---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-049173"
form_type: "8-K"
ticker: "TRST"
cik: "0000357301"
company_name: "TRUSTCO BANK CORP N Y"
filed_at: "2023-10-23T23:59:59+00:00"
generated_at: "2026-06-09T17:29:08.127810+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# TrustCo Q3 net income $14.7M ($0.77 EPS), down from $19.4M Q3 2022; loans hit all-time high $5.0B

## Summary
- Net income $14.7M ($0.77 diluted EPS) vs $19.4M ($1.01) in Q3 2022 and $16.4M ($0.86) in Q2 2023.
- Net interest income $42.2M, down 11.7% YoY; net interest margin 2.85% vs 3.16% Q3 2022.
- Total loans $5.0B, up $330.8M (7.1%) YoY; residential mortgages led growth.
- Nonperforming loans improved to 0.36% of total loans from 0.40% a year ago; seven consecutive quarters of net recoveries.
- Book value per share $32.80, up 6.2% from $30.89; equity-to-assets ratio 10.31% vs 9.69%.

## SEC filing metadata
- accession: 0001140361-23-049173
- form_type: 8-K
- ticker: TRST
- cik: 0000357301
- company_name: TRUSTCO BANK CORP N Y
- filed_at: 2023-10-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/357301/000114036123049173/0001140361-23-049173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/357301/000114036123049173/ef20012912_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-049173
- JSON: https://secwatch.observer/filing/0001140361-23-049173.json
- Plain text: https://secwatch.observer/filing/0001140361-23-049173.txt

## Key facts
- Earnings Releases
  TRUSTCO BANK CORP N Y reported third quarter 2023 results: net income $14.7 million, EPS $0.77 diluted earnings per share.
  - Period: third quarter 2023
  - Net income: $14.7 million
  - EPS: $0.77 diluted earnings per share
  - Result: reported results
  source text: On October 23, 2023 TrustCo Bank Corp NY ("TrustCo") issued a press release with results for the quarter ending September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/357301/000114036123049173/0001140361-23-049173-index.htm

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