Trustco Bank Corp N Y - Understand $trst stock

$TRST Market Cap: $701.1 Million

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Financial Snapshot

Revenue

$181.4M

TTM

Gross Margin

Net Earnings

$47.40M

TTM

Current Assets

Current Liabilities

$176.5M

Q3 2024

Current Ratio

Total Assets

$6.110B

Q3 2024

Total Liabilities

$5.441B

Q3 2024

Book Value

$669.0M

Q3 2024

Cash

$523.0M

Q3 2024

P/E

14.79

Nov 29, 2024 EST

Free Cash Flow

$57.33M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Revenue	$226.2M	$186.6M	$168.0M	$178.3M	$192.1M	$180.9M	$169.0M
YoY Change	21.22%	11.08%	-5.78%	-7.2%	6.2%	7.08%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017
Revenue	$226.2M	$186.6M	$168.0M	$178.3M	$192.1M	$180.9M	$169.0M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$4.100M	$4.100M	$4.200M	$4.000M	$4.000M	$4.100M	$3.800M	$4.000M	$4.600M	$4.800M	$5.000M	$5.000M	$4.800M	$4.700M	$4.500M	$3.800M	$3.100M	$2.700M	$2.700M	$1.900M	$2.500M	$2.200M	$2.700M	$2.700M	$2.200M	$2.500M	$3.300M	$3.000M	$3.600M	$2.700M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	0.0%	-2.38%	5.0%	0.0%	-2.44%	7.89%	-5.0%	-13.04%	-4.17%	-4.0%	0.0%	4.17%	2.13%	4.44%	18.42%	22.58%	14.81%	0.0%	42.11%	-24.0%	13.64%	-18.52%	0.0%	22.73%	-12.0%	-24.24%	10.0%	-16.67%	33.33%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017
Interest Expense	$54.36M	$6.467M	$7.574M	$24.71M	$36.32M	$20.23M	$14.59M
YoY Change	740.59%	-14.62%	-69.35%	-31.97%	79.56%	38.62%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Pretax Income	$77.61M	$99.42M	$82.13M	$69.45M	$76.51M	$79.65M	$76.75M	$68.30M	$66.80M	$71.60M	$63.50M	$60.00M	$52.40M	$43.90M	$43.30M	$50.30M	$58.10M	$67.60M	$89.80M	$83.40M	$76.40M	$66.30M	$65.40M	$62.50M	$57.90M	$54.50M	$51.10M	$46.00M	$38.30M	$35.50M	$36.10M	$26.80M	$17.70M	$14.20M	$12.80M	$10.50M	$9.100M	$6.700M	$5.800M	$4.100M	$4.300M
YoY Change	-21.93%	21.04%	18.27%	-9.23%	-3.95%	3.79%	12.37%	2.25%	-6.7%	12.76%	5.83%	14.5%	19.36%	1.39%	-13.92%	-13.43%	-14.05%	-24.72%	7.67%	9.16%	15.23%	1.38%	4.64%	7.94%	6.24%	6.65%	11.09%	20.1%	7.89%	-1.66%	34.7%	51.41%	24.65%	10.94%	21.9%	15.38%	35.82%	15.52%	41.46%	-4.65%
Income Tax	$18.97M	$24.18M	$20.61M	$16.99M	$18.67M	$18.21M	$33.60M	$25.70M	$24.50M	$27.40M	$23.70M	$22.40M	$19.30M	$14.60M	$15.20M	$16.20M	$18.60M	$22.30M	$30.80M	$26.80M	$23.30M	$17.00M	$19.90M	$20.80M	$19.70M	$19.40M	$18.90M	$17.30M	$12.80M	$12.60M	$12.50M	$9.300M	$4.900M	$3.700M	$3.400M	$2.700M	$2.500M	$1.100M	$1.000M	$300.0K	$1.000M
% Of Pretax Income	24.44%	24.32%	25.1%	24.47%	24.4%	22.86%	43.78%	37.63%	36.68%	38.27%	37.32%	37.33%	36.83%	33.26%	35.1%	32.21%	32.01%	32.99%	34.3%	32.13%	30.5%	25.64%	30.43%	33.28%	34.02%	35.6%	36.99%	37.61%	33.42%	35.49%	34.63%	34.7%	27.68%	26.06%	26.56%	25.71%	27.47%	16.42%	17.24%	7.32%	23.26%
Net Earnings	$58.65M	$75.23M	$61.52M	$52.45M	$57.84M	$61.45M	$43.15M	$42.60M	$42.20M	$44.20M	$39.80M	$37.50M	$33.10M	$29.30M	$28.10M	$34.10M	$39.50M	$45.30M	$59.00M	$56.50M	$53.00M	$49.20M	$45.50M	$41.70M	$38.20M	$35.00M	$32.20M	$28.70M	$25.50M	$22.90M	$20.30M	$17.50M	$12.90M	$10.60M	$9.400M	$7.800M	$6.700M	$5.700M	$4.900M	$3.800M	$3.400M
YoY Change	-22.05%	22.29%	17.29%	-9.32%	-5.87%	42.42%	1.28%	0.95%	-4.52%	11.06%	6.13%	13.29%	12.97%	4.27%	-17.6%	-13.67%	-12.8%	-23.22%	4.42%	6.6%	7.72%	8.13%	9.11%	9.16%	9.14%	8.7%	12.2%	12.55%	11.35%	12.81%	16.0%	35.66%	21.7%	12.77%	20.51%	16.42%	17.54%	16.33%	28.95%	11.76%
Net Earnings / Revenue	25.93%	40.32%	36.62%	29.42%	30.1%	33.96%	25.54%
Basic Earnings Per Share	$3.08	$3.93	$3.19	$2.72	$2.99	$0.64	$0.45
Diluted Earnings Per Share	$3.08	$3.932M	$3.19	$2.72	$2.98	$0.64	$0.45	$2.230M	$2.221M	$2.326M	$2.117M	$2.005M	$1.947M	$1.903M	$1.837M	$2.243M	$2.633M	$3.020M	$3.907M	$3.767M	$3.510M	$3.302M	$3.095M	$2.856M	$2.581M	$2.365M	$2.176M	$1.966M	$1.759M	$1.590M	$1.420M	$1.241M	$1.194M	$1.093M	$969.1K	$812.5K	$697.9K	$593.8K	$510.4K	$395.8K	$354.2K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$74.55M	$77.28M	$81.10M	$82.30M	$86.10M	$34.70M	$35.20M	$35.50M	$37.60M	$38.60M	$34.40M	$36.20M	$37.00M	$36.60M	$37.80M	$35.20M	$29.20M	$24.10M	$21.70M	$22.50M	$20.20M	$19.50M	$18.30M	$17.40M	$16.20M	$17.00M	$18.60M	$23.10M	$25.00M	$23.90M	$24.90M	$22.50M	$20.30M	$7.400M	$6.800M	$6.100M	$6.000M	$5.300M	$5.500M	$5.700M	$4.200M
YoY Change	-3.54%	-4.71%	-1.46%	-4.41%	148.13%	-1.42%	-0.85%	-5.59%	-2.59%	12.21%	-4.97%	-2.16%	1.09%	-3.17%	7.39%	20.55%	21.16%	11.06%	-3.56%	11.39%	3.59%	6.56%	5.17%	7.41%	-4.71%	-8.6%	-19.48%	-7.6%	4.6%	-4.02%	10.67%	10.84%	174.32%	8.82%	11.48%	1.67%	13.21%	-3.64%	-3.51%	35.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
Total Assets	$6.168B	$6.000B	$6.197B	$5.902B	$5.221B	$4.959B	$4.908B	$4.869B	$4.735B	$4.644B	$4.522B	$4.347B	$4.244B	$3.955B	$3.680B	$3.507B	$3.378B	$3.161B	$2.913B	$2.864B	$2.778B	$2.696B	$2.579B	$2.456B	$2.364B	$2.485B	$2.372B	$2.262B	$2.176B	$1.976B	$1.971B	$1.945B	$1.758B	$934.9M	$818.9M	$769.4M	$676.6M	$669.8M	$558.3M	$476.3M	$358.7M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$83.14M	$84.56M	$82.60M	$81.70M	$84.40M	$32.90M	$33.40M	$30.60M	$30.10M	$29.60M	$28.40M	$23.80M	$21.60M	$20.60M	$21.30M	$24.90M	$27.90M	$26.70M	$33.60M	$32.80M	$40.70M	$45.30M	$61.00M	$55.60M	$50.00M	$43.90M	$43.70M	$34.60M	$28.80M	$30.30M	$26.10M	$27.00M	$34.40M	$22.70M	$20.20M	$16.60M	$11.00M	$8.100M	$6.600M	$4.800M	$4.000M
YoY Change	-1.67%	2.37%	1.1%	-3.2%	156.53%	-1.5%	9.15%	1.66%	1.69%	4.23%	19.33%	10.19%	4.85%	-3.29%	-14.46%	-10.75%	4.49%	-20.54%	2.44%	-19.41%	-10.15%	-25.74%	9.71%	11.2%	13.9%	0.46%	26.3%	20.14%	-4.95%	16.09%	-3.33%	-21.51%	51.54%	12.38%	21.69%	50.91%	35.8%	22.73%	37.5%	20.0%
Deferred Revenue
YoY Change
Short-Term Debt	$88.99M	$122.7M	$244.7M	$214.8M	$148.7M	$161.9M	$243.0M	$209.4M	$191.2M	$189.1M	$204.2M	$159.8M	$147.6M	$124.6M	$107.7M	$109.6M	$92.20M	$95.50M	$87.90M	$78.00M	$90.60M	$141.2M	$218.2M	$192.9M	$152.8M	$147.9M	$127.9M	$111.7M	$56.70M	$12.70M	$18.30M	$20.80M	$38.90M	$63.30M	$31.50M	$33.00M	$21.60M	$34.70M	$24.80M	$25.30M	$40.20M
YoY Change	-27.47%	-49.86%	13.92%	44.45%	-8.15%	-33.37%	16.05%	9.52%	1.11%	-7.39%	27.78%	8.27%	18.46%	15.69%	-1.73%	18.87%	-3.46%	8.65%	12.69%	-13.91%	-35.84%	-35.29%	13.12%	26.24%	3.31%	15.64%	14.5%	97.0%	346.46%	-30.6%	-12.02%	-46.53%	-38.55%	100.95%	-4.55%	52.78%	-37.75%	39.92%	-1.98%	-37.06%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$172.1M	$84.56M	$82.60M	$81.70M	$84.40M	$32.90M	$33.40M	$30.60M	$30.10M	$29.60M	$28.40M	$23.80M	$21.60M	$20.60M	$21.30M	$24.90M	$27.90M	$26.70M	$33.60M	$32.80M	$40.70M	$45.30M	$61.00M	$55.60M	$50.00M	$43.90M	$43.70M	$34.60M	$28.80M	$30.30M	$26.10M	$27.00M	$34.40M	$22.70M	$20.20M	$16.60M	$11.00M	$8.100M	$6.600M	$4.800M	$4.000M
YoY Change	103.57%	2.37%	1.1%	-3.2%	156.53%	-1.5%	9.15%	1.66%	1.69%	4.23%	19.33%	10.19%	4.85%	-3.29%	-14.46%	-10.75%	4.49%	-20.54%	2.44%	-19.41%	-10.15%	-25.74%	9.71%	11.2%	13.9%	0.46%	26.3%	20.14%	-4.95%	16.09%	-3.33%	-21.51%	51.54%	12.38%	21.69%	50.91%	35.8%	22.73%	37.5%	20.0%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$100.0K	$100.0K	$100.0K	$200.0K	$400.0K	$600.0K	$900.0K	$0.00	$0.00	$0.00	$0.00	$0.00	$3.600M	$2.800M	$5.000M	$5.000M	$5.000M	$5.000M	$5.000M	$5.000M	$8.000M	$5.700M	$3.000M	$3.000M
YoY Change																	-100.0%	0.0%	0.0%	-50.0%	-50.0%	-33.33%	-33.33%						-100.0%	28.57%	-44.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-37.5%	40.35%	90.0%	0.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$100.0K	$100.0K	$100.0K	$200.0K	$400.0K	$600.0K	$900.0K	$0.00	$0.00	$0.00	$0.00	$0.00	$3.600M	$2.800M	$5.000M	$5.000M	$5.000M	$5.000M	$5.000M	$5.000M	$8.000M	$5.700M	$3.000M	$3.000M
YoY Change																	-100.0%	0.0%	0.0%	-50.0%	-50.0%	-33.33%	-33.33%						-100.0%	28.57%	-44.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-37.5%	40.35%	90.0%	0.0%
Total Liabilities	$5.523B	$5.400B	$5.595B	$5.334B	$4.683B	$4.469B	$4.450B	$4.436B	$4.322B	$4.251B	$4.160B	$3.988B	$3.905B	$3.699B	$3.434B	$3.271B	$3.141B	$2.922B	$2.684B	$2.638B	$2.551B	$2.461B	$2.373B	$2.260B	$2.198B	$2.299B	$2.193B	$2.099B	$2.016B	$1.836B	$1.841B	$1.824B	$1.646B	$874.8M	$765.4M	$722.3M	$634.6M	$632.2M	$524.3M	$445.5M	$330.5M
YoY Change	2.27%	-3.49%	4.91%	13.89%	4.79%	0.43%	0.31%	2.65%	1.66%	2.2%	4.31%	2.12%	5.56%	7.72%	5.0%	4.15%	7.49%	8.85%	1.75%	3.39%	3.66%	3.73%	4.97%	2.85%	-4.41%	4.82%	4.48%	4.13%	9.79%	-0.27%	0.95%	10.79%	88.2%	14.29%	5.97%	13.82%	0.38%	20.58%	17.69%	34.8%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017
Basic Shares Outstanding	19.02M	19.13M	19.26M	19.30M	19.37M	96.51M	96.11M
Diluted Shares Outstanding	19.03M	19.13M	19.26M	19.30M	19.39M	96.65M	96.22M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $701.1 Million

About TRUSTCO BANK CORP N Y

TrustCo Bank Corp NY operates as the holding company for Trustco Bank, a federal savings bank that provides personal and business banking services to individuals, partnerships, and corporations. The company is headquartered in Glenville, New York and currently employs 750 full-time employees. The firm operates, through its principal subsidiary, Trustco Bank (the Bank). The Bank is a federal savings bank engaged in providing general banking services to individuals and businesses. The Bank operates over 156 automatic teller machines and approximately 140 banking offices in New York, New Jersey, Vermont, Massachusetts, and Florida. The Bank’s business consists of accepting deposits and making loans and investments. The Bank also lends in Essex and Fulton counties, Passaic counties, and Sumter counties. The Bank provides a range of both personal and business banking services, including a full array of deposit products for both individuals and businesses. Trustco Bank also offers trust and investment services through its Financial Services Department. In addition, the Company’s Financial Services Department offers a range of retirement planning, and trust and estate administration services.

Industry: State Commercial Banks Peers: Capitol Federal Financial, Inc. FEDERAL AGRICULTURAL MORTGAGE CORP FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE Guild Holdings Co Kearny Financial Corp. Luther Burbank Corp Merchants Bancorp Northfield Bancorp, Inc. Rocket Companies, Inc.