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Stock impact report

TrustCo is Pleased to Report First Quarter 2019 Results; Net Income of $14.6 Million and 6.0% Average Loan Growth Year over Year

TrustCo Bank Corp NY (TRST) 
Last trustco bank corp ny earnings: 4/21 04:00 pm Check Earnings Report
Company Research Source: GlobeNewswire
GLENVILLE, N.Y., April 22, 2019 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, NASDAQ: TRST) today announced first quarter 2019 net income of $14.6 million or $0.150 diluted earnings per share compared to $14.8 million or $0.153 diluted earnings per share in the first quarter of 2018.    Summary Robert J. McCormick, Chairman, President and Chief Executive Officer noted, “We are pleased to start 2019 off with continued strong net income for the first quarter 2019 as compared to the first quarter 2018.  Our focus on traditional lending criteria and conservative balance sheet management has enabled us to produce consistent earnings, maintain strong liquidity and capital.  This approach has allowed us to continue to grow our business to a new total asset record surpassing the $5 billion milestone and take advantage of changes in market and competitive conditions.  The increased earnings during 2018 has provided TrustCo the opportunity in early 2019 to invest in future earning asse Show less Read more
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