trustco bank has been the low cost provider of high quality products and services since opening for business in 1902 in the upstate town of schenectady, new york. throughout this time trustco bank has remained true to core banking principles and did not get caught up in any of the latest banking fads that have caused so many other banks to close their doors over the years. in 2002, the company began a large expansion, opening over 80 new branches in central florida, massachusetts, downstate new york, new jersey, and vermont.today, trustco bank has 147 branch locations, 53 of which are in the state of florida. the bank believes in old school, personal service and welcomes each customer by name as they enter the branch. offering a wide variety of great deposit and loan products, the bank specializes in residential mortgage lending. as of december 31, 2021, trustco bank' s assets were $6.2 billion. trustco bank has paid dividends to its shareholders for over 100 consecutive years, and has
Company profile
Ticker
TRST
Exchange
Website
CEO
Robert Joseph McCormick
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
141630287
TRST stock data
Latest filings (excl ownership)
8-K
Results of Operations and Financial Condition
22 Apr 24
8-K
Other Events
10 Apr 24
ARS
2023 FY
Annual report to shareholders
1 Apr 24
DEFA14A
Additional proxy soliciting materials
1 Apr 24
DEF 14A
Definitive proxy
1 Apr 24
8-K
Announces Stock Repurchase Plan
29 Mar 24
10-K
2023 FY
Annual report
11 Mar 24
8-K
Departure of Directors or Certain Officers
4 Mar 24
8-K
Other Events
21 Feb 24
8-K
Results of Operations and Financial Condition
22 Jan 24
Transcripts
TRST
Earnings call transcript
2024 Q1
23 Apr 24
TRST
Earnings call transcript
2023 Q4
23 Jan 24
TRST
Earnings call transcript
2023 Q3
24 Oct 23
TRST
Earnings call transcript
2023 Q2
25 Jul 23
TRST
Earnings call transcript
2023 Q1
25 Apr 23
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
Latest ownership filings
4
MICHAEL JAMES HALL
13 Mar 24
4
KEVIN M CURLEY
15 Feb 24
13F-HR
Quarterly holdings report by institutional manager
14 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
DIMENSIONAL FUND ADVISORS LP
9 Feb 24
4
MICHAEL JAMES HALL
6 Feb 24
4
ERIC W SCHRECK
5 Feb 24
SC 13G/A
BlackRock Inc.
23 Jan 24
4
Kimberly Adams Russell
22 Nov 23
4
Frank B Silverman
22 Nov 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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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) | 507.26 mm | 507.26 mm | 507.26 mm | 507.26 mm | 507.26 mm | 507.26 mm |
Cash burn (monthly) | 32.03 mm | 27.83 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 219.94 mm | 191.12 mm | n/a | n/a | n/a | n/a |
Cash remaining | 287.32 mm | 316.14 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 9.0 | 11.4 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
66.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 128 |
Opened positions | 11 |
Closed positions | 22 |
Increased positions | 42 |
Reduced positions | 51 |
13F shares | Current |
---|---|
Total value | 343.43 bn |
Total shares | 12.72 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 2.79 mm | $76.03 bn |
Vanguard | 1.26 mm | $34.46 bn |
Dimensional Fund Advisors | 1.15 mm | $31.45 bn |
Systematic Financial Management | 904.78 k | $24.69 bn |
STT State Street | 820.73 k | $22.70 bn |
BEN Franklin Resources | 526.74 k | $14.37 bn |
Geode Capital Management | 397.64 k | $10.85 bn |
GS Goldman Sachs | 337.62 k | $9.21 bn |
IVZ Invesco | 317.17 k | $8.66 bn |
Royce & Associates | 292.74 k | $7.99 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
12 Mar 24 | Hall Michael James | COMMON STOCK | Buy | Acquire P | No | No | 27.4 | 500 | 13.70 k | 9,540 |
13 Feb 24 | Curley Kevin M | COMMON STOCK | Buy | Acquire P | No | No | 27.3 | 916 | 25.01 k | 34,766 |
2 Feb 24 | Hall Michael James | COMMON STOCK | Buy | Acquire P | No | No | 27.81 | 463 | 12.88 k | 9,040 |
1 Feb 24 | Schreck Eric W | COMMON STOCK | Buy | Acquire P | No | No | 28.44 | 1,000 | 28.44 k | 41,407 |
21 Nov 23 | Curley Kevin M | RSU COMMON STOCK | Grant | Acquire A | No | No | 0 | 3,322 | 0.00 | 3,322 |
Press releases
Loans Reach Another All-Time High, Credit Quality Remains Solid; TrustCo Reports Net Income of $12.1 Million and Capital Up 3%
22 Apr 24
TrustCo to Release First Quarter 2024 Results on April 22, 2024; Conference Call on April 23, 2024
10 Apr 24
TrustCo Bank Corp NY Announces Stock Repurchase Plan
29 Mar 24
Strong Capital Supports TrustCo's Consistent Dividend; Annualized Payout of $1.44 per share
21 Feb 24