secwatch.observer — SEC 8-K summary
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Issuer:     TRUSTCO BANK CORP N Y (TRST)
CIK:        0000357301
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0001140361-24-021000
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/357301/000114036124021000/0001140361-24-021000-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/357301/000114036124021000/ef20027309_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-021000

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