Trustco Bank Corp Ny · NASDAQ:TRST
Trustco Bank Corp Ny — Shareholder Meeting (May 2023)
18 slides from Trustco Bank Corp Ny's shareholder meeting presentation, May 22, 2023
Slide 1: 2023 Annual Meeting of Shareholders
TrustCo Bank COrp ny2023 Annual meeting of Shareholders Robert J. McCormick, Chairman, President, and CEO
Slide 2: Agenda
Agenda Remarks by the President Shareholder Questions and Comments Adjournment TrustCo Bank Corp NY Annual Meeting 2023
Slide 3: TrustCo Celebrated its 40 Year Listing Anniversary with Nasdaq
3 TrustCo Celebrated its 40 Year Listing Anniversary with Nasdaq on April 18, 2023 *Source: Bloomberg
Slide 4: Effect of 1-for-5 Reverse Stock Split
Effect of 1-for-5 Reverse Stock SplitImplemented May 28, 2021 TRST Share Price leading up to reverse split: TRST Share Price steadies post-reverse split: TrustCo Bank Corp NY Annual Meeting 2023 4 Greater Volatility Greater Stability
Slide 5: Total Return Before and After Reverse Split
TrustCo Bank Corp NY Total Return Before and After Reverse Split TrustCo Bank Corp NY Annual Meeting 2023 5 *Time periods shown are the 19 months leading up to, and following, the reverse stock split implemented May 28, 2021. Source: Bloomberg
Slide 6: TrustCo's Dividend Increases
TrustCo's Dividend Increases TrustCo Bank Corp NY Annual Meeting 2023 6 *Increases shown are a percent change from prior amount. Source: Blooomberg
Slide 7: Performance versus Peer Group: Return on Average Assets
Performance versus our Peer Group:Return on Average Assets: 77th Percentile TrustCo Bank Corp NY Annual Meeting 2023 7 TRST = 1.22 Top 77th percentile *Time period measured 1/1/2022 – 12/31/2022
Slide 8: Performance versus Peer Group: Efficiency Ratio
Performance versus our Peer Group:Efficiency Ratio*: 78th percentile TrustCo Bank Corp NY Annual Meeting 2023 8 TRST = 50.22 Top 78th percentile *Efficiency ratio is a non-GAAP financial measure. A reconciliation of TRST’s efficiency ratio is included at the end of the presentation. *Time period mea
Slide 9: Performance versus Peer Group: Tier 1 Risk Based Capital
Performance versus our Peer Group:Tier 1 Risk Based Capital: 100th Percentile TrustCo Bank Corp NY Annual Meeting 2023 9 TRST = 18.93 100th percentile *Time period measured 1/1/2022 – 12/31/2022
Slide 10: Performance versus Peer Group: Total Shareholder Return
Performance versus our Peer Group:Total Shareholder Return: 95th percentile TrustCo Bank Corp NY Annual Meeting 2023 10 TRST = 13.85% 95th percentile *Time period measured 1/1/2022 – 12/31/2022
Slide 11: Share Price Compared to Peer Group and S&P 500 Index
TrustCo Bank Corp NY's Share Price As Compared to its Peer Group and The S&P 500 Index TrustCo Bank Corp NY Annual Meeting 2023 11
Slide 12: Earnings Over Time
Earnings Over Time TrustCo Bank Corp NY Annual Meeting 2023 12 *$ in thousands
Slide 13: Loan Growth: Steady Increases Each Year
Loan Growth: Steady Increases Each Year TrustCo Bank Corp NY Annual Meeting 2023 13 Over a 100% increase in loan growth since 2010 *$ in thousands
Slide 14: Total Assets
Total Assets TrustCo Bank Corp NY Annual Meeting 2023 14 Total assets grew 52% from 2010 through 2022 *$ in thousands
Slide 15: Deposit Growth
Deposit Growth TrustCo Bank Corp NY Annual Meeting 2023 15 *$ in thousands
Slide 16: 2022 Highlights in the Community
2022 Highlights in the Community Run For Freedom 5K Earth Day Cleanup Casselberry and Halfmoon Hurricane Ian Kentucky Flooding Regional Food Bank Capital Roots Ronald McDonald House Joseph’s House Stickball Workforce Challenge – 2nd Place for Participation TrustCo Bank Corp NY Annual Meeting 2023 16
Slide 17: Non-GAAP Financial Measures Reconciliation
Non-GAAP Financial Measures Reconciliation 17 TrustCo Bank Corp NY Annual Meeting 2023 Efficiency Ratio As of December 31, 2022 As of December 31, 2021 Net Interest Income (Taxable Equivalent)(Non-GAAP) $180,136 $160,409 Non-interest income (GAAP) 19,260 17,937 Less: Net gain on securities - - Less:
Slide 18: Thank You For Attending!
Thank You For Attending! TrustCo Bank Corp NY 5 Sarnowski Drive Glenville, NY 12302 TrustCo Bank Corp NY Annual Meeting 2023 18
Trustco Bank Corp N Y — Shareholder Meeting (May 2023) on 6ix