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TrustCo Bank Corp NY operates as the holding company for Trustco Bank that provides personal and business banking services to individuals and businesses. It accepts deposits; and offers loans and investments. The company also operates as a real estate investment trust that acquires, holds, and manages real estate mortgage assets, including residential mortgage loans and mortgage-backed securities. In addition, it operates as the executor of estates and trustee of personal trusts; provides asset and wealth management, estate planning and related advice, and custodial services; and acts as trustee for various types of employee benefit plans, and corporate pension and profit-sharing trusts. The company operates through 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, Flagler, 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, as well as automatic teller machines. TrustCo Bank Corp NY was founded in 1902 and is headquartered in Glenville, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $188M | - | $61M | $46M | 8.9% | 9.4% | 25.2% |
| 2024 | $172M | - | $49M | $55M | 7.2% | -9.7% | -16.7% |
| 2023 | $190M | - | $59M | $58M | 9.1% | -4.6% | -22.0% |
| 2022 | $199M | - | $75M | $75M | 12.5% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 199.40 | 190.16 | 171.77 | 187.92 |
| Pretax Income | - | 99.42 | 77.61 | 64.05 | 80.81 |
| Tax Provision | - | 24.18 | 18.97 | 15.21 | 19.68 |
| Net Income | - | 75.23 | 58.65 | 48.83 | 61.14 |
| Net Income Common Stockholders | - | 75.23 | 58.65 | 48.83 | 61.14 |
| Interest Expense | - | 6.47 | 54.36 | 91.38 | 90.44 |
| Interest Income | - | 186.60 | 226.21 | 243.32 | 259.42 |
| Selling General And Administration | - | 51.11 | 57.42 | 54.07 | 54.83 |
| Normalized Income | - | 75.23 | 58.65 | 48.83 | 61.14 |
| Market Cap | 817.34 | 817.34 | 817.34 | 817.34 | 817.34 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| TrustCo Bank Corp NYthis co. | TRST | $865M | 13.37 | 1.19 | 8.9% | - |
| Abacus Global Management, Inc. | ABX | $902M | 26.06 | 2.18 | 8.7% | 11.09 |
| CNB Financial Corporation | CCNE | $899M | 10.57 | 1.09 | 7.6% | - |
| Business First Bancshares, Inc. | BFST | $879M | 9.55 | 0.96 | 9.8% | - |
| Mercantile Bank Corporation | MBWM | $876M |
| - |
| - |
| - |
| - |
| - |
| 9.08 |
| 1.19 |
| 12.2% |
| - |
| NB Bancorp, Inc. | NBBK | $876M | 14.28 | 0.95 | 5.9% | - |
| Five Star Bancorp | FSBC | $865M | 12.84 | 1.94 | 13.8% | - |
| Ridgepost Capital, Inc | RPC | $842M | 45.00 | 2.39 | 4.8% | 10.84 |
| Mid Penn Bancorp, Inc. | MPB | $840M | 15.06 | 0.94 | 6.9% | - |
| Peer Median | - | 13.56 | 1.14 | 8.2% | 10.96 | |