TrustCo Bank Corp NY (NASDAQ:TRST ) Q3 2025 Earnings Call October 22, 2025 9:00 AM EDT Company Participants Robert McCormick - President, CEO & Chairman of the Board Michael Ozimek - Executive VP & CFO Kevin Curley - Executive VP & Chief Banking Officer Conference Call Participants John Lapey - Gabelli Funds, LLC Presentation Operator Good day, and welcome to TrustCo Bank Corp Earnings Call and Webcast. [Operator Instructions] Before proceeding, we would like to mention this presentation may contain forward-looking information about TrustCo Bank Corp New York that is intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995.
TrustCo Bank Corp. demonstrates strong profitability, driven by a robust loan book and low loan loss provisions, with a focus on NY and FL markets. TRST reported a 10% YoY increase in net interest income for Q2, and EPS for H1 rose nearly 20%, supporting a well-covered, recently raised dividend. The bank maintains a high-quality, liquid balance sheet, minimal commercial real estate exposure, and manageable past-due loans mostly backed by real estate.
TrustCo Bank Corp NY (NASDAQ:TRST ) Q2 2025 Earnings Conference Call July 22, 2025 9:00 AM ET Company Participants Kevin M. Curley - Executive VP & Chief Banking Officer Michael M.
| Banks Industry | Financials Sector | Robert Joseph McCormick CEO | XSTU Exchange | US8983492047 ISIN |
| US Country | 740 Employees | 5 Dec 2025 Last Dividend | 28 May 2021 Last Split | 26 Mar 1990 IPO Date |
TrustCo Bank Corp NY stands as the parent company for Trustco Bank, a federal savings bank dedicated to offering a variety of personal and business banking services. Established in 1902 and headquartered in Glenville, New York, TrustCo has expanded its services to encompass not only traditional banking but also real estate investment and comprehensive fiduciary services. It has a broad operational footprint, with banking offices spread across key counties in New York, an extensive presence in Florida, and locations in Vermont, Massachusetts, and New Jersey, ensuring accessibility through a wide network of branches and automatic teller machines.
Trustco Bank offers a wide range of personal and business banking services, catering to the diverse financial needs of individuals and businesses. This includes the acceptance of deposits, facilitating everyday banking transactions, providing checking and savings accounts, and more, aiming to deliver a comprehensive banking experience to their customers.
As part of its financial products portfolio, TrustCo provides various loan options, including but not limited to, residential mortgage loans and personal loans. Additionally, the company offers a selection of investment products to help individuals and businesses grow their wealth, demonstrating its commitment to supporting the financial aspirations of its customers.
TrustCo operates as a Real Estate Investment Trust, focusing on acquiring, holding, and managing real estate mortgage assets. This includes both residential mortgage loans and mortgage-backed securities, allowing for diversified investment opportunities in the real estate sector.
The company extends its services to include acting as the executor of estates and trustee of personal trusts. This shows TrustCo's capacity to provide expert asset and wealth management, estate planning and related advice, and custodial services. Furthermore, TrustCo acts as a trustee for various types of employee benefit plans and corporate pension and profit-sharing trusts, highlighting its versatility and expertise in managing fiduciary responsibilities.