---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-002432"
form_type: "8-K"
ticker: "TRST"
cik: "0000357301"
company_name: "TRUSTCO BANK CORP N Y"
filed_at: "2023-01-23T23:59:59+00:00"
generated_at: "2026-06-20T12:03:29.093845+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TrustCo reports record FY2022 net income $75.2M, up 22.3%; Q4 EPS $1.10 vs $0.85 YoY

## Summary
- Full year net income $75.2M ($3.93 diluted EPS) vs $61.5M ($3.19 EPS) in 2021, up 22.3%.
- Q4 2022 net income $20.9M ($1.10 diluted EPS) vs $16.2M ($0.85 EPS) in Q4 2021.
- Net interest margin expanded to 3.34% from 2.69% YoY; efficiency ratio improved to 48.75% from 58.50%.
- Average loans up $253.2M (+5.7%) in Q4 vs year ago, led by residential mortgages.
- Book value per share $31.54, up 0.8% YoY; equity to assets ratio 10.00% vs 9.70%.

## SEC filing metadata
- accession: 0001140361-23-002432
- form_type: 8-K
- ticker: TRST
- cik: 0000357301
- company_name: TRUSTCO BANK CORP N Y
- filed_at: 2023-01-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/357301/000114036123002432/0001140361-23-002432-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/357301/000114036123002432/brhc10046869_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-002432
- JSON: https://secwatch.observer/filing/0001140361-23-002432.json
- Plain text: https://secwatch.observer/filing/0001140361-23-002432.txt

## Key facts
- Earnings Releases
  TRUSTCO BANK CORP N Y reported the three months ended December 31, 2022 results: net income $20.9 million, EPS $1.10 diluted earnings per share.
  - Period: the three months ended December 31, 2022
  - Net income: $20.9 million
  - EPS: $1.10 diluted earnings per share
  - Result: reported results
  source text: and net income of $20.9 million or $1.10 diluted earnings per share for the three months ended December 31, 2022 which is another record quarter, compared to net income of $16.2 million or $0.85 diluted earnings per share for the three months ended December 31, 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/357301/000114036123002432/0001140361-23-002432-index.htm
- Earnings Releases
  TRUSTCO BANK CORP N Y reported full year 2022 results: net income $75.2 million, EPS $3.93 diluted earnings per share.
  - Period: full year 2022
  - Net income: $75.2 million
  - EPS: $3.93 diluted earnings per share
  - Result: reported results
  source text: TrustCo Bank Corp NY (TrustCo, NASDAQ: TRST) today announced full year 2022 net income of $75.2 million or $3.93 diluted earnings per share, compared to net income of $61.5 million or $3.19 diluted earnings per share for the full year 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/357301/000114036123002432/0001140361-23-002432-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.