TrustCo Bank (NASDAQ: TRST) raises dividend, Oct. 1 payout
Rhea-AI Filing Summary
TrustCo Bank Corp NY (TRST) announced that its Board of Directors declared an increased quarterly cash dividend of $0.40 per share, equal to $1.60 per share annually. This dividend is 5.3% higher than the prior quarterly dividend.
The dividend will be paid on October 1, 2026 to shareholders of record at the close of business on September 4, 2026. Management states that solid earnings and a strong capital position support both this higher dividend and a share repurchase program.
TrustCo is a $6.5 billion savings and loan holding company that, through its subsidiary Trustco Bank, operated 133 offices across New York, New Jersey, Vermont, Massachusetts, and Florida as of July 31, 2026.
Positive
- Board declared a $0.40 quarterly dividend, a 5.3% increase, signaling confidence in earnings and capital.
- The new dividend equates to $1.60 per share annually, enhancing the stock’s income profile for shareholders.
Negative
- None.
Filing Explained
Management’s statements that the dividend increase may improve the stock’s attractiveness or market capitalization are expressly forward-looking, not reported outcomes; the release also identifies limits on dividend payments as a risk.
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: $0.40 per share
Annualized dividend: $1.60 per share
Dividend increase: 5.3%
+4 more
7 metrics
Quarterly dividend
$0.40 per share
Increased quarterly cash dividend declared by the Board
Annualized dividend
$1.60 per share
Annualized rate based on the new quarterly dividend
Dividend increase
5.3%
Percentage increase over the prior quarterly dividend amount
Total assets
$6.5 billion
Size of TrustCo Bank Corp NY as a savings and loan holding company
Bank offices
133 offices
Offices operated by Trustco Bank as of July 31, 2026
Dividend payment date
October 1, 2026
Payment date for the increased quarterly dividend
Dividend record date
September 4, 2026
Shareholders of record date for receiving the dividend
Key Terms
quarterly cash dividend, savings and loan holding company, capital deployment strategy, repurchase program, +1 more
5 terms
quarterly cash dividend financial
"declared an increased quarterly cash dividend of $0.40 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.
savings and loan holding company financial
"TrustCo Bank Corp NY is a $6.5 billion savings and loan holding company"
capital deployment strategy financial
"support a capital deployment strategy that simultaneously enables a robust repurchase program"
repurchase program financial
"enables a robust repurchase program and an increase in the already-meaningful quarterly dividend"
A repurchase program is when a company buys back its own shares from the open market. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's future. For investors, it often suggests that the company believes its stock is undervalued and can be a sign of financial strength.
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.
FAQ
What dividend did TrustCo Bank Corp NY (TRST) just declare?
TrustCo declared an increased quarterly cash dividend of $0.40 per share, which equals $1.60 per share on an annualized basis. The company notes this reflects its solid earnings and strong capital position.
By how much did TrustCo (TRST) increase its dividend?
The quarterly dividend was increased by 5.3% over the prior amount. This percentage increase reflects the Board’s decision to share more of TrustCo’s earnings with shareholders through a higher regular payout.
When will TrustCo’s new dividend be paid and what is the record date?
The increased dividend will be payable on October 1, 2026 to shareholders of record at the close of business on September 4, 2026. Investors holding TRST on the record date will be entitled to this payment.
What does the filing say about TrustCo’s capital and earnings position?
Management states that TrustCo’s earnings and balance sheet management support a capital deployment strategy that includes both a robust repurchase program and a higher dividend, indicating confidence in its financial strength and flexibility.
How large is TrustCo Bank Corp NY (TRST) and where does it operate?
TrustCo is a $6.5 billion savings and loan holding company. As of July 31, 2026, its subsidiary Trustco Bank operated 133 offices across New York, New Jersey, Vermont, Massachusetts and Florida, along with wealth management services.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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): August 18, 2026
(Exact name of registrant as specified in its charter)
|
|
|
|
|
(State or Other Jurisdiction of Incorporation)
|
(Commission File No.)
|
(IRS Employer Identification No.)
|
|
|
|
|
|
(Address of Principal Executive Offices)
|
(Zip Code)
|
(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:
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Securities registered pursuant to Section 12(b) of the Act:
|
Title of each class
|
Trading Symbol(s)
|
Name of each exchange on which registered
|
|||
|
|
|
|
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
|
On August 18, 2026, TrustCo Bank Corp NY (“TrustCo”) issued a press release announcing that its Board of Directors declared an increased quarterly cash dividend of $0.40
per share, or $1.60 per share on an annualized basis. The declared dividend represents an increase of 5.3% over the prior dividend amount. The dividend will be payable on October 1, 2026 to shareholders of record at the close of business on
September 4, 2026.
A copy of the press release announcing the dividend declaration is attached as Exhibit 99(a) to this report and is incorporated herein by reference.
| Item 9.01. |
Financial Statements and Exhibits
|
| (c) |
Exhibits |
|
Reg S-K Exhibit No.
|
Description
|
|
99(a)
|
Press release dated August 18, 2026 announcing that the Board of Directors of TrustCo declared a quarterly cash dividend of $0.40 per share.
|
|
|
104
|
Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.
|
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.
|
Dated: August 18, 2026
|
|||
|
TRUSTCO BANK CORP NY
|
|||
|
(Registrant)
|
|||
|
By:
|
/s/ Michael M. Ozimek
|
||
|
Michael M. Ozimek
|
|||
|
Executive Vice President and
|
|||
|
Chief Financial Officer
|
|||
Exhibit 99(a)
 |
|
| News Release |
5 Sarnowski Drive, Glenville, New York 12302
(518) 377-3311 Fax: (518) 381-3668
Subsidiary: Trustco Bank
|
Contact:
|
Robert M. Leonard
Executive Vice President and Chief Operating Officer
(518) 381-3693
|
TrustCo Increases Dividend 5.3%: Long-Term Commitment to Payouts Supported by
Solid Earnings and Strong Capital Position
More Great News For Our Shareholders
Glenville, New York – August 18, 2026
The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on August 18, 2026 declared an increased quarterly cash dividend of $0.40 per share, or $1.60 per
share on an annualized basis. The declared dividend represents an increase of 5.3% over the prior dividend amount. The dividend will be payable on October 1, 2026 to shareholders of record at the close of business on September 4, 2026.
Chairman, President, and Chief Executive Officer Robert J. McCormick said: “TrustCo’s commitment to paying a meaningful dividend is legendary – it spans more than a
century. We are very pleased to announce that the company’s earnings and balance sheet management support a capital deployment strategy that simultaneously enables a robust repurchase program and an increase in the already-meaningful quarterly
dividend. Our dividend payout no doubt has played a role in the growth in the company’s share price that we have seen over the past two years and the increase announced today will boost the dividend yield, making the stock even more attractive to
investors. We are optimistic that these factors will work together to further increase our market capitalization.”
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 133 offices in New York, New Jersey, Vermont,
Massachusetts, and Florida as of July 31, 2026.
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 with respect to the impact of the change in dividend yield on the
attractiveness of TrustCo’s stock to investors, as well as the impact of TrustCo’s capital deployment strategy, dividend yield and other factors on its future market capitalization. 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, 2025, 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.