8-K
filed May 20, 2026, 4:44 PM ET
ticker TRST
CIK 0000357301
other material
confidence high
sentiment positive
materiality 0.65
TrustCo Bank shareholders approve 500K share increase to equity plan; FY2025 net income $61M, dividend raised 5.6%
TRUSTCO BANK CORP N Y
- Shareholders approved amendment to 2019 Equity Incentive Plan, increasing shares available by 500,000 to 1,200,000.
- All director nominees elected with >83% votes; advisory say-on-pay approved with 91% support.
- 2025 net income $61M; net interest margin increasing since Q1 2024 per annual meeting presentation.
- Dividend raised 5.6% to $1.52/share annually in 2025; 2M shares authorized for repurchase in 2026 (11.1% of outstanding).
- TRST stock grew 51.58% over past year, outpacing KBW Regional Bank Index by >25%.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TRUSTCO BANK CORP N Y shareholders approved Approval of the Amendment to the 2019 Equity Incentive Plan, in order to increase the aggregate number of shares of common stock available for issuance under the 2019 Equity Incentive Plan at the 2026-05-19 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2026-05-19
Exact text from the filing
Proposal 2 – Approval of the Amendment to the 2019 Equity Incentive Plan, in order to increase the aggregate number of shares of common stock available for issuance under the 2019 Equity Incentive Plan, as disclosed in the 2026 Proxy Statement. The shareholders approved the Amendment to the 2019 Equity Incentive Plan. The result of the vote taken at the 2026 Annual Meeting was as follows: For Against Abstain Percentage of Votes Cast For Broker Non-Votes Approval of an amendment to the TrustCo Bank Corp NY Amended and Restated 2019 Equity Incentive Plan in order to increase the aggregate number of shares of common stock available for issuance under the plan. 12,267,246 1,310,701 45,127 90.34% 1,434,774
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TRUSTCO BANK CORP N Y shareholders approved Election of Directors at the 2026-05-19 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2026-05-19
Exact text from the filing
Proposal 1 – Election of Directors. The shareholders elected each of the director nominees to serve a one-year term until the Company’s 2027 Annual Meeting of Shareholders and until a successor has been duly elected and qualified. The result of the vote taken at the 2026 Annual Meeting was as follows: For Against Abstain Percentage of Votes Cast For Broker Non-Votes Steffani Cotugno, DO 12,447,632 1,140,855 34,587 91.60% 1,434.774
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TRUSTCO BANK CORP N Y shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2026-05-19 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2026-05-19
Exact text from the filing
Proposal 4 – Ratification of Appointment of Independent Registered Public Accounting Firm. The shareholders ratified the appointment of Crowe LLP as the independent registered public accounting firm of the Company for the year ending December 31, 2026. The result of the vote taken at the 2026 Annual Meeting was as follows: For Against Abstain Percentage of Votes Cast For Ratification of the appointment of Crowe LLP as TrustCo’s independent registered public accounting firm for 2026 14,858,059 186,014 13,775 98.76%
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TRUSTCO BANK CORP N Y shareholders approved Advisory Vote on Executive Compensation at the 2026-05-19 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2026-05-19
Exact text from the filing
Proposal 3 – Advisory Vote on Executive Compensation. The shareholders adopted a resolution approving, on an advisory basis, the compensation paid to the Company’s named executive officers, as disclosed in the 2026 Proxy Statement in accordance with the compensation disclosure rules of the Securities and Exchange Commission. The result of the vote taken at the 2026 Annual Meeting was as follows: For Against Abstain Percentage of Votes Cast For Broker Non-Votes Approval of a Nonbinding Advisory Resolution on the Compensation of TrustCo’s Named Executive Officers 12,336,045 1,208,378 78,651 91.07% 1,434,774
View on SEC.gov
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