TrustCo Bank Corp NY


Trustco Bank has been the low cost provider of high quality products and services since opening for business in 1902 in the upstate town of Schenectady, New York. Throughout this time Trustco Bank has remained true to core banking principles and did not get caught up in any of the latest banking fads that have caused so many other banks to close their doors over the years. In 2002, the company began a large expansion, opening over 80 new branches in Central Florida, Massachusetts, downstate New York, New Jersey, and Vermont. Today, Trustco Bank has 145 branch locations, 51 of which are in the state of Florida. The Bank believes in old school, personal service and welcomes each customer by name as they enter the branch. Offering a wide variety of great deposit and loan products, the bank specializes in residential mortgage lending. As of December 31, 2013, Trustco Bank’s assets were $4.6 Billion. Trustco Bank has paid dividends to its shareholders for over 100 consecutive years, and has remained profitable throughout its history, including the recent financial crisis. In May 2015, SNL Financial rated Trustco Bank the 12th best performing savings bank in the country. Trustco Bank is traded on the NASDAQ under TRST.
Bank NameTrustCo Bank Corp NY
Stock ExchangeLSE
SymbolTRST
SectorFinancials
IndustryMajor Banks
CountryUnited States
World Region"North America "
Chairman
CEOMr. Robert Joseph McCormick
Employees846
Websitetrustcobank.com
Registered Year1902

  2017 2016 2015
  € m € m € m
Revenue
Total interest income 169 161 159
Total Interest Expenses 15 15 16
Net Interest income 154 146 143
Total Net Revenue 173 165 161
       
Earnings per share
Basic 0.45 0.45 0.44
Diluted 0.45 0.45 0.44
       
Assets      
Total current assets  
Other assets 59,579 63,941 63,669
Total assets 49,08,008 48,68,806 47,34,992
Total current liabilities
Total liabilities 44,49,700 44,36,120 43,21,682
Total Equity 4,58,308 4,32,686 4,13,310
       
Net income
Net cash provided by operating activities 62 55 60
Net cash used for investment activities 145 158 61
Net cash provided by financing activities 11 92 48
       
       
Source: http://www.trustcobank.com      
Currency in EUR, All numbers in million.      

United States
New York