TrustCo Bank Corp NY (TRST)

Name: TrustCo Bank Corp NY Financial Statements
Creator: Quarter Results

Financial Services | Banks Regional

Latest reporting period: 2025-03-31

Latest Quarter

2025-03-31

Revenue

$67.8M

Net Income

$14.3M

Operating Margin

27.6%

Free Cash Flow

$54.6M

Debt / Assets

89.3%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for TrustCo Bank Corp NY (TRST).
Income Statement (Quarterly)	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Revenue	67,763,000	2,546,000	2,568,000	64,860,000
Cost of Revenue	67,763,000	0	0	0
Gross Profit	0	2,546,000	2,568,000	64,860,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	0	13,771,000	13,585,000	13,783,000
Operating Expenses	0	43,311,000	-14,334,000	7,558,000
Operating Income	18,718,000	14,746,000	16,902,000	17,293,000
Interest Expense	0	23,007,000	22,398,000	22,797,000
Income Before Tax	18,718,000	14,746,000	16,902,000	16,480,000
Income Tax Expense	4,443,000	3,465,000	4,027,000	3,929,000
Net Income	14,275,000	11,281,000	12,875,000	12,551,000
Per Share
EPS	0.75	0.59	0.68	0.66
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for TrustCo Bank Corp NY (TRST).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	278,333,000	171,773,000	190,160,000	189,947,000	178,345,000
Cost of Revenue	91,643,000	0	44,056,000	0	0
Gross Profit	186,718,000	171,773,000	146,104,000	189,947,000	0
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	65,289,000	54,068,000	94,441,000	51,109,000	62,090,000
Operating Expenses	105,504,000	171,773,000	94,441,000	2,046,000	0
Operating Income	81,214,000	64,046,000	94,469,000	95,331,000	0
Interest Expense	90,443,000	91,377,000	54,361,000	6,467,000	7,574,000
Income Before Tax	80,814,000	64,046,000	77,613,000	99,417,000	82,133,000
Income Tax Expense	19,677,000	15,213,000	18,967,000	24,183,000	20,614,000
Net Income	61,137,000	48,833,000	58,646,000	75,234,000	61,519,000
Per Share
EPS	3.25	2.57	3.08	3.93	3.19
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for TrustCo Bank Corp NY (TRST).
Balance Sheet (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	50,569,000	47,364,000	49,274,000	43,429,000
Short Term Investments	310,418,000	297,158,000	-452,544,000	481,513,000
Net Receivables	0	0	0	0
Inventory	0	0	0	0
Total Current Assets	360,987,000	344,522,000	578,004,000	650,599,000
Property Plant Equipment	74,345,000	70,409,000	74,549,000	77,283,000
Goodwill and Intangibles	0	0	0	0
Total Assets	6,440,700,000	6,238,744,000	6,168,191,000	6,000,052,000
Liabilities
Account Payables	0	0	0	0
Short Term Debt	120,054,000	84,781,000	97,469,000	122,700,000
Total Current Liabilities	120,054,000	5,475,764,000	1,417,768,000	171,680,000
Long Term Debt	36,391,000	40,159,000	80,463,000	48,980,000
Total Liabilities	5,754,111,000	5,562,401,000	5,522,906,000	5,400,065,000
Shareholders Equity
Retained Earnings	479,996,000	446,503,000	425,069,000	393,831,000
Total Shareholders Equity	686,589,000	676,343,000	645,285,000	599,987,000

Balance sheet annual history for TrustCo Bank Corp NY (TRST).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	50,569,000	47,364,000	49,274,000	43,429,000	48,357,000
Short Term Investments	310,418,000	297,158,000	-452,544,000	481,513,000	407,713,000
Net Receivables	0	0	0	0	0
Inventory	0	0	0	0	0
Total Current Assets	360,987,000	344,522,000	578,004,000	650,599,000	0
Property Plant Equipment	74,345,000	70,409,000	74,549,000	77,283,000	81,117,000
Goodwill and Intangibles	0	0	0	0	0
Total Assets	6,440,700,000	6,238,744,000	6,168,191,000	6,000,052,000	6,196,546,000
Liabilities
Account Payables	0	0	0	0	0
Short Term Debt	120,054,000	84,781,000	97,469,000	122,700,000	244,686,000
Total Current Liabilities	120,054,000	5,475,764,000	1,417,768,000	171,680,000	244,686,000
Long Term Debt	36,391,000	40,159,000	80,463,000	48,980,000	52,720,000
Total Liabilities	5,754,111,000	5,562,401,000	5,522,906,000	5,400,065,000	5,595,418,000
Shareholders Equity
Retained Earnings	479,996,000	446,503,000	425,069,000	393,831,000	349,056,000
Total Shareholders Equity	686,589,000	676,343,000	645,285,000	599,987,000	601,128,000

Cash flow quarterly history for TrustCo Bank Corp NY (TRST).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	48,833,000	58,646,000	75,234,000	61,519,000
Depreciation & Amortization	11,435,000	10,786,000	10,553,000	10,602,000
Stock Based Compensation	720,000	103,000	2,900,000	0
Change in Working Capital	-5,417,000	-10,435,000	-12,831,000	-14,928,000
Operating Cash Flow	59,442,000	64,129,000	78,626,000	55,365,000
Investing Activities
Capital Expenditure	-4,884,000	-5,666,000	-3,785,000	-2,840,000
Investments	-4,884,000	-5,666,000	-3,785,000	-2,840,000
Investing Cash Flow	-3,750,000	-233,593,000	-416,626,000	-175,256,000
Financing Activities
Debt Repayment	-4,209,000	-33,710,000	-128,815,000	0
Common Stock Issued/Repurchased	-374,000	0	-6,575,000	-2,586,000
Dividends Paid	-27,409,000	-27,388,000	-26,991,000	-26,279,000
Financing Cash Flow	8,116,000	96,869,000	-230,871,000	232,262,000
Summary
Free Cash Flow	54,558,000	58,463,000	74,841,000	52,525,000
Net Change in Cash	63,808,000	-72,595,000	-568,871,000	112,371,000

Cash flow annual history for TrustCo Bank Corp NY (TRST).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Activities
Net Income	48,833,000	58,646,000	75,234,000	61,519,000	52,452,000
Depreciation & Amortization	11,435,000	10,786,000	10,553,000	10,602,000	10,178,000
Stock Based Compensation	720,000	103,000	2,900,000	0	15,000
Change in Working Capital	-5,417,000	-10,435,000	-12,831,000	-14,928,000	-7,522,000
Operating Cash Flow	59,442,000	64,129,000	78,626,000	55,365,000	62,157,000
Investing Activities
Capital Expenditure	-4,884,000	-5,666,000	-3,785,000	-2,840,000	-3,830,000
Investments	-4,884,000	-5,666,000	-3,785,000	-2,840,000	-3,830,000
Investing Cash Flow	-3,750,000	-233,593,000	-416,626,000	-175,256,000	-35,346,000
Financing Activities
Debt Repayment	-4,209,000	-33,710,000	-128,815,000	0	0
Common Stock Issued/Repurchased	-374,000	0	-6,575,000	-2,586,000	-3,493,000
Dividends Paid	-27,409,000	-27,388,000	-26,991,000	-26,279,000	-26,331,000
Financing Cash Flow	8,116,000	96,869,000	-230,871,000	232,262,000	623,442,000
Summary
Free Cash Flow	54,558,000	58,463,000	74,841,000	52,525,000	58,327,000
Net Change in Cash	63,808,000	-72,595,000	-568,871,000	112,371,000	650,253,000