TrustCo Bank (TRST) Reports In-Line Q3 EPS
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TrustCo Announces Full Year and Fourth Quarter Earnings; 2014 Net Income Up 11% Over 2013
January 21, 2015 4:00 PM ESTExecutive Snapshot:
Continued strong financial results: Full year 2014 compared to the same period in 2013: Net income up 11.0% Diluted EPS up 10.4% Return on average assets (ROA) rose 7 basis points to 0.97% Return on average equity (ROE) rose 39 basis points to 11.54% Improvement in the efficiency ratio from 52.78% in 2013 to 52.60% in 2014 Â Asset quality improvement: Virtually every measure of asset quality improved for both the full year 2014 and for the fourth quarter of 2014 Nonperforming assets (NPAs) fell $3.1 million during the quarter and $11.7... More