TrustCo Bank (TRST) Reports In-Line Q1 EPS
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TrustCo Announces Increased First Quarter 2017 Earnings
April 21, 2017 4:00 PM EDTExecutive Snapshot:
Continued solid financial results:
Key metrics for first quarter of 2017 results:-- Net income of $10.9 million in the first quarter of 2017 compared to $10.4 million in the first quarter of 2016 and $10.8 in the fourth quarter of 2016-- Return on average assets (ROA) of 0.91% compared to 0.89% in the first quarter of 2016-- Return on average equity (ROE) of 10.17% compared to 9.98% in the first quarter of 2016-- Efficiency ratio of 55.81% compared to 56.22% in the first quarter of 2016 (Non-GAAP measure; see P. 10 for definition)Asset quality remains solid:
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