(TRST) TrustCo Bank NY - Overview
Sector: Financial Services | Industry: Banks - Regional | Exchange: NASDAQ (USA) | Market Cap: 845m USD | Total Return: 68.1% in 12m
Avg Turnover: 3.97M
EPS Trend: -22.1%
Rev. Trend: 98.4%
Warnings
No concerns identified
Tailwinds
Supp Ema20
TrustCo Bank Corp NY is a regional financial holding company providing consumer and commercial banking, real estate investment, and wealth management services. The company operates a network of branches across New York, Florida, Vermont, Massachusetts, and New Jersey, focusing on traditional deposit taking and mortgage lending.
The business model relies heavily on the net interest margin between low-cost deposits and long-term residential mortgages. Regional banks in this sector often mitigate risk by maintaining high concentrations of collateralized real estate loans within specific geographic footprints.
In addition to retail banking, the company manages a real estate investment trust (REIT) for mortgage assets and provides fiduciary services, including estate planning and corporate pension trust management. For a deeper look at these fundamentals, consider evaluating the latest metrics on ValueRay.
- Net interest margin compression amid rising funding costs and deposit competition
- Residential mortgage loan volume fluctuations driven by Federal Reserve interest rate policy
- Asset quality stability across suburban New York and Florida real estate markets
- Non-interest income growth from wealth management and estate planning service fees
- Regulatory compliance costs and capital requirement shifts impacting dividend payout capacity
| Net Income: 63.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.25 > 1.0 |
| NWC/Revenue: -2.00k% < 20% (prev -1.95k%; Δ -40.99% < -1%) |
| CFO/TA 0.01 > 3% & CFO 68.1m > Net Income 63.1m |
| Net Debt (142.1m) to EBITDA (92.6m): 1.53 < 3 |
| Current Ratio: 0.01 > 1.5 & < 3 |
| Outstanding Shares: last quarter (17.9m) vs 12m ago -6.13% < -2% |
| Gross Margin: 67.55% > 18% (prev 0.65%; Δ 6.69k% > 0.5%) |
| Asset Turnover: 4.38% > 50% (prev 4.20%; Δ 0.18% > 0%) |
| Interest Coverage Ratio: 0.94 > 6 (EBITDA TTM 92.6m / Interest Expense TTM 89.5m) |
| A: -0.86 (Total Current Assets 57.8m - Total Current Liabilities 5.68b) / Total Assets 6.51b |
| B: 0.08 (Retained Earnings 489.5m / Total Assets 6.51b) |
| C: 0.01 (EBIT TTM 84.1m / Avg Total Assets 6.42b) |
| D: 0.09 (Book Value of Equity 517.9m / Total Liabilities 5.84b) |
| Altman-Z'' = -5.24 = D |
As of May 24, 2026, the stock is trading at USD 50.44 with a total of 109,638 shares traded.
Over the past week, the price has changed by +3.89%,
over one month by +11.54%,
over three months by +14.11% and
over the past year by +68.09%.
TrustCo Bank NY has no consensus analysts rating.
| Analysts Target Price | 26 | -48.5% |
P/E Forward = 14.0449
P/S = 4.4527
P/B = 1.2828
P/EG = 0.6267
Revenue TTM = 281.6m USD
EBIT TTM = 84.1m USD
EBITDA TTM = 92.6m USD
Long Term Debt = 29.8m USD (estimated: total debt 148.8m - short term 119.0m)
Short Term Debt = 119.0m USD (from shortTermDebt, last quarter)
Debt = 185.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 36.4m
Net Debt = 142.1m USD (calculated: Debt 185.2m - CCE 43.2m)
Enterprise Value = 987.5m USD (845.4m + Debt 185.2m - CCE 43.2m)
Interest Coverage Ratio = 0.94 (Ebit TTM 84.1m / Interest Expense TTM 89.5m)
EV/FCF = 16.69x (Enterprise Value 987.5m / FCF TTM 59.2m)
FCF Yield = 5.99% (FCF TTM 59.2m / Enterprise Value 987.5m)
FCF Margin = 21.02% (FCF TTM 59.2m / Revenue TTM 281.6m)
Net Margin = 22.43% (Net Income TTM 63.1m / Revenue TTM 281.6m)
Gross Margin = 67.55% ((Revenue TTM 281.6m - Cost of Revenue TTM 91.4m) / Revenue TTM)
Gross Margin QoQ = 68.36% (prev 68.30%)
Tobins Q-Ratio = 0.15 (Enterprise Value 987.5m / Total Assets 6.51b)
Interest Expense / Debt = 48.32% (Interest Expense 89.5m / Debt 185.2m)
Taxrate = 24.67% (5.33m / 21.6m)
NOPAT = 63.4m (EBIT 84.1m * (1 - 24.67%))
Current Ratio = 0.01 (Total Current Assets 57.8m / Total Current Liabilities 5.68b)
Debt / Equity = 0.28 (Debt 185.2m / totalStockholderEquity, last quarter 670.9m)
Debt / EBITDA = 1.53 (Net Debt 142.1m / EBITDA 92.6m)
Debt / FCF = 2.40 (Net Debt 142.1m / FCF TTM 59.2m)
Total Stockholder Equity = 685.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.98% (Net Income 63.1m / Total Assets 6.51b)
RoE = 9.21% (Net Income TTM 63.1m / Total Stockholder Equity 685.6m)
RoCE = 11.76% (EBIT 84.1m / Capital Employed (Equity 685.6m + L.T.Debt 29.8m))
RoIC = 0.98% (NOPAT 63.4m / Invested Capital 6.46b)
WACC = 13.67% (E(845.4m)/V(1.03b) * Re(8.69%) + D(185.2m)/V(1.03b) * Rd(48.32%) * (1-Tc(0.25)))
Discount Rate = 8.69% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -34.10 | Cagr: -2.73%
[DCF] Terminal Value 62.73% ; FCFF base≈52.3m ; Y1≈59.9m ; Y5≈88.2m
[DCF] Fair Price = 30.76 (EV 679.7m - Net Debt 142.1m = Equity 537.6m / Shares 17.5m; r=13.67% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -22.10 | EPS CAGR: -3.51% | SUE: N/A | # QB: 0
Revenue Correlation: 98.43 | Revenue CAGR: 7.16% | SUE: N/A | # QB: 0