TrustCo Bank Corp NY (TRST) sets $0.38 quarterly dividend, $1.52 annual
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
TrustCo Bank Corp NY announced that its Board of Directors declared a quarterly cash dividend of $0.38 per share, equal to $1.52 per share on an annualized basis. The dividend will be paid on April 1, 2026 to shareholders of record as of March 6, 2026.
Management highlighted the dividend, alongside a share repurchase program and focus on solid business results, as central to its long-term shareholder value strategy. TrustCo is a $6.4 billion savings and loan holding company operating 134 offices across five states through its Trustco Bank subsidiary.
Positive
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8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): February 17, 2026
(Exact name of registrant as specified in its charter)
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(State or Other Jurisdiction of Incorporation or Organization)
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(Commission File No.)
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(IRS Employer Identification No.)
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(Address of principal executive offices)
(518 ) 377-3311
(Registrant’s telephone number,
including area code)
NOT APPLICABLE
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
TrustCo Bank Corp NY
| Item 8.01. |
Other Events
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On February 17, 2026 TrustCo Bank Corp NY (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.38 per share, or $1.52 per share
on an annualized basis. The dividend will be payable on April 1, 2026 to shareholders of record at the close of business on March 6, 2026.
A copy of the press release announcing dividend declaration is attached as Exhibit 99.1 to this report and is incorporated herein by reference.
| Item 9.01. |
Financial Statements and Exhibits
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(c) Exhibits
| Reg S-K Exhibit No. | Description | |
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| 99.1 |
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Press release dated February 17, 2026 announcing that the Board of Directors of TrustCo declared a quarterly cash dividend of $0.38 per share.
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Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
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Dated: February 17, 2026
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TRUSTCO BANK CORP NY
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(Registrant)
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By: | /s/ Michael M. Ozimek | |
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Michael M. Ozimek | ||
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Executive Vice President and
Chief Financial Officer
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Exhibit 99.1
News Release
5 Sarnowski Drive, Glenville, New York 12302
(518) 377-3311 Fax: (518) 381-3668
Subsidiary: Trustco Bank
| Contacts: | Robert M. Leonard |
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Executive Vice President and |
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Chief Operating Officer |
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(518) 381-3693 |
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Lauren A. McCormick |
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Vice President, Treasurer, and
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Assistant Corporate Secretary
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(518) 381-3673
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Delivering Shareholder Value, TrustCo Declares Dividend;
Quarterly Payment of $0.38 Per Share
Glenville, New York – February 17, 2026
The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on February 17, 2026 declared a quarterly cash dividend of $0.38 per share, or $1.52 per share
on an annualized basis. The dividend will be payable on April 1, 2026 to shareholders of record at the close of business on March 6, 2026.
Chairman, President, and Chief Executive Officer Robert J. McCormick said: “The generation of long-term shareholder value is a central focus for our board and
management team. The dividend declared today is a key part of our strategy in this regard, along with our share repurchase program and our keen focus on delivering solid business results. Over time, the historic dependability of our dividend
payments has allowed shareholders to compound their investment in support of building financial security or their other financial goals – such as saving for homeownership, college education, or retirement. It is our goal every day to achieve the
kind of performance that delivers these results. We are pleased that performance again this quarter supports these efforts.”
About TrustCo Bank Corp NY
TrustCo Bank Corp NY is a $6.4 billion savings and loan holding company and through its subsidiary, Trustco Bank, operated 134 offices in New York, New Jersey,
Vermont, Massachusetts, and Florida.
In addition, the Bank’s Wealth Management Department offers a full range of investment services, retirement planning and trust and estate administration services. The
common shares of TrustCo are traded on the NASDAQ Global Select Market under the symbol TRST.
Forward-Looking Statements
All statements in this news release that are not historical are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and
similar references to future developments, results or periods. Examples of forward-looking statements include, among others, statements we make regarding our expectations for our future performance, including our expectations regarding our capital
position and capital management strategy, including our stock repurchase program. Forward-looking statements are based on management’s current expectations as well as certain assumptions and estimates made by, and information available to,
management at the time the statements are made. TrustCo wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made and which are subject to factors and uncertainties that could
cause actual results to differ materially for TrustCo from the views, beliefs and projections expressed in or implied by such statements, including but not limited to, risks and uncertainties relating to future changes in interest rates; external
economic factors, such as changes the interest rate policies of the Federal Reserve Board and other changes in monetary policy, as well as ongoing inflationary pressures and continued elevated prices; exposure to credit risk in our lending
activities; the risk of weakness in residential real estate markets; limitations on our ability to pay dividends; the impact of the manner in which we allocate capital; the risks and uncertainties set forth under the heading “Risk Factors” in our
most recent Annual Report on Form 10-K for the year ended December 31, 2024, and, if any, our subsequent Quarterly Reports on Form 10-Q; the financial, operational and legal risks and uncertainties detailed from time to time in TrustCo’s filings
with the Securities and Exchange Commission, including within the cautionary statements contained in such filings; and the effect of all of such items on our operations, liquidity and capital position, and on the financial condition of our
borrowers and other customers. The forward-looking statements contained in this news release represent TrustCo management’s judgment as of the date of this news release. TrustCo disclaims, however, any intent or obligation to update forward-looking
statements, either as a result of future developments, new information or otherwise, except as may be required by law.
FAQ
What dividend did TrustCo Bank Corp NY (TRST) declare in this 8-K?
TrustCo Bank Corp NY declared a quarterly cash dividend of $0.38 per share, equivalent to $1.52 per share on an annualized basis. The Board of Directors approved this dividend as part of the company’s ongoing focus on delivering long-term value to shareholders through regular cash returns.
When will the new TrustCo (TRST) dividend be paid and what is the record date?
The TrustCo dividend will be payable on April 1, 2026 to shareholders of record at the close of business on March 6, 2026. Investors must own shares by the record date to receive this quarterly $0.38 per share cash payment.
What is the size and footprint of TrustCo Bank Corp NY (TRST)?
TrustCo Bank Corp NY is a $6.4 billion savings and loan holding company. Through its subsidiary Trustco Bank, it operated 134 offices across New York, New Jersey, Vermont, Massachusetts, and Florida, and offers additional wealth management, investment, retirement, and trust and estate services.
What additional capital management tools does TrustCo (TRST) mention besides dividends?
In addition to dividends, TrustCo cites its share repurchase program and focus on delivering solid business results as core elements of its capital management strategy. Management links these tools to generating long-term shareholder value and supporting investors’ financial objectives over time.