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

TrustCo Q3 2024 net income $12.9 million, down from $14.7 million a year earlier

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyTrustCo Bank Corp NY (TRST)
Form8-K, current report
Filed with the SECOct 21, 2024, 4:01 PM ET
Accession number0001140361-24-043797

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing 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 October 21, 2024.

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