TrustCo Bank Corp NY

NASDAQ TRST

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TrustCo Bank Corp NY Pre-Tax Margin for the Trailing 12 Months (TTM) ending March 31, 2024: -6.06%

TrustCo Bank Corp NY Pre-Tax Margin is -6.06% for the Trailing 12 Months (TTM) ending March 31, 2024, a -111.43% change year over year. Pre-tax margin represents the proportion of a company's earnings before taxes (EBT) to its revenue. It is calculated by dividing the EBT by the revenue. This ratio indicates the profitability of the company's operations before the impact of taxes. A higher pre-tax margin suggests that the company generates a larger proportion of revenue as pre-tax profit, indicating stronger operational performance and efficiency.

TrustCo Bank Corp NY Pre-Tax Margin for the Trailing 12 Months (TTM) ending March 31, 2023 was 52.97%, a 2.68% change year over year.
TrustCo Bank Corp NY Pre-Tax Margin for the Trailing 12 Months (TTM) ending March 31, 2022 was 51.59%, a -1.58% change year over year.
TrustCo Bank Corp NY Pre-Tax Margin for the Trailing 12 Months (TTM) ending March 31, 2021 was 52.42%, a -18.34% change year over year.
TrustCo Bank Corp NY Pre-Tax Margin for the Trailing 12 Months (TTM) ending March 31, 2020 was 64.19%, a 11.59% change year over year.

NASDAQ: TRST

TrustCo Bank Corp NY

CEO	Mr. Robert Joseph McCormick
IPO Date	March 26, 1990
Location	United States
Headquarters	5 Sarnowski Drive, Glenville, NY, United States, 12302
Employees	761
Sector	Financial Services
Industry	Banks - regional

Description

TrustCo Bank Corp NY operates as the holding company for Trustco Bank, a federal savings bank that provides personal and business banking services to individuals and businesses. The company accepts deposits; and offers loans and investments. It also operates as a real estate investment trust that acquires, holds, and manages real estate mortgage assets, including residential mortgage loans and mortgage-backed securities. In addition, the company serves as the executor of estates and trustee of personal trusts; provides asset and wealth management, estate planning and related advice, and custodial services; and acts as trustee for various types of employee benefit plans, and corporate pension and profit-sharing trusts. It operates through banking offices in Albany, Columbia, Dutchess, Greene, Montgomery, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Schoharie, Ulster, Warren, Washington, and Westchester counties of New York; Brevard, Charlotte, Flagler, Hillsborough, Indian River, Lake, Manatee, Martin, Orange, Osceola, Palm Beach, Polk, Sarasota, Seminole, and Volusia counties in Florida; Bennington County in Vermont; Berkshire County in Massachusetts; and Bergen County in New Jersey, as well as automatic teller machines. The company was founded in 1902 and is headquartered in Glenville, New York.

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