TrustCo Bank Corp N.Y. Q1 2025 10-Q Filing

Ticker: TRST · Form: 10-Q · Filed: 2025-05-09T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, bank

TL;DR

TrustCo Bank's Q1 2025 10-Q is in. Financials look steady.

AI Summary

TrustCo Bank Corp N.Y. filed its 10-Q for the period ending March 31, 2025. The filing details financial performance and position for the first quarter of 2025, including balance sheet items like accumulated other comprehensive income, common stock, and retained earnings. The company is a commercial bank incorporated in New York.

Why It Matters

This filing provides investors with a quarterly update on TrustCo Bank's financial health, crucial for assessing its performance and stability in the banking sector.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial information for a publicly traded bank.

Key Numbers

2025-03-31 — Period End Date (Financial reporting period)
2025-01-01 — Period Start Date (Financial reporting period)
2024-03-31 — Prior Year Quarter End (For comparative analysis)

Key Players & Entities

TRUSTCO BANK CORP N Y (company) — Filer
0000357301 (company) — Central Index Key
NY (location) — State of Incorporation
20250331 (date) — Conformed Period of Report
20250509 (date) — Filed as of Date

FAQ

What were the key changes in TrustCo Bank's balance sheet items during the first quarter of 2025?

The filing indicates changes in accounts such as us-gaap:AccumulatedOtherComprehensiveIncomeMember, us-gaap:CommonStockMember, and us-gaap:RetainedEarningsMember between the periods ending March 31, 2025, and December 31, 2024.

What is TrustCo Bank's primary business activity?

TrustCo Bank Corp N.Y. operates in the State Commercial Banks sector, as indicated by its Standard Industrial Classification code [6022].

When was TrustCo Bank Corp N.Y. incorporated?

The company was incorporated in New York (NY).

What is the filing date of this 10-Q report?

This 10-Q report was filed as of May 9, 2025.

What fiscal year end does TrustCo Bank observe?

TrustCo Bank Corp N.Y. has a fiscal year end of December 31 (1231).

From the Filing

0001140361-25-018154.txt : 20250509 0001140361-25-018154.hdr.sgml : 20250509 20250509160112 ACCESSION NUMBER: 0001140361-25-018154 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 78 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250509 DATE AS OF CHANGE: 20250509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRUSTCO BANK CORP N Y CENTRAL INDEX KEY: 0000357301 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance EIN: 141630287 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-10592 FILM NUMBER: 25930173 BUSINESS ADDRESS: STREET 1: 6 METRO PARK ROAD CITY: ALBANY STATE: NY ZIP: 12205 BUSINESS PHONE: 5183773311 MAIL ADDRESS: STREET 1: 6 METRO PARK ROAD CITY: ALBANY STATE: NY ZIP: 12205 10-Q 1 ef20047600_10q.htm 10-Q false 12-31 2025 Q1 0000357301 NY NY http://fasb.org/us-gaap/2024#MarketApproachValuationTechniqueMember http://fasb.org/us-gaap/2024#MarketApproachValuationTechniqueMember http://fasb.org/us-gaap/2024#MeasurementInputComparabilityAdjustmentMember http://fasb.org/us-gaap/2024#MeasurementInputComparabilityAdjustmentMember 0000357301 2025-01-01 2025-03-31 0000357301 2025-04-30 0000357301 2024-01-01 2024-03-31 0000357301 2025-03-31 0000357301 2024-12-31 0000357301 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000357301 2023-12-31 0000357301 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0000357301 us-gaap:RetainedEarningsMember 2023-12-31 0000357301 us-gaap:CommonStockMember 2023-12-31 0000357301 us-gaap:TreasuryStockCommonMember 2023-12-31 0000357301 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0000357301 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0000357301 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0000357301 us-gaap:TreasuryStockCommonMember 2025-01-01 2025-03-31 0000357301 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-01-01 2025-03-31 0000357301 us-gaap:CommonStockMember 2025-01-01 2025-03-31 0000357301 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0000357301 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0000357301 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0000357301 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0000357301 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0000357301 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0000357301 us-gaap:TreasuryStockCommonMember 2024-12-31 0000357301 us-gaap:RetainedEarningsMember 2025-03-31 0000357301 us-gaap:TreasuryStockCommonMember 2025-03-31 0000357301 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0000357301 2024-03-31 0000357301 us-gaap:RetainedEarningsMember 2024-03-31 0000357301 us-gaap:RetainedEarningsMember 2024-12-31 0000357301 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0000357301 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-03-31 0000357301 us-gaap:CommonStockMember 2025-03-31 0000357301 us-gaap:CommonStockMember 2024-03-31 0000357301 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0000357301 us-gaap:TreasuryStockCommonMember 2024-03-31 0000357301 us-gaap:CommonStockMember 2024-12-31 0000357301 us-gaap:HeldtomaturitySecuritiesMember 2025-01-01 2025-03-31 0000357301 us-gaap:AvailableforsaleSecuritiesMember 2025-01-01 2025-03-31 0000357301 us-gaap:EmployeeStockOptionMember 2025-01-01 2025-03-31 0000357301 us-gaap:EmployeeStockOptionMember 2024-01-01 2024-03-31 0000357301 us-gaap:PensionPlansDefinedBenefitMember 2025-01-01 2025-03-31 0000357301 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2025-01-01 2025-03-31 0000357301 us-gaap:PensionPlansDefinedBenefitMember 2024-01-01 2024-03-31 0000357301 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2024-01-01 2024-03-31 0000357301 trst:SmallBusinessAdministrationGuaranteedParticipationSecuritiesMember 2024-12-31 0000357301 trst:SmallBusinessAdministrationGuaranteedParticipationSecuritiesMember 2025-03-31 00003