TrustCo (TRST)
Runs a residential-mortgage-and-deposit bank across the New York Capital Region and four other states.
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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
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $44.5M · Total debt $144.7M · Total assets $6.53B · Shareholders' equity $656.0M
- Revenue
- $29.2M
- Operating income
- −$21.6M
- Net income
- $17.0M
HistoryDividendAnnual yield
| Institutions | 76.82% | 13.42M shares | |
|---|---|---|---|
| 187 holders · as of Jun 30, 2026 | |||
| Insiders | 3.20% | 558.7K shares | |
| 16 holders · as of Sep 3, 2026 | |||
| Other | 19.98% | 3.49M shares | |
| remainder | |||
17.47M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 14.41% | 2.52M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 6.52% | 1.14M | as of Jun 30, 2026 |
Systematic Financial Management LPInstitution | 6.30% | 1.10M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.28% | 922,845 | as of Jun 30, 2026 |
Holdco Asset Management, LPInstitution | 4.99% | 872,744 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 2, 2026 | Lauren Ann McCormick | officer: VP,Treasurer, Asst. Corp. Sec. | +436 | $57.34 |
| 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 |
- 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.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TrustCo | $55.84 | −0.21% | $952.9M | 15.5 | — | 3.9 | +8.7% |
| Community Financial System | $61.11 | −0.05% | $3.21B | 14.2 | 12.6 | 3.1 | +9.6% |
| NBT Bancorp | $50.66 | −0.37% | $2.64B | 12.5 | 11.6 | 2.8 | +9.4% |
| Seacoast Banking | $32.57 | −0.79% | $3.19B | 21.2 | 12.3 | 3.4 | +38.7% |
| M&T Bank | $220.94 | −1.11% | $32.38B | 11.8 | 11.1 | 2.6 | +5.7% |
| SouthState | $102.48 | +0.11% | $9.93B | 10.8 | 10.5 | 3.1 | +1.2% |
| WaFd | $30.95 | −1.78% | $2.33B | 9.6 | 9.2 | 1.7 | +10.3% |
| Median | 12.1 | 11.3 | 2.9 | +9.5% |