secwatch.observer — SEC 8-K summary
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Issuer:     TRUSTCO BANK CORP N Y (TRST)
CIK:        0000357301
Form:       8-K
Filed at:   2025-04-21T23:59:59+00:00
Accession:  0001140361-25-014716
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TrustCo Q1 net income up 17.7% to $14.3M; announces share repurchase program
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- Diluted EPS of $0.75 vs $0.64 a year ago; net interest income rose 10.4% to $40.4M.
- Average loans grew $104.7M (2.1%) and deposits $103.3M (1.9%) year-over-year.
- Book value per share increased 6.0% to $36.16; equity-to-assets ratio improved to 10.85%.
- Authorized stock repurchase of up to 1 million shares (~5% of outstanding).
- Credit quality stable with NPLs at 0.37% of total loans; wealth management fees up 16.7%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/357301/000114036125014716/0001140361-25-014716-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/357301/000114036125014716/ef20047695_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-014716

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