TrustCo Bank Corp NY (TRST) financial statements (2021 and earlier)

Company profile

Business Address 6 METRO PARK ROAD
ALBANY, NY 12205
State of Incorp. NY
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,107 504613707718
Cash and cash equivalents1,107 504613707718
Total current assets:1,107 504613707718
Noncurrent Assets
Operating lease, right-of-use asset48 
Property, plant and equipment34 35353538
Assets held-in-trust   66 
Total noncurrent assets:82 35414138
Other undisclosed assets4,712 4,4214,2554,1203,979
TOTAL ASSETS:5,902 4,9594,9084,8694,735
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt215 162243209191
Total current liabilities:215 162243209191
Noncurrent Liabilities
Other undisclosed liabilities5,119 4,3074,2074,2274,130
Total liabilities:5,334 4,4694,4504,4364,322
Stockholders' equity
Stockholders' equity attributable to parent568 490458433413
Common stock100 1001009999
Treasury stock, value(34) (33)(35)(33)(36)
Additional paid in capital176 177176171171
Accumulated other comprehensive income (loss)12 (10)(2)(6)(5)
Retained earnings314 256219202184
Total stockholders' equity:568 490458433413
TOTAL LIABILITIES AND EQUITY:5,902 4,9594,9084,8694,735

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues166 158166144142
Net investment income166 158148144142
Cost of revenue(6) (1)(2)(3)(4)
Provision for loan, lease, and other losses(6) (1)
Financial services costs(2)(3)(4)
Gross profit:160 157164141138
Operating expenses(25) (27)(67)  
Operating income:135 13097141138
Interest and debt expense(25) (20)(15)(15)(16)
Other undisclosed loss from continuing operations before equity method investments, income taxes(41) (30)(5)(57)(55)
Income from continuing operations before income taxes:69 80776867
Income tax expense(17) (18)(34)(26)(25)
Net income available to common stockholders, diluted:52 61434342

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:52 61434342
Other comprehensive income (loss)3 (6)41(0)
Comprehensive income:56 56474442
Other undisclosed comprehensive income (loss), net of tax, attributable to parent4 (1)1(3) 
Comprehensive income, net of tax, attributable to parent:60 54484142

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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