---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-027302"
form_type: "8-K"
ticker: "TRST"
cik: "0000357301"
company_name: "TRUSTCO BANK CORP N Y"
filed_at: "2024-05-23T23:59:59+00:00"
generated_at: "2026-06-01T09:24:55.676858+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# TrustCo Q1 net income $12.1M, book value $34.12, loan growth 5.2% at annual meeting

## Summary
- Net income $12.1M in Q1 2024, up from $9.8M in Q4 2023 (ROAA 0.80%, ROAE 7.54%).
- Book value $34.12, up $1.81 from Q1 2023; consolidated equity to assets 10.51%.
- Loan growth 5.2% YoY; NPLs 0.37% of total loans; net recoveries for seven consecutive quarters.
- Dividend yield in top 90th percentile of peer group; $755M dividends paid since 2000.
- All director nominees elected with >90% support; say-on-pay approved 87.22%; auditor ratified 97.74%.

## SEC filing metadata
- accession: 0001140361-24-027302
- form_type: 8-K
- ticker: TRST
- cik: 0000357301
- company_name: TRUSTCO BANK CORP N Y
- filed_at: 2024-05-23T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/357301/000114036124027302/0001140361-24-027302-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/357301/000114036124027302/ef20029896_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-027302
- JSON: https://secwatch.observer/filing/0001140361-24-027302.json
- Plain text: https://secwatch.observer/filing/0001140361-24-027302.txt

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