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AI brief of an SEC Form 8-K · TrustCo Bank Corp NY (TRST)

TrustCo Q2 net income $12.6 million, down from $16.4 million a year earlier

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyTrustCo Bank Corp NY (TRST)
Form8-K, current report
Filed with the SECJul 22, 2024, 4:20 PM ET
Accession number0001140361-24-033737

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 22, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.