%	36.6%	29.3%
ROE	–	–	9.5%	12.6%	10.6%	10.9%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Tier 1 risk-adjusted capital ratio	14.5%
Long-term debt (mil)	0
Net debt (mil)	–
Total equity (mil)	631
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	259	+6.6%	3.8x	–	–	–	–	–	–

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	–	–	–	–	–	–	–	–
2027	–	–	–	–	–	–	–	–
2028	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	41.4	42.1	39.5	43.3	–	–	–	–	–	–
Sales mean (mil)	43.1	–	–	–	–	–	–	–	–	–
Surprise	−4.0%	–	–	–	–	–	–	–	–	–
EPS reported	0.64	0.66	0.68	0.59	–	–	–	–	–	–
EPS mean	0.60	–	–	–	–	–	–	–	–	–
Surprise	+6.7%	–	–	–	–	–	–	–	–	–

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
TRST TrustCo Bank Corp NY	930M	14.5%	23.6%	1.07x	–	–	–	–
CPIJ Capitec Limited	32.2B	32.5%	50.5%	1.77x	26.5x	22.4x	7.6x	6.6x
NEDJ Nedbank Group Ltd	8.2B	14.4%	6.3%	1.27x	7.4x	6.7x	1.0x	1.0x
SFNC Simmons First National Corporation	3.3B	11.6%	−32.0%	1.17x	11.2x	10.0x	1.0x	0.9x
MCHB Mechanics Bancorp	3.2B	14.4%	32.7%	1.36x	14.0x	12.3x	1.3x	1.2x
BFC Bank First Corp	1.7B	11.3%	32.1%	1.04x	16.1x	13.9x	1.9x	1.8x
Mean		16.5%	18.9%	1.28x	15.0x	13.1x	2.6x	2.3x
Median		14.4%	27.8%	1.22x	14.0x	12.3x	1.3x	1.2x

Technical analysis

1M+1.6%
3M−2.0%
1Y+51.8%
3Y+151.9%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, TrustCo Bank Corp NY, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Interest income	259	243	226	187	168	178
Total interest expense	90.4	91.4	54.4	6.5	7.6	24.7
Net interest income	169	152	172	180	160	154
Loan loss provision	1.6	2.0	1.2	−0.3	−5.5	5.6
Net interest income after loan loss provision	167	150	171	180	166	148
Non-interest income	18.9	19.8	18.3	19.3	17.9	17.2
Non-interest expense	−106	−106	−111	−100	−102	−95.7
Net income before taxes	80.8	64.0	77.6	99.4	82.1	69.4
Provision for taxes	19.7	15.2	19.0	24.2	20.6	17.0
Minority interest & equity in affiliates	–	–	–	–	–	–
Other	0	0	0	0	0	0
Net income before extraordinary items	61.1	48.8	58.6	75.2	61.5	52.5
Extraordinary items	–	–	–	–	–	–
Net income	61.1	48.8	58.6	75.2	61.5	52.5
Basic weighted average shares (mil)	18.8	19.0	19.0	19.1	19.3	19.3
Diluted weighted average shares (mil)	18.8	19.0	19.0	19.1	19.3	19.3
Basic EPS excluding extraordinary items	3.26	2.57	3.08	3.93	3.19	2.72
Basic EPS, normalized	3.26	2.57	3.08	3.93	3.19	2.72

Balance sheet in millions of USD, fiscal years

Balance sheet, TrustCo Bank Corp NY, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & due from banks	50.6	47.4	49.3	43.4	48.4	47.2
Other earning assets	1,001	965	994	1,102	1,594	1,518
Net loans	5,200	5,048	4,954	4,687	4,395	4,195
Property, plant & equipment	74.3	70.4	74.5	77.3	81.1	82.3
Goodwill	–	–	–	–	–	–
Intangibles	–	–	–	–	–	–
Long-term investments	–	–	–	–	–	–
Other long-term assets	–	–	–	–	–	–
Other assets	114	109	96.4	90.0	78.2	59.1
Total assets	6,441	6,239	6,168	6,000	6,197	5,902
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	–	–	–	–	–	–
Accrued expenses	76.6	86.6	83.1	84.6	82.6	81.7
Total deposits	5,557	5,391	5,351	5,193	5,268	5,037
Other bearing liabilities	–	–	–	–	–	–
Short-term borrowings	120	84.8	89.0	123	245	215
Current portion of long-term debt	–	–	–	–	–	–
Long-term debt	0	0	0	0	0	0
Minority interest	–	–	–	–	–	–
Other liabilities	0	0	0	0	0	0
Total liabilities	5,754	5,562	5,523	5,400	5,595	5,334
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	20.1	20.1	20.1	20.1	20.0	100
Additional paid-in capital	260	259	257	257	257	176
Retained earnings (accumulated deficit)	480	447	425	394	349	314
Treasury stock	−83.9	−45.3	−43.8	−43.8	−36.8	−34.4
Other equity	10.0	−3.9	−13.2	−27.2	12.1	11.9
Total equity	687	676	645	600	601	568
Total liabilities & shareholders' equity	6,441	6,239	6,168	6,000	6,197	5,902

Cash flow statement in millions of USD, fiscal years

Cash flow statement, TrustCo Bank Corp NY, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	61.1	48.8	58.6	75.2	61.5	52.5
Depreciation, depletion & amortization	4.8	4.5	4.1	4.1	4.2	4.0
Deferred taxes	4.1	2.0	2.2	4.1	−0.2	−1.1
Non-cash items	8.9	7.2	8.6	8.4	10.3	10.0
Changes in working capital	−21.4	−3.1	−9.4	−13.2	−20.5	−3.3
Cash from operations	57.6	59.4	64.1	78.6	55.4	62.2
Investing activities
Capital expenditures	−11.9	−4.9	−5.7	−3.8	−2.8	−3.8
Other investing cash flows	−92.8	1.1	−228	−413	−172	−31.5
Cash from investing	−105	−3.8	−234	−417	−175	−35.3
Financing activities
Financing cash flow items	166	40.0	158	−75.3	231	587
Cash dividends paid	−27.6	−27.4	−27.4	−27.0	−26.3	−26.3
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−2.8	−4.5	−33.7	−129	27.8	62.6
Cash from financing	136	8.1	96.9	−231	232	623
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	88.6	63.8	−72.6	−569	112	650
Free cash flow	45.7	54.6	58.5	74.8	52.5	58.3

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.