TrustCo Bank Corp NY Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 23, 2023 at 04:00 pm EDT
Share
TrustCo Bank Corp. NY reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 42.22 million compared to USD 47.79 million a year ago. Net income was USD 14.68 million compared to USD 19.36 million a year ago. Basic earnings per share from continuing operations was USD 0.77 compared to USD 1.01 a year ago. Diluted earnings per share from continuing operations was USD 0.77 compared to USD 1.01 a year ago.
For the nine months, net interest income was USD 133.24 million compared to USD 130.95 million a year ago. Net income was USD 48.8 million compared to USD 54.32 million a year ago. Basic earnings per share from continuing operations was USD 2.57 compared to USD 2.84 a year ago. Diluted earnings per share from continuing operations was USD 2.57 compared to USD 2.84 a year ago.
TrustCo Bank Corp NY is a savings and loan holding company. The Company operates, through its principal subsidiary, Trustco Bank (the Bank). The Bank is a federal savings bank engaged in providing general banking services to individuals and businesses. The Bank operates over 156 automatic teller machines and approximately 140 banking offices in New York, New Jersey, Vermont, Massachusetts, and Florida. The Bankâs business consists of accepting deposits and making loans and investments. The Bank also lends in Essex and Fulton counties, Passaic counties, and Sumter counties. The Bank provides a range of both personal and business banking services, including a full array of deposit products for both individuals and businesses. Trustco Bank also offers trust and investment services through its Financial Services Department. In addition, the Companyâs Financial Services Department offers a range of retirement planning, and trust and estate administration services.
TRUSTCO BANK CORP NY 
