TrustCo Bank Corp NY (TRST) Financials

TrustCo Bank Corp NY (TRST) recently released its financial statements for the past fiscal year, providing insights into the company's performance. The income statement revealed that TrustCo Bank Corp NY generated a substantial gross profit, indicating its ability to generate revenue after deducting the cost of goods sold. Moreover, the statement showcased the company's net income from stockholders, highlighting the profit allocated to shareholders after all expenses and taxes. Additionally, the total revenue reflected a significant amount earned by TrustCo Bank Corp NY during the fiscal year, demonstrating its revenue-generating capabilities. These figures play a pivotal role in evaluating the financial health of any organization.

On the balance sheet, TrustCo Bank Corp NY accounted for its total assets, including cash equivalents and net debt. The cash equivalents on the balance sheet signify the readily available cash or assets that can be easily converted into cash within a short period. On the other hand, net debt represents the total debt of TrustCo Bank Corp NY after considering its cash and cash equivalents. Furthermore, the stockholders' equity exhibits the portion of the company's assets that remains with the shareholders after deducting its liabilities. It represents the company's net worth and gives an idea of the long-term sustainability of TrustCo Bank Corp NY.

TrustCo Bank Corp NY's cash flow statement provides insights into how the company manages its cash position. The financing cash flow represents the movement of cash between TrustCo Bank Corp NY and its external financing sources. It includes activities such as borrowing or repaying loans, issuing or buying back shares, and paying dividends. The investing cash flow reflects the company's cash flows related to investments in long-term assets or securities. Lastly, the operating cash flow represents the cash generated or used by TrustCo Bank Corp NY from its core business operations. It provides insights into the company's ability to generate cash from its daily operations.