Welcome to our dedicated page for Trustco Bk N Y news (Ticker: TRST), a resource for investors and traders seeking the latest updates and insights on Trustco Bk N Y stock.
TrustCo Bank Corp NY (TRST) is a savings and loan holding company in the savings institutions industry, with a community banking focus and common stock listed on the Nasdaq Global Select Market. Through its subsidiary, Trustco Bank, the company operates a branch network in New York, New Jersey, Vermont, Massachusetts, and Florida, where it accepts deposits and makes loans and investments.
This news page aggregates updates and announcements that TrustCo releases through press releases and SEC-reported current reports. Readers can follow regular disclosures on quarterly earnings, where the company reports metrics such as net interest income, net interest margin, average loans and deposits, and asset quality indicators. These earnings releases often discuss trends in residential loans, home equity credit lines, commercial loans, and deposit growth within the bank’s community markets.
TrustCo’s news flow also includes capital actions such as stock repurchase program authorizations and progress updates, as well as Board decisions on quarterly cash dividends. The company highlights an uninterrupted dividend record dating back to 1904 and periodically announces dividend rate changes through press releases and related Form 8-K filings.
In addition, TrustCo issues announcements about upcoming financial results and conference calls, providing dates and access details for investors and analysts who wish to review management’s commentary on performance and strategy. For anyone tracking TRST, this page offers a centralized view of dividend declarations, buyback authorizations, quarterly result summaries, and other material events that the company reports.
Investors and researchers can use this news feed to monitor how TrustCo manages its community banking operations, capital position, and shareholder return policies over time, based solely on the company’s own public communications.
TrustCo Bank (NASDAQ: TRST) reported outstanding Q2 2025 financial results, with net income rising 19.8% to $15.0 million ($0.79 per diluted share) compared to Q2 2024. The bank achieved net interest income growth of 10.5% to $41.7 million, while net interest margin expanded to 2.71%, up 18 basis points year-over-year.
Key highlights include average loan growth of $115.6 million and average deposit increase of $173.4 million compared to Q2 2024. Notable growth areas included an 18% increase in home equity credit lines and 11% growth in commercial loans. The bank's asset quality remained strong with improved NPL ratios, while wealth management fees increased 13% to $1.8 million.
TrustCo's capital position strengthened with equity-to-assets ratio reaching 10.91%, and book value per share increased to $36.75. During Q2 2025, the bank repurchased 169,000 shares under its stock repurchase program.
TrustCo Bank Corp NY (Nasdaq: TRST), a $6.3 billion savings and loan holding company, has scheduled its second quarter 2025 earnings release for July 21, 2025 after market close. The company will host a conference call to discuss the results on July 22, 2025 at 9:00 a.m. Eastern Time.
TrustCo operates 136 offices across New York, New Jersey, Vermont, Massachusetts, and Florida through its subsidiary, Trustco Bank. The bank offers comprehensive services including wealth management, retirement planning, and trust and estate administration services.
TrustCo Bank Corp NY (Nasdaq: TRST) has declared a quarterly cash dividend of $0.36 per share, equivalent to $1.44 per share annually. The dividend will be paid on July 1, 2025, to shareholders of record as of June 6, 2025. CEO Robert J. McCormick highlighted the company's strong first-quarter performance and emphasized the significance of their dividend program, which has maintained an uninterrupted distribution streak since 1904, supporting shareholders' important life expenses such as college tuition and retirement funding.
TrustCo Bank Corp NY (NASDAQ: TRST) reported strong Q1 2025 financial results with net income of $14.3 million, up 17.7% from Q1 2024. Key highlights include:
- Net interest income increased 10.4% to $40.4 million
- Average loans grew by $104.7 million (2.1%)
- Average deposits rose by $103.3 million (1.9%)
- Book value per share reached $36.16, up from $34.12
The bank announced a stock repurchase program for up to 1 million shares (approximately 5% of outstanding stock). Asset quality remained strong with non-performing loans at 0.37%. Wealth Management income showed significant growth, with fees increasing 16.7% to $2.1 million and assets under management rising 17.4% to $1.2 billion.
TrustCo Bank Corp NY (NASDAQ: TRST) has scheduled the release of its first quarter 2025 financial results after market close on April 21, 2025. The company will host a conference call to discuss the results on April 22, 2025, at 9:00 a.m. Eastern Time.
TrustCo operates as a $6.2 billion savings and loan holding company through its subsidiary, Trustco Bank, with 136 offices across New York, New Jersey, Vermont, Massachusetts, and Florida. The bank offers comprehensive services including wealth management, investment services, retirement planning, and trust and estate administration.
TrustCo Bank Corp NY (Nasdaq: TRST) has announced a significant stock repurchase program approved by its Board of Directors. The program authorizes the repurchase of up to 1,000,000 shares of common stock, representing approximately 5% of current outstanding shares.
The repurchases can be executed through open market transactions, private dealings, block trades, or via Rule 10b5-1 trading plans. The program will span approximately twelve months, with management conducting purchases at their discretion based on stock prices, market conditions, and alternative capital uses.
Chairman, President, and CEO Robert J. McCormick described this as a 'bold move to strategically deploy capital,' viewing it as an opportunity for value enhancement if the stock is undervalued relative to business strength. The company maintains flexibility to suspend, modify, or terminate the program based on market conditions and other factors.
TrustCo Bank Corp NY (Nasdaq: TRST) has announced its first quarterly dividend for 2025, maintaining its $0.36 per share payout ($1.44 annualized). The dividend will be paid on April 1, 2025, to shareholders of record as of March 7, 2025.
The company highlighted its consistent dividend history dating back to 1904, with Chairman, President, and CEO Robert J. McCormick emphasizing TrustCo's commitment to maintaining strong corporate performance and reliable dividend payments that help investors meet their financial goals.
TrustCo Bank Corp NY (Nasdaq: TRST) has announced its first quarterly dividend for 2025, maintaining its $0.36 per share payout ($1.44 annualized). The dividend will be distributed on April 1, 2024 to shareholders of record as of March 7, 2025.
The company emphasized its long-standing tradition of delivering quarterly dividends since 1904, highlighting the consistency of its corporate performance. Chairman, President, and CEO Robert J. McCormick expressed optimism about 2025 and pride in the team's ability to maintain reliable dividend payments that contribute to investors' financial goals.
TrustCo Bank reported Q4 2024 net income of $11.3 million ($0.59 per share), up from $9.8 million ($0.52 per share) in Q4 2023. Full-year 2024 net income was $48.8 million ($2.57 per share), compared to $58.6 million ($3.08 per share) in 2023.
Key Q4 2024 metrics include: net interest income of $38.9 million (up 0.8% YoY), ROAA of 0.73%, and ROAE of 6.70%. Average loans increased by $104.9 million (2.1%) YoY, while average deposits grew by $31.7 million (0.6%). The bank's equity-to-assets ratio improved to 10.84%, with book value per share reaching $35.56.
Asset quality remained strong with a 0.99% allowance for credit losses ratio. Nonperforming loans were $18.8 million, representing 0.37% of total loans, with a coverage ratio of 267.3%.
TrustCo Bank Corp NY (TRST) has announced it will release its fourth quarter 2024 financial results after market close on January 21, 2025. The company will host a conference call to discuss the results on January 22, 2025 at 9:00 a.m. Eastern Time.
Investors can participate in the call by dialing 1-833-470-1428 (US) or 1-833-950-0062 (Canada) with access code 645488. A replay will be available for 30 days. The call will also be webcast and archived for one year. TrustCo operates as a $6.1 billion savings and loan holding company through Trustco Bank, managing 136 offices across New York, New Jersey, Vermont, Massachusetts, and Florida.