TrustCo Bank Corp (NASDAQ: TRST) maintains $0.38 quarterly dividend
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
TrustCo Bank Corp NY disclosed 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 is payable on July 1, 2026 to shareholders of record at the close of business on June 5, 2026.
Management highlighted that company performance continues to support its long-standing dividend policy and noted strong shareholder support for directors and executive compensation at the 2026 annual meeting. TrustCo is a $6.5 billion savings and loan holding company operating 132 offices across several Northeast states and Florida.
Positive
- None.
Negative
- None.
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.
Key Figures
Quarterly dividend: $0.38 per share
Annualized dividend: $1.52 per share
Dividend payable date: July 1, 2026
+3 more
6 metrics
Quarterly dividend
$0.38 per share
Declared May 19, 2026 by Board of Directors
Annualized dividend
$1.52 per share
Equivalent of the $0.38 quarterly dividend
Dividend payable date
July 1, 2026
Payment date for declared quarterly dividend
Record date
June 5, 2026
Shareholders of record eligible for dividend
Company size
$6.5 billion
Savings and loan holding company size description
Branch offices
132 offices
Trustco Bank locations across NY, NJ, VT, MA, FL
Key Terms
quarterly cash dividend, annualized basis, shareholders of record, savings and loan holding company, +1 more
5 terms
quarterly cash dividend financial
"declared a quarterly cash dividend of $0.38 per share"
A quarterly cash dividend is a payment made by a company to its shareholders four times a year, usually based on its profits. It is like a regular bonus or reward for owning the company's stock, providing shareholders with income. Many investors see these payments as a sign of the company's stability and its ability to generate consistent profits.
annualized basis financial
"or $1.52 per share on an annualized basis"
Annualized basis means converting a return, rate, or growth observed over a shorter period into the equivalent over a full year, so different time spans can be compared directly. Think of it like measuring how many miles you’d drive in a year based on a week’s trips; investors use it to compare performance, interest rates, or growth, but it’s a projection and doesn’t guarantee the same pace will continue for the full year.
savings and loan holding company financial
"TrustCo Bank Corp NY is a $6.5 billion savings and loan holding company"
forward-looking statements regulatory
"All statements in this news release that are not historical are forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
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): May 19, 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).
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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 May 20, 2026 TrustCo Bank Corp NY (the “Company”) announced that on May 19, 2026 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 July 1, 2026 to shareholders of record at the close of business on June 5, 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.
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Financial Statements and Exhibits
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Reg S-K Exhibit No.
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Description
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99.1
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Press release dated May 20, 2026 announcing that on May 19, 2026 the Board of Directors of TrustCo declared a quarterly cash dividend of $0.38 per share.
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104
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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: May 20, 2026
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TRUSTCO BANK CORP NY
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(Registrant)
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By:
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/s/ Michael M. Ozimek
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Michael M. Ozimek
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Executive Vice President and
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Chief Financial Officer
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Exhibit 99.1
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News Release
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5 Sarnowski Drive, Glenville, New York 12302
(518) 377-3311 Fax: (518) 381-3668
Subsidiary: Trustco Bank
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Contacts:
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Robert M. Leonard
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Executive Vice President and
Chief Operating Officer
(518) 381-3693
Lauren A. McCormick
Vice President, Treasurer, and
Assistant Corporate Secretary
(518) 381-3673
TrustCo Announces Declaration of Quarterly Dividend of $0.38 Per Share;
Notes Strong Shareholder Support at 2026 Annual Meeting
Glenville, New York – May 20, 2026
The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on May 19, 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 July 1, 2026 to shareholders of record at the close of business on June 5, 2026.
Chairman, President, and Chief Executive Officer Robert J. McCormick said: “We are very pleased that the performance of the company continues to support our
century-long commitment to a meaningful quarterly dividend. We are proud to announce the declaration of a cash dividend again this quarter. We believe that the strong shareholder support for our directors and the compensation of our named
executive officers at our annual meeting yesterday is a vote of confidence in the way the bank is being run, including the capital and dividend policies.”
About TrustCo Bank Corp NY
TrustCo Bank Corp NY is a $6.5 billion savings and loan holding company and through its subsidiary, Trustco Bank, operated 132 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 May 2026?
TrustCo Bank Corp NY declared a quarterly cash dividend of $0.38 per share, or $1.52 per share annualized. The Board approved the dividend on May 19, 2026, continuing the company’s long-standing focus on returning cash to shareholders.
When is the TrustCo (TRST) July 2026 dividend payable and what is the record date?
The declared dividend is payable on July 1, 2026 to shareholders of record at the close of business on June 5, 2026. Investors must be recorded as shareholders by that date to receive the payment.
How large is TrustCo Bank Corp NY (TRST) and where does it operate?
TrustCo Bank Corp NY is a $6.5 billion savings and loan holding company. Through its Trustco Bank subsidiary, it operates 132 offices in New York, New Jersey, Vermont, Massachusetts, and Florida, plus wealth management and trust services.
What risks does TrustCo (TRST) highlight in its forward-looking statements disclaimer?
TrustCo cites risks from future interest rate changes, inflationary pressures, residential real estate weakness, credit risk in lending, and limitations on paying dividends. It also references broader risk factors in its latest Form 10-K and subsequent Form 10-Q filings.