TrustCo Bank Corp NY Third Quarter 2024 Earnings: EPS: US$0.68 (vs US$0.77 in 3Q 2023)

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TrustCo Bank Corp NY (NASDAQ:TRST) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$43.1m (down 7.7% from 3Q 2023).

  • Net income: US$12.9m (down 12% from 3Q 2023).

  • Profit margin: 30% (down from 31% in 3Q 2023). The decrease in margin was driven by lower revenue.

  • EPS: US$0.68 (down from US$0.77 in 3Q 2023).

earnings-and-revenue-history
NasdaqGS:TRST Earnings and Revenue History October 23rd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

TrustCo Bank Corp NY shares are down 1.1% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on TrustCo Bank Corp NY's balance sheet health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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