A Business at a Glance
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TRUSTCO BANK CORP N Y
TRST
$1.1B
Mkt Cap
$57.35
+1.59%
TRUSTCO BANK CORP N Y (TRST) has a current P/E ratio of 19.1, compared to its historical median P/E of 9.9. The stock is currently considered Expensive based on its historical valuation range.
TRUSTCO BANK CORP N Y (TRST) has a 5-year average return on invested capital (ROIC) of 9.8%. This is below average and may indicate limited pricing power.
TRUSTCO BANK CORP N Y (TRST) has a market capitalization of $1.1B. It is classified as a small-cap stock.
Yes, TRUSTCO BANK CORP N Y (TRST) pays a dividend with a trailing twelve-month yield of 2.56%. The company also returns capital through share buybacks, with a buyback yield of 3.53%.
Based on historical P/E analysis, TRUSTCO BANK CORP N Y (TRST) appears expensive. The current P/E of 19.1 is 93% above its historical median of 9.9. The estimated fair value CAGR (P/E method) is 0.2%.
TRUSTCO BANK CORP N Y (TRST) operates in the State Commercial Banks industry, within the Financials sector.
TRUSTCO BANK CORP N Y (TRST) reported annual revenue of $278 million in its most recent fiscal year, based on SEC EDGAR filings.
TrustCo Bank Corp NY (“TrustCo” or the “Company”) is a savings and loan holding company having its principal place of business at 5 Sarnowski Drive, Glenville, New York 12302. TrustCo was incorporated under the laws of New York in 1981 to be the parent holding company of The Schenectady Trust Company, which subsequently was renamed Trustco Bank New York and, later, Trustco Bank, National Association. The Company’s principal subsidiary, Trustco Bank (also referred to as the “Bank”), is the successor by merger to Trustco Bank, National Association. As of December 31, 2025, TrustCo had $6.4 billion in total assets and $5.6 billion in deposits. Furthermore, TrustCo had 6,582 shareholders of record as of December 31, 2025 and the closing price of the TrustCo common stock on December 31 (the last trading day of 2025) was $41.33. Trustco Bank Trustco Bank is a federal savings bank engaged in providing general banking services to individuals and businesses.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 278M | 278M | 263M | 245M | 206M | 186M |
| Net Income | 61M | 61M | 49M | 59M | 75M | 62M |
| EPS | $3.25 | $3.25 | $2.57 | $3.08 | $3.93 | $3.19 |
| Free Cash Flow | 46M | 46M | 55M | 58M | 75M | 53M |
| ROIC | 80.2% | 9.0% | 7.4% | 9.4% | 12.5% | 10.5% |
| Gross Margin | 67.3% | 67.3% | 64.8% | 77.3% | 96.7% | 93.0% |
| Debt/Equity | 0.17 | 0.17 | 0.13 | 0.14 | 0.20 | 0.41 |
| Dividends/Share | $1.47 | $1.48 | $1.44 | $1.44 | $1.41 | $1.37 |
| Operating Income | 81M | 81M | 64M | 78M | 99M | 82M |
| Operating Margin | 29.0% | 29.0% | 24.3% | 31.7% | 48.3% | 44.2% |
| ROE | 8.9% | 9.0% | 7.4% | 9.4% | 12.5% | 10.5% |
| Shares Outstanding | 19M | 19M | 19M | 19M | 19M | 19M |
| Metric | 2015 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 177M | 177M | 180M | 187M | 199M | 211M | 195M | 186M | 206M | 245M | 263M | 278M | 278M |
| Gross Margin | 88.4% | 88.8% | 89.9% | 91.1% | 89.1% | 82.7% | 84.5% | 93.0% | 96.7% | 77.3% | 64.8% | 67.3% | 67.3% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 33M | 33M | 37M | 41M | 42M | 47M | 46M | 49M | 46M | 51M | 48M | 49M | 49M |
| EBIT | 72M | 67M | 68M | 77M | 80M | 77M | 69M | 82M | 99M | 78M | 64M | 81M | 81M |
| Op. Margin | 40.5% | 37.7% | 37.9% | 41.0% | 40.0% | 36.3% | 35.5% | 44.2% | 48.3% | 31.7% | 24.3% | 29.0% | 29.0% |
| Net Income | 44M | 42M | 43M | 43M | 61M | 58M | 52M | 62M | 75M | 59M | 49M | 61M | 61M |
| Net Margin | 25.0% | 23.8% | 23.6% | 23.0% | 30.9% | 27.4% | 26.8% | 33.1% | 36.5% | 24.0% | 18.6% | 22.0% | 22.0% |
| Non-Recurring | 3.5M | 1.1M | 1.2M | 1.0M | 770K | 369K | 120K | 121K | 383K | 42K | 494K | 422K | 422K |
| Returns on Capital | |||||||||||||
| ROIC | 11.7% | 10.5% | 10.1% | 9.7% | 13.0% | 11.3% | 9.5% | 10.5% | 12.5% | 9.4% | 7.4% | 9.0% | 80.2% |
| ROE | 11.7% | 10.5% | 10.1% | 9.7% | 13.0% | 11.3% | 9.5% | 10.5% | 12.5% | 9.4% | 7.4% | 9.0% | 8.9% |
| ROA | 1.0% | 0.9% | 0.9% | 0.9% | 1.2% | 1.1% | 0.9% | 1.0% | 1.2% | 1.0% | 0.8% | 1.0% | 0.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 55M | 60M | 55M | 62M | 68M | 64M | 62M | 55M | 79M | 64M | 59M | 58M | 58M |
| Free Cash Flow | 46M | 56M | 53M | 58M | 64M | 60M | 58M | 53M | 75M | 58M | 55M | 46M | 46M |
| Owner Earnings | 50M | -16M | 51M | 58M | 63M | 60M | 58M | 51M | 75M | 60M | 54M | 52M | 52M |
| CapEx | 8.5M | 3.7M | 2.1M | 3.6M | 3.6M | 3.9M | 3.8M | 2.8M | 3.8M | 5.7M | 4.9M | 12M | 12M |
| Maint. CapEx | 4.8M | 76M | 4.0M | 3.8M | 4.1M | 4.0M | 4.0M | 4.2M | 4.1M | 4.1M | 4.5M | 4.8M | 4.8M |
| Growth CapEx | 3.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.6M | 384K | 7.1M | 7.1M |
| D&A | 4.8M | 76M | 4.0M | 3.8M | 4.1M | 4.0M | 4.0M | 4.2M | 4.1M | 4.1M | 4.5M | 4.8M | 4.8M |
| CapEx/OCF | 15.5% | 6.2% | 3.7% | 5.9% | 5.4% | 6.1% | 6.2% | 5.1% | 4.8% | 8.8% | 8.2% | N/A | 20.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 25M | 25M | 25M | 25M | 26M | 26M | 26M | 26M | 27M | 27M | 27M | 28M | 28M |
| Dividend Yield | 6.1% | 6.1% | 5.7% | 4.4% | 4.2% | 22.4% | 27.8% | 4.8% | 4.9% | 5.3% | 5.0% | N/A | 2.6% |
| Share Buybacks | 282K | 147K | 701K | 4.6M | 718K | 35K | 3.5M | 2.4M | 7.0M | 0 | 374K | 38M | 38M |
| Buyback Yield | 0.1% | 0.0% | 0.1% | 0.7% | 0.1% | 0.0% | 0.7% | 0.4% | 1.1% | N/A | 0.1% | 0.0% | 3.5% |
| Stock-Based Comp | 325K | 204K | 224K | 150K | 173K | 5K | 15K | 0 | 0 | 103K | 720K | 1.3M | 1.3M |
| Debt Repayment | 15M | 2.1M | 18M | 34M | 81M | 13M | 66M | 30M | 122M | 34M | 4.2M | 35M | 35M |
| Balance Sheet | |||||||||||||
| Net Debt | -1.2B | -1.1B | -1.1B | -942M | -843M | -882M | -1.3B | -1.4B | -1.0B | -941M | -915M | -921M | -610M |
| Cash & Equiv. | 671M | 718M | 707M | 613M | 504M | 457M | 1.1B | 1.2B | 651M | 578M | 642M | 730M | 730M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 120M |
| Debt/Equity | 0.48 | 0.46 | 0.48 | 0.53 | 0.33 | 0.28 | 0.38 | 0.41 | 0.20 | 0.14 | 0.13 | 0.17 | 0.17 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.9 |
| Equity | 393M | 413M | 433M | 458M | 490M | 538M | 568M | 601M | 600M | 645M | 676M | 687M | 687M |
| Total Assets | 4.6B | 4.7B | 4.9B | 4.9B | 5.0B | 5.2B | 5.9B | 6.2B | 6.0B | 6.2B | 6.2B | 6.4B | 6.4B |
| Total Liabilities | 4.3B | 4.3B | 4.4B | 4.4B | 4.5B | 4.7B | 5.3B | 5.6B | 5.4B | 5.5B | 5.6B | 5.8B | 5.8B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 167M | 184M | 202M | 219M | 256M | 288M | 314M | 349M | 394M | 425M | 447M | 480M | 480M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 2.33 | 2.22 | 2.23 | 2.24 | 3.18 | 14.92 | 13.60 | 3.19 | 3.93 | 3.08 | 2.57 | 3.25 | 3.25 |
| Owner EPS | 2.63 | -0.85 | 2.64 | 3.00 | 3.28 | 15.42 | 15.08 | 2.65 | 3.89 | 3.15 | 2.85 | 2.74 | 2.74 |
| Book Value | 20.76 | 21.72 | 22.60 | 23.79 | 25.35 | 138.84 | 147.32 | 31.17 | 31.34 | 33.89 | 35.59 | 36.50 | 36.50 |
| Cash Flow/Share | 2.90 | 3.15 | 2.87 | 3.20 | 3.50 | 16.46 | 16.12 | 2.87 | 4.11 | 3.37 | 3.13 | 3.06 | 3.51 |
| Dividends/Share | 1.31 | 1.31 | 1.31 | 1.31 | 1.34 | 6.81 | 6.81 | 1.37 | 1.41 | 1.44 | 1.44 | 1.48 | 1.47 |
| Shares Out. | 18.9M | 19.0M | 19.1M | 19.3M | 19.3M | 3.9M | 3.9M | 19.3M | 19.1M | 19.0M | 19.0M | 18.8M | 18.8M |
| Valuation | |||||||||||||
| P/E Ratio | 9.8 | 9.5 | 13.7 | 14.8 | 8.1 | 11.2 | 9.9 | 8.7 | 8.3 | 9.4 | 12.5 | N/A | 17.6 |
| P/FCF | 9.3 | 7.1 | 11.1 | 11.0 | 7.7 | 2.2 | 1.8 | 10.2 | 8.3 | 9.4 | 11.2 | N/A | 23.6 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 5.8 |
| Price/Book | 1.1 | 1.0 | 1.4 | 1.4 | 1.0 | 1.2 | 0.9 | 0.9 | 1.0 | 0.9 | 0.9 | N/A | 1.6 |
| Price/Sales | 2.5 | 2.5 | 2.7 | 3.3 | 3.4 | 3.4 | 2.8 | 3.1 | 2.8 | 2.7 | 3.2 | N/A | 3.9 |
| FCF Yield | 10.7% | 14.0% | 9.0% | 9.1% | 12.9% | 9.2% | 11.2% | 9.8% | 12.0% | 10.6% | 9.0% | N/A | 4.2% |
| Market Cap | 434M | 401M | 585M | 639M | 496M | 649M | 519M | 537M | 622M | 552M | 609M | 0 | 1.1B |
| Avg. Price | 21.45 | 21.42 | 22.87 | 29.40 | 31.26 | 30.39 | 24.58 | 28.22 | 28.70 | 27.18 | 28.91 | 0.00 | 57.35 |
| Year-End Price | 22.90 | 21.07 | 30.57 | 33.19 | 25.66 | 33.49 | 26.89 | 27.83 | 32.50 | 28.98 | 32.07 | 0.00 | 57.35 |
TRUSTCO BANK CORP N Y passes 3 of 9 quality checks, indicating weak fundamentals.
TRUSTCO BANK CORP N Y trades at 19.1x trailing earnings, compared to its 15-year median P/E of 9.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 24.2x vs a median of 9.4x. The company's 5-year average ROIC is 9.8% with a gross margin of 79.8%. Total shareholder yield (dividends + buybacks) is 6.1%. At current prices, the estimated annualized return to fair value is -1.8%.
TRUSTCO BANK CORP N Y (TRST) has a net profit margin of 22.0%. This is a strong margin indicating high profitability.
TRUSTCO BANK CORP N Y (TRST) generated $46 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
TRUSTCO BANK CORP N Y (TRST) has a debt-to-equity ratio of 0.17. This indicates a conservatively financed balance sheet.
TRUSTCO BANK CORP N Y (TRST) reported earnings per share (EPS) of $3.25 in its most recent fiscal year.
TRUSTCO BANK CORP N Y (TRST) has a return on equity (ROE) of 9.0%. This indicates moderate shareholder returns.
TRUSTCO BANK CORP N Y (TRST) has a 5-year average gross margin of 79.8%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for TRUSTCO BANK CORP N Y (TRST), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TRUSTCO BANK CORP N Y (TRST) has a book value per share of $36.50, based on its most recent annual SEC filing.