TrustCo Bank Corp NY Reports 17% Increase In Q2 Profit

(RTTNews) - TrustCo Bank Corp NY (TRST) revealed earnings for its second quarter that climbed compared to the same period last year.

The company said its bottom line rose to $12.24 million, or $0.127 per share. This was higher than $10.46 million, or $0.109 per share, in last year's second quarter.

Analysts had expected the company to earn $0.11 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

TrustCo Bank Corp NY earnings at a glance:

-Earnings (Q2): $12.24 Mln. vs. $10.46 Mln. last year. -Earnings Growth (Y-o-Y): 17.0% -EPS (Q2): $0.127 vs. $0.109 last year. -EPS Growth (Y-o-Y): 16.5% -Analysts Estimate: $0.11