Loans Reach Another All-Time High, Credit Quality Remains Solid; TrustCo Reports Net Income of $12.1 Million and Capital Up 3%
TrustCo Bank Corp NY (TRST)
Last trustco bank corp ny earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations:
snl.com/irweblinkx/corporateprofile.aspx?iid=100465
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Source: GlobeNewswire
Executive Snapshot: Average Loan portfolio continues to grow: On average, total loans were up $249.4 million or 5.2% for the first quarter 2024 compared to first quarter 2023 Continued solid financial results: Key metrics for first quarter 2024: Net income of $12.1 million versus $9.8 million for the fourth quarter 2023Net interest income of $36.6 millionReturn on average assets (ROAA) of 0.80% versus 0.64% for the fourth quarter 2023Return on average equity (ROAE) of 7.54% versus 6.21% for the fourth quarter 2023Book value per share at period end was $34.12, up from $33.92 compared to December 31, 2023 Superior asset quality: Nonperforming loans (NPLs) were $18.3 million as of March 31, 2024, down from $19.2 million March 31, 2023, and continue to remain at low levelsNPLs to total loans were 0.37% as of March 31, 2024 compared to 0.40% at March 31, 2023Nonperforming assets (NPAs) to total assets was 0.33% at March 31, 2024 compared to 0.35% at March 31, 2023 Capital continues t
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News
- TrustCo Bank Corp NY (NASDAQ: TRST) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- TrustCo Bank Corp NY (NASDAQ:TRST) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- TrustCo Bank Corp NY (NASDAQ: TRST) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- TrustCo Bank (TRST) Surpasses Q1 Earnings Estimates [Yahoo! Finance]Yahoo! Finance
- TrustCo Bank: Back To A 5.5% Yield, It Is A Buy [Seeking Alpha]Seeking Alpha
TRST
Earnings
- 4/22/24 - Beat
TRST
Sec Filings
- 4/22/24 - Form 8-K
- 4/10/24 - Form 8-K
- 4/1/24 - Form ARS
- TRST's page on the SEC website