Trustco Bank Corp Ny · NASDAQ:TRST
Trustco Bank Corp Ny — Shareholder Meeting (May 2008)
34 slides from Trustco Bank Corp Ny's shareholder meeting presentation, May 19, 2008
Slide 1: Welcome to the 2008 Annual Meeting
Welcome to the 2008 Annual Meeting
Slide 2: Shareholder Assembly Agenda
Shareholder Assembly Agenda • Stock Performance • Dividend Strategy • 2007 Review • Expansion Plans • Some Things To Be Proud Of • Questions and Answers
Slide 3: One Year Total Return on TrustCo Shares vs. Competitors
While our stock declined on a total return basis in 2007, we compare quite favorably to local competitors and national peer groups One Year Total Return on TrustCo Shares vs. Competitors Through December 31, 2007
Slide 4: Three Year Total Return on TrustCo Shares vs. Competitors
Three Year Total Return on TrustCo Shares vs. Competitors Through December 31, 2007
Slide 5: Five Year Total Return on TrustCo Shares vs. Competitors
Five Year Total Return on TrustCo Shares vs. Competitors Through December 31, 2007
Slide 6: Year Total Return Performance
Year Total Return Performance
Slide 7: Dividend Strategy
Dividend Strategy • Long Term Approach • Capital Needed to Support Growth • Excess Capital Should Be Returned To Shareholders
Slide 8: Total Net Income and Dividends Paid 2003-2007
Total Net Income and Dividends Paid 2003 - - 2007 Net Income = $253.4 million Dividends Paid = $230.8 Million
Slide 9: Bank Corp NY
Bank Corp NY 140.0% 120.0%. 2003 2004 2005 2006 2007 Quos
Slide 10: 2007 Dividend Payout Ratio TrustCo vs. Competitors
TrustCo vs. Competitors 2007 Dividend Payout Ratio
Slide 11: Dividend Yield TrustCo vs. Competitors
Dividend Yield TrustCo vs. Competitors (as of 5/7/2008)
Slide 12: Total Deposits
Total Deposits Deposits are up 25% since 2003, including 8% in 2007
Slide 13: Total Loans
Total Loans Loans are up 71% since 2003, including 10% growth in 2007
Slide 14: Sub-Prime Loans
Sub-Prime Loans • TrustCo Investment = $ 0.00
Slide 15: Extremely Strong Reserves to Loans
Extremely Strong Reserves to Loans Our Staying Power In This Very Difficult Environment Is Superior
Slide 16: Non-performing Assets To Total Assets
Non-performing Assets To Total Assets In-line With Locals And Much Better Than National Peers
Slide 17: 60.0%, 50.0% 40.0% 30.0% 20.0% 10.0% 0.0%. Bank Corp NY a .5% 2003 2004
60.0%, 50.0% 40.0% 30.0% 20.0% 10.0% 0.0%. Bank Corp NY a 45.5% 2003 2004 2008 2006 2007
Slide 18: Efficiency Ratio TrustCo vs. Competitors
Efficiency Ratio TrustCo vs. Competitors
Slide 19: 5.00% 4.50% 3.88% 350% 4.00%. 3.50%. 3.00% 2.00% 2003 2004 005 2006 2007
5.00% 4.50% 3.88% 350% 4.00%. 3.50%. 3.00% 2.00% 2003 2004 2005 2006 2007
Slide 20: Return on Average Assets
Return on Average Assets Our Profitability Remains Strong
Slide 21: Return on Average Assets TrustCo vs. Competitors
Return on Average Assets TrustCo vs. Competitors Profitability Remains Above Local And National Peers
Slide 22: Return on Average Equity TrustCo vs. Competitors
Return on Average Equity TrustCo vs. Competitors Profitability Remains Above Local And National Peers
Slide 23: Assets per Employee
6,000 2005 mmPeer Assets / Emp 2006 ——TrustCo Employees 2007 300 700 500 400 300 200
Slide 24: Deposits per Employee TrustCo vs. Competitors
Deposits per Employee TrustCo vs. Competitors
Slide 25: CEO Cash Compensation vs. Stock Price
CEO Cash Compensation vs. Stock Pr ice
Slide 26: Expansion Plans
Expansion Plans • New Branches • Growth
Slide 27: Continuing to Expand: Number of Offices
Continuing to Expand Number of Offices
Slide 28: Branches Pending and Opened in 2007
Branches Pending Florida Downstate Upstate New Jersey 16 4 1 1 Branches Opened in 2007 Allendale, Apopka, Ardsley, Bronxville, Crestwood Plaza, Curry Ford Road West, Goldenrod Road, Great Barrington, Lake Square, Lee, Lee Road, Monroe, Mt. Kisco, Peekskill, Schaghticoke, Winterhaven.
Slide 29: Strategy Payoff
STRATEGY PAYOFF Percentage of Total Deposit Growth Since 12/31/2005
Slide 30: Some Things To Be Proud Of
SOME THINGS TO BE PROUD OF:
Slide 31: WMHT Auction
WMHT Auction
Slide 32: Honors Received
Honors Received US Banker - - Top 200 Mid-Tier Banks Top 10 for the last four years SNL Financial - Top 100 Thrifts Top 15 last two years Bank Director - Top 150 Performers Top 20 in 2007
Slide 33: 2008 Annual Meeting Questions and Answers
2008 Annual Meeting Questions and Answers
Slide 34: Thank You for Attending
2008 Annual Meeting Thank You for Attending
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