How Much Did TrustCo Bank Corp NY’s (NASDAQ:TRST) CEO Pocket Last Year?

Rob McCormick became the CEO of TrustCo Bank Corp NY (NASDAQ:TRST) in 2004. First, this article will compare CEO compensation with compensation at similar sized companies. Then we’ll look at a snap shot of the business growth. And finally we will reflect on how common stockholders have fared in the last few years, as a secondary measure of performance. This method should give us information to assess how appropriately the company pays the CEO.

See our latest analysis for TrustCo Bank Corp NY

How Does Rob McCormick’s Compensation Compare With Similar Sized Companies?

Our data indicates that TrustCo Bank Corp NY is worth US$738m, and total annual CEO compensation is US$2m. Notably, that’s an increase of 13% over the year before. When we examined a selection of companies with market caps ranging from US$400m to US$1.6b, we found the median CEO compensation was US$2m.

So Rob McCormick receives a similar amount to the median CEO pay, amongst the companies we looked at. While this data point isn’t particularly informative alone, it gains more meaning when considered with business performance.

You can see a visual representation of the CEO compensation at TrustCo Bank Corp NY, below.

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Is TrustCo Bank Corp NY Growing?

TrustCo Bank Corp NY has increased its earnings per share (EPS) by an average of 6.2% a year, over the last three years Its revenue is up 4.5% over last year.

I’d prefer higher revenue growth, but I’m happy with the modest EPS growth. So there are some positives here, but not enough to earn high praise.

Shareholders might be interested in this free visualization of analyst forecasts. .

Has TrustCo Bank Corp NY Been A Good Investment?

Boasting a total shareholder return of 33% over three years, TrustCo Bank Corp NY has done well by shareholders. So they may not be at all concerned if the CEO is paid more than is normal for companies around the same size.

In Summary…

Rob McCormick is paid around the same as most CEOs of similar size companies.

While the growth could be better, the shareholder returns are clearly good. So all things considered I’d venture that the CEO pay is appropriate. Shareholders may want to check for free if TrustCo Bank Corp NY insiders are buying or selling shares.

Or you might prefer gaze upon this detailed graph of past earnings, revenue and cash flow .

To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at [email protected].