Stock fact sheet · data as of
TrustCo Bank Corp NY (TRST): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · Defensive
Is TRST undervalued?
TRST closed at 53.87 on 16 Oct 2026, which is 22% above the GLS average fair value of 44.21 from 9 models. 5 of them value the shares below today's price. Our screens read that as "no margin of safety": the stock is not a value candidate at this price, whatever the quality numbers say.
There is a wide gap between GLS Growth (4.22) and 10 Cap (98.96). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files TRST under Defensive: a low beta, a dividend and positive earnings.
Nine valuation models for TRST
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 36.96 | -31% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 55.82 | +4% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 59.80 | +11% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 14.83 | -72% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 4.22 | -92% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 98.96 | +84% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 63.44 | +18% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 22.66 | -58% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 41.18 | -24% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -320.69 | -695% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
TrustCo Bank Corp NY scores 6 of 9 on the Piotroski F-score: a middling result that passes the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability TRST scores 5.7/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are moderate - ROIC 7.3%, ROE 8.9%, ROA 0.9% - with debt at 0.23 times equity and a free-cash-flow yield of 7.0%.
The dividend yield is 2.86% at a payout ratio of 42%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Wealth Management Fees 73%, Other 27% (quarter Q2 FY2026).
Institutional ownership scores 9/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 7.3% |
|---|---|---|---|
| GLS Moat | 5.7 / 10 | ROE | 8.9% |
| Debt / equity | 0.23 | ROA | 0.9% |
| Free-cash-flow yield | 7.0% | Payout ratio | 42% |
| Institutions | 9 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 53: Fair
A Wheel Score of 53 puts TrustCo Bank Corp NY in the Fair band - below the 70 the Sunday Scan requires. Value 3/25, Health 13/20, Moat 9/15, Premium 20/20 and Stability 8/20; the weakest part is Value (3/25).
Implied volatility is 36% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 153 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 109k shares a day on a market cap of $917M, with a beta of 0.66 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 8 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 3 / 25 | -22% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 9 / 15 | moat 5.7/10 | |
| Premium | 20 / 20 | implied volatility 36% | |
| Stability | 8 / 20 | 109k shares/day, $917M cap, beta 0.66 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
TrustCo Bank Corp NY reports earnings on 20 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to TrustCo Bank Corp NY by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| HAFC Hanmi Financial Corporation | 30.94 | 54.12 | +43% | 79Good | $917M |
| NBBK NB Bancorp, Inc. Common Stock | 22.37 | 59.58 | +62% | 72Good | $913M |
| MPB Mid Penn Bancorp, Inc. | 35.97 | 51.18 | +30% | 78Good | $911M |
| FCBC First Community Bankshares, Inc. | 48.19 | 38.24 | -26% | 47Weak | $911M |
| CPF Central Pacific Financial Corp. | 36.10 | 45.89 | +21% | 75Good | $929M |
| SBSI Southside Bancshares, Inc. | 30.22 | 39.38 | +23% | 74Good | $901M |
| FMNB Farmers National Banc Corp. | 15.20 | 20.95 | +27% | 76Good | $901M |
| CAC Camden National Corp. | 55.87 | 75.95 | +26% | 74Good | $944M |
| EQBK Equity Bancshares, Inc. | 46.68 | 58.58 | +20% | 65Good | $961M |
| THFF First Financial Corporation | 73.01 | 103.28 | +29% | 75Good | $868M |
| EGBN Eagle Bancorp, Inc. | 28.02 | 19.06 | -47% | 41Weak | $854M |
| SMBK SmartFinancial, Inc. | 49.76 | 53.46 | +7% | 65Good | $851M |
⚖ Compare TRST with 7 of them All Financial Services stocks →
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A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the same eight-rule screen, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about TRST
Is TRST undervalued right now?
No: at 53.87 the stock trades 22% above the GLS average fair value of 44.21 (data as of 16 Oct 2026). The margin of safety is negative.
What is the Wheel Score of TRST and what does it mean?
TRST scores 53 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for TRST?
44.21 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does TrustCo Bank Corp NY report earnings next?
The next earnings report is due on 20 Oct 2026 (after the close), 4 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does TRST have listed options, and how liquid are they?
Yes. The nightly snapshot found 108 listed contracts with 153 open interest across all expiries and implied volatility of 36% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.