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TrustCo Bank Corp NY

TRST Financial Banks Regional

TrustCo Bank Corp NY’s revenue for fiscal 2025 (year ended December 2025) was $278.4 million, up 5.78% from fiscal 2024.

Revenue
+5.24%
EPS
+18.4%
Free cash flow
+2.59%

Quarter to September 2026, against a year earlier

57.35 0.81 +1.43%
Market cap
$934.5M
P/E
15.1×
Fwd P/E
9.1×
Dividend yield
2.71%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.07
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — 1 1 — 1 — 1 1 — —
Sell — — — — — — — — — — — —
Insider Ownership 5.42%

Capital & Financial Ratios $m

Size
Market Cap 934.50
Revenue ttm 289.64
Net income ttm 65.07
Free cash flow ttm 59.83
Net debt Q (597.32)
Valuation
P/E 15.06
Forward P/E 9.13
Price / sales 3.30
Forward P/S Powerpack
Price / FCF 15.98
Price / book 1.51
Financial health
Current ratio Q 1.03
Debt / equity Q 0.00
Interest coverage Q —
Growth
Revenue growth Q +5.24% (above 0%: growing)
Operating income growth Q +7.84% (above 0%: growing)
EPS, this year −22.73% (below 0%: weak)
EPS, next year A +20.59% (at or above 15%: strong)
Revenue, next year A −28.44% (below 0%: weak)
EPS, past 5 yrs +3.78%
EPS, next 5 yrs A +5.00%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 76.38%
10-year low 10-year high
P/S against its own 10 years 45.87%
10-year low 10-year high
P/B against its own 10 years 72.53%
10-year low 10-year high

Dividends

Yield
2.71%
Annual rate
1.54
Payout ratio
41.0%
Growth, 2018–26
−1.76%/yr
  1. 1.34 ’18
  2. 1.36 ’19 +2
  3. 1.36 ’20 +0
  4. 1.37 ’21 +1
  5. 1.41 ’22 +3
  6. 1.44 ’23 +2
  7. 1.44 ’24 +0
  8. 1.48 ’25 +3
  9. 1.16 ’26 −22
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 578 642 730 597
Receivables — — — —
Inventory — — — —
Other — — — —
5,532 5,690 5,931 5,996
2023 2024 2025 Q'26
Payables 5,351 5,391 5,557 5,684
ST’ Debt — — — —
Other — — — —
5,478 5,522 5,718 5,828

Compound Annual Growth %

10y 5y 3y
Sales 4.62% 7.33% 10.58%
Cash Flow (0.41%) (1.51%) (9.85%)
Earnings 3.77% 3.11% (6.68%)
Book Value 5.21% 3.86% 4.60%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY24 Estimate 0.53 Actual 0.66

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY23 0.76 0.77 Beat by 0.01
Q4 FY23 0.66 0.52 Miss by 0.14
Q1 FY24 0.60 0.64 Beat by 0.04
Q2 FY24 0.53 0.66 Beat by 0.13

EPS $

Mar Jun Sep Dec Year
’26 0.91 0.98 1.02 — —
’25 0.75 0.79 0.86 0.85 3.25
’24 0.64 0.66 0.68 0.59 2.57
’23 0.93 0.86 0.77 0.52 3.08
’22 0.89 0.93 1.01 1.10 3.93
’21 0.75 0.75 0.87 0.85 3.19
’20 0.70 0.60 0.75 0.70 2.70
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 71 74 74 — —
’25 68 69 71 71 278
’24 65 66 66 66 263
’23 59 61 62 63 245
’22 46 49 53 57 206
’21 47 47 46 46 186
’20 52 48 48 47 195
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 12 28 — — —
’25 1 27 13 16 58
’24 10 19 16 14 59
’23 19 16 12 18 64
’22 11 22 23 23 79
’21 9 19 16 11 55
’20 15 14 20 14 62
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 10 26 — — —
’25 (3) 25 10 14 46
’24 9 18 16 13 55
’23 18 15 11 15 58
’22 11 21 22 21 75
’21 8 18 16 10 53
’20 14 13 18 13 58
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 180 187 199 211 195 186 206 245 263 278 290 +4.9% — — — —
Gross margin, % 91.52 92.21 89.83 82.76 87.36 95.93 96.86 77.77 65.28 67.51 69.42 (24.0) pt
EBT 68 77 80 77 69 82 99 78 64 81 88 +1.9%
EBT margin, % 37.86 40.97 40.03 36.31 35.53 44.18 48.29 31.74 24.34 29.03 30.44 (8.8) pt
Net income 43 43 61 58 52 62 75 59 49 61 65 +4.1%
Per share, $
Per share, $ Revenue 9.44 9.75 10.31 10.88 10.13 9.65 10.76 12.85 13.84 14.84 17.20 +5.2%
Earnings 2.25 2.25 3.20 3.00 2.70 3.19 3.93 3.08 2.57 3.26 3.77 +4.2%
Cash flow 2.87 3.21 3.50 3.29 3.22 2.87 4.11 3.37 3.13 3.07 0.00 +0.7%
Capex (0.07) (0.18) (0.19) (0.20) (0.20) (0.15) (0.17) (0.30) (0.22) (0.63) 0.00 +27.3%
Free cash flow 2.80 3.02 3.32 3.09 3.02 2.73 3.94 3.07 2.91 2.44 0.00 (1.5%)
Book value 22.64 23.84 25.38 27.79 29.44 31.21 31.36 33.92 35.56 36.61 37.49 +5.5%
Shares, m 19 19 19 19 19 19 19 19 19 19 18 (0.2%)
Valuation, ×
Valuation, × P/E 20.11 19.78 10.72 14.69 12.13 10.34 9.62 10.13 12.96 12.68 15.06 13.3
P/S 4.69 4.57 3.33 3.98 3.29 3.45 3.51 2.43 2.41 2.78 3.30 3.4
P/B 1.95 1.87 1.35 1.56 1.13 1.07 1.21 0.92 0.94 1.13 1.51 1.3
EV/Sales 0.77 1.30 0.80 1.82 (2.37) (3.11) 0.35 0.06 (0.03) 0.16 — 0.0
EV/FCF 2.58 4.17 2.47 6.39 (7.94) (11.00) 0.96 0.26 (0.15) 0.98 — (0.1)
Cash, $m
Cash, $m Operating cash flow 55 62 68 64 62 55 79 64 59 58 69 +0.5%
Capex (1) (4) (4) (4) (4) (3) (3) (6) (4) (12) (9) +27.0%
Free cash flow 54 58 64 60 58 53 75 58 55 46 60 (1.7%)
Balance, $m
Balance, $m Working capital (342) (245) (136) (152) 21 71 (13) 54 167 213 169 n/m
Net debt (707) (613) (504) (457) (1,107) (1,219) (651) (578) (642) (730) (597) +0.4%
Shareholders’ equity 433 458 490 538 568 601 600 645 676 687 631 +5.3%
Returns, %
Returns, % ROA 0.89 0.88 1.25 1.14 0.94 1.02 1.23 0.96 0.79 0.96 1.03 +0.1 pt
ROIC 0.00 0.00 0.00 58.74 0.00 0.00 0.00 72.10 115.92 0.00 162.05 0.0 pt
ROE 10.07 9.68 12.96 11.25 9.48 10.52 12.53 9.42 7.39 8.97 9.99 (1.1) pt
People
People Employees 808 846 854 814 778 844 818 750 791 819 — +0.2%
Revenue/emp, $m 0.22 0.22 0.23 0.26 0.25 0.22 0.25 0.33 0.33 0.34 — +4.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

TrustCo Bank Corp NY vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
EQBK Equity Bancshares, Inc. $1.0B 28.8× 10.6× +39.99% (above 0%: growing) +47.13% (above 0%: growing) +40.78% (above 0%: growing) 70.70% 0.00% Compare
CAC Camden National Corporation $978.7M 10.8× 10.8× −1.32% (below 0%: shrinking) +8.80% (above 0%: growing) −13.69% (below 0%: shrinking) 73.23% 0.00% Compare
CPF CPB Inc. $977.8M 11.5× 11.4× −0.51% (below 0%: shrinking) +28.99% (above 0%: growing) +31.44% (above 0%: growing) 82.63% 0.00% Compare
HAFC Hanmi Financial Corporation $959.5M 10.6× 10.2× +2.24% (above 0%: growing) +10.38% (above 0%: growing) +48.02% (above 0%: growing) 65.09% 0.00% Compare
TRST TrustCo Bank Corp NY $934.5M 15.1× 9.1× +5.24% (above 0%: growing) +18.39% (above 0%: growing) +2.59% (above 0%: growing) 69.68% 0.00%
FMNB Farmers National Banc Corp. $919.5M 10.6× 10.9× +43.94% (above 0%: growing) +5.41% (above 0%: growing) +114.21% (above 0%: growing) 70.09% 0.00% Compare
THFF First Financial Corporation Indiana $910.8M 9.9× 10.1× +12.04% (above 0%: growing) +32.00% (above 0%: growing) +35.58% (above 0%: growing) 76.21% 0.00% Compare
NBBK NB Bancorp, Inc. $899.0M 13.2× 11.0× +39.49% (above 0%: growing) +37.21% (above 0%: growing) −112.43% (below 0%: shrinking) 63.66% 0.00% Compare
ORRF Orrstown Financial Services Inc $864.7M 9.8× 9.8× +0.90% (above 0%: growing) +8.91% (above 0%: growing) −5.50% (below 0%: shrinking) 70.78% 0.00% Compare
Median of peers $939.5M 10.7× 10.7× +7.14% +19.69% +33.51% 70.74% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 1 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 3.65m 4.23m 154.15
2024 2.85m 3.00m 96.84
2023 3.06m 2.67m 86.00
2022 3.35m 3.78m 98.11
2021 3.18m 3.40m 83.44

Ownership

Directors and executive officers, together 3.41%
BlackRock, Inc. 15.73%
The Vanguard Group 7.49%
Dimensional Fund Advisors LP 6.78%
Systematic Financial Management, LP 6.71%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

TrustCo Bank Corp NY (TRST) Latest News

29 Oct

Impact 4 · · The Motley Fool

22 Oct

Impact 4 · · The Motley Fool transcript
Impact 4 ·
Impact 3 · · Simply Wall St.
Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat
Impact 3 · · Moby transcript
Impact 3 · · Simply Wall St.

21 Oct

Impact 4 ·
Impact 4 · · GlobeNewswire
Impact 3 · · Associated Press
Impact 3 · · Associated Press Finance

22 Jul

Impact 3 ·
Impact 3 · · MarketBeat
Impact 3 · · Moby transcript

23 Apr

Impact 4 · · MarketBeat
Impact 4 · · GuruFocus.com

22 Apr

Impact 4 · · Moby

22 Jan

Impact 4 · · GuruFocus.com transcript
Impact 4 · · MarketBeat transcript

21 Jan

Impact 4 · · GlobeNewswire
Impact 3 · · Associated Press Finance

14 Jan

Impact 4 · · Simply Wall St.

19 Dec

Impact 3 · · GlobeNewswire

5 Dec

Impact 3 · · Simply Wall St.

19 Nov

Impact 4 · · GlobeNewswire

6 Nov

Impact 4 · · Simply Wall St.

8 Oct

Impact 4 · · Simply Wall St.

3 Oct

Impact 3 · · Simply Wall St.

23 Aug

Impact 3 ·
stockrow.com/TRST · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com