secwatch.observer — SEC 8-K summary
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Issuer:     TRUSTCO BANK CORP N Y (TRST)
CIK:        0000357301
Form:       8-K
Filed at:   2024-05-23T23:59:59+00:00
Accession:  0001140361-24-027302
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/357301/000114036124027302/0001140361-24-027302-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/357301/000114036124027302/ef20029896_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-027302

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