TrustCo Bank Corp NY (TRST) Income Statement
TRST 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTRST revenue and net income
Where TRST's revenue goes
2025Each bar shows an amount and its share of revenue. TRST kept 22.0% of revenue as net income.
TRST profit margins
TRST growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.8% | +10.6% | +7.3% | +4.6% |
| Gross profit | +10.0% | −2.2% | +2.5% | +1.7% |
| Operating income | +26.8% | −6.5% | +3.2% | +2.0% |
| Net income | +25.2% | −6.7% | +3.1% | +3.8% |
| EPS (diluted) | +26.5% | −6.1% | +3.5% | +3.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TRST quarterly EPS vs estimates
TrustCo Bank Corp NY beat the analyst EPS estimate in 4 of the last 5 quarters. Next report: October 21, 2026.
TRST income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $278.3M | $263.1M | $244.5M | $205.9M | $185.9M | $195.5M | $210.7M | $199.0M | $187.3M | $180.4M |
| Cost of revenue | $91.6M | $93.4M | $55.6M | $6.1M | $2.1M | $30.3M | $36.5M | $21.6M | $16.6M | $18.3M |
| Gross profit | $186.7M | $169.8M | $188.9M | $199.7M | $183.8M | $165.2M | $174.4M | $177.4M | $170.7M | $162.1M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $65.3M | $54.1M | $57.4M | $51.1M | $53.7M | $49.8M | $50.9M | $47.9M | $47.4M | $45.0M |
| Total operating expenses | $105.5M | $105.7M | $111.3M | $100.3M | $101.7M | $95.7M | $97.7M | $97.7M | $94.0M | $93.8M |
| Operating income | $81.2M | $64.0M | $77.6M | $99.4M | $82.1M | $69.4M | $76.5M | $79.7M | $76.7M | $68.3M |
| Interest income | $259.4M | $243.3M | $219.7M | $186.6M | $168.0M | $178.3M | $192.1M | $180.9M | $169.0M | $161.4M |
| Interest expense | $90.4M | $91.4M | $54.4M | $6.5M | $7.6M | $24.7M | $36.3M | $20.2M | $14.6M | $15.3M |
| Income before taxes | $80.8M | $64.0M | $77.6M | $99.4M | $82.1M | $69.4M | $76.5M | $79.7M | $76.7M | $68.3M |
| Income taxes | $19.7M | $15.2M | $19.0M | $24.2M | $20.6M | $17.0M | $18.7M | $18.2M | $33.6M | $25.7M |
| Net income | $61.1M | $48.8M | $58.6M | $75.2M | $61.5M | $52.5M | $57.8M | $61.4M | $43.1M | $42.6M |
| EBITDA | $92.7M | $75.5M | $88.4M | $110.0M | $92.7M | $79.6M | $86.5M | $83.8M | $80.6M | $72.3M |
| EPS (diluted) | $3.25 | $2.57 | $3.08 | $3.93 | $3.20 | $2.73 | $2.99 | $3.19 | $2.50 | $2.22 |
| Gross margin | 67.1% | 64.5% | 77.3% | 97.0% | 98.9% | 84.5% | 82.8% | 89.1% | 91.1% | 89.9% |
| Operating margin | 29.2% | 24.3% | 31.7% | 48.3% | 44.2% | 35.5% | 36.3% | 40.0% | 41.0% | 37.9% |
| Net margin | 22.0% | 18.6% | 24.0% | 36.5% | 33.1% | 26.8% | 27.4% | 30.9% | 23.0% | 23.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $29.2M | $71.0M | $70.5M | $70.7M | $69.3M | $67.8M | $66.3M | $66.0M | $66.2M | $64.5M | $63.1M | $62.1M |
| Cost of revenue | $22.5M | $22.5M | $22.4M | $23.2M | $23.4M | $22.7M | $23.4M | $22.9M | $23.3M | $23.7M | $21.4M | $15.4M |
| Gross profit | $6.7M | $48.5M | $48.2M | $47.6M | $45.9M | $45.0M | $42.9M | $43.1M | $42.9M | $40.8M | $41.7M | $46.7M |
| Sales, general & admin | $22.8M | $18.8M | $24.5M | $14.1M | $13.3M | $13.4M | $13.8M | $13.6M | $13.8M | $12.9M | $13.9M | $14.1M |
| Total operating expenses | $28.3M | $26.9M | $26.7M | $26.2M | $26.2M | $26.3M | $28.2M | $26.2M | $26.5M | $24.9M | $28.8M | $27.5M |
| Operating income | −$21.6M | $21.6M | $21.5M | $21.3M | $19.7M | $18.7M | $14.7M | $16.9M | $16.5M | $15.9M | $12.9M | $19.2M |
| Interest income | $67.7M | $66.2M | $66.1M | $66.0M | $64.5M | $62.8M | $61.9M | $61.1M | $60.6M | $59.8M | $58.6M | $57.6M |
| Interest expense | $22.1M | $21.5M | $22.4M | $22.9M | $22.7M | $22.4M | $23.0M | $22.4M | $22.8M | $23.2M | $20.0M | $15.3M |
| Income before taxes | $22.5M | $21.6M | $21.1M | $21.3M | $19.7M | $18.7M | $14.7M | $16.9M | $16.5M | $15.9M | $12.9M | $19.2M |
| Income taxes | $5.6M | $5.3M | $5.5M | $5.1M | $4.7M | $4.4M | $3.5M | $4.0M | $3.9M | $3.8M | $3.1M | $4.6M |
| Net income | $17.0M | $16.3M | $15.6M | $16.3M | $15.0M | $14.3M | $11.3M | $12.9M | $12.6M | $12.1M | $9.8M | $14.7M |
| EBITDA | −$18.7M | $24.5M | $24.4M | $24.2M | $22.6M | $21.5M | $18.0M | $19.6M | $19.2M | $18.7M | $15.7M | $21.9M |
| EPS (diluted) | $0.98 | $0.91 | $0.85 | $0.86 | $0.79 | $0.75 | $0.59 | $0.68 | $0.66 | $0.64 | $0.52 | $0.77 |
| Gross margin | 23.0% | 68.4% | 68.3% | 67.2% | 66.3% | 66.5% | 64.7% | 65.3% | 64.8% | 63.3% | 66.1% | 75.2% |
| Operating margin | −74.1% | 30.4% | 30.4% | 30.1% | 28.5% | 27.6% | 22.2% | 25.6% | 24.9% | 24.7% | 20.4% | 31.0% |
| Net margin | 58.1% | 22.9% | 22.1% | 23.0% | 21.7% | 21.1% | 17.0% | 19.5% | 18.9% | 18.8% | 15.6% | 23.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TRST's financial statements (latest annual report filed March 16, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TRST financial results
In fiscal year 2025 (ended December 31, 2025), TrustCo Bank Corp NY reported revenue of $278.3 million, up 5.8% from the year before. It had net income of $61.1 million (up 25.2%), a net profit margin of 22.0%. Diluted earnings per share came to $3.25. Over five years revenue grew at an average rate of 7.3% a year.
See the TRST stock overview for the latest quote and news, or the TRST chart for price history and technical indicators.
TRST income statement FAQ
What is TrustCo Bank Corp NY's annual revenue?
TrustCo Bank Corp NY reported total revenue of $278.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 5.8% from $263.1 million the previous year.
Is TrustCo Bank Corp NY profitable?
Yes. TrustCo Bank Corp NY reported net income of $61.1 million in fiscal 2025, a net profit margin of 22.0%; its operating margin was 29.2%.
What is TrustCo Bank Corp NY's gross margin?
TrustCo Bank Corp NY's gross margin was 67.1% in fiscal 2025: for every $100 of revenue, TrustCo Bank Corp NY kept $67 after the direct cost of its products and services.
How fast is TrustCo Bank Corp NY growing?
Revenue grew 7.3% a year on average over the last five fiscal years, from $195.5 million to $278.3 million.
What are TrustCo Bank Corp NY's earnings per share?
TrustCo Bank Corp NY earned $3.25 per diluted share in fiscal 2025, compared with $2.57 a year earlier.
When will TrustCo Bank Corp NY report its next earnings?
TrustCo Bank Corp NY is expected to report results for the quarter ending September 30, 2026 on October 21, 2026 after the market closes.
When does TrustCo Bank Corp NY's fiscal year end?
TrustCo Bank Corp NY's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 16, 2026.