TrustCo Bank Ny(NASDAQ) TRST

TrustCo helps families and businesses save money and get loans. The bank operates offices in several states including New York and Florida. It also helps people manage their estates and retirement plans.

Checking, Savings, and Trust Services

• Residential Real Estate: Lending for one-to-four family homes; includes fixed-rate mortgages and home equity lines of credit.
• Commercial Banking: Business loans and credit lines based on company cash flows and property values.
• Personal Deposits: Various accounts like checking, savings, and certificates of deposit for individual customers.
• Trust Services: Asset and wealth management for estates and employee benefit plans; managed $1.27 billion as of December 31, 2025.
• Real Estate Investment: Subsidiary Trustco Realty Corp manages mortgage assets to generate income for the bank.

New Markets and Modern Rules

• Implemented a financial services program to serve legal cannabis-related businesses.
• Maintained 134 banking offices across five states as of December 31, 2025.
• Enhanced internal monitoring to comply with evolving Basel III Endgame capital standards and Community Reinvestment Act rules.

Community Focus and Steady Reach

TrustCo operates as the largest for-profit bank headquartered in the Capital District of New York. The company uses a community-based model to build personal relationships with local businesses and households.

The Bank by the Numbers

• Net income reached $16.3 million in Q1 2026, up 14.1% from Q1 2025.
• Total revenue rose to $71.0 million in Q1 2026, a 4.8% increase year-over-year.
• Operating income grew to $21.6 million in Q1 2026, up 15.5% from the previous year.
• Total assets reached $6.4 billion as of December 31, 2025.

Bottom Line

TrustCo has evolved from a local trust company into a regional bank serving five states. Its focus on traditional residential lending and community banking supports its long-term market position.