TrustCo Bank Corp NY (FRA:TC50)

TrustCo Bank Corp NY Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	216.98	205.6	187.46	162.21	159.17	165.96
Interest Income on Investments	38.25	37.72	38.75	24.39	8.81	12.32
Total Interest Income	255.23	243.32	226.21	186.6	167.98	178.29
Interest Paid on Deposits	90.35	90.59	53.35	5.73	6.67	23.7
Interest Paid on Borrowings	0.74	0.79	1.01	0.74	0.91	1.01
Total Interest Expense	91.09	91.38	54.36	6.47	7.57	24.71
Net Interest Income	164.14	151.94	171.85	180.14	160.41	153.58
Net Interest Income Growth (YoY)	8.24%	-11.58%	-4.60%	12.30%	4.45%	-1.43%
Trust Income	7.68	7.25	6.43	7.04	7.36	6.28
Gain (Loss) on Sale of Investments	-	1.38	-	-	-	1.16
Other Non-Interest Income	11.24	11.2	11.89	12.22	10.58	9.74
Total Non-Interest Income	18.92	19.83	18.32	19.26	17.94	17.17
Non-Interest Income Growth (YoY)	-4.90%	8.29%	-4.91%	7.38%	4.47%	-7.64%
Revenues Before Loan Losses	183.06	171.77	190.16	199.4	178.35	170.75
Provision for Loan Losses	1.6	2	1.25	-0.34	-5.45	5.6
Revenue	181.46	169.77	188.91	199.74	183.8	165.15
Revenue Growth (YoY)	7.63%	-10.13%	-5.42%	8.67%	11.29%	-5.22%
Salaries and Employee Benefits	43.98	44.03	48.54	43	45.72	44.42
Occupancy Expenses	7.58	7.17	7.04	7.13	7.6	7.45
Federal Deposit Insurance	4.49	4.12	4.3	3.16	3.01	2.22
Selling, General & Administrative	42.52	42	38.87	36.62	36.23	33.23
Other Non-Interest Expense	7.35	7.65	9.28	10.1	8.92	8.3
Total Non-Interest Expense	106.96	105.73	108.55	100.32	101.66	95.7
EBT Excluding Unusual Items	74.51	64.05	80.36	99.42	82.13	69.45
Legal Settlements	-	-	-2.75	-	-	-
Pretax Income	74.51	64.05	77.61	99.42	82.13	69.45
Income Tax Expense	17.65	15.21	18.97	24.18	20.61	16.99
Net Income	56.85	48.83	58.65	75.23	61.52	52.45
Net Income to Common	56.85	48.83	58.65	75.23	61.52	52.45
Net Income Growth	19.94%	-16.73%	-22.05%	22.29%	17.29%	-9.31%
Basic Shares Outstanding	19	19	19	19	19	19
Diluted Shares Outstanding	19	19	19	19	19	19
Shares Change (YoY)	-0.32%	0.06%	-0.56%	-0.68%	-0.21%	-0.43%
EPS (Basic)	3.00	2.57	3.08	3.93	3.19	2.72
EPS (Diluted)	3.00	2.57	3.08	3.93	3.19	2.72
EPS Growth	21.05%	-16.63%	-21.63%	23.20%	17.38%	-8.93%
Dividend Per Share	1.460	1.440	1.440	1.410	1.372	1.363
Dividend Growth	1.39%	-	2.13%	2.78%	0.69%	-
Effective Tax Rate	23.69%	23.75%	24.44%	24.32%	25.10%	24.47%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.