---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-021000"
form_type: "8-K"
ticker: "TRST"
cik: "0000357301"
company_name: "TRUSTCO BANK CORP N Y"
filed_at: "2024-04-22T23:59:59+00:00"
generated_at: "2026-06-03T14:41:00.130077+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# TrustCo Q1 net income $12.1M ($0.64 EPS) vs $17.7M ($0.93) YoY; loans up 5.2%

## Summary
- Net income $12.1M, diluted EPS $0.64; down from $17.7M, $0.93 in Q1 2023.
- Average loans grew $249.4M (+5.2%) YoY; residential loans up 3.5%, commercial up 16%.
- Net interest income $36.6M, down 5.3% from Q4 2023; net interest margin 2.44% vs 2.60%.
- Nonperforming loans $18.3M (0.37% of total loans), down from 0.40% a year ago.
- Equity-to-assets 10.51% (up from 10.17%); book value per share $34.12, up 5.6%.

## SEC filing metadata
- accession: 0001140361-24-021000
- form_type: 8-K
- ticker: TRST
- cik: 0000357301
- company_name: TRUSTCO BANK CORP N Y
- filed_at: 2024-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/357301/000114036124021000/0001140361-24-021000-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/357301/000114036124021000/ef20027309_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-021000
- JSON: https://secwatch.observer/filing/0001140361-24-021000.json
- Plain text: https://secwatch.observer/filing/0001140361-24-021000.txt

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