Last $7.02 USD
Change Today +0.06 / 0.86%
Volume 177.4K
TRST On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

trustco bank corp ny (TRST) Snapshot

Open
$6.97
Previous Close
$6.96
Day High
$7.04
Day Low
$6.95
52 Week High
11/29/13 - $7.67
52 Week Low
09/4/13 - $5.77
Market Cap
664.6M
Average Volume 10 Days
190.8K
EPS TTM
$0.45
Shares Outstanding
94.7M
EX-Date
09/3/14
P/E TM
15.6x
Dividend
$0.26
Dividend Yield
3.74%
Current Stock Chart for TRUSTCO BANK CORP NY (TRST)

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trustco bank corp ny (TRST) Details

TrustCo Bank Corp NY operates as the holding company for Trustco Bank that provides personal and business banking services to individuals, partnerships, and corporations. The company accepts deposits, including savings, demand deposits, interest-bearing checking, money market, and time deposit accounts, as well as certificates of deposit. It also offers commercial real estate loans and other commercial loans; residential real estate loans, including first mortgages, home equity loans, and home equity lines of credit; and other consumer loans. In addition, the company provides asset and wealth management; estate planning and related advice; and custodial services, as well as acts as trustee for personal trusts, employee benefit plans, and corporate pension and profit sharing trusts. The company operates approximately 139 banking offices and 148 automatic teller machines in New York, Florida, Vermont, Massachusetts, and New Jersey. TrustCo Bank Corp NY was founded in 1902 and is based in Glenville, New York.

747 Employees
Last Reported Date: 08/4/14
Founded in 1902

trustco bank corp ny (TRST) Top Compensated Officers

Chief Executive Officer, President, Director...
Total Annual Compensation: $880.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $640.0K
Senior Vice President, Florida Regional Presi...
Total Annual Compensation: $247.5K
Chief Banking Officer, Executive Vice Preside...
Total Annual Compensation: $510.0K
Executive Vice President, Secretary, Executiv...
Total Annual Compensation: $205.6K
Compensation as of Fiscal Year 2013.

trustco bank corp ny (TRST) Key Developments

TrustCo Bank Corp NY Declares Quarterly Cash Dividend, Payable October 1, 2014

The board of directors of TrustCo Bank Corp. NY declared a quarterly cash dividend of $0.065625 per share, or $0.2625 per share on an annualized basis. The dividend will be payable October 1, 2014, to shareholders of record at the close of business on September 5, 2014.

TrustCo Bank Corp. NY Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Charge Off for the Second Quarter Ended June 30, 2014

TrustCo Bank Corp. NY reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total interest income was $39,156,000 compared to $37,331,000 a year ago. Net interest income was $35,480,000 compared to $33,540,000 a year ago. Income before taxes was $19,048,000 compared to $15,587,000 a year ago. Net income was $11,808,000 or $0.125 per basic and diluted share compared to $15,587,000 or $0.104 per basic and diluted share a year ago. Return on average assets and return on average equity were 1.03% and 12.50%, respectively for the second quarter of 2014, compared to 0.88% and 10.83% for the second quarter of 2013. Tangible book value per share ended the second quarter at $4.06 compared to $3.69 in the year-ago period. Tax equivalent net interest income is $35.5 million, which is an increase of almost $2 million over second quarter of 2013. That is a very sizeable increase on a quarter-to-quarter basis and represents the most significant driver for the increase in net income in the future. For the six months, the company reported total interest income was $77,602,000 compared to $74,801,000 a year ago. Net interest income was $70,136,000 compared to $67,145,000 a year ago. Income before taxes was $37,162,000 compared to $30,227,000 a year ago. Net income was $22,819,000 or $0.241 per basic and diluted share compared to $18,931,000 or $0.201 per basic and diluted share a year ago. Return on average assets and return on average equity were 1.01% and 12.30%, respectively, compared to 0.87% and 10.60% for the first half of 2013. Book value per share as at June 30, 2014 was $4.07 compared to $3.70 as at June 30, 2013. Tangible book value per share as at June 30, 2014 was $4.06 compared to $3.69 as at June 30, 2013. For the quarter, the company reported total net charge-offs of $1,600,000 compared to net charge-offs $2,069,000 a year ago.

TrustCo Bank Corp. NY to Report Q2, 2014 Results on Jul 21, 2014

TrustCo Bank Corp. NY announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 21, 2014

 

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Industry Analysis

TRST

Industry Average

Valuation TRST Industry Range
Price/Earnings 15.1x
Price/Sales 4.3x
Price/Book 1.7x
Price/Cash Flow 15.1x
TEV/Sales NM Not Meaningful
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