Start here if you're new
what it is
TrustCo takes deposits, makes mostly home loans, and sells trust and wealth services across five states.
how it gets paid
Last year Trustco Bank Ny made $259M in revenue. residential mortgage lending was the main engine at $129M, or 50% of sales.
why it's growing
Revenue grew 6.6% last year. The reported quarter showed revenue up 193% vs. prior year and EPS up 180% vs. prior year.
what just happened
Revenue hit $193M and EPS reached $2.41, both far above the prior year comparison.
At a glance
B++ balance sheet — above average — nothing keeping you up at night
80/100 earnings predictability — you can trust these numbers
14.5x trailing p/e — the market's not buying it — or you found a deal
3.5% dividend yield — cash in your pocket every quarter
$2.57 fy2024 eps est
xvary composite: 76/100 — average
What they do
TrustCo takes deposits, makes mostly home loans, and sells trust and wealth services across five states.
TrustCo wins the old-fashioned way: 135 offices across five states and a founding date of 1902 put it where your checking account, mortgage, and local branch can all live together. Banking moat (low-cost deposits and sticky customer relationships) → cheap funding and harder customer churn → so what: a small bank can stay relevant without winning the app store. Its risk rank is 1 and price stability is 80 out of 100 from the source data, which tells you this franchise has acted more like a plodder than a drama factory.
How they make money
$259M
annual revenue · their business grew +6.6% last year
residential mortgage lending
$129M
deposit and transaction banking
$60M
investment securities income
$34M
trust and wealth services
$21M
other banking and real estate services
$15M
The products that matter
residential real estate lending
Mortgage lending
funded by a $5.6B deposit base
this is the core activity. trustco gathers deposits, lends against homes, and earns the spread. if mortgage yields stall while funding costs rise, this is where you feel it first.
core earnings engine
consumer checking and savings
Retail deposits
$5.6B across 134 branches
deposits are the raw material for the whole bank. the cheaper and stickier they are, the more room trustco has to protect margin.
funding base
physical deposit-gathering footprint
Branch network
134 locations
134 branches give trustco local presence. they also mean you are paying for a physical network in a world where more banking is drifting online.
local moat
Key numbers
$259M
annual revenue
This tells you the bank is small. A $792M market cap against $259M of revenue means the market is pricing a steady niche lender, not a rocket ship.
$2.57
2024 EPS
Earnings per share → profit per share you own → so what: it fell from $3.08 in 2023 and $3.93 in 2022, so profitability has cooled.
3.5%
dividend yield
Dividend yield → cash paid back to you each year as a share of price → so what: TRST is paying you to wait.
14.5x
trailing P/E
P/E → stock price divided by annual earnings → so what: you're paying a middle-of-the-road multiple for a very old-school bank.
Financial health
B++
strength
- balance sheet grade B++ — above average financial health
- risk rank 1 — safer than 95% of stocks
- price stability 80 / 100
B++ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for TRST right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Revenue hit $193M and EPS reached $2.41, both far above the prior year comparison.
The reported quarter showed revenue up 193% vs. prior year and EPS up 180% vs. prior year, according to the SEC-verified figures provided. A separate earnings-call report also cited quarterly net income of $15.6M, up 38% vs. prior year.
$193M
revenue
$2.41
eps
$15.6M
net income
the number that mattered
$2.41 in quarterly EPS matters most because it nearly matches a full year of 2024 EPS at $2.57, which shows how distorted and powerful the recent quarter was.
source: company earnings report, 2026
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What could go wrong
The top risk is deposit-cost pressure on a mortgage-heavy balance sheet.
med
Deposit costs rise faster than loan yields
Trustco lives on spread income. Net interest income was $186M, or 72% of revenue. If deposit pricing moves against the bank, the earnings engine gets squeezed fast.
A small hit to margin matters when full-year net income was $61.1M. This is the main number to watch every quarter.
med
Branch-heavy model becomes a cost problem
134 branches help gather deposits. They also create a fixed-cost footprint. If customers keep shifting to digital channels, the physical network becomes less of an advantage and more of a bill.
You own a local bank with local overhead. That works best when deposit relationships stay sticky and productive.
med
Cannabis-related account exposure draws scrutiny
The current page already flags disclosed exposure to cannabis-related businesses. That is not a normal banking footnote, and it comes with federal compliance risk even if the direct revenue contribution is not quantified here.
If scrutiny rises, the damage is not just legal. It can mean forced account changes, extra compliance cost, and a reputation headache for a $792M bank.
A bank with $6.4B in assets and $61.1M in annual profit does not need a catastrophe to disappoint you. It just needs funding costs to move the wrong way while expenses stay fixed.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
Net interest margin and deposit costs
This is the number that matters. With $186M of revenue tied to spread income, even modest funding-cost pressure can rewrite the earnings story.
calendar
Q1 2026 earnings report
Estimated for monday, april 20, 2026. You are watching for margin, deposit commentary, and whether the Q4 improvement held up.
capital return
Buyback follow-through
The board approved a repurchase plan on dec. 19, 2025. The signal matters less than the pace. Check the filings for actual share count shrinkage.
risk
Any new disclosure around cannabis-related accounts
This page already flags the issue. If the language gets longer, sharper, or more specific, the market will notice.
Analyst rankings
earnings predictability
80 / 100
in human-speak, analysts see a business that usually behaves the way a small regional bank is supposed to behave.
risk rank
1
That places it among the safer names in the stock universe. Safer does not mean faster.
price stability
80 / 100
The stock tends to move like a local bank, not like a biotech coin flip. That matters if you own it for income.
source: institutional data
Institutional activity
institutional ownership data for TRST is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$43
current price
n/a
target midpoint · n/a from current
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