TrustCo Bank Corp NY (TRST) Stock

TrustCo Bank Corp NY (TRST) is a Financials stock trading at $56.84 (as of 2026-08-21), with a market capitalization of $993.36M and a trailing P/E of 15.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

TrustCo Bank Corp NY is the holding company for Trustco Bank, a federal savings bank that provides personal and business banking, including deposits, loans, and investment services. The company also operates as a real estate investment trust and provides estate, wealth management, custodial, and trustee services for employee benefit plans and corporate trusts.

Understand TrustCo Bank Corp NY: how it makes money

TrustCo Bank Corp NY provides personal and business banking, including accepting deposits, making loans, and offering investments, and it also runs a real estate mortgage REIT and provides trust, estate, and wealth management services. It makes money through its banking and lending activities, mortgage asset operations, and wealth and trust-related services.

The profit model is primarily driven by the scale of lending (Loans), the quality of that lending (Non-Performing Loans), and wealth/trust activity (Assets Under Management), since these factors map to the company’s banking and services income and credit performance.

Business quality (Solid): You have clear operating lenses to monitor for TRST: Loans (business volume), Non-Performing Loans (credit risk), and Assets Under Management (wealth and trust-related business). The reportable segment breakdown is not provided here, so the view is best at the whole-company level.

Valuation: At 15× earnings, TRST trades 20% above the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Growing or sustained lending scale: Loans are 5.0 USD_B in the latest quarter, which is a direct measure of the company’s core banking activity.
  • Low measured credit delinquencies: Non-Performing Loans are 0.02 USD_B, providing a read on asset quality within the lending portfolio.
  • Wealth and trust business provides an additional operating pillar: Assets Under Management are 1.27 USD_B, including 1.26 USD_B in the Wealth Management Division and 0.94 USD_B in the Financial Services Division.

Bear case

  • Credit risk tied to lending and mortgage assets: As a bank that also acquires, holds, and manages residential mortgage loans and mortgage-backed securities, deterioration in mortgage or loan performance could show up through rising Non-Performing Loans and Non-Performing Assets (both are 0.02 USD_B in the latest quarter).
  • Concentration in a specific asset type can amplify stress: Because the company operates as a real estate investment trust focused on mortgage-related assets, adverse conditions affecting real estate or mortgage-backed securities could pressure performance.
Valuation — source: SEC EDGAR (first-party)
Price$56.84
Market Cap$993.36M
P/E Ratio15.1
EV / EBITDA4.2
Price / Book1.51
Price / Sales3.73
FCF Yield8.8%
DCF Value (model)$54.67
DCF Upside vs Price-3.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$259.42M
Net Margin23.6%
Revenue Growth (YoY)6.6%
EPS Growth (YoY)26.8%
FCF Growth (YoY)-16.2%
Valuation vs Sector & Industry
Stock P/E15.1
Sector P/E (Financials)15.1
Industry P/E (Banking)13.0
vs Sector0.0%
vs Industry16.4%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($112.36M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEORobert Joseph McCormick
Employees740
CountryUS
IPO Date1983-04-20

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TRST earnings history · TRST institutional & insider holders · TRST KPIs & operating metrics · TRST financials · TRST investor presentations & press releases · TRST SEC filings · TRST peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.