TrustCo Bank Corp NY (NASDAQ:TRST) Releases Quarterly Earnings Results

Posted by Amber O'Connor on Oct 23rd, 2024

TrustCo Bank Corp NY (NASDAQ:TRST – Get Free Report) issued its earnings results on Monday. The bank reported $0.68 earnings per share (EPS) for the quarter, Yahoo Finance reports. TrustCo Bank Corp NY had a net margin of 19.22% and a return on equity of 7.65%. The firm had revenue of $66.00 million for the quarter. During the same period in the prior year, the business earned $0.77 EPS.

TrustCo Bank Corp NY Stock Up 2.7 %

Shares of NASDAQ TRST opened at $33.47 on Wednesday. The firm’s 50-day moving average price is $33.23 and its two-hundred day moving average price is $30.50. TrustCo Bank Corp NY has a 52-week low of $23.78 and a 52-week high of $36.51. The stock has a market capitalization of $636.26 million, a P/E ratio of 12.92 and a beta of 0.81.

TrustCo Bank Corp NY Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were issued a $0.36 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.44 dividend on an annualized basis and a yield of 4.30%. TrustCo Bank Corp NY’s dividend payout ratio is currently 55.60%.

About TrustCo Bank Corp NY

(Get Free Report)

TrustCo Bank Corp NY operates as the holding company for Trustco Bank, a federal savings bank that provides personal and business banking services to individuals and businesses. The company accepts deposits; and offers loans and investments. It 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.