d_risk
Posted - 1 week ago
$TRST - Trustco Bank - 10Q - Updated Risk Factors Interest rate changes and regional economic activity impact financials and loan demand; recent FOMC rate cut noted. https://d-risk.ai/TRST/10-Q/2024-11-08
Gypsygirl2
Posted - 10/23/24
$TRST Sink hole this donkey is done.
DonCorleone77
Posted - 1 month ago
$TRST Trustco Bank reports Q3 EPS 68c vs.77c last year Reports Q3 Net interest income was $38.7M for the third quarter 2024, an increase of $883 thousand, or 2.3%, compared to the prior quarter, driven by loan growth at higher interest rates and lower cost of deposits, partially offset by lower investment earnings and a decrease in interest on federal funds sold and other short-term investments. The net interest margin for the third quarter 2024 was 2.61%, up 8 basis points from 2.53% in the second quarter of 2024. The yield on interest earnings assets increased to 4.11%, up 5 basis points from 4.06% in the second quarter of 2024. The cost of interest bearing liabilities decreased to 1.94% in the third quarter 2024 from 1.97% in the second quarter 2024. The Bank has seen success in retaining deposits while lowering the rates on time deposits, and still being competitive in the markets it serves. The Federal Reserve's decision regarding whether to cut or hold rates in upcoming meetings will have an effect on the Bank's ability to continue to manage deposit costs. Further reductions should help margin expansion in future quarters. Non-interest expense decreased $259 thousand over the prior quarter as a result of the Bank's ongoing efforts to control expenses. Asset quality remains strong and has been consistent over the .Chairman, President, and CEO, Robert J. McCormick said "Hard, consistent work on the fundamentals of banking once again have served the Trustco Bank team well and enabled us to post strong results under challenging circumstances. Our bankers posted one modest success after another - which accumulated into solid performance. We continued to hold the line on demand accounts and capitalized on strong customer relationships which enabled us to direct the flow into competitively-priced CDs, rather than to non-bank investment products. Not having to purchase expensive deposits or pay excessive rates, helped keep interest expense down, contributing to increased net interest income. We have continued to sell home equity products at favorable rates where origination of purchase mortgages lagged due to lack of sales volume. We booked these new loans at higher interest rates, also boosting net interest margin. Once again, loans reached a new all-time high. All of these efforts by our team resulted in net income of $12.9 million for the quarter."
BillyBeavers
Posted - 1 month ago
$TRST
DonCorleone77
Posted - 07/22/24
$TRST Trustco Bank reports Q2 EPS 66c, consensus 53c Reportsthat during the second quarter of 2024, Visa Inc. accepted the Company's tender of its 6,528 shares of Visa Class B-1 common stock in exchange for a combination of Visa Class B-2 common stock and Visa Class C common stock. As a result of the exchange, the Company marked its Visa Class C common stock to fair value and recorded a gain of $1.4M based on the conversion privilege of the Visa Class C common stock and the closing price of Visa Class A common stock on June 28, 2024 of $262.47 per share. The Company's Visa Class C shares are expected to continue to be marked to fair value on a recurring basis using the Visa Class A shares as evidence of orderly transactions between market participants for similar securities issued by Visa. The Company originally obtained the shares in 2008. The strategic decision to retain those shares and not sell them sooner, allowed the Company to avoid commissions and other expenses thus recognizing the full market value. Further, it is anticipated that there could be future opportunities to exchange Class B-2 shares. Overview Chairman, President, and CEO, Robert J. McCormick said "Our success this quarter arises directly from our commitment to the core principles of Trustco Bank: competitive pricing and exceptional customer service. This clear mission focus enabled us to reach yet another milestone in our loan portfolio, as our residential, home equity, and commercial offerings all grew significantly over this time last year, reaching an all-time high for total loans. With all revenue streams producing, we realized a 4% increase in net income. By employing a sharp focus on loan pricing and resisting upward pressure on deposit rates, we realized a 3.7% increase in net interest margin. All this was accomplished as we not only maintained, but grew capital. In true Trustco fashion, credit quality remains stellar. We believe that this momentum positions us well for the remainder of the year."
epsguid
Posted - 07/22/24
$TRST reported earnings of $0.66, consensus was $0.53 via @eWhispers #epsbeat http://eps.sh/d/trst
Stock_Titan
Posted - 07/22/24
$TRST TrustCo Delivers Once Again With Second Quarter Results Net Interest Margin Up 3.7% on Loan Growth of 3.8% https://www.stocktitan.net/news/TRST/trust-co-delivers-once-again-with-second-quarter-results-net-wvvi0zgvh7ai.html
Aigner_Andreas
Posted - 4 months ago
#GoldenCross $TRST at 30.52 R10 HiLo 92% T1Y 36 hold DIV 3.92% #TrustCo Ba #stocks #trading #finance #market
Stock_Titan
Posted - 4 months ago
$TRST TrustCo to Release Second Quarter 2024 Results on July 22, 2024; Conference Call on July 23, 2024
https://www.stocktitan.net/news/TRST/trust-co-to-release-second-quarter-2024-results-on-july-22-2024-jaeufy4mg2r4.html
StockInvest_us
Posted - 5 months ago
Signal alert: $TRST - PivotPoint bottom https://stockinvest.us/l/vwhlgKJsKd
Avocado_smash
Posted - 5 months ago
$PCH $OUT $NAVI $KMB $TRST
TickerDD_com
Posted - 05/24/24
From 5/9/2024, looking back across 22 Month-Ends for TRST, Percentage Change of Average Monthly Price had More Negatives (59%) while Percentage Change of Average Monthly Volume had All Positives (100%) $TRST #TRST #TRSTStock #TickerDD https://www.youtube.com/watch?v=a4_QoGfdHyA
DonCorleone77
Posted - 04/23/24
$TRST Trustco Bank reports Q1 EPS 64c vs. 93c last year TrustCo Bank Corp NY last night announced first quarter net income of $12.1M, or 64c diluted earnings per share, compared to net income of $17.7M, or 93c diluted earnings per share for the first quarter 2023. Average loan growth increased 5.2% or $249.4 million for the first quarter 2024 over the same period in 2023. Chairman, President, and CEO, Robert McCormick said: "Trustco Bank is known for its top-tier residential mortgage products and our customers, both existing and new, drove residential loan production up 3% compared to the first quarter of 2023. Commercial loans also grew, besting last year's first quarter by 13%, for an increase in total loans of 4%. Non-interest income and capital ratios are both up during the same period, and our team held the line on deposit run-off generating modest growth there as well. Non-performing loans are steady and charge-offs resulted in a net recovery this quarter, consistent with our commitment to excellent credit quality. All in all, we believe that we are well positioned for the year ahead."
epsguid
Posted - 04/22/24
$TRST reported earnings of $0.64, consensus was $0.60 via @eWhispers #epsbeat http://eps.sh/d/trst
Stock_Titan
Posted - 04/22/24
$TRST Loans Reach Another All-Time High, Credit Quality Remains Solid; TrustCo Reports Net Income of $12.1 Million and Capital Up 3%
https://www.stocktitan.net/news/TRST/loans-reach-another-all-time-high-credit-quality-remains-solid-trust-orkunjtvvtai.html
Stock_Titan
Posted - 7 months ago
$TRST TrustCo to Release First Quarter 2024 Results on April 22, 2024; Conference Call on April 23, 2024
https://www.stocktitan.net/news/TRST/trust-co-to-release-first-quarter-2024-results-on-april-22-2024-k4l5zf3e420w.html
Stock_Titan
Posted - 03/29/24
$TRST TrustCo Bank Corp NY Announces Stock Repurchase Plan
https://www.stocktitan.net/news/TRST/trust-co-bank-corp-ny-announces-stock-repurchase-dbg6hqngdqll.html
Stock_Titan
Posted - 9 months ago
$TRST Strong Capital Supports TrustCo’s Consistent Dividend; Annualized Payout of $1.44 per share
https://www.stocktitan.net/news/TRST/strong-capital-supports-trust-co-s-consistent-dividend-annualized-ezi2dwkpm0bl.html
UncleStock
Posted - 9 months ago
$MBWM $HAFC $FCNCA $TRST suggested for Banks - value screen: https://zpr.io/HhkC6
TickerDD_com
Posted - 9 months ago
From 2/6/2024, looking back across 22 Month-Ends for TRST, Percentage Change of Average Monthly Price had More Negatives (59%) while Percentage Change of Average Monthly Volume had More Positives (95%) $TRST #TRST #TRSTStock #TickerDD #TRSTPrice https://www.youtube.com/watch?v=Gk9vzLNNnWc
UncleStock
Posted - 01/31/24
$FCNCA $VBTX $FBNC $TRST suggested for Banks - value screen: https://zpr.io/HhkC6
cctranscripts
Posted - 01/23/24
Check out CEO explanations offered up on $TRST conference call transcript https://conferencecalltranscripts.com/summary/?id=536592&pr=true
cctranscripts
Posted - 01/23/24
BlackRock, Inc. just provided an update on share ownership of TrustCo Bank Corp NY https://www.conferencecalltranscripts.org/summary/?id=12886999 $TRST
cctranscripts
Posted - 01/22/24
TrustCo Bank Corp: Trustco’S Total Loans Surpass $5 Billion - Reach All-Time High, https://www.conferencecalltranscripts.org/summary/?id=12884223 $TRST
epsguid
Posted - 01/22/24
$TRST reported earnings of $0.52, consensus was $0.66 via @eWhispers #epsmiss http://eps.sh/d/trst
risenhoover
Posted - 01/22/24
$TRST / TrustCo Bank Corp NY files form 8-K - UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): January 22, 2024 TrustCo Bank Cor https://fintel.io/doc/sec-trustco-bank-corp-n-y-357301-8k-2024-january-22-19744-7860?utm_source=stocktwits.com&utm_medium=referral&utm_campaign=filing
tickeron
Posted - 10 months ago
TrustCo Bank Corp to report earnings on January 22, 2024. Earnings per share (EPS) estimate: $0.66 $TRST https://srnk.us/go/4974433
Aigner_Andreas
Posted - 10 months ago
#GoldenCross $TRST at 29.41 R7 HiLo 41% T1Y 36 hold DIV 3.92% #TrustCo Ba #stocks #trading #finance #market
