TrustCo Bank Corp NY (NASDAQ:TRST) Full Year 2024 Results

Key Financial Results

• Revenue: US$169.8m (down 10% from FY 2023).
• Net income: US$48.8m (down 17% from FY 2023).
• Profit margin: 29% (down from 31% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: US$2.57 (down from US$3.08 in FY 2023).

TRST Banking Performance Indicators

• Net interest margin (NIM): 2.54% (down from 2.91% in FY 2023).
• Cost-to-income ratio: 61.6% (up from 56.7% in FY 2023).
• Non-performing loans: 0.37% (up from 0.35% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

In the last 12 months, the only revenue segment was Community Banking contributing US$169.8m. The largest operating expense was General & Administrative costs, amounting to US$91.4m (76% of total expenses). Explore how TRST's revenue and expenses shape its earnings.

TrustCo Bank Corp NY shares are down 2.2% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on TrustCo Bank Corp NY's balance sheet health.

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