secwatch.observer — SEC 8-K summary
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Issuer:     TRUSTCO BANK CORP N Y (TRST)
CIK:        0000357301
Form:       8-K
Filed at:   2023-01-23T23:59:59+00:00
Accession:  0001140361-23-002432
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/357301/000114036123002432/0001140361-23-002432-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/357301/000114036123002432/brhc10046869_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-002432

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer