TrustCo Bank Corp NY

Report azionario NasdaqGS:TRST

Capitalizzazione di mercato: US$929.5m

TrustCo Bank Corp NY Crescita futura

Criteri Future verificati 0/6

Al momento non disponiamo di una copertura analitica sufficiente per prevedere la crescita e il fatturato di TrustCo Bank Corp NY.

Informazioni chiave

n/a

Tasso di crescita degli utili

n/a

Tasso di crescita dell'EPS

Banks crescita degli utili8.1%
Tasso di crescita dei ricavin/a
Rendimento futuro del capitale proprion/a
Copertura analitica

None

Ultimo aggiornamenton/a

Aggiornamenti recenti sulla crescita futura

Articolo di analisi • Apr 26

Results: TrustCo Bank Corp NY Exceeded Expectations And The Consensus Has Updated Its Estimates

Investors in TrustCo Bank Corp NY ( NASDAQ:TRST ) had a good week, as its shares rose 4.2% to close at US$27.06...

Recent updates

Seeking Alpha • Feb 04

TrustCo Bank: Mortgage Repricing And A Big Buyback Program

Summary TrustCo Bank's valuation remains attractive despite last year's rally. Current profitability margin tailwinds could persist as loan repricing continues through 2026. The board's 2 million share buyback program offers a significant catalyst given the program's size, representing 11% of total shares outstanding. Read the full article on Seeking Alpha
Articolo di analisi • Aug 23

TrustCo Bank Corp NY's (NASDAQ:TRST) Upcoming Dividend Will Be Larger Than Last Year's

TrustCo Bank Corp NY's ( NASDAQ:TRST ) periodic dividend will be increasing on the 1st of October to $0.38, with...
Seeking Alpha • Feb 17

Another Downgrade For TrustCo Bank

Summary TrustCo Bank's stock is downgraded from ‘buy’ to ‘hold’ due to its relatively high price-to-earnings ratio and only decent asset quality. Despite a 9.4% rise since December 2023, the stock underperformed the broader market and has seen a decline in net interest income and net profits. The bank's deposits and loans have grown, but rising interest rates have increased costs, impacting net profits and net interest margins. TrustCo Bank's price-to-book ratio is attractive, but its return on assets and equity are lower than most competitors, justifying the downgrade. Read the full article on Seeking Alpha
Articolo di analisi • Nov 23

TrustCo Bank Corp NY (NASDAQ:TRST) Is Due To Pay A Dividend Of $0.36

The board of TrustCo Bank Corp NY ( NASDAQ:TRST ) has announced that it will pay a dividend of $0.36 per share on the...
Seeking Alpha • Jul 22

TrustCo Bank: Very Strong Performance, Run A House Position

Summary TrustCo Bank Corp NY's Q2 earnings exceeded expectations with an improved return on assets and equity. Net interest margin increased, earnings per share beat expectations, and the stock remains attractive at $32.90 per share. TrustCo Bank saw growth in loans and deposits, maintained strong asset quality, and has a safe dividend payout ratio. If you followed our trade, consider running a house position now. Read the full article on Seeking Alpha
Articolo di analisi • Apr 26

Results: TrustCo Bank Corp NY Exceeded Expectations And The Consensus Has Updated Its Estimates

Investors in TrustCo Bank Corp NY ( NASDAQ:TRST ) had a good week, as its shares rose 4.2% to close at US$27.06...
Seeking Alpha • Apr 22

TrustCo Bank: Back To A 5.5% Yield, It Is A Buy

Summary TrustCo Bank Corp NY is a recommended regional bank for trading and investing, with stocks currently on sale. Q1 earnings showed respectable loan activity and revenue growth, surpassing expectations. TrustCo Bank's asset quality remains strong, with improving return metrics and a solid efficiency ratio. Buying back stock. Buy TrustCo Bank Corp NY stock for income, or trade for gains back over $30 per share. Read the full article on Seeking Alpha
Articolo di analisi • Nov 25

TrustCo Bank Corp NY (NASDAQ:TRST) Is Due To Pay A Dividend Of $0.36

The board of TrustCo Bank Corp NY ( NASDAQ:TRST ) has announced that it will pay a dividend of $0.36 per share on the...
Articolo di analisi • Mar 24

Should You Be Adding TrustCo Bank Corp NY (NASDAQ:TRST) To Your Watchlist Today?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Articolo di analisi • Feb 25

TrustCo Bank Corp NY (NASDAQ:TRST) Is Increasing Its Dividend To $0.36

TrustCo Bank Corp NY ( NASDAQ:TRST ) will increase its dividend from last year's comparable payment on the 3rd of April...
Articolo di analisi • Aug 20

TrustCo Bank Corp NY (NASDAQ:TRST) Will Pay A Dividend Of $0.35

The board of TrustCo Bank Corp NY ( NASDAQ:TRST ) has announced that it will pay a dividend of $0.35 per share on the...
Seeking Alpha • Aug 20

TrustCo Bank: Stable And Attractively Valued

TRST currently has excess cash on its books which gives it the opportunity to improve its asset mix and boost the margin. The loan portfolio’s growth will likely remain slow and steady. The December 2022 target price suggests a decent upside from the current market price. Further, TRST is offering a good dividend yield. Earnings of TrustCo Bank Corp NY (TRST) will likely surge this year on the back of steady loan growth. Further, the company will likely continue to deploy its excess cash, which will boost the margin. Overall, I'm expecting TrustCo Bank to report earnings of $3.51 per share for 2022, up 10% year-over-year. For 2023, I'm expecting earnings to remain flattish as loan growth will likely counter the growth in operating expenses. The year-end target price suggests a moderately-high upside from the current market price. Based on the total expected return, I'm adopting a buy rating on TrustCo Bank. Cash Deployment to Help the Margin TrustCo Bank’s net interest margin jumped by an impressive 17 basis points in the second quarter of 2022 as the company deployed some of its excess cash into higher-yielding assets. TrustCo Bank still has plenty of excess cash on its books that provides further opportunities to lift margins. The following chart shows the trend of federal funds sold and other short-term investments, which are cash components. SEC Filings The following table shows the large difference between the yields of various asset classes. Asset Class Average Yield in 2Q 2022 Loans 3.52% Available-for-sale securities 1.85% Fed funds sold and other short-term investments 0.82% Source: 2Q 2022 10-Q Filing If TrustCo Bank could approach a more normal asset mix, then the margin could significantly improve. If the management isn't successful in cash deployment, then TrustCo can still earn a higher yield on its cash, albeit to a lower degree. The upward shift in the short end of the treasury yield curve will help TrustCo earn more on its cash balances. The U.S. Treasury Department Apart from asset mix improvement and greater earning on cash, there isn't much opportunity to benefit from a rising-rate environment. Historically, TrustCo Bank's margin has moved independently of interest rates. The company primarily focuses on residential real estate, which by nature has fixed rates. Therefore, the average loan yield will remain upward sticky in a rising-rate environment. At the same time, the deposit book is quick to reprice because it is heavy on interest-bearing, flexible-rate deposits, namely money market, savings, and interest-bearing checking accounts. These flexible-rate deposits made up of whooping 65.7% of total deposits at the end of June 2022, according to details given in the 10-Q filing. Considering these factors, I'm expecting the margin to increase by a further five basis points in the second half of 2022 before stabilizing in 2023. Loan Growth Trend to Remain Unchanged TrustCo Bank’s loan growth has remained consistently in the mid-single-digit range in the past. I'm expecting loan growth to remain near the historical average through the end of 2023 as the effect of higher rates will counter the effect of strong job markets. Higher borrowing costs will discourage home buyers, who will try to put off new home purchases till a more feasible time. On the other hand, strong job markets will ensure more and more people have the means to afford a home. TrustCo Bank operates in New York, New Jersey, and Florida, which provide good geographical diversification as the economies are very different. The job market of New Jersey is weaker than the national average, while that of Florida and New York, excluding New York City, is stronger. Nevertheless, all three are doing much better than in the last several years. (Please note that TrustCo does not operate in New York City, which is why it's not included in the chart below.) New York Excluding New York Unemployment Rate data by YCharts Considering these factors, I'm expecting the loan portfolio to grow by 4.3% in 2022 and by 4.1% in 2023. Further, I'm expecting other balance sheet items to grow more or less in line with loans. The following table shows my balance sheet estimates. FY18 FY19 FY20 FY21 FY22E FY23E Financial Position Net Loans 3,829 4,018 4,195 4,395 4,586 4,772 Growth of Net Loans 6.6% 4.9% 4.4% 4.8% 4.3% 4.1% Other Earning Assets 987 1,010 1,518 1,594 1,456 1,515 Deposits 4,274 4,450 5,037 5,268 5,505 5,729 Borrowings and Sub-Debt 162 149 268 297 191 199 Common equity 490 538 568 601 614 654 Book Value Per Share ($) 5.1 5.6 29.4 31.2 32.0 34.1 Tangible BVPS ($) 5.1 5.6 29.4 31.2 32.0 34.1 Source: SEC Filings, Author's Estimates (In USD million unless otherwise specified) Normal Level of Provisioning Likely Allowances were 2.36 times the non-performing loans at the end of June 2022, which is a comfortable position. As most of the loans are based on fixed rates, the increase in interest rates is unlikely to affect the portfolio’s credit quality. Further, TrustCo Bank’s loan portfolio inherently carries less risk than peer banks’ portfolios because an overwhelming majority of TrustCo’s loans are backed by real estate. Considering these factors, I'm expecting the provisioning to remain at a normal level through the end of 2023. I'm expecting the net provision expense to make up 0.02% of total loans in 2022 and 2023, which is the same as the average for the last five years. Expecting Earnings to Grow by 10% Earnings will likely grow in 2022 on the back of an increase in loans and margin expansion. Further, I'm expecting earnings to remain flattish next year as the growth of expenses will likely cancel out loan growth. Moreover, I'm expecting the margin to remain mostly stable next year. Overall, I'm expecting TrustCo to report earnings of $3.51 per share for 2022, up 10% year-over-year. For 2023, I'm expecting the company to report earnings of $3.49 per share, down by just 0.6% year-over-year. The following table shows my income statement estimates. FY18 FY19 FY20 FY21 FY22E FY23E Income Statement Net interest income 161 156 154 160 171 179 Provision for loan losses 1 0 6 (5) 1 1 Non-interest income 18 19 17 18 20 20 Non-interest expense 98 98 96 102 101 109 Net income - Common Sh. 61 58 52 62 67 67 EPS - Diluted ($) 0.64 0.60 2.72 3.19 3.51 3.49 Source: SEC Filings, Earnings Releases, Author's Estimates (In USD million unless otherwise specified)

In questa sezione di solito presentiamo le proiezioni di crescita dei ricavi e degli utili basate sulle stime di consenso degli analisti professionisti per aiutare gli investitori a capire la capacità della società di generare profitti. Tuttavia, poiché TrustCo Bank Corp NY non ha fornito dati sufficienti sul passato e non ha previsioni degli analisti, i suoi utili futuri non possono essere calcolati in modo affidabile estrapolando i dati passati o utilizzando le previsioni degli analisti.

Si tratta di una situazione piuttosto rara, dato che il 97% delle società coperte da SimplyWall St dispone di dati finanziari passati.

Previsioni di crescita degli utili e dei ricavi

NasdaqGS:TRST - Stime future degli analisti e dati finanziari passati (USD Millions )
DataRicaviUtiliFlusso di cassa liberoLiquidità dell'operazioneAvg. Numero di analisti
3/31/2026190635968N/A
12/31/2025186614658N/A
9/30/2025181574455N/A
6/30/2025177534959N/A
3/31/2025174514251N/A
12/31/2024170495559N/A
9/30/2024169475763N/A
6/30/2024172495358N/A
3/31/2024178535055N/A
12/31/2023189595864N/A
9/30/2023201706569N/A
6/30/2023206747680N/A
3/31/2023206768386N/A
12/31/2022200757579N/A
9/30/2022194716467N/A
6/30/2022189685861N/A
3/31/2022185655558N/A
12/31/2021184625355N/A
9/30/2021179595558N/A
6/30/2021173565862N/A
3/31/2021167535356N/A
12/31/2020165525862N/A
9/30/2020165535862N/A
6/30/2020167535862N/A
3/31/2020172576266N/A
12/31/201917458N/A64N/A
9/30/201917760N/A69N/A
6/30/201917860N/A65N/A
3/31/201917861N/A68N/A
12/31/201817761N/A68N/A
9/30/201817653N/A63N/A
6/30/201817550N/A63N/A
3/31/201817347N/A62N/A
12/31/201717143N/A62N/A
9/30/201716847N/A61N/A
6/30/201716545N/A60N/A
3/31/201716443N/A50N/A
12/31/201616243N/A55N/A
9/30/201616142N/A53N/A
6/30/201616042N/A56N/A
3/31/201615842N/A59N/A
12/31/201515742N/A60N/A
9/30/201515743N/A67N/A
6/30/201515743N/A61N/A

Previsioni di crescita futura degli analisti

Guadagni vs tasso di risparmio: Dati insufficienti per determinare se la crescita degli utili prevista TRST è superiore al tasso di risparmio ( 3.5% ).

Guadagni vs Mercato: Dati insufficienti per determinare se si prevede che gli utili di TRST cresceranno più velocemente del mercato US

Guadagni ad alta crescita: Dati insufficienti per determinare se si prevede che gli utili di TRST cresceranno in modo significativo nei prossimi 3 anni.

Ricavi vs Mercato: Dati insufficienti per determinare se si prevede che i ricavi di TRST cresceranno più rapidamente del mercato US.

Ricavi ad alta crescita: Dati insufficienti per determinare se si prevede che i ricavi di TRST cresceranno più rapidamente di 20% all'anno.

Previsioni di crescita dell'utile per azione

Rendimento futuro del capitale proprio

ROE futuro: Dati insufficienti per determinare se il Return on Equity di TRST è previsto essere elevato tra 3 anni

Scoprire le aziende in crescita

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Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2026/06/09 14:56
Prezzo dell'azione a fine giornata2026/06/09 00:00
Utili2026/03/31
Utili annuali2025/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; abbiamo anche guide su come utilizzare i nostri report e tutorial su Youtube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

TrustCo Bank Corp NY è coperta da 4 analisti. 0 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Travis LanKeefe, Bruyette, & Woods
Alexander Roberts TwerdahlPiper Sandler Companies
John CarsonSociete Generale Cross Asset Research