Company Quick10K Filing
Trustco Bank N Y
10-K 2019-12-31 Filed 2020-02-28
10-Q 2019-09-30 Filed 2019-11-07
10-Q 2019-06-30 Filed 2019-08-08
10-Q 2019-03-31 Filed 2019-05-03
10-K 2018-12-31 Filed 2019-03-01
10-Q 2018-09-30 Filed 2018-11-02
10-Q 2018-06-30 Filed 2018-08-08
10-Q 2018-03-31 Filed 2018-05-04
10-K 2017-12-31 Filed 2018-03-01
10-Q 2017-09-30 Filed 2017-11-07
10-Q 2017-06-30 Filed 2017-08-04
10-Q 2017-03-31 Filed 2017-05-05
10-K 2016-12-31 Filed 2017-03-03
10-Q 2016-09-30 Filed 2016-11-04
10-Q 2016-06-30 Filed 2016-08-05
10-Q 2016-03-31 Filed 2016-05-06
10-K 2015-12-31 Filed 2016-03-04
10-Q 2015-09-30 Filed 2015-11-06
10-Q 2015-06-30 Filed 2015-08-07
10-Q 2015-03-31 Filed 2015-05-01
10-K 2014-12-31 Filed 2015-03-06
10-Q 2014-09-30 Filed 2014-11-03
10-Q 2014-06-30 Filed 2014-08-04
10-Q 2014-03-31 Filed 2014-05-02
10-K 2013-12-31 Filed 2014-03-07
10-Q 2013-09-30 Filed 2013-11-01
10-Q 2013-06-30 Filed 2013-08-06
10-Q 2013-03-31 Filed 2013-05-03
10-K 2012-12-31 Filed 2013-03-08
10-Q 2012-09-30 Filed 2012-11-02
10-Q 2012-06-30 Filed 2012-08-03
10-Q 2012-03-31 Filed 2012-05-04
10-K 2011-12-31 Filed 2012-03-02
10-Q 2011-09-30 Filed 2011-11-04
10-Q 2011-06-30 Filed 2011-08-08
10-Q 2011-03-31 Filed 2011-05-06
10-K 2010-12-31 Filed 2011-03-01
10-Q 2010-09-30 Filed 2010-11-05
10-Q 2010-06-30 Filed 2010-08-09
10-Q 2010-03-31 Filed 2010-05-07
10-K 2009-12-31 Filed 2010-03-01
8-K 2020-02-18 Other Events, Exhibits
8-K 2020-01-21 Earnings, Exhibits
8-K 2020-01-10 Other Events, Exhibits
8-K 2019-11-19 Officers, Other Events, Exhibits
8-K 2019-11-19 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 Officers, Other Events, Exhibits
8-K 2018-12-18 Other Events
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

Quarterly | Annual

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 Quarterly)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Quarterly)

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 4.4 1% 6,492 5,779 0 0 52 118 522
Origin Bancorp (OBNK) 793 4.1 1% 5,397 4,809 0 0 54 118 484
Carolina Financial (CARO) 797 6.6 2% 3,980 3,358 0 0 62 115 763
ConnectOne Bancorp (CNOB) 778 6.4 1% 6,161 5,441 0 0 71 173 1,098
HomeStreet (HMST) 732 6.0 0% 6,836 6,145 0 0 22 131 782
Community Trust Bancorp (CTBI) 756 6.3 1% 4,338 3,732 0 0 49 85 534
Triumph Bancorp (TBK) 847 4.9 1% 5,040 4,406 0 0 60 149 732
Bryn Mawr Bank (BMTC) 743 5.4 1% 4,829 4,228 0 0 60 121 649
Univest of Pennsylvania (UVSP) 749 5.4 1% 5,354 4,689 0 0 69 127 683
German American Bancorp (GABC) 844 9.1 1% 4,356 3,793 0 0 54 93 844
National Commerce (NCOM) 740 6.4 1% 4,205 3,508 0 0 45 82 523
Trustco Bank N Y (TRST) 792 4.0 1% 5,222 4,696 0 0 44 85 342
Oritani Financial (ORIT) 813 0% 9.7 1% 3,990 3,460 2 0 51 126 1,212
Horizon Bancorp (HBNC) 781 5.6 1% 5,187 4,544 0 0 61 123 690
Byline Bancorp (BY) 734 4.7 1% 5,438 4,702 0 0 58 134 625
Allegiance Bancshares (ABTX) 725 4.5 1% 4,906 4,200 0 0 39 94 425
CBTX (CBTX) 706 5.0 2% 3,432 2,906 0 0 52 83 417
Banc of California (BANC) 715 0% 1.9 0% 8,625 7,724 3 0 21 194 371
Camden National (CAC) 692 4.9 1% 4,520 4,049 0 0 56 116 564
Live Oak Bancshares (LOB) 746 6.3 0% 4,604 4,075 0 0 11 118 746

Balance Sheet ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash521476533525523443544445629556583733622631671750679698718760758664707683707624613617587465504619560451
Accounts Receivable
Inventory
PP&E36363737383799363835102353737110393838114373736115353535118353635121343434
Assets4,0704,1934,2444,3744,4214,3184,3474,4124,4434,4594,5214,5794,5894,5824,6444,7414,7414,7264,7354,7634,8314,8134,8694,8874,9204,8704,9084,9324,9414,8854,9595,1565,2285,222
Accounts Payable
Long-Term Debt
Liabilities3,8013,8553,9054,0304,0713,9613,9884,0514,0954,1054,1604,2074,2044,1934,2514,3404,3394,3144,3224,3404,4014,3774,4364,4484,4734,4154,4504,4694,4704,4084,4694,6554,7124,696
Stockholders' Equity269338339345350358359361349354362372385389393400402412413423430436433439447455458462471477490502516526
Income Statement ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A
Tax45107566866912777666666777798757555
Net Income89999101091010111113111111111110101011111112137151815151515
Cash Flow ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating30-1121618138241814322121513171616111414111514122116131819
Cash Investing-1803-140-531968-166125-96-32101-12214-22-7536-011-66-78-24-43-33-55-25-45-70-28-127-106
Cash Financing1055512134-11720593554646-11-1785-9-3351554-29538-652917-6-6713150-23