TrustCo Bank Corp NY will release Q4 2024 results on January 21, 2025, with a conference call on January 22.
Quiver AI Summary
TrustCo Bank Corp NY announced that it will release its fourth quarter 2024 financial results after the market closes on January 21, 2025, with a conference call scheduled for January 22, 2025, at 9:00 a.m. ET. Participants can join the call using specific toll-free numbers for the U.S. and Canada, and it will also be available via audio webcast. A replay will be accessible for thirty days following the call. TrustCo, which operates through its subsidiary Trustco Bank and has 136 offices across several states, emphasizes that the earnings press release and other relevant information can be found on its Investor Relations website. The company also includes a caution regarding the risks related to forward-looking statements made in the release.
Potential Positives
- TrustCo Bank Corp NY is set to release its fourth quarter 2024 financial results, indicating transparency and ongoing communication with investors.
- A conference call is scheduled for January 22, 2025, allowing investors and stakeholders to engage directly with the company's management.
- The company provides multiple avenues for accessing its earnings call, including a toll-free number and an audio webcast, enhancing accessibility for investors.
- TrustCo's substantial size, with $6.1 billion in assets and 136 offices across multiple states, highlights its significant presence in the banking sector.
Potential Negatives
- TrustCo Bank Corp NY issues a cautionary note regarding the uncertainty of its forward-looking statements, indicating potential volatility in financial markets and operational risks that could materially affect future results.
- The reliance on forward-looking statements highlights a lack of certainty about the company's performance, which may lead to investor skepticism or concern.
- The wide range of risk factors mentioned, including global conflicts and U.S. economic challenges, suggests vulnerabilities in the company's outlook.
FAQ
When will TrustCo Bank release its fourth quarter 2024 results?
TrustCo Bank will release its fourth quarter 2024 results after market close on January 21, 2025.
How can I participate in the TrustCo earnings conference call?
To participate, call 1-833-470-1428 for the US or 1-833-950-0062 for Canada on January 22, 2025, at 9:00 a.m. ET.
Where can I find the earnings press release?
The earnings press release will be available on TrustCo's Investor Relations website at https://trustcobank.q4ir.com.
Is there a replay available for the conference call?
Yes, a replay will be available for thirty days by calling 1-866-813-9403, Access code 619481.
What is TrustCo Bank's stock symbol?
TrustCo Bank's common shares are traded on NASDAQ under the symbol TRST.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TRST Hedge Fund Activity
We have seen 68 institutional investors add shares of $TRST stock to their portfolio, and 55 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SYSTEMATIC FINANCIAL MANAGEMENT LP added 161,001 shares (+17.0%) to their portfolio in Q3 2024
- CRAMER ROSENTHAL MCGLYNN LLC removed 124,671 shares (-100.0%) from their portfolio in Q3 2024
- VERITION FUND MANAGEMENT LLC added 75,594 shares (+35.2%) to their portfolio in Q3 2024
- AQR CAPITAL MANAGEMENT LLC removed 56,843 shares (-18.7%) from their portfolio in Q3 2024
- AMERICAN CENTURY COMPANIES INC added 41,311 shares (+12.5%) to their portfolio in Q3 2024
- MORGAN STANLEY added 40,843 shares (+26.7%) to their portfolio in Q3 2024
- ROYCE & ASSOCIATES LP removed 39,272 shares (-13.1%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
GLENVILLE, N.Y., Jan. 10, 2025 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release fourth quarter 2024 results after the market close on January 21, 2025. Results are released on the 21 st of the reporting months (January, April, July and October), or on the next day that equity markets are open if the 21 st falls on a Friday, weekend or holiday. A conference call to discuss the results will be held at 9:00 a.m. Eastern Time on January 22, 2025. Those wishing to participate in the call may dial toll-free for the United States at 1-833-470-1428, and for Canada at 1-833-950-0062, Access code 645488. A replay of the call will be available for thirty days by dialing toll-free for the United States at 1-866-813-9403, Access code 619481.
The call will also be audio webcast at https://events.q4inc.com/attendee/773359679 , and will be available for one year. The earnings press release will be posted on the Company’s Investor Relations website at: https://trustcobank.q4ir.com/corporate-overview/corporate-profile/default.aspx . Other information, including the Company’s most recent annual report, proxy statement and filings with the Securities and Exchange Commission can also be found at this website.
TrustCo Bank Corp NY is a $6.1 billion savings and loan holding company and through its subsidiary, Trustco Bank, operates 136 offices in New York, New Jersey, Vermont, Massachusetts, and Florida. For more information, visit www.trustcobank.com .
In addition, the Bank’s Wealth Management Department offers a full range of investment services, retirement planning and trust and estate administration services.
The common shares of TrustCo are traded on The NASDAQ Global Select Market under the symbol T RST .
Forward-Looking Statements
All statements in this news release that are not historical are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future developments, results or periods. TrustCo wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made, and such forward-looking statements are subject to factors and uncertainties that could cause actual results to differ materially for TrustCo from the views, beliefs and projections expressed in such statements. Examples of these include, but are not limited to: volatility in financial markets and the soundness of other financial institutions; U.S. government shutdowns, credit rating downgrades, or failure to increase the debt ceiling; changes in interest rates; the effects of inflation and inflationary pressures and changes in monetary and fiscal policies and laws, including changes in the Federal funds target rate by, and interest rate policies of, the Federal Reserve Board; ongoing armed conflicts (including the Russia/Ukraine conflict and the conflict in Israel and surrounding areas); the risks and uncertainties under the heading “Risk Factors” in our most recent annual report on Form 10-K and, if any, in our subsequent quarterly reports on Form 10-Q; the other financial, operational and legal risks and uncertainties detailed from time to time in TrustCo’s cautionary statements contained in its filings with the Securities and Exchange Commission; and the effect of all of such items on our operations, liquidity and capital position, and on the financial condition of our borrowers and other customers. The forward-looking statements contained in this news release represent TrustCo management’s judgment as of the date of this news release. TrustCo disclaims, however, any intent or obligation to update forward-looking statements, either as a result of future developments, new information or otherwise, except as may be required by law.
Subsidiary: Trustco Bank NASDAQ -- TRST
| Contact: | Robert Leonard | |
| Executive Vice President | ||
| (518) 381-3693 |