NASDAQ : TRST
TrustCo Bank Corp NY — Financial statements
Financials · Banks - Regional · United States
Last price 56.28 USD (Oct 30, 2026, 2:27 PM EDT) · Market cap 930.20M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 234.08M | 220.85M | 205.60M | 187.46M | 162.21M | 159.17M |
| Interest Income on Investments | 35.55M | 38.57M | 37.72M | 38.75M | 24.39M | 8.81M |
| Total Interest Income | 269.63M | 259.42M | 243.32M | 226.21M | 186.60M | 167.98M |
| Interest Paid on Deposits | 87.10M | 89.55M | 90.59M | 53.35M | 5.73M | 6.67M |
| Interest Paid on Borrowings | 1.46M | 894.00K | 791.00K | 1.01M | 740.00K | 909.00K |
| Total Interest Expense | 88.56M | 90.44M | 91.38M | 54.36M | 6.47M | 7.57M |
| Net Interest Income | 181.07M | 168.97M | 151.94M | 171.84M | 180.13M | 160.41M |
| Trust Income | 8.12M | 7.86M | 7.25M | 6.42M | 7.04M | 7.36M |
| Gain (Loss) on Sale of Investments | 900.00K | 1.38M | ||||
| Other Non-Interest Income | 10.98M | 11.09M | 11.20M | 11.89M | 12.22M | 10.58M |
| Total Non-Interest Income | 20.00M | 18.95M | 19.83M | 18.32M | 19.26M | 17.94M |
| Revenues Before Loan Losses | 201.07M | 187.92M | 171.77M | 190.16M | 199.40M | 178.34M |
| Provision for Loan Losses | 2.85M | 1.60M | 2.00M | 1.25M | -341.00K | -5.45M |
| Revenue | 198.22M | 186.32M | 169.77M | 188.91M | 199.74M | 183.79M |
| Salaries and Employee Benefits | 47.13M | 45.59M | 44.03M | 48.54M | 43.00M | 45.72M |
| Occupancy Expenses | 7.47M | 7.57M | 7.17M | 7.04M | 7.13M | 7.60M |
| Federal Deposit Insurance | 4.49M | 4.51M | 4.12M | 4.30M | 3.16M | 3.01M |
| Selling, General & Administrative | 41.05M | 39.34M | 42.00M | 38.87M | 36.62M | 36.23M |
| Other Non-Interest Expense | 9.58M | 7.78M | 7.65M | 9.28M | 10.10M | 8.92M |
| Total Non-Interest Expense | 110.04M | 105.50M | 105.73M | 108.55M | 100.32M | 101.66M |
| EBT Excluding Unusual Items | 88.18M | 80.81M | 64.05M | 80.36M | 99.42M | 82.13M |
| Legal Settlements | -2.75M | |||||
| Pretax Income | 88.18M | 80.81M | 64.05M | 77.61M | 99.42M | 82.13M |
| Income Tax Expense | 22.05M | 19.68M | 15.21M | 18.97M | 24.18M | 20.61M |
| Net Income | 66.13M | 61.14M | 48.83M | 58.65M | 75.23M | 61.52M |
| Net Income to Common | 66.13M | 61.14M | 48.83M | 58.65M | 75.23M | 61.52M |
| Basic Shares Outstanding | 17.56M | 18.75M | 19.02M | 19.02M | 19.13M | 19.26M |
| Diluted Shares Outstanding | 17.63M | 18.79M | 19.04M | 19.02M | 19.13M | 19.26M |
| EPS (Basic) | 3.77 | 3.26 | 2.57 | 3.08 | 3.93 | 3.19 |
| EPS (Diluted) | 3.75 | 3.25 | 2.57 | 3.08 | 3.93 | 3.19 |
| Dividend Per Share | 1.54 | 1.48 | 1.44 | 1.44 | 1.41 | 1.37 |
| Effective Tax Rate | 25.00% | 24.35% | 23.75% | 24.44% | 24.32% | 25.10% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 597.32M | 730.43M | 641.81M | 578.00M | 650.60M | 1.15B |
| Investment Securities | 97.33M | 104.13M | 145.06M | 214.61M | 221.20M | 136.91M |
| Mortgage-Backed Securities | 200.33M | 210.63M | 218.49M | 244.13M | 268.02M | 280.72M |
| Total Investments | 297.66M | 314.76M | 363.55M | 458.75M | 489.22M | 417.64M |
| Gross Loans | 5.45B | 5.25B | 5.10B | 5.00B | 4.73B | 4.44B |
| Allowance for Loan Losses | -55.16M | -52.20M | -50.25M | -48.58M | -46.03M | -44.27M |
| Net Loans | 5.40B | 5.20B | 5.05B | 4.95B | 4.69B | 4.39B |
| Property, Plant & Equipment | 74.98M | 74.34M | 70.41M | 74.55M | 77.28M | 81.12M |
| Accrued Interest Receivable | 11.49M | 9.10M | ||||
| Restricted Cash | 69.60M | |||||
| Other Real Estate Owned & Foreclosed | 1.18M | 1.39M | 2.17M | 194.00K | 2.06M | 362.00K |
| Other Long-Term Assets | 117.04M | 112.92M | 106.48M | 96.19M | 76.43M | 68.75M |
| Total Assets | 6.49B | 6.44B | 6.24B | 6.17B | 6.00B | 6.20B |
| Accrued Expenses | 45.33M | 38.35M | 44.68M | 36.97M | 32.67M | 29.88M |
| Interest Bearing Deposits | 4.87B | 4.14B | 4.07B | 4.12B | 4.10B | 4.31B |
| Institutional Deposits | 602.60M | 561.30M | 474.40M | 250.00M | 161.50M | |
| Non-Interest Bearing Deposits | 817.55M | 814.91M | 762.10M | 754.53M | 838.15M | 794.88M |
| Total Deposits | 5.68B | 5.56B | 5.39B | 5.35B | 5.19B | 5.27B |
| Short-Term Borrowings | 98.11M | 120.05M | 84.78M | 88.99M | 122.70M | 244.69M |
| Current Portion of Leases | 8.05M | |||||
| Long-Term Leases | 35.08M | 28.34M | 40.16M | 44.47M | 48.98M | 52.72M |
| Other Long-Term Liabilities | 1.90M | 1.80M | 1.70M | 2.90M | ||
| Total Liabilities | 5.86B | 5.75B | 5.56B | 5.52B | 5.40B | 5.60B |
| Common Stock | 20.12M | 20.12M | 20.10M | 20.06M | 20.06M | 20.05M |
| Additional Paid-In Capital | 261.76M | 260.33M | 258.87M | 257.18M | 257.08M | 256.66M |
| Retained Earnings | 510.68M | 480.00M | 446.50M | 425.07M | 393.83M | 349.06M |
| Treasury Stock | -161.31M | -83.88M | -45.27M | -43.79M | -43.79M | -36.78M |
| Comprehensive Income & Other | 76.00K | 10.02M | -3.86M | -13.24M | -27.19M | 12.15M |
| Shareholders' Equity | 631.33M | 686.59M | 676.34M | 645.28M | 599.99M | 601.13M |
| Total Liabilities & Equity | 6.49B | 6.44B | 6.24B | 6.17B | 6.00B | 6.20B |
| Total Debt | 133.18M | 156.44M | 124.94M | 133.46M | 171.68M | 297.41M |
| Net Cash (Debt) | 464.13M | 573.98M | 516.87M | 444.54M | 478.92M | 852.46M |
| Net Cash Per Share | 26.33 | 30.55 | 27.15 | 23.37 | 25.03 | 44.25 |
| Filing Date Shares Outstanding | 16.53M | 17.71M | 19.02M | 19.02M | 19.02M | 19.22M |
| Total Common Shares Outstanding | 16.53M | 18.03M | 19.02M | 19.02M | 19.02M | 19.22M |
| Book Value Per Share | 38.20 | 38.08 | 35.56 | 33.92 | 31.54 | 31.28 |
| Tangible Book Value | 631.33M | 686.59M | 676.34M | 645.28M | 599.99M | 601.13M |
| Tangible Book Value Per Share | 38.20 | 38.08 | 35.56 | 33.92 | 31.54 | 31.28 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 61.14M | 48.83M | 58.65M | 75.23M | 61.52M | |
| Depreciation & Amortization | 11.46M | 11.44M | 10.79M | 10.55M | 10.60M | |
| Gain (Loss) on Sale of Assets | 85.00K | -219.00K | -254.00K | -437.00K | -216.00K | |
| Gain (Loss) on Sale of Investments | 884.00K | -246.00K | 1.73M | 2.27M | 3.96M | |
| Total Asset Writedown | 547.00K | 350.00K | 143.00K | 68.00K | 121.00K | |
| Provision for Credit Losses | 1.60M | 2.00M | 1.25M | -341.00K | -5.45M | |
| Accrued Interest Receivable | -635.00K | 489.00K | -2.19M | -2.39M | 932.00K | |
| Change in Income Taxes | -3.87M | 6.35M | -79.00K | 4.91M | -148.00K | |
| Change in Other Net Operating Assets | -18.84M | -12.46M | -11.17M | -15.78M | -15.40M | |
| Other Operating Activities | 4.13M | 1.99M | 2.16M | 4.11M | -238.00K | |
| Operating Cash Flow | 57.60M | 59.44M | 64.13M | 78.63M | 55.37M | |
| Capital Expenditures | -11.87M | -4.88M | -5.67M | -3.79M | -2.84M | |
| Sale of Property, Plant and Equipment | 713.00K | 470.00K | 6.00K | |||
| Investment in Securities | 60.96M | 98.39M | 40.03M | -117.36M | 21.59M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -154.20M | -97.99M | -269.95M | -296.34M | -194.68M | |
| Other Investing Activities | -94.00K | -304.00K | -406.00K | -193.00K | -98.00K | |
| Investing Cash Flow | -104.67M | -3.75M | -233.59M | -416.63M | -175.26M | |
| Short-Term Debt Issued | 35.27M | 29.93M | ||||
| Total Debt Issued | 35.27M | 29.93M | ||||
| Short-Term Debt Repaid | -4.21M | -33.71M | -121.99M | |||
| Total Debt Repaid | -4.21M | -33.71M | -121.99M | |||
| Net Debt Issued (Repaid) | 35.27M | -4.21M | -33.71M | -121.99M | 29.93M | |
| Issuance of Common Stock | 24.00K | 95.00K | 429.00K | 260.00K | ||
| Repurchase of Common Stock | -38.43M | -567.00K | -7.00M | -2.59M | ||
| Common Dividends Paid | -27.62M | -27.41M | -27.39M | -26.99M | -26.28M | |
| Net Increase (Decrease) in Deposit Accounts | 166.43M | 40.21M | 157.97M | -75.32M | 230.94M | |
| Financing Cash Flow | 135.69M | 8.12M | 96.87M | -230.87M | 232.26M | |
| Net Cash Flow | 88.61M | 63.81M | -72.59M | -568.87M | 112.37M | |
| Free Cash Flow | 45.74M | 54.56M | 58.46M | 74.84M | 52.52M | |
| Free Cash Flow Margin | 24.55% | 32.14% | 30.95% | 37.47% | 28.58% | |
| Free Cash Flow Per Share | 2.43 | 2.87 | 3.07 | 3.91 | 2.73 | |
| Cash Interest Paid | 90.61M | 91.17M | 51.35M | 6.03M | 7.88M | |
| Cash Income Tax Paid | 19.08M | 9.15M | 19.06M | 19.46M | 20.49M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 955.48M | 761.46M | 633.24M | 590.71M | 716.16M | 640.17M |
| Last Close Price | 56.26 | 40.40 | 31.24 | 27.78 | 32.04 | 27.25 |
| PE Ratio | 15.43 | 12.46 | 12.97 | 10.07 | 9.52 | 10.41 |
| PS Ratio | 4.84 | 4.09 | 3.73 | 3.13 | 3.59 | 3.48 |
| PB Ratio | 1.47 | 1.11 | 0.94 | 0.92 | 1.19 | 1.06 |
| P/FCF Ratio | 16.05 | 16.65 | 11.61 | 10.10 | 9.57 | 12.19 |
| P/OCF Ratio | 13.89 | 13.22 | 10.65 | 9.21 | 9.11 | 11.56 |
| Debt / Equity Ratio | 0.21 | 0.23 | 0.18 | 0.21 | 0.29 | 0.49 |
| Debt / FCF Ratio | 3.42 | 2.29 | 2.28 | 2.29 | 5.66 | |
| Net Debt / Equity Ratio | -0.73 | -0.84 | -0.76 | -0.69 | -0.80 | -1.42 |
| Net Debt / FCF Ratio | -12.55 | -9.47 | -7.60 | -6.40 | -16.23 | |
| Return on Equity (ROE) | 9.99% | 8.97% | 7.39% | 9.42% | 12.53% | 10.52% |
| Return on Assets (ROA) | 1.03% | 0.96% | 0.79% | 0.96% | 1.23% | 1.02% |
| Earnings Yield | 6.48% | 8.03% | 7.71% | 9.93% | 10.51% | 9.61% |
| FCF Yield | 6.23% | 6.01% | 8.62% | 9.90% | 10.45% | 8.21% |
| Dividend Yield | 2.77% | 3.50% | 4.32% | 4.64% | 3.75% | 4.12% |
| Payout Ratio | 42.71% | 45.18% | 56.13% | 46.70% | 35.88% | 42.72% |
| Buyback Yield / Dilution | 7.08% | 1.30% | -0.06% | 0.56% | 0.68% | 0.21% |
| Total Shareholder Return | 9.84% | 4.80% | 4.26% | 5.20% | 4.42% | 4.33% |