TrustCo Bank Corp NY (TRST)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
TrustCo Bank Corp NY (TRST) trades at $54.92 with AI Score 92/100 (Grade A+). TrustCo Bank Corp NY operates as the holding company for Trustco Bank, offering personal and business banking services. Market cap: $959.72M, Sector: Financial services.
Price live · AI analysis from May 10, 2026Analyst Coverage for TRST: TRST does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates TRST against Financial Services peers across nine fundamental dimensions and assigns a relatively strong fundamental profile based on the underlying data.
TRST: 4/7 perspectives are bullish. Dominant signal: Ken Griffin bearish.
How is this calculated? →TrustCo Bank Corp NY (TRST) Financial Services Profile
TrustCo Bank Corp NY, founded in 1902, provides banking and wealth management services through its Trustco Bank subsidiary. Operating across multiple states, the company focuses on traditional banking products, residential mortgages, and trust services, differentiating itself through a community-banking approach and a substantial real estate investment trust portfolio.
What Is the Investment Thesis for TRST?
TrustCo Bank Corp NY presents a stable investment profile within the regional banking sector. With a P/E ratio of 13.84 and a dividend yield of 3.06%, the company offers a blend of value and income. Its substantial gross margin of 67.6% reflects efficient operations. A key value driver is the company's dual role as a bank and a REIT, providing diversified revenue streams. Growth catalysts include potential expansion within its existing geographic footprint and increased adoption of its wealth management services. However, investors may want to evaluate the potential impact of interest rate fluctuations on its mortgage portfolio and the competitive pressures within the regional banking landscape. The company's beta of 0.58 suggests lower volatility compared to the broader market.
Based on FMP financials and quantitative analysis
TRST Key Highlights
- Market capitalization of $959.72M, indicating a mid-sized regional bank.
- Profit margin of 22.4%, reflecting efficient operations and profitability.
- Gross margin of 67.6%, showcasing strong revenue management.
- Dividend yield of 3.06%, providing a steady income stream for investors.
- Beta of 0.58, suggesting lower volatility compared to the broader market.
Who Are TRST's Competitors?
TRST is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BPOP Popular, Inc. | $168.04 | +0.47% | $10.85B | 96 |
| CASH Pathward Financial, Inc. | $89.31 | +0.66% | $1.89B | 92 |
| WSFS WSFS Financial Corporation | $77.29 | +0.16% | $4.02B | 81 |
| MCHB Mechanics Bank | $16.24 | +0.50% | $3.58B | 71 |
| STLE Steele Bancorp Inc. | $43.05 | -0.67% | $80.01M | 69 |
| NASB NASB Financial, Inc. | $40.30 | +0.00% | $289.22M | 68 |
| CIBEY Commercial International Bank (Egypt) S.A.E | $2.63 | +3.54% | $8.68B | 67 |
| GBOOY Grupo Financiero Banorte, S.A.B. de C.V. | $54.16 | +0.39% | $30.47B | 67 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are TRST's Key Strengths?
- Long-standing history and established presence in its markets.
- Diversified revenue streams from banking and REIT operations.
- Strong capital position and conservative lending practices.
- Experienced management team.
What Are TRST's Weaknesses?
- Limited geographic footprint compared to larger national banks.
- Reliance on traditional banking services, with less emphasis on digital innovation.
- Sensitivity to interest rate fluctuations.
- Lower brand recognition compared to larger competitors.
What Could Drive TRST Stock Higher?
- Potential interest rate hikes by the Federal Reserve could increase net interest margins.
- Expansion of wealth management services to attract high-net-worth clients.
- Continued investment in digital banking platform to enhance customer experience.
- Potential acquisitions of smaller regional banks to expand market share.
What Are the Key Risks for TRST?
- Financial-distress signal — its Altman Z-Score of 0.28 sits in the distress zone (elevated bankruptcy risk).
- Economic downturn could lead to increased loan defaults and reduced profitability.
- Increased competition from larger national banks and online financial service providers.
- Regulatory changes and compliance costs could impact financial performance.
- Cybersecurity threats and data breaches could damage the bank's reputation and financial stability.
What Are the Growth Opportunities for TRST?
- Expansion within Existing Markets: TrustCo can grow by increasing its market share within its current geographic footprint of New York, New Jersey, Vermont, Massachusetts, and Florida. By opening new branches, enhancing its digital banking services, and targeting specific customer segments, TrustCo can attract new customers and deepen relationships with existing ones. The market size for banking services in these states is substantial, offering significant growth potential. This expansion strategy can be implemented over the next 3-5 years.
- Increased Adoption of Wealth Management Services: TrustCo can expand its wealth management services, including asset management, estate planning, and custodial services. As the population ages and wealth accumulates, the demand for these services is expected to increase. By offering personalized financial advice and tailored investment solutions, TrustCo can attract high-net-worth individuals and families. The wealth management market is estimated to grow at 6% annually, providing a significant opportunity for TrustCo.
- Strategic Acquisitions: TrustCo can pursue strategic acquisitions of smaller banks or financial institutions in its target markets. Acquisitions can provide access to new customers, expand its branch network, and enhance its product offerings. By carefully selecting acquisition targets and integrating them effectively, TrustCo can accelerate its growth and increase its market share. This strategy can be pursued over the next 2-3 years.
- Enhanced Digital Banking Platform: Investing in and enhancing its digital banking platform can attract and retain customers. Offering user-friendly mobile banking apps, online account management tools, and digital payment options can improve customer satisfaction and increase transaction volumes. The digital banking market is growing rapidly, and TrustCo needs to keep pace with technological advancements to remain competitive. This is an ongoing opportunity.
- Leveraging its REIT Operations: TrustCo's unique position as both a bank and a REIT provides a competitive advantage. By strategically managing its real estate mortgage assets and mortgage-backed securities, TrustCo can generate additional revenue and enhance its profitability. The company can also explore opportunities to expand its REIT portfolio by acquiring new properties or investing in real estate development projects. This strategy can be implemented over the next 3-5 years.
What Opportunities Does TRST Have?
- Expansion within its existing markets through new branches and enhanced digital services.
- Increased adoption of wealth management services.
- Strategic acquisitions of smaller banks or financial institutions.
- Leveraging its REIT operations to generate additional revenue.
What Threats Does TRST Face?
- Intense competition from larger national banks, credit unions, and online financial service providers.
- Increasing regulatory scrutiny and compliance costs.
- Economic downturns that could impact loan demand and asset quality.
- Cybersecurity risks and data breaches.
What Are TRST's Competitive Advantages?
- Established regional presence with a long history dating back to 1902.
- Dual role as a bank and a REIT, providing diversified revenue streams.
- Strong focus on customer service and community banking.
- Conservative lending practices and a well-managed balance sheet.
What Does TRST Do?
TrustCo Bank Corp NY, established in 1902 and headquartered in Glenville, New York, operates as the holding company for Trustco Bank, a federal savings bank. The bank provides a range of personal and business banking services, including accepting deposits and offering loans and investments. TrustCo distinguishes itself by also functioning as a real estate investment trust (REIT), managing a portfolio of real estate mortgage assets, including residential mortgage loans and mortgage-backed securities. This dual role allows TrustCo to generate revenue from both traditional banking activities and real estate investments. The company's services extend to wealth management, estate planning, and custodial services, catering to individuals, partnerships, and corporations. TrustCo also acts as a trustee for various employee benefit plans and corporate pension and profit-sharing trusts. As of December 31, 2021, TrustCo Bank operated through 147 banking offices and 163 automatic teller machines across New York, New Jersey, Vermont, Massachusetts, and Florida, reflecting its regional presence and commitment to serving local communities. The bank's long history and diversified service offerings contribute to its stability and competitive positioning within the regional banking sector.
What Products and Services Does TRST Offer?
- Accepts deposits from individuals and businesses.
- Offers a variety of loan products, including residential mortgages, commercial loans, and consumer loans.
- Provides investment services, including brokerage accounts and retirement planning.
- Operates as a real estate investment trust (REIT), managing mortgage assets.
- Offers wealth management, estate planning, and custodial services.
- Acts as trustee for employee benefit plans and corporate pension trusts.
How Does TRST Make Money?
- Generates revenue from interest income on loans and investments.
- Earns fees from wealth management, trust services, and other banking activities.
- Manages a portfolio of real estate mortgage assets to generate income.
- Profits from the spread between deposit rates and lending rates.
What Industry Does TRST Operate In?
TrustCo Bank Corp NY operates within the regional banking sector, which is characterized by intense competition and evolving regulatory landscapes. The industry is influenced by factors such as interest rate movements, economic growth, and technological advancements. Regional banks like TrustCo face competition from larger national banks, credit unions, and online financial service providers. The trend toward digital banking and increased regulatory scrutiny are shaping the industry. TrustCo's focus on traditional banking services and its REIT operations differentiate it within this competitive environment.
Who Are TRST's Key Customers?
- Individuals seeking personal banking services, such as checking accounts, savings accounts, and loans.
- Businesses requiring commercial banking services, including loans, lines of credit, and cash management.
- High-net-worth individuals and families seeking wealth management and estate planning services.
- Corporations and institutions needing trust and custodial services for employee benefit plans.
How TrustCo Bank Corp NY Is Valued
TrustCo Bank Corp NY carries a market capitalization of $959.72M, placing it in the small-cap category. Relative to its peer group, TRST's quantitative score of 92/100 is above the peer average of 82/100.
Company Profile
TrustCo Bank Corp NY operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in Glenville, US. The company is led by CEO Robert Joseph McCormick. TRST has traded publicly since 1983.
ROE 9%Key Financial Metrics
Return on equity for TrustCo Bank Corp NY stands at 9.2%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.0%, showing how much profit it generates from its asset base. TRST trades at a trailing price-to-earnings ratio of 15.39, below the Financial Services sector average of ~18x. Its free cash flow yield is 6.2%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.49 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 6.5%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 8/9Financial Health
TrustCo Bank Corp NY's Piotroski F-Score is 8/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 0.28 places it in the distress zone, a signal of elevated financial risk.
TRST Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence from management in the company's future prospects.
- Community sentiment has shifted positively as discussions around TrustCo's customer service improvements gain traction.
- Analysts note that TrustCo's focus on community banking aligns well with current market demand for localized financial services.
- The bank's recent expansion efforts are seen as a strategic move to capture a larger market share, enhancing its growth potential.
Bear Case
- Concerns over rising interest rates are causing anxiety among investors about potential impacts on loan demand.
- Negative social sentiment has emerged due to reports of slower-than-expected growth in deposits.
- Some community discussions highlight worries about increased competition from fintech companies, which may erode TrustCo's market position.
- Recent economic indicators suggest a potential slowdown, leading to skepticism about the bank's ability to maintain profitability in the near term.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
TRST Latest News
No recent news available for TRST.
TRST Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for TRST.
Price Targets
Wall Street price target analysis for TRST.
TRST MoonshotScore
What does this score mean?
The MoonshotScore rates TRST's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest TrustCo Bank Corp NY Analysis
Leadership: Robert Joseph McCormick
CEO
Robert Joseph McCormick serves as the CEO of TrustCo Bank Corp NY, leading a workforce of 740 employees. His career encompasses extensive experience in the financial services sector, with a focus on banking operations and strategic management. McCormick's background includes various leadership roles within TrustCo, providing him with a deep understanding of the company's operations, culture, and market position. He has been instrumental in guiding the bank through evolving regulatory landscapes and competitive pressures.
Track Record: Under Robert Joseph McCormick's leadership, TrustCo Bank Corp NY has maintained a consistent financial performance, characterized by a stable profit margin and a healthy dividend yield. He has focused on strengthening the bank's capital position and managing its real estate mortgage assets effectively. McCormick has also overseen the expansion of the bank's wealth management services and the enhancement of its digital banking platform.
TrustCo Bank Corp NY Financial Services Stock: Key Questions Answered
What does TrustCo Bank Corp NY do?
TrustCo Bank Corp NY operates as the holding company for Trustco Bank, a regional bank providing personal and business banking services. It accepts deposits, offers loans and investments, and manages a portfolio of real estate mortgage assets as a REIT. The company also provides wealth management, estate planning, and custodial services, serving individuals, partnerships, and corporations across New York, New Jersey, Vermont, Massachusetts, and Florida. TrustCo's business model combines traditional banking with real estate investment.
What do analysts say about TRST stock?
Analyst coverage of TrustCo Bank Corp NY (TRST) typically focuses on its stable financial performance, consistent dividend yield, and conservative lending practices. Key valuation metrics include its P/E ratio, price-to-book ratio, and dividend payout ratio. Growth considerations often revolve around its ability to expand within its existing markets, increase its wealth management business, and manage its real estate mortgage portfolio effectively. Analyst consensus is Unknown.
What are the main risks for TRST?
The main risks for TrustCo Bank Corp NY include interest rate risk, credit risk, and regulatory risk. Interest rate risk arises from the potential impact of rising interest rates on its mortgage portfolio and net interest margin. Credit risk stems from the possibility of loan defaults due to economic downturns or borrower financial distress. Regulatory risk involves the increasing compliance costs and potential impact of new regulations on its business operations. Competition from larger banks and online financial service providers also poses a threat.
How does TrustCo Bank Corp NY make money in financial services?
TrustCo Bank Corp NY generates revenue through several key channels within the financial services sector. Primarily, it earns net interest income from the spread between the interest it charges on loans (mortgages, commercial loans, etc.) and the interest it pays on deposits. Additionally, TrustCo derives income from fees associated with wealth management services, trust administration, and other banking services. Its unique position as a REIT also allows it to generate income from managing and investing in real estate mortgage assets, contributing to its overall profitability.
What regulatory challenges does TrustCo Bank Corp NY face?
TrustCo Bank Corp NY, like all banks, faces significant regulatory oversight from federal and state agencies. These regulations are designed to ensure the safety and soundness of the banking system and protect consumers. Key regulatory challenges include maintaining adequate capital levels as mandated by banking regulations, complying with anti-money laundering (AML) laws, and adhering to consumer protection regulations such as the Dodd-Frank Act. Compliance with these regulations requires ongoing investment in compliance infrastructure and personnel, adding to the company's operating costs.
What are the key factors to evaluate for TRST?
TrustCo Bank Corp NY (TRST) holds an AI score of 92/100 (high). Not financial advice.
How frequently does TRST data refresh on this page?
TRST prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven TRST's recent stock price performance?
TrustCo Bank Corp NY (TRST) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Long-standing history and established presence in its markets. See the News tab for the latest drivers. Past performance does not predict future results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available financial data and company descriptions as of the provided date.
- Analyst consensus and future projections are subject to change.