TrustCo Bank Corp NY (TRST) CEO Robert McCormick on Q2 2020 Results - Earnings Call Transcript

Jul. 22, 2020 12:15 PM ETTrustCo Bank Corp NY (TRST) StockTRST
SA Transcripts
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Q2: 2020-07-21 Earnings Summary

EPS of $0.59 beats by $0.03
 | Revenue of $41.11M (-6.80% Y/Y) beats by $467.00K

Start Time: 09:00 January 1, 0000 9:24 AM ET

TrustCo Bank Corp NY (NASDAQ:TRST)
Q2 2020 Earnings Conference Call
July 22, 2020, 09:00 AM ET

Company Participants

Robert McCormick - Chairman, President and CEO
Michael Ozimek - EVP and CFO
Scot Salvador - EVP and Chief Lending Officer

Conference Call Participants

Alex Twerdahl - Piper Sandler

Operator

Good day, and welcome to TrustCo Bank Corp Earnings Call and Webcast. All participants will be in listen-only mode. [Operator Instructions]. After today's presentation, there will be an opportunity to ask questions. [Operator Instructions].

Before proceeding, we would like to mention that this presentation may contain forward-looking information about TrustCo Bank Corp New York that is intended to be covered by the Safe Harbor and forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various risks, uncertainties, and other factors.

More detailed information about these and other risk factors can be found in our press release that preceded this call and in the Risk Factors and Forward-Looking Statements section of our Annual Report on Form 10-K and as updated by our quarterly reports of Form 10-Q. The statements are valid only as of the date hereof, and the company disclaims any obligation to update this information, except as may be required by applicable law.

Today's presentation contains non-GAAP financial measures. The reconciliations of such measures to the most comparable GAAP figures are included in our earnings press release, which is available under the Investor Relations tab of our Web site at trustcobank.com. Please also note that today's event is being recorded.

At this time, I would like to turn the conference over to Mr. Robert J. McCormick, Chairman, President, and CEO. Please go ahead.

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