Company Quick10K Filing
Trustco Bank N Y
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 97 $732
10-Q 2019-11-07 Quarter: 2019-09-30
10-Q 2019-08-08 Quarter: 2019-06-30
10-Q 2019-05-03 Quarter: 2019-03-31
10-K 2019-03-01 Annual: 2018-12-31
10-Q 2018-11-02 Quarter: 2018-09-30
10-Q 2018-08-08 Quarter: 2018-06-30
10-Q 2018-05-04 Quarter: 2018-03-31
10-K 2018-03-01 Annual: 2017-12-31
10-Q 2017-11-07 Quarter: 2017-09-30
10-Q 2017-08-04 Quarter: 2017-06-30
10-Q 2017-05-05 Quarter: 2017-03-31
10-K 2017-03-03 Annual: 2016-12-31
10-Q 2016-11-04 Quarter: 2016-09-30
10-Q 2016-08-05 Quarter: 2016-06-30
10-Q 2016-05-06 Quarter: 2016-03-31
10-K 2016-03-04 Annual: 2015-12-31
10-Q 2015-11-06 Quarter: 2015-09-30
10-Q 2015-08-07 Quarter: 2015-06-30
10-Q 2015-05-01 Quarter: 2015-03-31
10-K 2015-03-06 Annual: 2014-12-31
10-Q 2014-11-03 Quarter: 2014-09-30
10-Q 2014-08-04 Quarter: 2014-06-30
10-Q 2014-05-02 Quarter: 2014-03-31
10-K 2014-03-07 Annual: 2013-12-31
10-Q 2013-11-01 Quarter: 2013-09-30
10-Q 2013-08-06 Quarter: 2013-06-30
10-Q 2013-05-03 Quarter: 2013-03-31
10-K 2013-03-08 Annual: 2012-12-31
10-Q 2012-11-02 Quarter: 2012-09-30
10-Q 2012-08-03 Quarter: 2012-06-30
10-Q 2012-05-04 Quarter: 2012-03-31
10-K 2012-03-02 Annual: 2011-12-31
10-Q 2011-11-04 Quarter: 2011-09-30
10-Q 2011-08-08 Quarter: 2011-06-30
10-Q 2011-05-06 Quarter: 2011-03-31
10-K 2011-03-01 Annual: 2010-12-31
10-Q 2010-11-05 Quarter: 2010-09-30
10-Q 2010-08-09 Quarter: 2010-06-30
10-Q 2010-05-07 Quarter: 2010-03-31
10-K 2010-03-01 Annual: 2009-12-31
8-K 2020-02-18 Other Events, Exhibits
8-K 2020-01-10 Other Events, Exhibits
8-K 2019-11-19 Other Events, Exhibits
8-K 2019-11-19 Officers, Other Events, Exhibits
8-K 2019-10-11 Other Events, Exhibits
8-K 2019-08-20 Other Events, Exhibits
8-K 2019-07-22 Earnings, Exhibits
8-K 2019-07-12 Other Events, Exhibits
8-K 2019-06-07 Other Events, Exhibits
8-K 2019-05-29 Officers, Amend Bylaw, Shareholder Vote, Exhibits
8-K 2019-05-23 Other Events, Exhibits
8-K 2019-05-21 Other Events, Exhibits
8-K 2019-04-22 Earnings, Exhibits
8-K 2019-04-12 Exhibits
8-K 2019-02-19 Other Events, Exhibits
8-K 2019-01-22 Earnings, Exhibits
8-K 2019-01-11 Other Events, Exhibits
8-K 2018-12-18 Other Events
8-K 2018-12-18 Officers, Other Events, Exhibits
8-K 2018-11-20 Officers, Other Events, Exhibits
8-K 2018-11-20 Officers, Other Events, Exhibits
8-K 2018-10-22 Earnings, Exhibits
8-K 2018-10-09 Other Events, Exhibits
8-K 2018-08-21 Other Events, Exhibits
8-K 2018-07-23 Earnings, Exhibits
8-K 2018-07-13 Other Events, Exhibits
8-K 2018-05-17 Other Events, Exhibits
8-K 2018-05-17 Shareholder Vote
8-K 2018-05-15 Other Events, Exhibits
8-K 2018-04-23 Earnings, Exhibits
8-K 2018-04-13 Other Events, Exhibits
8-K 2018-02-20 Other Events, Exhibits
8-K 2018-02-14 Leave Agreement
8-K 2018-01-22 Earnings, Exhibits
8-K 2018-01-12 Other Events, Exhibits

Trustco Bank N Y Financials

TRST Metrics, Comps, Filings

Annual | Quarterly

Business

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 to Trustco Bank New York and, later, to 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.

Through policy and practice, TrustCo continues to emphasize that it is an equal opportunity employer. There were 854 full-time equivalent employees of TrustCo at year-end 2018. TrustCo had 11,516 shareholders of record as of December 31, 2018 and the closing price of the TrustCo common stock on that date was $6.86.

Trustco Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships, and corporations. At year-end 2018, the Bank operated 161 automatic teller machines and 148 banking offices in Albany, Columbia, Dutchess, Greene, Montgomery, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Schoharie, Ulster, Warren, Washington and Westchester counties of New York, Brevard, Charlotte, Hillsborough, Indian River, Lake, Manatee, Martin, Orange, Osceola, Palm Beach, Polk, Sarasota, Seminole, and Volusia counties in Florida, Bennington County in Vermont, Berkshire County in Massachusetts and Bergen County in New Jersey. The largest part of such business consists of accepting deposits and making loans and investments. The Bank provides a wide range of both personal and business banking services. The Bank is supervised and regulated by the federal Office of the Comptroller of the Currency ("OCC") and is a member of the Federal Reserve System. Its deposits are insured by the Federal Deposit Insurance Corporation ("FDIC") to the extent permitted by law. The Bank's subsidiary, Trustco Realty Corp., is a real estate investment trust (or "REIT") that was formed to acquire, hold and manage real estate mortgage assets, including residential mortgage loans and mortgage backed securities. The income earned on these assets, net of expenses, is distributed in the form of dividends. Under current New York State tax law, 60% of the dividends received by the Bank from Trustco Realty Corp. are excluded from total taxable income for New York State income tax purposes. The Bank accounted for substantially all of TrustCo's 2018 consolidated net income and average assets. The Bank's other active subsidiaries, Trustco Insurance Agency, Inc. and ORE Property, Inc., did not engage in any significant business activities during 2018 and 2017.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Lakeland Bancorp (LBAI) 803 3.6 1% 6,407 5,709 0 0 65 156 556
Origin Bancorp (OBNK) 795 5.4 1% 5,120 4,535 0 0 52 110 596
Carolina Financial (CARO) 786 0% 6.9 2% 3,888 3,282 4 0 60 111 765
ConnectOne Bancorp (CNOB) 784 7.4 1% 6,109 5,410 0 0 69 163 1,197
HomeStreet (HMST) 782 6.5 0% 7,201 6,477 0 0 20 125 808
Community Trust Bancorp (CTBI) 756 4.0 1% 4,377 3,783 0 0 65 109 434
Triumph Bancorp (TBK) 755 3.8 1% 4,783 4,140 0 0 55 142 546
Bryn Mawr Bank (BMTC) 749 5.8 1% 4,737 4,146 0 0 60 118 686
Univest of Pennsylvania (UVSP) 748 6.9 1% 5,154 4,503 0 0 66 121 834
German American Bancorp (GABC) 744 7.5 1% 3,971 3,471 0 0 54 99 744
National Commerce (NCOM) 740 6.4 1% 4,205 3,508 0 0 45 82 523
Trustco Bank N Y (TRST) 732 1.6 1% 5,228 4,712 0 0 60 108 172
Oritani Financial (ORIT) 731 0% 9.9 1% 4,071 3,541 2 0 52 124 1,227
Horizon Bancorp (HBNC) 729 5.7 1% 5,099 4,472 0 0 54 112 634
Byline Bancorp (BY) 726 5.0 1% 5,391 4,674 0 0 57 128 637
Allegiance Bancshares (ABTX) 712 4.4 1% 4,794 4,090 0 0 49 110 480
CBTX (CBTX) 709 5.2 2% 3,380 2,866 0 0 52 84 442
Banc of California (BANC) 699 0% 2.4 0% 9,360 8,396 4 0 46 234 563
Camden National (CAC) 690 5.4 1% 4,447 3,979 0 0 56 113 614
Live Oak Bancshares (LOB) 676 4.7 1% 4,274 3,755 0 0 32 144 676

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash5331315171820613504
Accounts Receivable
Inventory
PP&E3736343938353535
Assets4,2443653684014214404,9084,959
Accounts Payable
Long-Term Debt
Liabilities3,905668774,4504,469
Stockholders' Equity339359362393413433458490
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue2424252524
Cost of Revenue
Gross Profit
R&D
SG&A
Tax19-0-12721233418
Net Income3338404442434361
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating6124242424236268
Cash Investing-22700-000-145-174
Cash Financing254-22-22-22-22-22-11-3