TrustCo Bank Corp NY (TRST) boosts quarterly cash dividend 5.6%

Rhea-AI Filing Summary

TrustCo Bank Corp NY disclosed that its Board of Directors approved an increased quarterly cash dividend of $0.38 per share, which equals $1.52 per share on an annualized basis. This new rate represents a 5.6% increase over the company’s prior dividend, signaling a modest step-up in cash returns to shareholders. The dividend is scheduled to be paid on October 1, 2025 to shareholders who are on record as of the close of business on September 5, 2025. The company also noted that more details are available in a press release, which has been filed as an exhibit.

Insights

Equity income & dividends analyst

TrustCo lifts its quarterly dividend by 5.6%, modestly boosting income.

The company’s Board raised the quarterly cash dividend to $0.38 per share, or $1.52 on an annualized basis, a 5.6% increase over the prior rate. A dividend increase often reflects management’s view that earnings and capital levels can support higher ongoing cash distributions.

The payout will be made on October 1, 2025 to shareholders of record on September 5, 2025, setting clear timelines for eligibility and payment. Subsequent filings may provide additional context on how this higher dividend fits with TrustCo’s broader capital and growth plans.

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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 19, 2025

TrustCo Bank Corp NY

(Exact name of registrant as specified in its charter)

NEW YORK	000-10592	14-1630287
(State or Other Jurisdiction of Incorporation)	(Commission File No.)	(IRS Employer Identification No.)

5 SARNOWSKI DRIVE, GLENVILLE, NEW YORK		12302
(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
	Common Stock, $1.00 par value		TRST		Nasdaq Global Select Market

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 19, 2025, TrustCo Bank Corp NY (“TrustCo”) issued a press release announcing that its Board of Directors declared an increased quarterly cash dividend of $0.38 per share, or $1.52 per share on an annualized basis.   The declared dividend represents an increase of 5.6% over the prior dividend amount.  The dividend will be payable on October 1, 2025 to shareholders of record at the close of business on September 5, 2025.

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

(c) Exhibits

	Reg S-K Exhibit No.	Description
	99(a)	Press release dated August 19, 2025 announcing that the Board of Directors of TrustCo declared a quarterly cash dividend of $0.38 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 19, 2025

	TRUSTCO BANK CORP NY
	(Registrant)
	By:	/s/ Michael M.  Ozimek

Michael M.  Ozimek

Executive Vice President and

Chief Financial Officer

FAQ

What dividend did TrustCo Bank Corp NY (TRST) just declare?

TrustCo Bank Corp NY declared a quarterly cash dividend of $0.38 per share, which is equivalent to $1.52 per share on an annualized basis.

How much did TrustCo Bank Corp NY (TRST) increase its dividend by?

The new $0.38 per share quarterly dividend represents a 5.6% increase over TrustCo Bank Corp NY’s prior dividend amount.

When will TrustCo Bank Corp NY (TRST) pay the new dividend?

The increased dividend from TrustCo Bank Corp NY will be payable on October 1, 2025.

What is the record date for TrustCo Bank Corp NY’s latest dividend?

Shareholders of TrustCo Bank Corp NY must be on record as of the close of business on September 5, 2025 to receive the dividend.

Where can investors see more details about TrustCo Bank Corp NY’s dividend announcement?

Additional details are provided in a press release dated August 19, 2025, which is filed as Exhibit 99.1 and incorporated by reference.