TrustCo Bank Corp NY reports results for the quarter ended in June - Earnings Summary

TrustCo Bank NY

24/07/2023 22:01

* TrustCo Bank Corp NY  TRST.OQ  reported quarterly adjusted
earnings of 86 cents​​ per share for the quarter ended in June.
The lone analyst forecast for the quarter was for earnings of 85
cents per share.
    * Revenue rose 1.4% to $48.65 million from a year ago;
analysts
expected $49.58 million. 
    * TrustCo Bank Corp NY's reported EPS for the quarter was 86
cents​.
    * The mean earnings estimate of analysts had fallen by
about 19%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * TrustCo Bank Corp NY shares had risen by 5.2% this
quarter and
lost 19.9% so far this year.
    * The company reported quarterly net income of $16.37
million.
    * Wall Street's median 12-month price target for TrustCo
Bank Corp
NY is $26.00 
    * The current average analyst rating on the shares is "sell"
and
the breakdown of recommendations is no "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
24 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.85           0.86           Beat
 Mar. 31 2023      1.02           0.93           Missed
 Dec. 31 2022      0.99           1.10           Beat
 Sep. 30 2022      0.88           1.01           Beat