TRST

MKT CAP:$817M

TrustCo Bank Corp NY

Market Cap

$817M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$46.15+$4.87 (+11.80%)

Apr 24, 2026

Company Details

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, partnerships, and corporations. The company accepts deposits; and offers loan...

CEO

Robert Joseph McCormick

IPO Date

Apr 20, 1983

Website

www.trustcobank.com

Key Metrics TTM

Revenue

$282M

+5.7% YoY

Net Income

$63M

EPS (Diluted)

$3.41

Free Cash Flow

$46M

Revenue / Share

$15.75

Gross Margin

67.6%

Operating Margin

29.9%

Net Margin

22.4%

FCF Margin

16.2%

P/S

2.9x

P/E

12.9x

Earnings Reports

Q1 2026

Apr 21, 2026

NEW

$71M+4.8%EPS $0.91

FY 2025

Mar 16, 2026

$278M+5.8%EPS $3.25

Q4 2025

Mar 16, 2026

$71M+6.3%EPS $0.85

Q3 2025

Nov 7, 2025

$71M+7.2%EPS $0.86

Q2 2025

Aug 8, 2025

$69M+4.7%EPS $0.79

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$49M	$48M	$23M
Q3 22	$53M	$52M	$26M
Q4 22	$57M	$54M	$28M
Q1 23	$59M	$51M	$24M
Q2 23	$61M	$49M	$22M
Q3 23	$62M	$47M	$19M
Q4 23	$63M	$42M	$13M
Q1 24	$65M	$41M	$16M
Q2 24	$66M	$43M	$16M
Q3 24	$66M	$43M	$17M
Q4 24	$66M	$43M	$15M
Q1 25	$68M	$45M	$19M
Q2 25	$69M	$46M	$20M
Q3 25	$71M	$48M	$21M
Q4 25	$71M	$48M	$21M
Q1 26	$71M	$49M	$22M

Valuation

Quarter	P/S	P/E
Q2 22	3.1x	8.7x
Q3 22	3.1x	8.7x
Q4 22	3.5x	9.4x
Q1 23	2.8x	8.0x
Q2 23	2.4x	7.5x
Q3 23	2.2x	7.4x
Q4 23	2.3x	9.8x
Q1 24	2.1x	10.1x
Q2 24	2.1x	11.0x
Q3 24	2.4x	13.3x
Q4 24	2.4x	13.0x
Q1 25	2.2x	11.4x
Q2 25	2.4x	11.9x
Q3 25	2.5x	12.2x
Q4 25	2.9x	13.2x
Q1 26	2.8x	12.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$11M	$10M
Q2 22	$22M	$21M
Q3 22	$23M	$22M
Q4 22	$23M	$21M
Q1 23	$19M	$18M
Q2 23	$16M	$15M
Q3 23	$12M	$11M
Q4 23	$18M	$15M
Q1 24	$10M	$9M
Q2 24	$19M	$18M
Q3 24	$16M	$16M
Q4 24	$14M	$12M
Q1 25	$1M	-$3M
Q2 25	$27M	$25M
Q3 25	$13M	$10M
Q4 25	$16M	$14M

Capital Expenditures

Quarter	CapEx
Q1 22	$796.0K
Q2 22	$770.0K
Q3 22	$584.0K
Q4 22	$2M
Q1 23	$757.0K
Q2 23	$1M
Q3 23	$815.0K
Q4 23	$3M
Q1 24	$501.0K
Q2 24	$1M
Q3 24	$929.0K
Q4 24	$2M
Q1 25	$5M
Q2 25	$2M
Q3 25	$3M
Q4 25	$2M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+5.0%	-6.3%
Q3 22	+16.3%	+17.0%
Q4 22	+22.8%	+19.0%
Q1 23	+26.1%	+47.1%
Q2 23	+23.6%	+51.5%
Q3 23	+16.3%	+54.9%
Q4 23	+11.0%	+71.1%
Q1 24	+10.1%	+39.1%
Q2 24	+9.2%	+28.0%
Q3 24	+6.2%	+14.5%
Q4 24	+5.1%	+2.7%
Q1 25	+5.0%	+0.9%
Q2 25	+4.7%	-0.3%
Q3 25	+7.2%	+0.6%
Q4 25	+6.3%	-4.9%
Q1 26	+4.8%	+0.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$154.0K	0.2%
Q2 24	$155.0K	0.2%
Q3 24	$154.0K	0.2%
Q4 24	$257.0K	0.4%
Q1 25	$308.0K	0.5%
Q2 25	$308.0K	0.4%
Q3 25	$309.0K	0.4%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$12M	$389.0K
Q3 22	$13M	$508.0K
Q4 22	$14M	$532.0K
Q1 23	$14M	$390.0K
Q2 23	$14M	$518.0K
Q3 23	$13M	$586.0K
Q4 23	$14M	$384.0K
Q1 24	$13M	$408.0K
Q2 24	$13M	$466.0K
Q3 24	$13M	$339.0K
Q4 24	$13M	$590.0K
Q1 25	$13M	$361.0K
Q2 25	$13M	$304.0K
Q3 25	$14M	$290.0K
Q4 25	$24M	$629.0K
Q1 26	$19M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$47M	$502M	$549M
Q3 22	$46M	$468M	$514M
Q4 22	$43M	$482M	$525M
Q1 23	$48M	$477M	$524M
Q2 23	$56M	$453M	$508M
Q3 23	$46M	$450M	$496M
Q4 23	$49M	$452M	$502M
Q1 24	$45M	$426M	$471M
Q2 24	$42M	$395M	$437M
Q3 24	$50M	$384M	$433M
Q4 24	$47M	$297M	$345M
Q1 25	$49M	$324M	$373M
Q2 25	$45M	$269M	$315M
Q3 25	$42M	$252M	$294M
Q4 25	$51M	$310M	$361M
Q1 26	$43M	$301M	$344M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	19M	-0.3%	-0.7%
Q3 22	19M	-0.2%	-0.7%
Q4 22	19M	-0.3%	-0.9%
Q1 23	19M	-0.1%	-1.0%
Q2 23	19M	-0.0%	-0.7%
Q3 23	19M	0.0%	-0.5%
Q4 23	19M	+0.0%	-0.1%
Q1 24	19M	+0.0%	+0.0%
Q2 24	19M	+0.0%	+0.0%
Q3 24	19M	+0.0%	+0.1%
Q4 24	19M	0.0%	+0.1%
Q1 25	19M	+0.0%	+0.1%
Q2 25	19M	-0.3%	-0.2%
Q3 25	19M	0.0%	-0.2%
Q4 25	18M	-3.5%	-3.7%
Q1 26	18M	-2.5%	-6.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$58.2K	844
Q3 22	$63.3K	844
Q4 22	$69.5K	818
Q1 23	$71.6K	818
Q2 23	$74.2K	818
Q3 23	$75.9K	818
Q4 23	$78.1K	808
Q1 24	$79.9K	808
Q2 24	$82.0K	808
Q3 24	$81.7K	808
Q4 24	$83.8K	791
Q1 25	$85.7K	791
Q2 25	$87.6K	791
Q3 25	$89.4K	791
Q4 25	$86.1K	819
Q1 26	$86.7K	819

Revenue / Employee