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Stock impact report

Trustco Bank Corp N Y Reports Full Year 2023 Earnings and Loan Growth Amid Economic Challenges [Yahoo! Finance]

TrustCo Bank Corp NY (TRST) 
Last trustco bank corp ny earnings: 4/21 04:00 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Total Loan Growth : Increased by $309.9 million, or 6.6%, in Q4 2023 compared to Q4 2022. Nonperforming Assets : Dropped to 0.29% of total assets, the lowest in 17 years. Net Interest Margin : Decreased to 2.60% in Q4 2023 from 3.34% in Q4 2022. Deposits : Total deposits increased by $158.0 million to $5.35 billion as of December 31, 2023. Equity to Assets Ratio : Improved to 10.46% at the end of 2023 from 10.00% the previous year. On January 22, 2024, Trustco Bank Corp N Y ( NASDAQ:TRST ) released its 8-K filing , detailing its financial performance for the full year ended December 31, 2023. The company, a savings and loan holding entity, reported a net income of $58.6 million or $3.08 diluted earnings per share for the year, a decrease from the $75.2 million or $3.93 diluted earnings per share reported for 2022. The fourth quarter saw a net income of $9.8 million or $0.52 diluted earnings per share, compared to $20.9 million or $1.10 for the same period in the prior year. Show less Read more
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