TrustCo
Runs a residential-mortgage-and-deposit bank across the New York Capital Region and four other states.
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Profile
Operates a federal savings bank funded mostly by core deposits and lending largely into residential mortgages, positioned as a low-cost provider rather than a scale or premium-service player. The branch network spans New York's Capital Region plus Florida, Vermont, Massachusetts, and New Jersey, built almost entirely by opening new branches rather than buying other banks.
Operates a savings-and-loan holding company whose subsidiary is a federal savings bank funded chiefly by core deposits and lending mostly into residential mortgages. It presents itself as a low-cost provider of traditional banking products, with fiduciary and trust services tracing back to its founding.
Founded in 1902 in Schenectady, New York, the franchise grew into a network of more than 130 branches across New York, Florida, Vermont, Massachusetts, and New Jersey almost entirely by opening new branches rather than acquiring other banks. Florida is the largest footprint outside New York.
Two generations of one family have led the company for roughly four decades, with the current chief executive holding the chairman, president, and chief executive titles at once. Conservative underwriting and a streak of more than a century of consecutive dividend payments run through the business, alongside recent share buybacks.
Company facts
Categories
Key statistics
Year to date +38.6% · Average volume (30d) 128.8K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 21, 2026Q2 FY26 | — | $0.98 | — | — | $50.7M | — | +0.43% |
| Apr 21, 2026Q1 FY26 | — | $0.91 | — | — | $49.5M | — | −2.68% |
| Jan 21, 2026Q4 FY25 | $0.80 | $0.85 | +6.2% | $48.7M | $70.5M | +44.8% | +0.07% |
| Oct 21, 2025Q3 FY25 | $0.73 | $0.86 | +17.8% | $47.3M | $47.8M | +1.1% | +1.96% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $67.8M | $69.3M | $70.7M | $70.5M | $71.0M | $29.2M | |
| Gross profit | $45.0M | $45.9M | $47.6M | $48.2M | $48.5M | $6.7M | |
| Operating income | $18.7M | $19.7M | $21.3M | $21.5M | $21.6M | −$21.6M | |
| Net income | $14.3M | $15.0M | $16.3M | $15.6M | $16.3M | $17.0M | |
| Diluted EPS | $0.75 | $0.79 | $0.86 | $0.85 | $0.91 | $0.98 | |
| Gross margin | 66.5% | 66.3% | 67.2% | 68.3% | 68.4% | 23.0% | |
| Operating margin | 27.6% | 28.5% | 30.1% | 30.4% | 30.4% | -74.1% |
Fiscal years (4-quarter sums)FY21 $185.9M · FY22 $205.9M · FY23 $244.5M · FY24 $263.1M · FY25 $278.3M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $44.5M · Total debt $144.7M · Total assets $6.53B · Shareholders' equity $656.0M
Dividends
Raised for 16 straight years — most recently to $0.38 from $0.36 in Sep 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 5, 2026 | Jun 5 | Jul 1 | $0.38 | |
| Mar 6, 2026 | Mar 6 | Apr 1 | $0.38 | |
| Dec 5, 2025 | Dec 5 | Jan 2 | $0.38 | |
| Sep 5, 2025 | Sep 5 | Oct 1 | $0.38 | raised from $0.36 |
| Jun 6, 2025 | Jun 6 | Jul 1 | $0.36 | |
| Mar 7, 2025 | Mar 7 | Apr 1 | $0.36 | |
| Dec 6, 2024 | Dec 6 | Jan 2 | $0.36 | |
| Sep 6, 2024 | Sep 6 | Oct 1 | $0.36 |
Ownership
Shares outstanding 17.03M · Float 16.47M · 96.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 2.52M | 14.78% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 1.14M | 6.70% | 13F | Aug 11, 2026 |
| Systematic Financial Management LP | 1.10M | 6.47% | 13F | Aug 14, 2026 |
| State Street Corp | 922.8K | 5.42% | 13F | Aug 7, 2026 |
| Holdco Asset Management, LP | 872.7K | 5.13% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 12, 2026 | Lauren Ann McCormick | officer: VP,Treasurer, Asst. Corp. Sec. | +103 | $56.51 |
| Jun 4, 2026 | Lisa M. Lucarelli | director | +100 | $52.29 |
| Apr 24, 2026 | Frank B. Silverman | director | +105 | $46.18 |
| Mar 12, 2026 | Kevin M. Curley | officer: EXECUTIVE VICE PRESIDENT & COO | +588 | $42.55 |
| Nov 26, 2025 | Lisa M. Lucarelli | director | +200 | $42.69 |
Peers
- Community Financial System
Upstate New York community bank with the closest head-to-head footprint.
- NBT Bancorp
Norwich-based Upstate New York community bank overlapping in the Capital Region.
- Seacoast Banking
Florida community bank overlapping in the Central Florida footprint.
- M&T Bank
Buffalo-based super-regional with a dense Capital Region retail network.
- SouthState
Southeast super-regional competing across the target's Florida footprint.
- WaFd
West Coast federal savings bank used as analyst peer on business model.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TrustCo | $57.13 | −0.16% | $972.8M | 15.9 | — | 4.0 | +8.7% |
| Community Financial System | $63.11 | −0.06% | $3.32B | 14.7 | 13.0 | 3.2 | +9.6% |
| NBT Bancorp | $51.55 | 0.00% | $2.68B | 12.6 | 11.8 | 2.8 | +9.4% |
| Seacoast Banking | $34.37 | 0.00% | $3.34B | 22.2 | 12.9 | 3.5 | +38.7% |
| M&T Bank | $237.29 | −0.08% | $34.39B | 12.5 | 11.9 | 2.8 | +5.7% |
| SouthState | $105.98 | +0.00% | $10.28B | 11.1 | 10.8 | 3.2 | +1.2% |
| WaFd | $36.09 | 0.00% | $2.67B | 11.0 | 10.9 | 1.9 | +10.3% |
| Median | 12.6 | 11.8 | 3.0 | +9.5% |