TRST

Trustco Bank

Fundamental data last updated:April 13, 2026

We may earn a commission from partner links. This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate.

company profile

SECTOR

Financial Services

industry

Banks - Regional

Exchange

Nasdaq

County of HQ

United States

Next Earnings Date

04/20/26

Business Summary

Trustco Bank operates as a traditional regional banking franchise, generating revenue primarily through net interest income from lending activities and deposit gathering across its local footprint. Its core model relies on originating residential and consumer loans, funding them with customer deposits, and capturing the spread between asset yields and funding costs. The moat is relationship-driven and geographically anchored, built on local brand trust and long-standing customer ties rather than scale dominance. Cash generation depends on disciplined underwriting and maintaining margin stability, which is reflected in its 8.90% operating margin and strong 21.00% ROIC, assuming credit quality remains intact.

 


Analyze TRST on TradingView

VALUATION

P/E

14.3

Market Cap ($M USD)

$812

Forward P/E

-

PEG

-

PRICE TO SALES

4.6

PRICE TO BOOK

1.2

EV / EBITDA

-

5-Year Average P/E

Free Cash Flow Yield

DCF Value

Graham Number

Price to FCF

EV to FCF

Earnings Yield

FCF Yield

DIVIDEND

Yield

3.20%

Annual Payout

$1.52

Payout Ratio

45.40%

Consecutive Years of Dividend Growth

1

5-Year Dividend Growth Rate

2.20%

Financial Health & Profitability

Earnings Per Share

$3.26

Next Year EPS Growth Estimate

-

Next Year Revenue Growth Estimate

-

Return on Equity (ROE)

8.90%

FREE CASH FLOW

Operating Margin

43.90%

Debt-to-Equity

0.1

Piotroski F-Score

6

Altman Z-Score

0.3

Return on Invested Capital (ROIC)

21.00%

Current Ratio

-

Quick Ratio

Net Debt to EBITDA

Interest Coverage

Gross Profit margin

FCF PER SHARE

REVENUE PER SHARE

Analyze TRST on TradingView

Gainseekers Quantitative Analysis

Summary

TRST screens as a statistically cheap but financially fragile regional bank. A 14.3 P/E with a 1.2 Price/Book suggests the market is not pricing in aggressive growth, yet the absence of a Forward P/E and PEG ratio signals limited forward visibility and possibly muted analyst conviction. The real red flag is the Altman Z-Score of 0.3, which is deep in distress territory and cannot be ignored in a leveraged financial institution. While ROIC at 21.00% is impressive, the balance sheet risk implied by the Z-score heavily offsets any valuation comfort, making this more of a balance-sheet bet than a growth story.

AI Exposure / Tech Reliance

As a regional bank in Financial Services, TRST’s AI exposure is indirect and efficiency-driven rather than transformative. Banks that integrate AI into underwriting, fraud detection, and customer acquisition can widen operating margins beyond the current 8.90%. However, smaller regional institutions typically lack the scale advantages of national banks, meaning tech adoption is more defensive than disruptive.

The Bull Case

A disciplined value or GARP investor could argue that the market is underappreciating TRST’s capital efficiency. A 21.00% ROIC is elite-level for a regional bank and, paired with a Piotroski F-Score of 6, indicates fundamentally stable operations rather than deterioration. Trading at 1.2x book with a 14.3 P/E, the stock is not priced for perfection, and the 8.90% operating margin demonstrates underlying profitability despite sector headwinds. Institutional ownership at $26.00 suggests some professional sponsorship, and the low Short % of Float at 2.20% implies limited bearish conviction. For a deep value investor willing to tolerate balance sheet risk, this setup could represent a mispriced cash-generating franchise.

The Bear Case

The bear case is dominated by structural risk. An Altman Z-Score of 0.3 is a glaring distress signal, especially in a leveraged industry where confidence and liquidity are paramount. Debt/Equity at 43.90% reinforces that this is not a conservatively structured balance sheet, and the lack of Forward P/E, PEG Forward, Sales Growth Next Year, and Return on Equity metrics suggests limited growth visibility. The TTM Yield of 0.1 alongside a Dividend Per Share of 3.20% and Payout Ratio of $1.52 presents unclear capital allocation optics, while a Mean Consensus Target Price of 5 relative to current valuation metrics signals potential downside expectations. This is not a clean compounding story—it is a balance sheet risk wrapped in a modest valuation.

Market Sentiment & Smart Money

Short Interest %

4.20%

Analyst Consensus

5

Average Analyst Price Target

$26.00

Institutional Ownership %

82.90%

1-Year Beta

0.74

Insider Buying % (6 Mo)

3.60%%

Distance to 52-Week High

95.80%

Distance to 52-Week Low

170.80%

EARNINGS SURPRISE %

50-DAY SMA

200-DAY SMA

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.