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

TrustCo Bank NY

22/04/2024 22:01

* TrustCo Bank Corp NY  TRST.OQ  reported quarterly adjusted
earnings of 64 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 93 cents.  The lone analyst forecast for the quarter was
for earnings of 60 cents per share. 
    * Revenue fell 19.8% to $41.42 million from a year ago;
analysts
expected $43.13 million. 
    * TrustCo Bank Corp NY's reported EPS for the quarter was 64
cents​.
    * The company reported quarterly net income of $12.13
million.
    * TrustCo Bank Corp NY shares had fallen by 4.4% this
quarter and
lost 13.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for TrustCo
Bank Corp
NY is $26.00 

This summary was machine generated from LSEG data April 22 at
09:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.60           0.64           Beat
 Dec. 31 2023      0.66           0.52           Missed
 Sep. 30 2023      0.76           0.77           Beat
 Jun. 30 2023      0.85           0.86           Beat