TRST Earnings Prediction
The chart below shows how TRST performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TRST sees a -2.03% change in stock price 10 days leading up to the earnings, and a +1.92% change 10 days following the report. On the earnings day itself, the stock moves by +0.07%. This data can give you a slight idea of what to expect for the next quarter's release.
TRST Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
38.74M
-1.08%
-2.00%
Gross Margin
--
--
--
Operating Margin
39.29%
19.39%
-9.07%
Net Margin
29.12%
15.83%
-10.59%
EPS
0.59
13.46%
-13.24%
No Data Available
TRST Earnings Analysis
TrustCo Bank Corp NY Corporation (TRST.O) Earnings Conference Call
Positive
Operational Efficiency Improvement: Efficiency ratio improved to 61.5%, indicating enhanced operational efficiency.
Net Income Increase: Net income for Q4 2024 reached $11,300,000, a 14.6% increase year-over-year, reflecting strong financial performance.
Loan Demand Increase: Average loans grew by 2.1% or $104,900,000, reaching an all-time high of $5,100,000, demonstrating robust loan demand.
Home Equity Growth: Home equity lines of credit increased by $61,000,000 or 17.9% in Q4 2024, highlighting strong growth in this segment.
Book Value Increase: Book value per share rose to $35.56, up 4.8% from $33.92 a year earlier, indicating increased shareholder value.
Negative
Net Interest Margin Decline: Net interest margin for Q4 of 2024 was 2.60 percent, down 1 basis point from the prior quarter, indicating a slight erosion in profitability despite an increase in yield on interest-earning assets.
Non-Interest Expense Increase: Total non-interest expense, net of ORE expense, came in at $27,700,000, up $1,700,000 from the prior quarter, driven by higher costs in net occupancy, equipment, outdoor services, and advertising expenses.
Decline in Installment Loans: Installment loans decreased by $2,600,000 over the same period in 2023, reflecting a decline in consumer borrowing in this segment.
Credit Loss Provisioning Strategy: The provision for credit losses was $400,000 for Q4, indicating a cautious approach to potential future credit quality issues despite no current indications of declining loan quality.
Non-Performing Loans Update: Non-performing loans were $18,800,000 at quarter end, slightly down from $19,400,000 last quarter, but still reflecting ongoing challenges in maintaining loan performance.
TRST FAQs
How does TRST typically perform around its earnings report dates?
Is Earnings call transcript: TrustCo Bank Q4 2024 misses EPS forecast, stock drops positive or negative?
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TRST Earning Call Sentiment
Earnings call transcript: TrustCo Bank Q4 2024 misses EPS forecast, stock drops
TRST.O
3.68%Positive
The earnings call reflects mixed sentiments. Positive aspects include loan growth, stable credit quality, and increased net income. However, challenges like competitive pressures, regulatory issues in cannabis banking, and increased costs in equipment and services offset these positives. The Q&A session reveals optimism in real estate but lacks clarity on CD rates. No explicit shareholder return plan was mentioned, and net interest margin slightly declined. The absence of market cap data limits prediction precision, but overall, the stock is likely to remain stable in the short term.
