The Rangers were founded in 1926, and won their first Stanley Cup title in 1928, making them the first U.S.-based NHL franchise to win the Cup. Over the next 12 seasons, New York reached the Stanley Cup Finals five times and won twice, in 1933 and 1940. The Rangers then entered a period of decline; from 1943 to 1966, New York missed the playoffs 18 times. In the 1970s, the Rangers made the Stanley Cup Finals twice, but were defeated by the Boston Bruins in 1972 and by the Montreal Canadiens in 1979. Thirteen years later, in the 1991–92 season, New York won the Presidents' Trophy by leading the NHL in regular-season points with 105. The team, however, was eliminated in the second round of the playoffs.