TrustCo to Release Fourth Quarter 2020 Results on January 21, 2021; Conference Call on January 22, 2021
January 11 2021 - 4:00PM
TrustCo Bank Corp NY
(TrustCo, Nasdaq: TRST) today
announced that it will release fourth quarter 2020 results after
the market close on January 21, 2021. 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
Friday, weekend or holiday. A conference call to discuss the
results will be held at 9:00 a.m. Eastern Time on January 22, 2021.
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 10151410.
The call will also be audio webcast at
https://services.choruscall.com/links/trst210122.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 $5.7 billion savings
and loan holding company and through its subsidiary, Trustco Bank,
operates 148 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 current
and future periods and for the growth of loans and deposits
throughout our branch network, our ability to capitalize on
economic changes in the areas in which we operate and the extent to
which higher expenses to fulfill operating and regulatory
requirements recur or diminish over time. 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: the effect of the COVID-19
pandemic on our business, financial condition, liquidity and
results of operations; 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
most recent annual report on Form 10-K and in our subsequent
quarterly reports on Form 10-Q or other securities filings.
Subsidiary: Trustco Bank
Contact: |
Robert Leonard |
|
Executive Vice President and |
|
Chief Risk Officer |
|
(518) 381-3693 |
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