---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-040403"
form_type: "8-K"
ticker: "TRST"
cik: "0000357301"
company_name: "TRUSTCO BANK CORP N Y"
filed_at: "2026-10-21T20:34:15+00:00"
generated_at: "2026-10-21T20:35:15.157962+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.62
calibrated_materiality_score: 0.62
confidence: "high"
source: SEC EDGAR
---

# TrustCo Q3 net income rises 6.5% to $17.3M; EPS $1.02 up 18.6%, dividend raised 5.3% to $0.40

## Summary
- Net interest income $47.0M, up 9.1% from $43.1M; NIM 2.95%, up 16 bps from 2.79%; asset yield 4.35% (+10 bps), cost of interest-bearing liabilities 1.79% (-11 bps).
- Average loans +$238.1M (+4.6%), led by residential +$177.3M (+4.0%) and HECLs +$50.0M (+11.4%); average deposits +$229.6M (+4.2%) on time deposits and checking growth.
- Dividend raised 5.3% to $0.40/quarter ($1.60 annualized); repurchased 500K shares in Q3 and 1.5M (8.3%) YTD, on pace for 3M shares (15.8%) by end of 2026.
- Provision for credit losses $850K vs $250K a year earlier; NPLs $21.1M (0.39% of loans) vs $18.5M (0.36%); coverage ratio 261.8% vs 280.8%; ACL $55.2M.
- Nine-month net income $50.6M ($2.91 EPS) vs $45.6M ($2.41); book value per share $38.20 (+2.4%); equity-to-assets 9.72% vs 10.90% a year ago.

## SEC filing metadata
- accession: 0001140361-26-040403
- form_type: 8-K
- ticker: TRST
- cik: 0000357301
- company_name: TRUSTCO BANK CORP N Y
- filed_at: 2026-10-21T20:34:15+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.62
- calibrated_materiality_score: 0.62
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/357301/000114036126040403/0001140361-26-040403-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/357301/000114036126040403/ef20084125_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-040403
- JSON: https://secwatch.observer/filing/0001140361-26-040403.json
- Plain text: https://secwatch.observer/filing/0001140361-26-040403.txt

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