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

Posted by Lindsey Winhoffer on Oct 22nd, 2024

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

TrustCo Bank Corp NY Trading Down 3.6 %

Shares of TRST opened at $32.58 on Tuesday. The firm has a market cap of $619.35 million, a PE ratio of 12.58 and a beta of 0.81. The company’s 50 day simple moving average is $33.19 and its 200-day simple moving average is $30.42. TrustCo Bank Corp NY has a 12-month low of $23.78 and a 12-month high of $36.51.

TrustCo Bank Corp NY Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.42%. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is presently 55.60%.

TrustCo Bank Corp NY Company Profile

(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.