TrustCo’s Total Loans Surpass $5 Billion - Reach All-Time High; Nonperforming Assets to Total Assets at 0.29%, Lowest in 17 Years
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: Loan portfolio reaches all-time high: At $5.0 billion as of December 31, 2023, loans continued to set new all-time highsOn average, total loans were up $309.9 million or 6.6% for the fourth quarter 2023 compared to fourth quarter 2022 Continued solid financial results: Key metrics for 2023: Net income of $58.6 millionNet interest income of $171.8 millionReturn on average assets (ROAA) of 0.97%Return on average equity (ROAE) of 9.46%Book value per share at period end was $33.92, up from $31.54 compared to December 31, 2022 Superior asset quality: Nonperforming loans (NPLs) were $17.7 million as of December 31, 2023, up slightly from December 31, 2022, and continue to remain at low levelsNPLs to total loans improved to 0.35% compared to 0.37% at December 31, 2022Nonperforming assets (NPAs) to total assets improved to 0.29% compared to 0.33% at December 31, 2022 Capital continues to grow: Consolidated equity to assets increased to 10.46% at December 31, 2023 from
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TRST
News
- 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
- Loans Reach Another All-Time High, Credit Quality Remains Solid; TrustCo Reports Net Income of $12.1 Million and Capital Up 3%GlobeNewswire
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