Trustco Bank (TRST)

Company Profile

TrustCo Bank Corp NY is a $5.7 billion savings and loan holding company. Through its subsidiary, Trustco Bank, Trustco operates 148 offices in New York, New Jersey, Vermont, Massachusetts and Florida. Trustco has a more than 100-year tradition of providing high-quality services, including a wide variety of deposit and loan products. In addition, Trustco Bank’s Financial Services Department offers a full range of investment services, retirement planning and trust and estate administration services. Trustco Bank is rated as one of the best performing savings banks in the country.

Company profile

Ticker

TRST

Exchange

NASDAQ

Website

www.trustcobank.com

CEO

Robert Joseph McCormick

Incorporated

New York

Location

New York

Fiscal year end

Dec 31

Sector

Finance and Insurance > Savings Institutions

Industry (SIC)

State Commercial Banks

State Street • Ally Financial • Citizens Financial • Northern Trust • M & T Bank • Fifth Third Bancorp • Bank Of New York Mellon • Popular • Associated Banc-Corp. • SVB Financial ...

SEC CIK

0000357301

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

141630287

TRST stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

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1 Mar 23

Results of Operations and Financial Condition

Departure of Directors or Certain Officers

7 Nov 22

Results of Operations and Financial Condition

24 Oct 22

8-K

Departure of Directors or Certain Officers

18 Oct 22

Transcripts

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TRST

Earnings call transcript

2022 Q4

24 Jan 23

TRST

Earnings call transcript

2022 Q3

25 Oct 22

TRST

Earnings call transcript

2022 Q2

22 Jul 22

TRST

Earnings call transcript

2022 Q1

22 Apr 22

TRST

Earnings call transcript

2021 Q4

25 Jan 22

TRST

Earnings call transcript

2021 Q3

22 Oct 21

TRST

Earnings call transcript

2021 Q2

22 Jul 21

TRST

Earnings call transcript

2021 Q1

22 Apr 21

TRST

Earnings call transcript

2020 Q4

22 Jan 21

TRST

Earnings call transcript

2020 Q3

22 Oct 20

Latest ownership filings

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Quarterly holdings report by institutional manager

14 Feb 23

SC 13G

DIMENSIONAL FUND ADVISORS LP

10 Feb 23

Financial summary

Financial statements Chart TRST financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	650.60 mm	650.60 mm	650.60 mm	650.60 mm	650.60 mm	650.60 mm
Cash burn (monthly)	63.56 mm	47.41 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	180.58 mm	134.69 mm	n/a	n/a	n/a	n/a
Cash remaining	470.02 mm	515.90 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	7.4	10.9	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

TRST institutional ownership history Ownership history

15.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	145	136	+6.6%
Opened positions	24	13	+84.6%
Closed positions	15	21	-28.6%
Increased positions	45	50	-10.0%
Reduced positions	52	42	+23.8%

13F shares	Current	Prev Q	Change
Total value	418.32 bn	367.68 mm	+113673.3%
Total shares	12.56 mm	11.70 mm	+7.3%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
BLK Blackrock	2.72 mm	$102.34 bn	-2.7%
Vanguard	1.30 mm	$49.04 bn	-1.7%
Dimensional Fund Advisors	1.07 mm	$40.14 mm	+2.4%
Systematic Financial Management	798.27 k	$30.01 bn	-1.8%
STT State Street	711.10 k	$27.00 bn	NEW
BEN Franklin Resources	526.41 k	$19.79 bn	-9.7%
GS Goldman Sachs	470.09 k	$17.67 bn	-11.9%
IVZ Invesco	371.50 k	$13.96 bn	+21.1%
Geode Capital Management	363.84 k	$13.68 bn	+1.1%
NTRS Northern Trust	260.93 k	$9.81 bn	-1.5%

Largest transactions	Shares	Bought/sold	Change
STT State Street	711.10 k	+711.10 k	NEW
JPM JPMorgan Chase & Co.	138.93 k	+89.51 k	+181.1%
BLK Blackrock	2.72 mm	-74.87 k	-2.7%
IVZ Invesco	371.50 k	+64.84 k	+21.1%
GS Goldman Sachs	470.09 k	-63.34 k	-11.9%
State of New Jersey Common Pension Fund D	60.03 k	+60.03 k	NEW
BEN Franklin Resources	526.41 k	-56.73 k	-9.7%
Thrivent Financial For Lutherans	134.47 k	-51.94 k	-27.9%
Assenagon Asset Management	81.82 k	+45.89 k	+127.7%
Panagora Asset Management	108.23 k	+42.30 k	+64.1%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

TRST insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
21 Mar 23	Mccormick Robert J	RSU COMMON STOCK	Grant	Acquire A	No	No	0	1,577	0.00	9,201
15 Mar 23	Curley Kevin M	COMMON STOCK	Buy	Acquire P	No	No	32.51	307.597	10.00 k	31,393
14 Mar 23	Michael M Ozimek	COMMON STOCK	Buy	Acquire P	No	No	33.11	1,750	57.94 k	15,427
13 Mar 23	Curley Kevin M	COMMON STOCK	Buy	Acquire P	No	No	32.89	304.043	10.00 k	31,086
10 Mar 23	Lucarelli Lisa M	COMMON STOCK	Buy	Acquire P	No	No	34.31	300	10.29 k	2,542
10 Mar 23	Lucarelli Lisa M	COMMON STOCK	Buy	Acquire P	No	No	34.5	150	5.18 k	2,242
10 Mar 23	Curley Kevin M	COMMON STOCK	Buy	Acquire P	No	No	34.15	292.825	10.00 k	30,781
10 Mar 23	Curley Kevin M	COMMON STOCK	Buy	Acquire P	No	No	34.19	438.724	15.00 k	30,489