TrustCo Bank Corp NY (Nasdaq:TRST) operates as the holding company for Trustco Bank that provides various banking products and services to individuals, partnerships, and corporations. The company accepts deposits and originates loans and investments. TrustCo Bank also provides asset and wealth management services, estate planning and related advice, and custodial services, as well as serves as executor of estates and trustee of personal trusts; and acts as trustee for various types of employee benefit plans, and corporate pension and profit sharing trusts.

TrustCo Bank Corp NY yesterday announced net income for the fourth quarter of 2011 of $8.7 million, up 26.2% over the prior-year period and equal to diluted earnings per share of $0.093, compared to net income of $6.9 million and diluted earnings per share of $0.090 for the fourth quarter of 2010. Fourth quarter 2011 per share results include the full quarter effect of the common stock offering completed on July 6, 2011.

On a pre-tax basis, earnings were up 40.6% from $10.4 million in the fourth quarter of 2010 to $14.6 million in the fourth quarter of 2011. The fourth quarter of 2011 also saw continued core balance sheet growth. Return on average equity and return on average assets were 10.15% and 0.83%, respectively, for the fourth quarter of 2011, compared to 10.49% and 0.71% for the fourth quarter of 2010. Increased capital from the common stock offering led to a lower return on average equity for the fourth quarter of 2011. The efficiency ratio improved to 46.68% for the fourth quarter of 2011, compared to 53.25% for the fourth quarter of 2010, due to a combination of revenue growth and tight control of core operating expenses.

For more information about TrustCo Bank, please visit http://www.trustcobank.com

Read full article at: http://stockhottips.com/20242/top-news/trst-aig-mjgcf-rno-drh-stocks-to-...

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

*******************************************

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. StockHotTips.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers.Our disclaimer (http://stockhottips.com/disclaimer)is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold StockHotTips.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.