TrustCo Bank Corp NY 2025年季度报告

Form10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedJune 30, 2025OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from __________ to _________ Commission File Number000-10592 TRUSTCO BANK CORP NY (Exact name of registrant as specified in its charter) NEW YORK14-1630287(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) 12302(Zip Code) (518)377-3311(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.☒Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S‑T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company.See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b‑2 of the Exchange Act. Accelerated filer☒Smaller reporting company☐Emerging growth company☐ Large accelerated filer☐Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐Yes☒No Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. Number of Shares Outstandingas of July 31, 202518,851,014 Common Stock$1.00 Par Value TrustCo Bank Corp NY INDEX DESCRIPTIONPAGE NO.Cautionary Note Regarding Forward-Looking Statements3Part I.FINANCIAL INFORMATIONItem 1.Consolidated Interim Financial Statements (Unaudited):Consolidated Statements of Income for the three month and six-month periods ended June 30, 2025 and20246Consolidated Statements of Comprehensive Income for the three month and six-month periods ended June30, 2025 and 20247Consolidated Statements of Financial Condition as of June 30, 2025 and December 31, 20248Consolidated Statements of Changes in Shareholders’ Equity for the three month and six-month periodsended June 30, 2025 and 20249Consolidated Statements of Cash Flows for the three month and six-month periods ended June 30, 2025 and202410Notes to Consolidated Interim Financial Statements11-50Report of Independent Registered Public Accounting Firm51Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations52-71Item 3.Quantitative and Qualitative Disclosures About Market Risk72Item 4.Controls and Procedures72Part II.OTHER INFORMATIONItem 1.Legal Proceedings73Item 1A.Risk Factors73Item 2.Unregistered Sales of Equity Securities and Use of Proceeds74Item 3.Defaults Upon Senior Securities74Item 4.Mine SafetyDisclosures74Item 5.Other Information74Item 6.Exhibits75 Index Cautionary Note Regarding Forward-LookingStatementsStatements included in this report and in future filings by TrustCo with the Securities and Exchange Commission, in TrustCo’s press releases, and in oral statements made with the approval of an authorized executive officer that are not historical or current facts, are“forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 andare subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and thosepresently anticipated or projected.Forward-looking statements can be identified by the use of such words as may, will, should, could,would, estimate, project, believe, intend, anticipate, plan, seek, expect and similar expressions.TrustCo wishes to caution readers notto place undue reliance on any such forward-looking statements, which speak only as of the date made. In addition to factors described under Part II, Item 1A, Risk Factors, and under the Risk Factor discussion in TrustCo’s Annual Reporton Form 10-K for the year ended December 31, 2024, the factors listed below, among others, in some cases have affected and in thefuture could affect TrustCo’s actual results and could cause TrustCo’s actual financial