TrustCo Bank Corp NY (TRST)

In the past six months, TrustCo Bank Corp. NY announced a 5.6% dividend increase on August 19, 2025. On October 21, 2025, the company reported its third-quarter results, showing a 26.3% increase in net income and an 11.5% rise in net interest income. In November 2025, TrustCo reaffirmed its commitment to shareholders with a quarterly dividend. On December 19, 2025, the company announced a two-million share stock repurchase program. On January 12, 2026, TrustCo announced it would release its fourth-quarter 2025 results on January 21, 2026. As of January 13, 2026, the stock price gained 1.97%, rising from $41.62 to $42.44.

The banking industry, including TrustCo Bank Corp. NY, experiences seasonal trends in demand for its products and services, particularly in the volume of new loans. Demand for bank loans typically sees annual lows in late January and February, then increases from March, peaking in August or September, before decreasing until December. Demand for investment services also tends to rise in December and early January due to portfolio rebalancing and tax planning activities.

TrustCo Bank Corp. NY operates as a savings and loan holding company focused on community banking, offering a range of deposit products and loans, including residential and commercial mortgages, home equity lines of credit, and installment loans. The company also provides asset and wealth management, estate planning, trust and investment services, online banking, and custodial services.

TrustCo Bank Corp. NY has an operational presence across several U.S. states, including New York, Vermont, Florida, Massachusetts, and New Jersey. The company operates over 156 automatic teller machines and approximately 140 banking offices, with a strong focus on the New York and Florida markets, with over 135 branch locations, 53 of which are in Florida.

TrustCo Bank Corp. NY has maintained a generally positive brand reputation, with no specific negative events or controversies impacting its reputation in the past year. The company has a history of positive recognition, including being voted the "Number One Bank in the Capital District" and being recognized as the "Best Small Bank in New York State" in 2021. TrustCo Bank's consistent profitability and its record of paying dividends for over 100 consecutive years contribute to a stable and trustworthy image.

TrustCo Bank Corp. NY is a publicly traded company on Nasdaq under the ticker 'TRST', with ownership distributed among institutional investors, mutual funds, index funds, and individual shareholders. Institutional investors constitute the majority of its ownership, holding approximately 67.27% to 77.86% of the company's stock. Individual shareholders account for about 3.79% of the ownership.