Every material Form 8-K TrustCo Bank Corp NY has filed with the SEC since March 04, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
TrustCo Bank Corp NY reported third-quarter 2026 net income of $17.3 million, up 6.5% from $16.3 million a year earlier, and diluted earnings per share of $1.02 compared with $0.86. Net interest income rose 9.1% to $47.0 million as loan repricing and deposit growth lifted the net interest margin to 2.95%, and the company raised its quarterly dividend 5.3% to $0.40 per share.
Diluted EPS of $1.02 for Q3 2026 versus $0.86 for Q3 2025, up 18.6%
Net interest income of $47.0 million, up 9.1%; net interest margin of 2.95% versus 2.79%
Quarterly cash dividend increased 5.3% to $0.40 per share
Provision for credit losses of $850 thousand versus $250 thousand a year earlier; nonperforming loans were $21.1 million, or 0.39% of total loans
TrustCo Bank Corp NY's board voted unanimously on September 15, 2026 to increase its size from nine to eleven directors and elected Patricia Kieper-Fusco and Bryan L. Guentner to fill the new seats, effective immediately. The filing describes the change as a governance update and does not report any financial results or compensatory equity awards tied to the appointments.
Board expanded from nine to eleven directors; Patricia Kieper-Fusco and Bryan L. Guentner elected effective immediately on September 15, 2026
Both directors also join the board of subsidiary Trustco Bank and were appointed to the Audit, Board Compliance, Compensation, Fiduciary, Nominating and Corporate Governance, and Risk Committees
Board found both directors independent under Nasdaq standards; no equity awards made in connection with their elections
TrustCo Bank Corp NY reported second-quarter 2026 net income of $17.0 million, up 12.8% from $15.0 million a year earlier, with diluted earnings per share of $0.98 versus $0.79. The increase was driven mainly by higher net interest income, which rose 9.2% to $45.6 million as loan repricing and lower funding costs lifted the net interest margin to 2.87%. Shareholders also see book value per share of $38.53 at June 30, 2026, up from $36.75, and an $844 thousand unrealized gain on equity securities included in the quarter.
Diluted EPS of $0.98 for the quarter ended June 30, 2026, compared with $0.79 a year earlier, an increase of 24.1%
Net interest income of $45.6 million, up 9.2%; net interest margin of 2.87% compared with 2.71%
Nonperforming loans of $21.8 million, or 0.40% of total loans, compared with $17.9 million, or 0.35%, a year earlier
Six-month net income of $33.3 million, or $1.89 diluted EPS, compared with $29.3 million, or $1.54, in the first half of 2025
At its May 19, 2026 annual meeting, TrustCo shareholders approved an amendment raising the shares available under the 2019 Equity Incentive Plan from 700,000 to 1,200,000. All nine director nominees were elected to one-year terms, and shareholders also approved the advisory say-on-pay vote and ratified Crowe LLP as auditor for 2026. The equity plan increase adds dilution potential for shareholders, but the filing does not quantify its effect.
Equity plan amendment adds 500,000 shares, raising the total available from 700,000 to 1,200,000; approved with 90.34% of votes cast in favor
All nine director nominees elected to one-year terms; support ranged from 83.69% (Frank B. Silverman) to 91.60% (Steffani Cotugno, DO)
Advisory vote on executive compensation approved with 91.07% of votes cast in favor
Crowe LLP ratified as independent registered public accounting firm for the year ending December 31, 2026, with 98.76% of votes cast in favor
TrustCo Bank Corp NY reported first quarter 2026 net income of $16.3 million, or $0.91 per diluted share, up from $14.3 million, or $0.75, a year earlier. Net interest income rose 10.7% to $44.7 million and net interest margin widened to 2.84% from 2.64%, driven by loan repricing at higher yields.
Net income $16.3 million, up 14.1% year over year; diluted EPS $0.91 vs. $0.75
Net interest income $44.7 million, up 10.7%; net interest margin 2.84% vs. 2.64%
Provision for credit losses $950 thousand vs. $300 thousand a year earlier; nonperforming loans $21.5 million vs. $18.8 million
Repurchased 522,226 shares (2.9%) in the quarter; book value per share $38.32 vs. $36.16
TrustCo Bank Corp NY disclosed that Executive Vice President and Chief Operating Officer Robert M. Leonard notified the company on January 27, 2026 that he intends to retire from all positions with the company and its subsidiaries, including Trustco Bank, effective December 31, 2026. The filing does not name a successor or describe any compensation arrangements, so the effect on shareholders is not stated.
Robert M. Leonard, EVP and Chief Operating Officer, gave notice of retirement on January 27, 2026
Retirement is effective December 31, 2026, giving the company about eleven months of notice
The filing does not name a successor or describe any new compensation arrangements
TrustCo Bank Corp NY reported fourth-quarter 2025 net income of $15.6 million, or $0.85 per diluted share, up from $11.3 million, or $0.59, a year earlier. Net interest income rose 12.4% to $43.7 million, helped by higher loan yields and a lower cost of interest-bearing liabilities. Compared with the third quarter of 2025, net income was slightly lower, down from $16.3 million, and diluted EPS was $0.85 versus $0.86.
Q4 2025 net income $15.6 million, or $0.85 diluted EPS, versus $11.3 million, or $0.59, in Q4 2024
Net interest income $43.7 million, up 12.4% year over year; net interest margin 2.82% versus 2.60%
Full-year 2025 net income $61.1 million, or $3.25 diluted EPS, versus $48.8 million, or $2.57, in 2024
Board-approved buyback allows repurchase of up to two million shares, or 11.1%, over the next year; 1 million shares repurchased in 2025
TrustCo reported third quarter 2025 net income of $16.3 million, or $0.86 per diluted share, up 26.3% from $12.9 million, or $0.68 per diluted share, a year earlier. Net interest income rose 11.5% to $43.1 million, and the net interest margin widened to 2.79% from 2.61%, which points to stronger core lending profitability for shareholders.
Q3 2025 net income $16.3 million vs. $12.9 million in Q3 2024; diluted EPS $0.86 vs. $0.68
Net interest income $43.1 million, up $4.4 million or 11.5% year over year
Nine-month net income $45.6 million, or $2.41 diluted EPS, vs. $37.6 million, or $1.97, a year earlier
Book value per share $37.30 at September 30, 2025, up from $35.19; 533 thousand shares remain under the repurchase program
TrustCo Bank Corp NY reported second quarter 2025 net income of $15.0 million, or $0.79 per diluted share, up from $12.6 million, or $0.66 per diluted share, in the second quarter of 2024. Net interest income rose 10.5% to $41.7 million, and the net interest margin widened to 2.71% from 2.53%, so both the core lending income and per-share profit measures improved year over year.
Net income of $15.0 million, or $0.79 diluted EPS, for Q2 2025, versus $12.6 million, or $0.66, for Q2 2024
Net interest income of $41.7 million, up 10.5% from $37.8 million; net interest margin of 2.71%, up 18 basis points
Book value per share of $36.75 at June 30, 2025, up from $34.46 a year earlier; 169 thousand shares repurchased in Q2 2025
Conference call scheduled for 9:00 a.m. Eastern Time on July 22, 2025
TrustCo Bank Corp NY reported first quarter 2025 net income of $14.3 million, or $0.75 per diluted share, up 17.7% from $12.1 million, or $0.64 per diluted share, a year earlier. The results were furnished in an 8-K with the earnings press release, which also cites a 10.4% rise in net interest income to $40.4 million and average loans and deposits up 2.1% and 1.9%. The company also announced a stock repurchase program for up to one million shares, about 5% of outstanding common stock.
Net income of $14.3 million, up 17.7% from $12.1 million; diluted EPS of $0.75 vs. $0.64
Net interest income of $40.4 million, up 10.4%; net interest margin of 2.64% vs. 2.44%
Stock repurchase program for up to one million shares, about 5% of outstanding common stock
Nonperforming loans were 0.37% of total loans as of March 31, 2025, unchanged from a year earlier
TrustCo Bank Corp NY reported fourth quarter 2024 net income of $11.3 million, or $0.59 per diluted share, up from $9.8 million, or $0.52, a year earlier. Full-year 2024 net income fell to $48.8 million, or $2.57 per diluted share, from $58.6 million, or $3.08, in 2023. Shareholders get a year-over-year quarterly gain alongside a lower annual profit, with book value per share rising to $35.56 at year end.
Q4 2024 net income $11.3 million, $0.59 diluted EPS, versus $9.8 million, $0.52 in Q4 2023
Full-year 2024 net income $48.8 million, $2.57 diluted EPS, versus $58.6 million, $3.08 in 2023
Net interest income $38.9 million in Q4 2024, up $296 thousand (0.8%) from Q4 2023
Book value per share $35.56 at December 31, 2024, up from $33.92 a year earlier
TrustCo reported third quarter 2024 net income of $12.9 million, or $0.68 per diluted share, up from $12.6 million in the second quarter but down from $14.7 million, or $0.77 per share, in the third quarter of 2023. Net interest income was $38.7 million, up from $37.8 million in the prior quarter but down from $42.2 million a year earlier, so shareholders see sequential improvement alongside a year-over-year decline.
Net income $12.9 million ($0.68 diluted EPS) vs. $12.6 million ($0.66) in Q2 2024 and $14.7 million ($0.77) in Q3 2023
Net interest income $38.7 million, up from $37.8 million in Q2 2024 and $42.2 million in Q3 2023
Net interest margin 2.61%, up from 2.53% in Q2 2024 and down from 2.85% in Q3 2023
Nine-month net income $37.6 million ($1.97 diluted EPS) vs. $48.9 million ($2.57) for the same period in 2023
TrustCo Bank Corp NY reported second quarter 2024 net income of $12.6 million, or $0.66 per diluted share, compared with $16.4 million, or $0.86 per diluted share, a year earlier, and up from $12.1 million in the first quarter of 2024. Average loans grew 3.8% year over year, and the net interest margin rose to 2.53% from 2.44% in the prior quarter, while net interest income fell from $44.1 million a year earlier. For shareholders, quarterly profit was lower than a year ago but higher than the first quarter.
Net income $12.6 million ($0.66 diluted EPS) for Q2 2024, versus $16.4 million ($0.86) for Q2 2023 and $12.1 million for Q1 2024
Net interest income $37.8 million, up from $36.6 million in Q1 2024 but down from $44.1 million in Q2 2023
Average loans up $182.2 million, or 3.8%, year over year; net interest margin 2.53%, up from 2.44% in Q1 2024
Q2 2024 results include a $1.4 million gain on Visa Class C shares; book value per share was $34.46 at June 30, 2024
TrustCo Bank Corp NY appointed Robert M. Leonard as Chief Operating Officer of the company and its principal subsidiary, Trustco Bank, effective July 16, 2024. Leonard has been Executive Vice President of Corporate Services and Risk since 2013 and has held executive officer roles at the company since 2003. The filing states there have been no material changes to his compensation arrangements.
Robert M. Leonard, age 61, appointed Chief Operating Officer effective July 16, 2024
Previously Executive Vice President Corporate Services and Risk since 2013; joined the company in 1986
Filing reports no material changes to his compensation, which is described in the April 1, 2024 proxy statement
No related party transactions or family relationships requiring disclosure
TrustCo Bank Corp NY reported first quarter 2024 net income of $12.1 million, or $0.64 per diluted share, compared with $17.7 million, or $0.93 per diluted share, in the first quarter of 2023. Net income rose from $9.8 million in the fourth quarter of 2023, while net interest income fell 5.3% from the prior quarter, and average loans grew 5.2% year over year.
Net income was $12.1 million ($0.64 diluted EPS) versus $17.7 million ($0.93) in Q1 2023 and $9.8 million ($0.52) in Q4 2023.
Net interest income was $36.6 million, down $2.0 million or 5.3% from the prior quarter, with net interest margin at 2.44% versus 2.60% in Q4 2023.
Average loans rose $249.4 million or 5.2% year over year; nonperforming loans were $18.3 million, or 0.37% of total loans, at March 31, 2024.
Book value per share was $34.12 at March 31, 2024, up from $33.92 at December 31, 2023.
TrustCo Bank Corp NY disclosed that director Dennis A. DeGennaro resigned from the company's Board and from his director role at its subsidiary Trustco Bank, effective February 28, 2024. The filing states the resignation was not due to any disagreement with the company on its operations, policies or practices, so it does not signal a dispute over company direction.
Dennis A. DeGennaro notified the company of his resignation on February 28, 2024
Resignation covers his director roles at TrustCo Bank Corp NY and Trustco Bank, effective February 28, 2024
The filing states the resignation was not the result of a disagreement with the company
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