TrustCo Announces Fourth Quarter and Full Year 2018 Results; Net Income Up 42.4% Over Prior Year to $61.4 Million
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: Continued solid financial results:- Key metrics for fourth quarter 2018:-- Net income of $16.0 million in the fourth quarter 2018 up 118% compared to $7.4 million in the fourth quarter 2017-- Return on average assets (ROAA) of 1.30% compared to 0.60% in the fourth quarter of 2017-- Return on average equity (ROAE) of 13.18% compared to 6.38% in the fourth quarter of 2017-- Efficiency ratio of 55.06% compared to 53.13% in the fourth quarter of 2017 (Non-GAAP measure) Asset quality remains strong:- Nonperforming assets (NPAs) fell by $962 thousand compared to December 31, 2017- NPAs to total assets improved to 0.54% at December 31, 2018- Quarterly net chargeoffs were $470 thousand in the fourth quarter 2018, compared to $212 thousand in the fourth quarter 2017 Loan portfolio reaches all-time high:- Average loans were up $244 million for the fourth quarter 2018 compared to fourth quarter of 2017- At $3.9 billion as of December 31, 2018, loans continue to set new all-
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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