TrustCo Historical Income Statement

TRST Stock

USD 36.42 0.23 0.64%

Historical analysis of TrustCo Bank income statement accounts such as EBITDA of 106.2 M, Total Operating Expenses of 99.2 M, Net Income of 39.1 M or Income Tax Expense of 17.4 M can show how well TrustCo Bank Corp performed in making a profits. Evaluating TrustCo Bank income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of TrustCo Bank's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining TrustCo Bank Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether TrustCo Bank Corp is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TrustCo Bank Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

About TrustCo Income Statement Analysis

TrustCo Bank Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to TrustCo Bank shareholders. The income statement also shows TrustCo investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

TrustCo Bank Income Statement Chart

At this time, TrustCo Bank's Other Operating Expenses is comparatively stable compared to the past year. Operating Income is likely to gain to about 102.5 M in 2024, whereas Income Tax Expense is likely to drop slightly above 17.4 M in 2024.

Interest Expense Other Operating Expenses Operating Income Ebit Ebitda Net Income

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of TrustCo Bank Corp. It is also known as TrustCo Bank overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from TrustCo Bank Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of TrustCo Bank Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in TrustCo Bank Corp financial statement analysis. It represents the amount of money remaining after all of TrustCo Bank Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most accounts from TrustCo Bank's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into TrustCo Bank Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TrustCo Bank Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

	2021	2022	2023	2024 (projected)
Operating Income	82.1M	95.3M	94.5M	102.5M
Other Operating Expenses	96.2M	2.0M	94.4M	99.2M

Operating Income Other Operating Expenses

TrustCo Bank income statement Correlations

	Interest Expense	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Depreciation And Amortization	Selling General Administrative	Total Revenue	Gross Profit	Income Before Tax	Total Other Income Expense Net	Selling And Marketing Expenses	Cost Of Revenue	Net Income From Continuing Ops	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation	Extraordinary Items
Interest Expense		0.62	0.43	0.28	0.32	0.42	0.26	0.1	0.51	0.37	0.39	0.18	0.22	0.37	0.08	-0.15	0.33	-0.36	0.45	0.75	0.4	0.77
Other Operating Expenses	0.62		0.5	0.43	0.45	-0.18	0.23	0.4	0.35	0.59	0.49	0.45	0.29	0.36	0.29	-0.51	0.06	-0.31	0.01	0.24	0.18	0.28
Operating Income	0.43	0.5		0.98	0.98	0.07	0.72	0.79	0.47	0.7	0.86	0.83	0.83	0.18	0.42	-0.77	0.51	-0.07	0.47	0.39	0.23	0.29
Ebit	0.28	0.43	0.98		0.99	-0.04	0.71	0.81	0.42	0.66	0.83	0.87	0.83	0.19	0.46	-0.78	0.46	-0.06	0.4	0.27	0.18	0.11
Ebitda	0.32	0.45	0.98	0.99		-0.03	0.78	0.8	0.51	0.73	0.88	0.9	0.88	0.25	0.4	-0.73	0.54	-0.11	0.45	0.33	0.29	0.14
Total Operating Expenses	0.42	-0.18	0.07	-0.04	-0.03		-0.06	-0.32	0.36	-0.31	-0.21	-0.39	-0.11	-0.27	-0.35	0.24	0.37	-0.13	0.69	0.67	0.37	0.84
Net Income	0.26	0.23	0.72	0.71	0.78	-0.06		0.51	0.68	0.87	0.89	0.84	0.96	0.41	-0.01	-0.31	0.86	-0.31	0.63	0.52	0.62	0.13
Income Tax Expense	0.1	0.4	0.79	0.81	0.8	-0.32	0.51		0.12	0.64	0.78	0.82	0.73	0.18	0.46	-0.85	0.12	0.41	0.03	-0.06	-0.09	-0.09
Depreciation And Amortization	0.51	0.35	0.47	0.42	0.51	0.36	0.68	0.12		0.56	0.53	0.44	0.59	0.42	-0.28	0.07	0.78	-0.56	0.76	0.74	0.95	0.49
Selling General Administrative	0.37	0.59	0.7	0.66	0.73	-0.31	0.87	0.64	0.56		0.94	0.89	0.87	0.48	0.09	-0.46	0.6	-0.19	0.37	0.38	0.48	0.09
Total Revenue	0.39	0.49	0.86	0.83	0.88	-0.21	0.89	0.78	0.53	0.94		0.95	0.94	0.37	0.26	-0.6	0.59	-0.09	0.4	0.37	0.37	0.13
Gross Profit	0.18	0.45	0.83	0.87	0.9	-0.39	0.84	0.82	0.44	0.89	0.95		0.92	0.4	0.36	-0.65	0.48	-0.09	0.25	0.16	0.27	-0.13
Income Before Tax	0.22	0.29	0.83	0.83	0.88	-0.11	0.96	0.73	0.59	0.87	0.94	0.92		0.37	0.11	-0.53	0.75	-0.1	0.55	0.42	0.48	0.09
Total Other Income Expense Net	0.37	0.36	0.18	0.19	0.25	-0.27	0.41	0.18	0.42	0.48	0.37	0.4	0.37		0.07	-0.04	0.3	-0.31	0.1	0.33	0.41	-0.08
Selling And Marketing Expenses	0.08	0.29	0.42	0.46	0.4	-0.35	-0.01	0.46	-0.28	0.09	0.26	0.36	0.11	0.07		-0.58	-0.33	0.13	-0.35	-0.31	-0.5	-0.25
Cost Of Revenue	-0.15	-0.51	-0.77	-0.78	-0.73	0.24	-0.31	-0.85	0.07	-0.46	-0.6	-0.65	-0.53	-0.04	-0.58		0.0	-0.24	0.07	0.09	0.31	0.02
Net Income From Continuing Ops	0.33	0.06	0.51	0.46	0.54	0.37	0.86	0.12	0.78	0.6	0.59	0.48	0.75	0.3	-0.33	0.0		-0.44	0.9	0.79	0.81	0.44
Tax Provision	-0.36	-0.31	-0.07	-0.06	-0.11	-0.13	-0.31	0.41	-0.56	-0.19	-0.09	-0.09	-0.1	-0.31	0.13	-0.24	-0.44		-0.31	-0.44	-0.57	-0.19
Net Interest Income	0.45	0.01	0.47	0.4	0.45	0.69	0.63	0.03	0.76	0.37	0.4	0.25	0.55	0.1	-0.35	0.07	0.9	-0.31		0.89	0.77	0.68
Interest Income	0.75	0.24	0.39	0.27	0.33	0.67	0.52	-0.06	0.74	0.38	0.37	0.16	0.42	0.33	-0.31	0.09	0.79	-0.44	0.89		0.75	0.8
Reconciled Depreciation	0.4	0.18	0.23	0.18	0.29	0.37	0.62	-0.09	0.95	0.48	0.37	0.27	0.48	0.41	-0.5	0.31	0.81	-0.57	0.77	0.75		0.45
Extraordinary Items	0.77	0.28	0.29	0.11	0.14	0.84	0.13	-0.09	0.49	0.09	0.13	-0.13	0.09	-0.08	-0.25	0.02	0.44	-0.19	0.68	0.8	0.45

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TrustCo Bank Account Relationship Matchups

TrustCo Bank income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	36.3M	24.7M	7.6M	6.5M	54.4M	34.0M
Other Operating Expenses	97.9M	101.3M	96.2M	2.0M	94.4M	99.2M
Operating Income	76.5M	69.4M	82.1M	95.3M	94.5M	102.5M
Ebit	76.5M	69.4M	82.1M	99.4M	77.6M	102.1M
Ebitda	86.5M	79.6M	92.7M	110.0M	88.4M	106.2M
Total Operating Expenses	(97.9M)	(101.3M)	(96.2M)	2.0M	94.4M	99.2M
Net Income	57.8M	52.5M	61.5M	75.2M	58.6M	39.1M
Income Tax Expense	18.7M	17.0M	20.6M	24.2M	19.0M	17.4M
Depreciation And Amortization	9.9M	10.1M	10.6M	10.6M	10.8M	11.3M
Selling General Administrative	56.0M	55.6M	60.1M	49.1M	55.5M	34.9M
Total Revenue	174.4M	170.8M	178.3M	189.9M	190.2M	137.0M
Gross Profit	174.4M	170.8M	178.3M	189.9M	146.1M	139.1M
Income Before Tax	76.5M	69.4M	82.1M	99.4M	77.6M	63.1M
Total Other Income Expense Net	76.5M	(10.6M)	(12.1M)	(13.6M)	(16.9M)	(17.7M)
Selling And Marketing Expenses	2.5M	1.9M	2.0M	2.0M	1.9M	2.5M
Net Income Applicable To Common Shares	57.8M	52.5M	61.5M	75.2M	86.5M	51.3M
Net Income From Continuing Ops	57.8M	52.5M	61.5M	75.2M	69.7M	55.9M
Tax Provision	18.7M	17.0M	20.6M	24.2M	22.5M	18.2M
Net Interest Income	155.8M	153.6M	160.4M	180.1M	182.4M	175.6M
Interest Income	192.1M	178.3M	168.0M	186.6M	219.7M	197.4M
Reconciled Depreciation	9.9M	10.2M	10.6M	10.6M	10.6M	9.4M

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TrustCo Historical Income Statement

About TrustCo Income Statement Analysis

TrustCo Bank Income Statement Chart

Interest Expense

Other Operating Expenses

Operating Income

Net Income

TrustCo Bank income statement Correlations

TrustCo Bank Account Relationship Matchups

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TrustCo Bank income statement Accounts

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Ebitda	+ 0.99	Ebit
Ebit	+ 0.98	Operating Income
Ebitda	+ 0.98	Operating Income
Income Before Tax	+ 0.96	Net Income
Reconciled Depreciation	+ 0.95	Depreciation And Amortization
Gross Profit	+ 0.95	Total Revenue

Cost Of Revenue	- 0.85	Income Tax Expense
Cost Of Revenue	- 0.78	Ebit
Cost Of Revenue	- 0.77	Operating Income
Cost Of Revenue	- 0.73	Ebitda
Cost Of Revenue	- 0.65	Gross Profit
Cost Of Revenue	- 0.6	Total Revenue