Trustco Bank N Y (Trustco Bank N Y) Interest Expense : $-54.4 Mil (TTM As of Dec. 2023)

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What is Trustco Bank N Y Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Trustco Bank N Y's interest expense for the three months ended in Dec. 2023 was $ -20.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-54.4 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Trustco Bank N Y's Operating Income for the three months ended in Dec. 2023 was $ Mil. Trustco Bank N Y's Interest Expense for the three months ended in Dec. 2023 was $ Mil. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Trustco Bank N Y Interest Expense Historical Data

The historical data trend for Trustco Bank N Y's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Trustco Bank N Y Interest Expense Chart

Trustco Bank N Y Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-36.32

-24.71

-7.57

-6.47

-54.36

Trustco Bank N Y Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-2.90	-6.97	-12.03	-15.33	-20.03

Trustco Bank N Y Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-54.4 Mil.

Trustco Bank N Y (Trustco Bank N Y) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Trustco Bank Corp N Y (NAS:TRST) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TC50:Germany

Address

5 Sarnowski Drive, Glenville, NY, USA, 12302

Website

https://www.trustcobank.com

Trustco Bank Corp N Y is a savings and loan holding company. The core part of a business consists of accepting deposits and making loans and investments. It offers a range of both personal and business banking services. The company's product includes savings accounts; retirement accounts; money market account; mortgages; building loans; auto loans and others.

Executives

Frank B Silverman	director	C/O TRUSTCO BANK, 5 SARNOWSKI DRIVE, GLENVILLE NY 12302
Robert J Mccormick	director, officer: PRES. & CEO TRUSTCO BANK CORP	C/O TRUSTCO BANK COMPANY, 5 SARNOUSKI DR, GLENVILLE NY 12302
Michael James Hall	officer: SECRETARY	C/O TRUSTCO BANK CORP NY, 5 SARNOWSKI DRIVE, GLENVILLE NY 12302
Kevin M Curley	officer: SENIOR VICE PRESIDENT	C/O TRUSTCO BANK CORP NY, 5 SARNOWSKI DRIVE, GLENVILLE NY 12302
Eric W Schreck	officer: TREASURER	C/O TRUSTCO BANK CORP NY, 5 SARNOWSKI DRIVE, GLENVILLE NY 12302
Robert M Leonard	officer: AVP & Assistant Secretary	5 SARNOWSKI DR, GELNVILLE NY 12302
Steffani Cotugno	director	C/O TRUSTCO BANK CORP NY, 5 SARNOWSKI DRIVE, GLENVILLE NY 12302
Michael M Ozimek	officer: SVP & CFO	C/O TRUSTCO BANK CORP NY, 5 SARNOWSKI DRIVE, GLENVILLE NY 12302
Curtis N Powell	director	C/O TRUSTCO BANK CORP NY, 5 SARNOWSKI DRIVE, GLENVILLE NY 12303
Scot R Salvador	officer: Chief Banking Officer & EVP
Lisa M Reutter	director	C/O TRUSTCO BANK CORP NY, 5 SARNOWSKI DRIVE, GLENVILLE NY 12302
De Gennaro Dennis A	director	C/O TRUSTCO BANK CORP NY, 5 SARNOWSKI DRIVE NY 12302
Kimberly Adams Russell	director	C/O TRUSTCO BANK CORP NY, 5 SARNOWSKI DRIVE, GLENVILLE NY 12302
Alejandro M Sanchez	director	C/O TRUSTCO BANK CORP NY, 5 SARNOWSKI DRIVE, GLENVILLE NY 12302
William D Powers	director	C/O TRUSTCO BANK CORP, 5 SARNOWSKI DRIVE, GLENVILLE NY 12302