TrustCo Announces Second Quarter 2019 Results; Net Income of $14.7 Million and 6.0% Average Residential Loan Growth Year over Year
TrustCo Bank Corp NY (TRST)
Last trustco bank corp ny earnings: 4/21 04:00 pm
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Source: GlobeNewswire
GLENVILLE, N.Y., July 22, 2019 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, NASDAQ: TRST) · TrustCo Bank Corp NY today announced second quarter 2019 net income of $14.7 million or $0.151 diluted earnings per share compared to $15.4 million or $0.160 diluted earnings per share in the second quarter of 2018 despite an increase of $4.8 million in interest expense during the same time period. Similar results were noted during the six month period wherein net income was $29.2 million for the six months ended June 30, 2019 versus $30.2 million for the same period in 2018 while total interest expense increased by $8.3 million. Summary Robert J. McCormick, Chairman, President and Chief Executive Officer noted, “Balanced growth of loans and deposits during the second quarter helped preserve our strong liquidity position while at the same time mitigated the impact of margin compression.” Average loans grew by 4.8% and average deposits increased 4.7% for the second quarter of 2019 comp
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- Strong Capital Supports TrustCo’s Consistent Dividend; Annualized Payout of $1.44 per shareGlobeNewswire
- TrustCo Bank Corp NY (NASDAQ:TRST) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
TRST
Earnings
- 1/22/24 - Miss
TRST
Sec Filings
- 4/10/24 - Form 8-K
- 4/1/24 - Form ARS
- 4/1/24 - Form DEFA14A
- TRST's page on the SEC website