TrustCo to Release Third Quarter 2016 Results on October 21, 2016; Conference Call on October 24, 2016
October 14 2016 - 4:47PM
TrustCo Bank Corp NY
(TrustCo) (Nasdaq:TRST) today
announced that it will release third quarter 2016 results after the
market close on October 21, 2016. Results are released on the
21st of the reporting months (January, April, July and October), or
on the next day that equity markets are open if the 21st falls on a
weekend or holiday. A conference call to discuss the results
will be held at 9:00 a.m. Eastern Time on October 24, 2016.
Those wishing to participate in the call may dial
toll-free 1-888-339-0764. International callers must
dial 1-412-902-4195. Please ask to be joined into
the TrustCo Bank Corp NY / TRST call. A replay of the call
will be available for thirty days by dialing 1-877-344-7529
(1-412-317-0088 for international callers), Conference Number
10094705.
The call will also be audio webcast at:
http://services.choruscall.com/links/trst161024.html, and will be
available for one year. The earnings press release will be
posted on the Company’s Investor Relations website at:
http://www.snl.com/irweblinkx/corporateprofile.aspx?iid=100465.
Other information, including the Company’s most recent annual
report, proxy statement and filings with the Securities and
Exchange Commission can also be found at this website.
TrustCo Bank Corp NY is a $4.8 billion savings and
loan holding company and through its subsidiary, Trustco Bank,
operates 145 offices in New York, New Jersey, Vermont,
Massachusetts, and Florida. For more information, visit
www.trustcobank.com.
In addition, the Bank’s Financial Services
Department offers a full range of investment services, retirement
planning and trust and estate administration services.
The common shares of TrustCo are traded on The
NASDAQ Global Select Market under the symbol
TRST.
Safe Harbor Statement All statements in this
news release that are not historical are forward-looking statements
within the meaning of the Securities Exchange Act of 1934, as
amended. Forward-looking statements can be identified by
words such as "anticipate," "intend," "plan," "goal," "seek,"
"believe," "project," "estimate," "expect," "strategy," "future,"
"likely," "may," "should," "will" and similar references to future
periods. Examples of forward-looking statements include, among
others, statements we make regarding our expectations for our
performance during 2016 and for the growth of loans and deposits
throughout our branch network and our ability to capitalize on
economic changes in the areas in which we operate. Such
forward-looking statements are subject to factors that could cause
actual results to differ materially for TrustCo from those
discussed. TrustCo wishes to caution readers not to place undue
reliance on any such forward-looking statements, which speak only
as of the date made. The following important factors, among others,
in some cases have affected and in the future could affect
TrustCo’s actual results and could cause TrustCo’s actual financial
performance to differ materially from that expressed in any
forward-looking statement: our ability to continue to
originate a significant volume of one-to-four family mortgage loans
in our market areas; our ability to continue to maintain
noninterest expense and other overhead costs at reasonable levels
relative to income; our ability to comply with the supervisory
agreement entered into with Trustco Bank’s regulator and potential
regulatory actions if we fail to comply; restrictions or conditions
imposed by our regulators on our operations that may make it more
difficult for us to achieve our goals; the future earnings and
capital levels of Trustco Bank and the continued ability of Trustco
Bank under regulatory rules and the supervisory agreement to
distribute capital to TrustCo, which could affect our ability to
pay dividends; results of examinations of Trustco Bank and TrustCo
by our respective regulators; our ability to make accurate
assumptions and judgments regarding the credit risks associated
with lending and investing activities; the effect of changes in
financial services laws and regulations and the impact of other
governmental initiatives affecting the financial services industry;
the effects of, and changes in, trade, monetary and fiscal policies
and laws, including interest rate policies of the Federal Reserve
Board, inflation, interest rates, market and monetary fluctuations;
the perceived overall value of our products and services by users,
including in comparison to competitors’ products and services and
the willingness of current and prospective customers to substitute
competitors’ products and services for our products and services;
real estate and collateral values; changes in accounting policies
and practices, as may be adopted by the bank regulatory agencies,
the FASB or PCAOB; changes in local market areas and general
business and economic trends, as well as changes in consumer
spending and saving habits; our success at managing the risks
involved in the foregoing and managing our business; and other
risks and uncertainties under the heading “Risk Factors” in our
annual report on Form 10-K for the year ended December 31, 2015 and
in our subsequent securities filings.
Kevin T. Timmons
Vice President/Treasurer
(518) 381-3607
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