TrustCo’s Total Loans Surpass $5 Billion – Reach All-Time High; Nonperforming Assets to Total Assets at 0.29%, Lowest in 17 Years
Executive Snapshot:
GLENVILLE, N.Y., Jan. 22, 2024 (GLOBE NEWSWIRE) —
TrustCo Bank Corp NY (TrustCo, NASDAQ:TRST) today announced full year 2023 net income of $58.6 million or $3.08 diluted earnings per share, compared to net income of $75.2 million or $3.93 diluted earnings per share for the full year 2022; and net income of $9.8 million or $0.52 diluted earnings per share for the three months ended December 31, 2023, compared to net income of $20.9 million or $1.10 diluted earnings per share for the three months ended December 31, 2022. Total loan growth increased on average by $309.9 million, or 6.6% for the fourth quarter 2023 over the same period in 2022.