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Trustco Reports Third Quarter 2024 Net Income of $12.9 Million; Skillful Application of Strong Fundamentals Produce Solid Results
GlobeNewswire News Room· 2024-10-21 20:00
Executive Snapshot: Average Loan portfolio continues to grow: On average, total loans were up $127.0 million or 2.6% for the third quarter 2024 compared to the third quarter 2023 Continued solid financial results: Key metrics for third quarter 2024: Net income of $12.9 million versus $12.6 million for the second quarter 2024 Net interest income of $38.7 million, up from $37.8 million compared to the second quarter of 2024 Return on average equity (ROAE) of 7.74% versus 7.76% for the second quarter 2024 Capi ...
TrustCo to Release Third Quarter 2024 Results on October 21, 2024; Conference Call on October 22, 2024
GlobeNewswire News Room· 2024-10-10 20:00
GLENVILLE, N.Y., Oct. 10, 2024 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release third quarter 2024 results after the market close on October 21, 2024. Results are released on the 21st of the reporting months (January, April, July and October), or on the next day that equity markets are open if the 21st falls on a Friday, weekend or holiday. A conference call to discuss the results will be held at 9:00 a.m. Eastern Time on October 22, 2024. Those wishing t ...
Rendering Speculation Unnecessary, TrustCo Delivers Again With a Quarterly Dividend of $0.36 Per Share
GlobeNewswire News Room· 2024-08-20 20:00
GLENVILLE, N.Y., Aug. 20, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on August 20, 2024, declared a quarterly cash dividend of $0.36 per share, or $1.44 per share on an annualized basis. The dividend will be payable on October 1, 2024 to shareholders of record at the close of business on September 6, 2024. Chairman, President, and Chief Executive Officer Robert J. McCormick said: "While investors and marketwatchers are speculating about what will happen w ...
TrustBank NY(TRST) - 2024 Q2 - Earnings Call Transcript
2024-07-23 18:11
TrustCo Bank Corp NY (NASDAQ:TRST) Q2 2024 Earnings Conference Call July 23, 2024 9:00 AM ET Company Participants Robert McCormick - Chairman, President & CEO Michael Ozimek - CFO Kevin Curley - EVP & Chief Banking Officer Conference Call Participants Ian Lapey - Gabelli Funds Operator Good day, and welcome to the TrustCo Bank Corp Earnings Call Webcast. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation there will be an opportunity to ask questions. [Operator I ...
TrustBank NY(TRST) - 2024 Q2 - Quarterly Results
2024-07-22 20:20
Exhibit 99(a) News Release 5 Sarnowski Drive, Glenville, New York, 12302 (518) 377-3311 Fax: (518) 381-3668 Subsidiary: Trustco Bank Nasdaq -- TRST Contact: Robert Leonard Executive Vice President (518) 381-3693 FOR IMMEDIATE RELEASE: TRUSTCO DELIVERS ONCE AGAIN WITH SECOND QUARTER RESULTS NET INTEREST MARGIN UP 3.7% ON LOAN GROWTH OF 3.8% Executive Snapshot: • Continued solid financial results: o Consolidated equity to assets increased 4.9% to 10.73% as of June 30, 2024 from 10.23% as of June 30, 2023 Page ...
TrustCo Delivers Once Again With Second Quarter Results Net Interest Margin Up 3.7% on Loan Growth of 3.8%
Newsfilter· 2024-07-22 20:00
Superior asset quality: TrustCo Bank Corp NY (TrustCo, NASDAQ: TRST) today announced second quarter 2024 net income of $12.6 million or $0.66 diluted earnings per share, compared to net income of $16.4 million or $0.86 diluted earnings per share for the second quarter 2023; and net income of $24.7 million or $1.30 diluted earnings per share for the six months ended June 30, 2024, compared to net income of $34.1 million or $1.79 diluted earnings per share for the six months ended June 30, 2023. Average loan ...
TrustCo Delivers Once Again With Second Quarter Results Net Interest Margin Up 3.7% on Loan Growth of 3.8%
GlobeNewswire News Room· 2024-07-22 20:00
Executive Snapshot: Average Loan portfolio continues to grow: On average, total loans were up $182.2 million or 3.8% for the second quarter 2024 compared to the second quarter 2023 Continued solid financial results: Key metrics for second quarter 2024: Net income of $12.6 million versus $12.1 million for the first quarter 2024 Net interest income of $37.8 million, up from $36.6 million compared to the first quarter of 2024 Return on average assets (ROAA) of 0.82% compared to 0.80% to the first quarter of 20 ...
Trustco Bank Announces Management Changes – Leonard, Curley, and Others Assume New Roles
Newsfilter· 2024-07-16 18:38
GLENVILLE, N.Y., July 16, 2024 (GLOBE NEWSWIRE) -- Robert J. McCormick, Chairman, President, and Chief Executive Officer of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) and Trustco Bank, a subsidiary of TrustCo, announced the appointment of Executive Vice President Robert M. Leonard as Chief Operating Officer of TrustCo and Trustco Bank. Executive Vice President Kevin M. Curley has been named Chief Banking Officer. The following changes also have been made: Mr. McCormick also announced that Michael Hall, th ...
TrustCo to Release Second Quarter 2024 Results on July 22, 2024; Conference Call on July 23, 2024
GlobeNewswire News Room· 2024-07-10 20:00
The common shares of TrustCo are traded on The NASDAQ Global Select Market under the symbol TRST. | --- | --- | |--------------------------|--------------------------| | | | | Subsidiary: Trustco Bank | | | Contact: Robert Leonard | Executive Vice President | GLENVILLE, N.Y., July 10, 2024 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release second quarter 2024 results after the market close on July 22, 2024. Results are released on the 21st of the reporting ...
TrustCo to Release Second Quarter 2024 Results on July 22, 2024; Conference Call on July 23, 2024
Newsfilter· 2024-07-10 20:00
The call will also be audio webcast at https://events.q4inc.com/attendee/723112639, and will be available for one year. The earnings press release will be posted on the Company's Investor Relations website at: https://trustcobank.q4ir.com/corporate-overview/corporate-profile/default.aspx. Other information, including the Company's most recent annual report, proxy statement and filings with the Securities and Exchange Commission can also be found at this website. Forward-Looking Statements In addition, the B ...