TRST TrustCo Bank Corp NY featured news, full reports, and detailed charts
TrustCo Bank Corp NY (TRST) Wrap Up:
TrustCo Bank Corp NY (“TrustCo” or the “Company”) is a savings and loan holding company having its principal place of business at 5 Sarnowski Drive, Glenville, New York 12302. TrustCo was incorporated under the laws of New York in 1981 to acquire all of the outstanding stock of Trustco Bank, National Association, formerly known as Trustco Bank New York, and prior to that, The Schenectady Trust Company. On July 28, 2000 TrustCo acquired Landmark Financial Corp. and its subsidiary Landmark Community Bank, in Canajoharie, New York, a federal savings bank with assets of approximately $26 million. Landmark Community Bank was subsequently renamed Trustco Savings Bank, and, on November 15, 2002, Trustco Savings Bank and Trustco Bank, National Association merged under the charter of Trustco Savings Bank. In that merger, the resulting bank changed its name to Trustco Bank (sometimes referred to in this report as the “Bank”). ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f02%2f28%2f0001140361-08-005238.html#FIS_BUSINESS"www.trustcobank.com
756 Employees
Founded in 1902
TrustCo Bank Corp. NY (TRST:NASDAQ)
LAST $6.10 USD
CHANGE TODAY +0.06 0.99%
VOLUME 179.5K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of TrustCo Bank Corp. NY (TRST)
|
OPEN
$6.01
|
PREVIOUS CLOSE
$6.04
|
|
|
DAY HIGH
$6.20
|
DAY LOW
$6.01
|
|
|
52 WEEK HIGH
11/26/08 - $11.05
|
52 WEEK LOW
03/6/09 - $4.71
|
|
|
MARKET CAP
467.6M
|
AVERAGE VOLUME 3 mo
261.4K
|
|
|
DILUTED EPS TTM
$0.35
|
SHARES OUTSTANDING
76.7M
|
|
|
EX-DATE
12/2/09
|
P/E TTM
17.5x
|
|
|
DIVIDEND
$0.25
|
DIVIDEND YIELD
4.10%
|
|
| K = Thousands M = Millions B = Billions | ||
TRST Top Compensated Officers
Mr. Robert Joseph McCormick
Chairman, Chief Executive Officer, President,...
Age: 45
Total Annual Compensation: $722.0K
Mr. Robert Thomas Cushing
Chief Financial Officer, Principal Accounting...
Age: 53
Total Annual Compensation: $579.5K
Mr. Scott Reynold Salvador
Chief Banking Officer, Executive Vice Preside...
Age: 42
Total Annual Compensation: $427.5K
Mr. Robert Michael Leonard
Administrative Vice President, Assistant Secr...
Age: 46
Total Annual Compensation: $146.4K
Ms. Sharon J. Parvis
Vice President of Personnel & Quality Control...
Age: 58
Total Annual Compensation: $146.4K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for TrustCo Bank Corp. NY (TRST)
TrustCo Bank Corp. NY expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on October 23, 2009).
10/23/2009
TrustCo Bank Corp. NY expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on October 23, 2009).
TrustCo Bank Corp. NY Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
10/20/2009
TrustCo Bank Corp. NY reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. The company announced net income for the third quarter of 2009 of $7.9 million, equal to diluted and basic earnings per share of $0.103, as compared to net income of $9.0 million and earnings per basic and share of $0.119 for the same period of last year. Return on average equity and return on average assets were 13.09% and 0.87%, respectively, for the third quarter of 2009, compared to return on average equity and return on average assets of 15.41% and 1.05%, respectively, for the third quarter of 2008. The company reported income before income taxes of $12.701 million on net interest income of $29.537 million and total interest income of $41.146 million compared to income before income taxes of $13.767 million on net interest income of $24.699 million and total interest income of $42.053 million for the same period of last year. For the first nine months of 2009, net income was $19.6 million and resulted in basic and diluted earnings per share of $0.257, as compared to the first nine months of 2008 that resulted in net income of $26.9 million and diluted and basic earnings per share of $0.356. Return on average equity and return on average assets were 11.04% and 0.75%, respectively, for the first nine months of 2009 and 15.53% and 1.05% for the comparable period in 2008. The company reported income before income taxes of $30.069 million on net interest income of $81.240 million and total interest income of $119.993 million compared to income before income taxes of $40.205 million on net interest income of $72.570 million and total interest income of $129.429 million for the same period of last year.
TrustCo Bank Corp. NY Appoints Dennis De Gennaro as New Director
08/18/2009
On August 18, 2009, the board of directors of TrustCo Bank Corp. NY appointed Dennis De Gennaro as a new director. Mr. De Gennaro was also appointed to the audit, compensation and nominating and corporate governance committees of the board. Mr. De Gennaro is the president and chief executive officer of Camelot Associates Corporation.
TRST Competitors
| Company | Last | Change | |
| No competitor information is available for TRST. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | TRST | Industry Range |
| Price/Earnings | 17.4x |
|
| Price/Sales | 4.1x |
|
| Price/Book | 1.9x |
|
| Price/Cash Flow | 17.5x |
|
| TEV/Sales | 0.7x |
Not meaningful
|
|
TRST |
||
|
TRST transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent News About TrustCo Bank Corp NY
More news for TRST
Banks must prepay FDIC
The Federal Deposit Insurance Corp. wants to require its insured banks to prepay quarterly risk-based assessments for the fourth quarter of 2009 and for all of 2010, 2011 and 2012. The total prepaid assessments collected would be roughly $45 billion, FDIC estimates. Prepayment would allow the industry to strengthen the cash position of the Deposit Insurance Fund (DIF) immediately, while allowing the capital impact of deposit insurance assessments to be felt gradually over time as the industry improves its own financial position, FDIC said. As of June 30, FDIC-insured institutions held more than $1.3 trillion in liquid balances, or 22 percent more than they did a year ago. Prepaying assessments will put the industry’s liquid balances to good use in conserving capital and helping to maintain the capacity of banks to lend while they rebuild the DIF, FDIC believes. “The decision today is really about how and when the industry fulfills its obligation to the insurance fund. It’s clear that the American people would prefer to see an end to policies that look to the federal balance sheet as a remedy for every problem,” FDIC Chairman Sheila C. Bair said in a statement. “In choosing this path, it should be clear to the public that the industry will not simply tap the shoulder of the increasingly weary taxpayer. This proposal is a vote of confidence for the banking industry’s resilience and will continue to recover its strength as we work through the significant challenges ahead.” Banking groups, including the American Banking Association...Click here to read the whole Article (external link)
TRUSTCO BANK CORP N Y Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exh
Show all filings for TRUSTCO BANK CORP N Y | Request a Trial to NEW EDGAR Online Pro Form 8-K for TRUSTCO BANK CORP N Y 20-Oct-2009Results of Operations and Financial Condition, Financial Statements and Exh Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information prov...Click here to read the whole Article (external link)
Looking For Value In Eastern Banks: Hidden Gems In Specific Regions
67 WALL STREET, New York - October 15, 2009 - The Wall Street Transcript has just published its Northeast & Mid-Atlantic Regional Banks Report offering a timely review of the sector to serious investors and industry executives. This 121 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. Topics covered: Residential Mortgage Situation -- Regional Banks Mergers and Acquisitions Timing Strategy -- Commercial Mortgage Portfolio Decay -- Timing Of Commercial Mortgage Portfolio Bad Debt Write Offs-- FDIC Hit List For Bank Closings -- Mutual Holding Company Structure -- Interest Rate Scenarios -- Banking Pricing Power -- Expensive Bank Valuations -- Tangible Book As Guide For Bank Stock Pricing -- Distressed Sales Of Community and Regional Banks -- TARP Program -- Attitude Of Institutional Investors Towards Resurgence in Community Banking -- Unique Business Models -- Regional Bank Boards Looking For Exit Companies include: BB and T (BBT); Colonial (CNB); First Niagara (FNFG); PNC (PNC); National City (NCC-PA); Harleysville National (HNBC); Citizens First Bancorp (CTZN); Regions Financial (RF); Bank of America (BAC); SunTrust Banks (STI); Pinnacle Financial (PNFP); Northwest Bancorp Inc. (NWSB); Beneficial (BNCL); Investor Savings Bancorp (ISBC); Territorial Bancorp (TBNK); FNB Bancorp (FNBG.OB); National Penn (NPBC); Trustco Bank (TRST); KeyBank (KEY); M and T Bank (MTB); New York Community Bancorp (NYB); Bank of New York Mellon (...Click here to read the whole Article (external link)
TrustCo Bank’s earnings drop 12.5% in 3Q
ONLINE: home | business news | small business | sales & marketing | real estate | events | community | careers | city guide | advertise | about us | rss PRINT: subscribe | renew | advertise | book of lists | business intelligence | classifieds | view digital edition | ...Click here to read the whole Article (external link)
TRUSTCO BANK CORP N Y Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations The review that follows focuses on the factors affecting the financial condition and results of operations of TrustCo Bank Corp NY ("TrustCo" or "Company") during the three-month and nine-month periods ended September 30, 2009, with comparisons to 2008 as applicable. Net interest margin is presented on a fully taxable equivalent basis in this discussion. The consolidated interim financial statements and related notes, as well as the 2008 Annual Report to Shareholders should be read in conjunction with this review. Amounts in prior period consolidated interim financial statements are reclassified whenever necessary to conform to the current period's presentation. The third quarter of 2009 saw a mix of continued improvement in many financial markets, particularly in equities, but more subdued news in terms of underlying economic conditions. The sharp volatility in markets that had been occurring through much of 2008 and into the first quarter of 2009 was generally absent in the third quarter of 2009. While the pace of bank failures has remained significantly elevated in 2009, the focus has mostly been on smaller institutions, and have been more the result of capital and asset quality problems, rather than the liquidity issues that resulted in the failures and near-failures of some of the largest financial institutions in the world during the preceding quarters. The 2008 and early 2009 period saw unprecedented intervention by governments in markets and the financial services industry as the United States saw the two largest bank failures in its history in 2008 as well as failures of other major financial institutions, forced mergers and massive government bailouts. The United States Government responded to these events with legislation, including the Emergency Economic Stabilization Act of 2008, which authorized the Troubled Asset Relief Program ("TARP"), and ...Click here to read the whole Article (external link)
Cooper, M&T Bank: Ratings Changes
Stock quotes in this article: COO , MANH , MTB , ...Click here to read the whole Article (external link)
TRUSTCO BANK CORP N Y Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Show all filings for TRUSTCO BANK CORP N Y | Request a Trial to NEW EDGAR Online Pro Form 8-K for TRUSTCO BANK CORP N Y 17-Nov-2009Other Events, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informatio...Click here to read the whole Article (external link)
TRUSTCO BANK CORP N Y Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue45,802 43,736 44,719 46,429 Cost of Revenue11,187 12,196 14,143 16,733 Gross Profit - 31,540 30,576 29,696 Operating ExpensesResearch Development - - - - Selling General and Administrative18,686 20,488 18,351 17,157 Non Recurring - (130)130 - Others2,806 2,796 2,308 1,971 Total Operating Expenses - - - - Operating Income or Loss - 8,386 9,787 10,568 Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes13,123 8,386 9,787 10,568 Interest Expense422 340 465 464 Income Before Tax12,701 8,046 9,322 10,104 Income Tax Expense4,792 2,666 2,973 2,957 Minority Interest - - - - Net Income From Continuing Ops7,909 5,380 6,349 7,147 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - ...Click here to read the whole Article (external link)
TrustCo Bank Corp NY upgraded by Sterne Agee
Quotes for TRST - Yahoo! Finance #screen,#masthead{text-align:center;margin:0;width:752px;} #screen.xpand,#masthead.xpand{width:100%;} #screen.xpand #yfncsubtit{width:100%;} #masthead{padding-bottom:12px;} #leftcol,#rightcol{margin:0;} #leftcol{width:155px;float:left;} #rightcol{width:585px;} #content{width:752px;} #footer {clear:both;} /*/*/ body{text-align:center;} #screen{text-align:left;min-width:700px;width:62.5em;width:expression( document.all.footer ? (document.all.footer.offsetWidth>1000) ? '980'+'px' : document.all.footer.offsetWidth :'62.5'+'em') ;margin:auto;border:1px solid #FFF;} #screen.xpand{width:100%; text-align:center} #portfolio{margin:10px auto;} #hdrads{margin:10px auto 0 auto;} #masthead,#leftcol,#rightcol{margin:0;} #masthead{width:100%;} #leftcol{float:left;width:18%;} #rightcol{float:right;width:80%;} #content{width:100%;} #footer{clear:both;text-align:center;padding:10px 0;width:60em;margin:auto;border:0px solid #FFF;} #leftNavTable,#yfncmh,#yfncmkttme,#yfncduplgnwrn,#yfncpsnlbar,#yfnctitbar,#y fncsubtit,#yfncbrobtn,#yfncsumtab, .yfnc_systitlelinea1,.yfnc_systitlelineb1,.yfnc_modtitlew1{ width:100%;} #yfncmh{width:100%;} .yfncsumdatagrid{background:#DCDCDC;width:100%;} .yfnc_modtitlew2{width:49%;} /**/ .yfncnhl{color:#666;margin-bottom:10px;} .yfncnhl .yfncnhlbl{color:#000;width:1.6em;text-align:center;} .yfncnhl .yfncnhltt{color:#000;width:50px;padding-top:2px;} .yfncnhltt { position: relative; } .yfncnhltt a { position: relative; display: block; /* opera */ width: 42px; height: 31px; } .yfncnhltt img { border: 0; } .yfncnhltt img.video_play { position: absolute; bottom: 2px; left: 2px; width: 13px; height: 14px; } #yfiunv table td, #yfiadvdec table td { width: 1%; } #yfiunv table td.name, #yfiadvdec table th.first, #yfiadvdec table td.first { width: 10%; white-space: normal; } #leftcol{display:none;} #rightcol{display:block;} ...Click here to read the whole Article (external link)
Would you like to leave a comment about TrustCo Bank Corp NY TRST
Find out what social network information about TrustCo Bank Corp NY are available on RealpenniesWorst 5 - Click here to find out what stocks have been voted down by our visitors and users
Besides TrustCo Bank Corp NY there is more great information available at Realpennies.com