TRUSTCO BANK CORP N Y TRST
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 Trustco Bank New York and, later, 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.
As of December 31, 2025, TrustCo had $6.4 billion in total assets and $5.6 billion in deposits. Furthermore, TrustCo had 6,582 shareholders of record as of December 31, 2025 and the closing price of the
Trustco Bank is a federal savings bank engaged in providing general banking services to individuals and businesses.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $259.4M | $243.3M | $226.2M | $186.6M | $168.0M | $178.3M | $192.1M | $180.9M | $169.0M | $161.4M |
| Interest expense | $169.0M | $151.9M | $171.8M | $180.1M | $7.6M | $24.7M | $36.3M | $20.2M | $14.6M | $15.3M |
| Pre-tax income | $80.8M | $64.0M | $77.6M | $99.4M | $82.1M | $69.4M | $76.5M | $79.7M | $76.7M | $68.3M |
| Income tax | $19.7M | $15.2M | $19.0M | $24.2M | $20.6M | $17.0M | $18.7M | $18.2M | $33.6M | $25.7M |
| Net income | $61.1M | $48.8M | $58.6M | $75.2M | $61.5M | $52.5M | $57.8M | $61.4M | $43.1M | $42.6M |
| EPS, basic | 3.26 | 2.57 | 3.08 | 3.93 | 3.19 | 2.72 | 2.99 | 0.64 | 0.45 | 0.45 |
| EPS, diluted | 3.25 | 2.57 | 3.08 | 3.93 | 3.19 | 2.72 | 2.98 | 0.64 | 0.45 | 0.45 |
| Shares, diluted (wtd. avg.) | $18.8M | $19.0M | $19.0M | $19.1M | $19.3M | $19.3M | $19.4M | $96.6M | $96.2M | $95.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $730.4M | $641.8M | $578.0M | $650.6M | $1.22B | $1.11B | $456.8M | $503.7M | $612.7M | $707.3M |
| Property, plant and equipment | $40.7M | $33.8M | $34.0M | $32.6M | $33.0M | $34.4M | $34.6M | $34.7M | $35.2M | $35.5M |
| Total assets | $6.44B | $6.24B | $6.17B | $6.00B | $6.20B | $5.90B | $5.22B | $4.96B | $4.91B | $4.87B |
| Short-term debt | $120.1M | $84.8M | $89.0M | $122.7M | $244.7M | $214.8M | $148.7M | $161.9M | $243.0M | $209.4M |
| Total liabilities | $5.75B | $5.56B | $5.52B | $5.40B | $5.60B | $5.33B | $4.68B | $4.47B | $4.45B | $4.44B |
| Retained earnings | $480.0M | $446.5M | $425.1M | $393.8M | $349.1M | $314.0M | $288.1M | $256.4M | $219.4M | $201.5M |
| Total equity | $686.6M | $676.3M | $645.3M | $600.0M | $601.1M | $568.2M | $538.3M | $489.9M | $458.3M | $432.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $57.6M | $59.4M | $64.1M | $78.6M | $55.4M | $62.2M | $63.8M | $67.6M | $61.7M | $54.9M |
| Depreciation and amortisation | $4.8M | $4.5M | $4.1M | $4.1M | $4.2M | $4.0M | $4.0M | $4.1M | $3.8M | $4.0M |
| Stock-based compensation | $1.3M | $720.0K | $103.0K | $0 | $0 | $15.0K | $5.0K | $173.0K | $150.0K | $224.0K |
| Capital expenditure | $11.9M | $4.9M | $5.7M | $3.8M | $2.8M | $3.8M | $3.9M | $3.6M | $3.6M | $2.1M |
| Investing cash flow | -$104.7M | -$3.8M | -$233.6M | -$416.6M | -$175.3M | -$35.3M | -$248.8M | -$173.8M | -$144.9M | -$157.8M |
| Financing cash flow | $135.7M | $8.1M | $96.9M | -$230.9M | $232.3M | $623.4M | $138.1M | -$2.9M | -$11.3M | $92.0M |
| Dividends paid | $27.6M | $27.4M | $27.4M | $27.0M | $26.3M | $26.3M | $26.4M | $25.6M | $25.2M | $25.1M |
| Buybacks | $38.1M | $374.0K | $0 | $7.0M | $2.4M | $3.5M | $35.0K | $718.0K | $4.6M | $701.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-009576.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |