---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-043797"
form_type: "8-K"
ticker: "TRST"
cik: "0000357301"
company_name: "TRUSTCO BANK CORP N Y"
filed_at: "2024-10-21T23:59:59+00:00"
generated_at: "2026-05-30T12:36:53.814833+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# TrustCo Q3 net income $12.9M, EPS $0.68; NIM expands to 2.61%

## Summary
- Net income $12.9M ($0.68 diluted EPS) vs $14.7M ($0.77) in Q3 2023; 9M 2024 net income $37.6M ($1.97) vs $48.9M ($2.57) prior year.
- Net interest income $38.7M, up 2.3% from Q2 2024; net interest margin 2.61%, up 8 bps from 2.53% in Q2 2024.
- Average loans grew 2.6% YoY; home equity lines up 18.7% YoY; residential loans up 1.2% YoY.
- Nonperforming loans $19.4M (0.38% of total loans); allowance for credit losses to loans 0.99%; coverage ratio 256.9%.
- Book value per share $35.19, up 7.3% from $32.80 a year ago; equity to assets 10.95%, up from 10.31%.

## SEC filing metadata
- accession: 0001140361-24-043797
- form_type: 8-K
- ticker: TRST
- cik: 0000357301
- company_name: TRUSTCO BANK CORP N Y
- filed_at: 2024-10-21T23:59:59+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/357301/000114036124043797/0001140361-24-043797-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/357301/000114036124043797/ef20037449_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-043797
- JSON: https://secwatch.observer/filing/0001140361-24-043797.json
- Plain text: https://secwatch.observer/filing/0001140361-24-043797.txt

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