Trustco Bank Corp Ny · NASDAQ:TRST
Trustco Bank Corp Ny — Shareholder Meeting (May 2024)
12 slides from Trustco Bank Corp Ny's shareholder meeting presentation, May 23, 2024
Slide 1: TrustCo Bank Corp NY 2024 Annual Meeting of Shareholders
TrustCo Bank Corp NY2024 annual meeting of shareholders Robert J. McCormick Chairman, President, and CEO
Slide 2: Company Profile
TrustCo Bank Corp NY 2 Company Profile Assets: $6.2bn Gross Loans: $5.01bn Deposits: $5.4bn Q1 2024 Financial Highlights Company Overview Headquarters Glenville, NY Founded 1902 Ticker NASDAQ: TRST Market Cap(1) 524m Branches(2) 139 Employees 808 Institutional Ownership 68.71% Leadership: Chairman,
Slide 3: Longevity of our Branches
Longevity of our Branches Mont Pleasant, NY Brandywine, NY Upper Union, NY Mayfair, NY Troy, NY 122 Years Strong Main Office: 1902
Slide 4: Q1 2024 Performance Highlights
4 Q1 2024 Performance Highlights 2.44% Net Interest Margin (YTD) 5.2% Loan Growth (since Q1 2023) 0.37% NPLs to Total Loans $34.12 Book Value Quarterly loan growth of $130.6 million, or 2.7%, year over year loan growth of $249.4 million, or 5.2%. Loan portfolio continues to reach new highs, quarter
Slide 5: Consistent, Organic, Loan Growth
Consistent, Organic, Loan Growth 5 5.5% annualized growth since 2010, and an 5.2% increase since the first quarter of 2023 TrustCo Bank Corp NY Annual Meeting 2024
Slide 6: Consistently Strong Credit Quality Compared to Peers
Consistently Strong Credit Quality Compared to Peers Source: S&P Capital IQ 6 Net Charge-Offs (Recoveries) / Average Loans TrustCo booked another quarter of net recoveries in the first quarter of 2024. This follows a trend of seven consecutive quarters of net recoveries from 2022 – 2023. 1 See slide
Slide 7: Strong Capital Levels Compared to Peers
As of December 31, 2023 TrustCo Bank Corp NY 7 Strong Capital Levels Compared to Peers Common Equity Tier 1 Ratio: TRST consistently outranks its peer group in strength of Capital (%) TrustCo Bank Corp NY Annual Meeting 2024
Slide 8: Reliable Dividends Paid to our Shareholders Since 1904
TrustCo Bank Corp NY Annual Meeting 2024 8 Increases shown are a percent change from prior amount. Source: Blooomberg Reliable Dividends Paid to our Shareholders Since 1904 $755 million paid in dividends to shareholders since 2000 TRST’s dividend yield ranks in the top 90th percentile of its peer gr
Slide 9: TrustCo in the Community
TrustCo in the Community TrustCo Bank Corp NY Annual Meeting 2024 9 The Schenectady Foundation’s 60th Anniversary Honoring Trustco Bank’s Home Town Heroes Regional Food Bank of NENY FHA Loan Closing Joseph’s House and Shelter (Troy, NY) Habitat for Humanity
Slide 10: Questions? Thank you for Attending
Questions? 10 Thank you for Attending
Slide 11: Peer Group
11 Peer Group Institution Ticker City State Arrow Financial Corp. AROW Glens Falls NY BCB Bancorp Inc. BCBP Bayonne NJ Capital City Bank Group Inc. CCBG Tallahassee FL CNB Financial CCNE Clearfield PA ConnectOne Bancorp Inc. CNOB Englewood Cliffs NJ Financial Institutions Inc. FISI Warsaw NY First C
Slide 12: Appendix A Forward-Looking Statements
Appendix A Forward-Looking Statements All statements in this presentation 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 "
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