UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2023 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ____________________ to ____________________ Commission file number 0-10592 TRUSTCO BANK CORP NY (Exact name of registrant as specified in its charter) NEW YORK 14-1630287 (S ...

Financial Data and Key Metrics Changes - The company reported a year-to-date net income of $58.6 million, yielding a return on average assets of 0.97% and average equity of 9.46% [21] - The consolidated equity to assets ratio was 10.46% for Q4 2023, up from 10% in Q4 2022 [21] - Book value per share increased by 7.5% to $33.92 from $31.54 a year earlier [21] Business Line Data and Key Metrics Changes - Average loans for Q4 2023 grew by 6.6% or $309.9 million to $5 billion, marking an all-time high [36] - Residential loans increased by $192.2 million or 4.26% year-over-year, while commercial loans rose by $50.5 million or 22.6% [36] - Home equity lines of credit increased by $61.8 million or 22.2%, and installment loans grew by $5.5 million or 50.3% [36] Market Data and Key Metrics Changes - Total deposits increased by $158 million to $5.35 billion from the end of 2022, marking a significant recovery [22] - Time deposits were up 16% sequentially, indicating a shift from core to time deposits [15] Company Strategy and Development Direction - The company aims to continue offering competitive product offerings through aggressive marketing and product differentiation [22] - The management is optimistic about the future, particularly regarding the repricing of CDs as rates potentially fall [23] - The company has closed three underperforming branches to enhance efficiency and is evaluating further relocations and closures based on profitability [33][68] Management's Comments on Operating Environment and Future Outlook - Management noted that credit quality remains strong, with non-performing assets at 0.29%, the lowest in over 17 years [20] - The company is confident in its capital position and is prepared to capitalize on future opportunities despite economic uncertainties [34] - Management expressed optimism about the loan growth and the potential for increased activity as interest rates decrease [60] Other Important Information - The provision for credit losses was $1.35 million, reflecting the current economic environment rather than existing credit issues [22] - The wealth management division had approximately $967 million in assets under management as of December 31, 2023 [23] Q&A Session Summary Question: What is the expectation for net interest margin (NIM) with potential Fed rate cuts? - Management indicated that they have already started backing CD rates down and are optimistic about repricing deposits to lower rates later in the year [63] Question: What is driving the increase in the allowance for credit losses (ACL)? - The increase in ACL is driven by macroeconomic factors such as unemployment forecasts and housing numbers, rather than a rise in non-performing loans [65] Question: Are there more initiatives underway to trim expenses? - Management confirmed that they are evaluating branch relocations and closures based on profitability and will continue to assess all options as leases come up for maturity [48] Question: Is a buyback program being considered? - Management expressed interest in buybacks, especially given the current book value situation, but did not commit to a specific timeline [2][49]

Financial Performance - TrustCo recorded net income of $14.7 million, or $0.77 of diluted earnings per share, for Q3 2023, compared to $19.4 million, or $1.01 per share, in Q3 2022, representing a decrease of 24.1% in net income [152]. - For the nine months ended September 30, 2023, net income was $48.8 million, or $2.57 per diluted share, down from $54.3 million, or $2.84 per share, in the same period in 2022, a decline of 10.1% [153]. - Total noninterest income for Q3 2023 was $4.6 million, an increase from $4.4 million in Q3 2022, driven by higher market values of assets under management [208]. - Total noninterest expenses for Q3 2023 were $27.5 million, up from $26.1 million in Q3 2022, with significant increases in salaries and employee benefits, equipment expense, and professional services [210]. - The effective tax rate for Q3 2023 was 23.7%, down from 24.8% in Q3 2022, with income tax expense recognized at $4.6 million compared to $6.4 million in the prior year [214]. Asset and Liability Management - Total assets decreased to $6,045,601 thousand as of September 30, 2023, from $6,182,033 thousand in the same period of 2022, representing a decline of approximately 2.2% [228]. - Total interest-earning assets decreased to $5,920,155 thousand, compared to $6,038,880 thousand in the previous year, reflecting a decline of approximately 2.0% [228]. - Total average interest-bearing deposit accounts decreased by $49.1 million to $4.45 billion, while the average rate paid increased from 0.10% to 1.34% [179]. - The average balance of Federal Funds sold and other short-term investments decreased by $424.3 million, while the average yield increased by 312 basis points [164]. - The average balance of mortgage-backed securities and collateralized mortgage obligations was $278,252 thousand, with an interest rate of 2.21% for the nine months ended September 30, 2023 [233]. Interest Income and Margin - TrustCo experienced an increase in interest expense of $14.1 million from interest-bearing liabilities, while interest income from earning assets increased by $8.5 million, resulting in a decrease in taxable equivalent net interest income of $5.6 million in Q3 2023 compared to Q3 2022 [156]. - For Q3 2023, the net interest margin decreased to 2.85%, down 31 basis points from the prior year [163]. - Interest income on average earning assets increased from $49.0 million in Q3 2022 to $57.6 million in Q3 2023, driven by higher interest rates [165]. - The average interest rate on total interest-earning assets increased to 3.88% from 3.24% year-over-year, reflecting a rise of 64 basis points [228]. - The net interest spread decreased by 58 basis points to 2.55% in Q3 2023 compared to the same period in 2022 [183]. Loan Portfolio and Credit Quality - The average balance of residential mortgage loans increased by 5.3% to $4.33 billion, with the yield rising by 20 basis points to 3.64% [167]. - Nonperforming loans totaled $17.9 million as of September 30, 2023, compared to $18.7 million a year earlier, with a coverage ratio of 264.2% [186]. - The Company recorded a provision for credit losses of $100 thousand in Q3 2023, which includes a provision for loans of $300 thousand, reflecting continued growth in the loan portfolio [197]. - The allowance for loan losses was $47.2 million, representing 0.95% of the loan portfolio, compared to $46.0 million (0.97%) at December 31, 2022 [201]. - The Company has no subprime mortgages or loans with deteriorated credit quality in its loan portfolio as of September 30, 2023 [194]. Capital and Equity - Total shareholders' equity increased to $623.9 million as of September 30, 2023, compared to $589.0 million a year earlier [216]. - The Common Equity Tier 1 (CET1) capital ratio increased to 18.395% as of September 30, 2023, compared to 18.431% at the end of 2022 [219]. - The Total Risk-Based Capital ratio was 19.647% as of September 30, 2023, slightly down from 19.684% at December 31, 2022 [219]. - The consolidated equity to total assets ratio improved to 10.31% as of September 30, 2023, compared to 10.00% at December 31, 2022 [219]. - Shareholders' equity increased to $624,900 thousand as of September 30, 2023, compared to $601,061 thousand in the prior year, representing an increase of approximately 4.0% [228]. Dividends and Share Repurchase - The Company's dividend payout ratio for Q3 2023 was 46.65% of net income, an increase from 34.57% in Q3 2022 [220]. - The per-share dividend paid in Q3 2023 was $0.36, compared to $0.35 in Q3 2022 [220]. - TrustCo maintains a Dividend Reinvestment Plan (DRP) with approximately 6,771 participants, allowing reinvestment of dividends in shares [221]. - A share repurchase program for up to 200,000 shares was authorized on March 17, 2023, but no repurchases occurred during the three and nine months ended September 30, 2023 [222]. Regulatory and Economic Environment - The Federal Reserve increased the target range for the Federal Funds rate by a total of 525 basis points to a range of 5.25% to 5.50% as of September 30, 2023, in response to inflationary pressures [144]. - The FDIC proposed a special assessment on banks with total assets greater than $5.0 billion, expected to generate approximately $15.8 billion in revenue, effective January 1, 2024 [149]. - The average yield on the 10-year Treasury bond increased by 55 basis points to 4.15% in Q3 2023 compared to Q2 2023, and increased by 105 basis points compared to Q3 2022 [160].

TrustCo Bank Corp NY (NASDAQ:TRST) Q3 2023 Earnings Call Transcript October 24, 2023 9:00 AM ET Company Participants Robert J. McCormick - Chairman, President and CEO Michael Ozimek - CFO Scot Salvador - EVP Commercial Banking Conference Call Participants Operator Good day, and welcome to the TrustCo Bank Corp Earnings Call and Webcast. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Be ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to _________ Commission File Number 000-10592 TRUSTCO BANK CORP NY (Exact name of registrant as specified in its charter) NEW YORK 14-1630287 (State or other j ...

TrustCo Bank Corp NY (NASDAQ:TRST) Q2 2023 Earnings Call Transcript July 25, 2023 9:00 AM ET Company Participants Robert J. McCormick - Chairman, President and CEO Michael Ozimek - CFO Scot Salvador - EVP Commercial Banking Conference Call Participants Ian Lapey - Gabelli Funds Nick Ripostella - NR Management Operator Good day, and welcome to TrustCo Bank Corp Earnings Call and webcast. All participants will be in a listen-only mode. [Operator Instructions] Before proceeding, we would like to mention that t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to _________ Commission File Number 000-10592 TRUSTCO BANK CORP NY (Exact name of registrant as specified in its charter) NEW YORK 14-1630287 (State or other ...

TrustCo Bank Corp (NASDAQ:TRST) Q1 2023 Earnings Conference Call April 25, 2023 9:00 AM ET Company Participants Robert McCormick - President & Chief Executive Officer Michael Ozimek - Executive Vice President & Chief Financial Officer Scot Salvador - Executive Vice President & Chief Lending Officer Conference Call Participants Ian Lapey - Gabelli Funds Alex Twerdahl - Piper Sandler Nick Ripostella - NR Management Operator Good day and welcome to the TrustCo Bank Corp Earnings Call and Webcast. [Operator Ins ...

```markdown [Part I](index=4&type=section&id=PART%20I) This section outlines TrustCo Bank Corp NY's business, operations, regulatory environment, human capital, and key risk factors [Business](index=4&type=section&id=Item%201.%20Business) TrustCo Bank Corp NY, a savings and loan holding company, provides banking, trust, and investment services through Trustco Bank - **TrustCo Bank Corp NY** is a savings and loan holding company with its principal subsidiary being **Trustco Bank**, a federal savings bank[13](index=13&type=chunk) - As of year-end 2022, the Bank operated **143 banking offices** and **158 ATMs** across New York, Florida, Vermont, Massachusetts, and New Jersey[15](index=15&type=chunk) - The company's subsidiary, **Trustco Realty Corp.**, is a real estate investment trust (**REIT**) that provides certain New York State tax advantages on its dividend distributions to the Bank[17](index=17&type=chunk) - The company faces **strong competition** from a range of financial institutions, including super-regional banks, money center banks, and local commercial banks, competing on price, service, and location[21](index=21&type=chunk)[22](index=22&type=chunk) [Supervision and Regulation](index=6&type=section&id=Supervision%20and%20Regulation) The company and its bank subsidiary are extensively regulated by federal agencies, maintaining capital ratios exceeding all requirements - The Company and its subsidiaries are primarily supervised and regulated by the **Federal Reserve Board** and the **Office of the Comptroller of the Currency (OCC)**[24](index=24&type=chunk) Regulatory Capital Ratios as of December 31, 2022 | Ratio | Company (%) | Bank (%) | Minimum Requirement (%) | Well-Capitalized Requirement (%) | | :--- | :--- | :--- | :--- | :--- | | **CET1 Capital Ratio** | 18.93 | 18.43 | 4.5 | 6.5 | | **Tier 1 Capital Ratio** | 18.93 | 18.43 | 6.0 | 8.0 | | **Total Capital Ratio** | 20.18 | 19.68 | 8.0 | 10.0 | | **Tier 1 Leverage Ratio** | 10.39 | 10.12 | 4.0 | 5.0 | - As of December 31, 2022, the OCC categorized the Bank as "**well capitalized**" under the prompt corrective action framework[45](index=45&type=chunk) - FDIC deposit insurance expense was **$1.8 million** in both 2022 and 2021. The FDIC increased the initial base deposit insurance assessment rate by **2 basis points**, effective January 1, 2023[57](index=57&type=chunk)[58](index=58&type=chunk) [Human Capital Resources](index=16&type=section&id=Human%20Capital%20Resources) The company focuses on internal talent development, promoting diversity, and retaining employees through equity awards - As of December 31, 2022, the company had **818 employees**, equivalent to **754 full-time employees**[95](index=95&type=chunk) - In 2022, **140 employees** (approximately **17%**) were promoted internally, and employees participated in over **20,000 hours** of training[97](index=97&type=chunk)[98](index=98&type=chunk) - The workforce is composed of approximately **59% female** and **41% male** employees, with **42% ethnically diverse**[101](index=101&type=chunk) - The company has retained **93%** of employees who received officer equity awards since expanding the program in 2019 and 2020[105](index=105&type=chunk) [Risk Factors](index=19&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks including lending, market conditions, compliance, cybersecurity, and climate change [Risks Related to Lending Activities](index=19&type=section&id=Risks%20Related%20to%20Our%20Lending%20Activities) The company is exposed to significant interest rate and credit risks, with potential for insufficient allowance for credit losses - The company is subject to **significant interest rate risk**. Rising interest rates, driven by inflation, positively impact interest income but may negatively affect the housing market, loan demand, and refinancing activity[112](index=112&type=chunk)[113](index=113&type=chunk)[115](index=115&type=chunk) - The company is exposed to **credit risk**, as adverse changes in economic conditions could impact borrowers' ability to repay loans and reduce the value of collateral[119](index=119&type=chunk) - The allowance for credit losses (ACLL) may be **insufficient** to cover expected losses if assumptions about the economy, borrower creditworthiness, or collateral values prove incorrect, potentially requiring material additions that would **decrease net income**[120](index=120&type=chunk) [Risks Related to Market Conditions](index=22&type=section&id=Risks%20Related%20to%20Market%20Conditions) Geographic loan concentration in New York and Florida, global instability, and financial institution soundness pose significant market risks - The company has a geographic concentration of loans in New York (**68.0%**) and Florida (**32.0%**), making it vulnerable to downturns in these local economies and real estate markets[130](index=130&type=chunk) - **Instability in global economic conditions**, geopolitical matters like the conflict in Ukraine, and financial market volatility could adversely affect results of operations[131](index=131&type=chunk)[132](index=132&type=chunk) - The **soundness of other financial institutions** poses a risk, as defaults or rumors about counterparties could lead to market-wide liquidity problems and potential losses[135](index=135&type=chunk) [Risks Related to Compliance and Regulation](index=24&type=section&id=Risks%20Related%20to%20Compliance%20and%20Regulation) Stringent regulatory capital rules, changes in tax laws, and dividend payment limitations pose significant compliance and regulatory risks - **Stringent regulatory capital rules** could slow growth, require raising additional capital, or result in restrictions on dividends and compensation if the company fails to comply[137](index=137&type=chunk)[138](index=138&type=chunk) - **Changes in tax laws**, such as the Inflation Reduction Act's **1%** excise tax on stock repurchases, may adversely affect financial results and capital return strategies[144](index=144&type=chunk)[145](index=145&type=chunk) - The company's ability to pay dividends to stockholders is dependent on receiving dividends from Trustco Bank, which is subject to **regulatory limitations**[148](index=148&type=chunk) [Risks Related to Cybersecurity, Third Parties, and Technology](index=27&type=section&id=Risks%20Related%20to%20Cybersecurity%2C%20Third%20Parties%2C%20and%20Technology) Reliance on third-party vendors, cyber-attacks, and unauthorized data disclosure present significant cybersecurity and operational risks - The company **relies heavily on third-party service providers** for critical systems, and any operational failure or security breach from these vendors could disrupt business[158](index=158&type=chunk) - **Cyber-attacks and security breaches** pose a significant risk, potentially leading to financial loss, reputational damage, litigation, and increased regulatory scrutiny[159](index=159&type=chunk)[164](index=164&type=chunk) - **Unauthorized disclosure of sensitive customer information**, whether through a breach of internal or third-party systems, could severely harm the business[161](index=161&type=chunk) [Other Risks](index=29&type=section&id=Other%20Risks) Climate change presents physical and transition risks, while new tax laws like the Inflation Reduction Act may impact capital allocation - **Climate change** presents physical risks (e.g., extreme weather damaging facilities and collateral) and transition risks (e.g., societal and regulatory responses impacting customers and business operations)[171](index=171&type=chunk)[172](index=172&type=chunk)[174](index=174&type=chunk) - The **Inflation Reduction Act of 2022** imposes a **1%** excise tax on stock repurchases, which may impact future capital allocation decisions[169](index=169&type=chunk) [Unresolved Staff Comments](index=30&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports that it has no unresolved staff comments from the SEC - None[175](index=175&type=chunk) [Properties](index=30&type=section&id=Item%202.%20Properties) The company's executive offices are located in a company-owned facility in Glenville, New York. It operates 143 banking offices, of which 24 are owned and 119 are leased, across its operating states - The Company operates **143 banking offices** in New York, New Jersey, Vermont, Massachusetts, and Florida[176](index=176&type=chunk) - As of December 31, 2022, **24 properties are owned** and **119 are leased** from others[176](index=176&type=chunk) [Legal Proceedings](index=30&type=section&id=Item%203.%20Legal%20Proceedings) According to management, there are no pending legal proceedings that would have a material adverse effect on the company's consolidated financial condition or shareholders' equity - In the opinion of management, there are **no pending proceedings** that, if determined adversely, would be **material** to TrustCo's consolidated shareholders' equity and financial condition[177](index=177&type=chunk) [Mine Safety Disclosures](index=30&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[178](index=178&type=chunk) [Part II](index=32&type=section&id=PART%20II) This section details common equity, financial analysis, market risk, financial statements, and internal controls [Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=32&type=section&id=Item%205.%20Market%20for%20the%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) TrustCo's common stock trades on Nasdaq, with details on stock repurchase activity and dividend payment dependencies - TrustCo's common stock trades on The Nasdaq Stock Market under the symbol "TRST". As of February 23, 2023, there were approximately **7,566 shareholders of record**[181](index=181&type=chunk) Issuer Purchases of Equity Securities (Q4 2022) | Period | Total Shares Purchased | Average Price Paid Per Share | Total Shares Purchased as Part of Publicly Announced Program | Maximum Shares Remaining Under Program | | :--- | :--- | :--- | :--- | :--- | | Oct 2022 | - | - | - | 32,786 | | Nov 2022 | - | - | - | 32,786 | | Dec 2022 | 32,786 | $38.17 | 32,786 | - | | **Total** | **32,786** | **$38.17** | **32,786** | **-** | - A share repurchase program for up to **200,000 shares**, authorized on March 9, 2022, was completed as of December 31, 2022[184](index=184&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=33&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) The information required for Management's Discussion and Analysis (MD&A) is not presented directly in this section but is incorporated by reference from the company's Annual Report to Shareholders for the year ended December 31, 2022, filed as Exhibit 13 - The information required by this item is **incorporated by reference** from TrustCo's Annual Report to Shareholders for the year ended December 31, 2022 (Exhibit 13)[186](index=186&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=33&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The quantitative and qualitative disclosures regarding market risk are incorporated by reference from the company's Annual Report to Shareholders for the year ended December 31, 2022, which is filed as Exhibit 13 - The information required by this item is **incorporated by reference** from TrustCo's Annual Report to Shareholders for the year ended December 31, 2022 (Exhibit 13)[187](index=187&type=chunk) [Financial Statements and Supplementary Data](index=33&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) The company's consolidated financial statements, the report from its independent auditor Crowe LLP, and supplementary financial data are incorporated by reference from the Annual Report to Shareholders for the year ended December 31, 2022, filed as Exhibit 13 - The consolidated financial statements and supplementary data are **incorporated by reference** from TrustCo's Annual Report to Shareholders for the year ended December 31, 2022 (Exhibit 13)[188](index=188&type=chunk) [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=33&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes in or disagreements with its accountants on accounting and financial disclosure - None[189](index=189&type=chunk) [Controls and Procedures](index=33&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management, including the CEO and CFO, evaluated the company's disclosure controls and procedures and concluded they were effective as of December 31, 2022. Management's Report on Internal Control over Financial Reporting is incorporated by reference. There were no material changes to internal controls during the fourth quarter of 2022 - Based on an evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the Company's disclosure controls and procedures were **effective** as of December 31, 2022[191](index=191&type=chunk) - There were **no changes** in the Company's internal control over financial reporting during the quarter ended December 31, 2022, that have materially affected, or are reasonably likely to materially affect, these controls[193](index=193&type=chunk) [Other Information](index=34&type=section&id=Item%209B.%20Other%20Information) The company reports no other information for this item - None[194](index=194&type=chunk) [Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](index=34&type=section&id=Item%209C.%20Disclosure%20Regarding%20Foreign%20Jurisdictions%20that%20Prevent%20Inspections) This item is not applicable to the company - Not applicable[195](index=195&type=chunk) [Part III](index=34&type=section&id=PART%20III) Part III's governance, compensation, and ownership details are incorporated by reference from the Proxy Statement [Directors, Executive Officers and Corporate Governance](index=34&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) Information regarding directors, executive officers, and corporate governance is incorporated by reference from the Company's 2023 Proxy Statement - The information required by this item is **incorporated by reference** from the Company's Proxy Statement for its 2023 Annual Meeting of Shareholders[197](index=197&type=chunk) [Executive Compensation](index=34&type=section&id=Item%2011.%20Executive%20Compensation) Details on executive compensation are incorporated by reference from the Company's 2023 Proxy Statement - The information required by this item is **incorporated by reference** from the Company's Proxy Statement for its 2023 Annual Meeting of Shareholders[198](index=198&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=34&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Information on security ownership of beneficial owners and management is incorporated by reference from the Company's 2023 Proxy Statement - The information required by this item is **incorporated by reference** from the Company's Proxy Statement for its 2023 Annual Meeting of Shareholders[199](index=199&type=chunk) [Certain Relationships, Related Transactions and Director Independence](index=34&type=section&id=Item%2013.%20Certain%20Relationships%2C%20Related%20Transactions%20and%20Director%20Independence) Disclosures regarding certain relationships, related-party transactions, and director independence are incorporated by reference from the Company's 2023 Proxy Statement - The information required by this item is **incorporated by reference** from the Company's Proxy Statement for its 2023 Annual Meeting of Shareholders[200](index=200&type=chunk) [Principal Accountant Fees and Services](index=34&type=section&id=Item%2014.%20Principal%20Accountant%20Fees%20and%20Services) Information concerning principal accountant fees and services is incorporated by reference from the Company's 2023 Proxy Statement - The information required by this item is **incorporated by reference** from the Company's Proxy Statement for its 2023 Annual Meeting of Shareholders[201](index=201&type=chunk) [Part IV](index=35&type=section&id=PART%20IV) This section details the financial statements and exhibits filed with the Form 10-K [Exhibits, Financial Statement Schedules](index=35&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules) This section lists the financial statements and exhibits filed as part of the Form 10-K. It notes that all required financial statement schedules are included within the consolidated financial statements or notes thereto. Key exhibits include the company's articles of incorporation, bylaws, various compensation plans, and the Annual Report to Shareholders (Exhibit 13) - Lists the **consolidated financial statements** of TrustCo and its subsidiaries that are filed as part of the report[204](index=204&type=chunk)[205](index=205&type=chunk)[206](index=206&type=chunk) - States that **all required financial statement schedules** have been included in the consolidated financial statements or related notes, making separate schedules not applicable[207](index=207&type=chunk) - Provides a **detailed index of exhibits** filed with the report, including management contracts, compensation plans, and certifications[209](index=209&type=chunk)[211](index=211&type=chunk)[212](index=212&type=chunk) [Form 10-K Summary](index=39&type=section&id=Item%2016.%20Form%2010-K%20Summary) This item is not applicable to the company - Not applicable[178](index=178&type=chunk) ```

TrustCo Bank Corp NY (NASDAQ:TRST) Q4 2022 Earnings Conference Call January 24, 2023 9:00 AM ET Company Participants Robert McCormick - President, Chief Executive Officer Michael Ozimek - Executive Vice President, Chief Financial Officer Scot Salvador - Executive Vice President, Chief Lending Officer Conference Call Participants Alex Twerdahl - Piper Sandler Ian Lapey - Gabelli Funds Operator Good day and welcome to the TrustCo Bank Corp earnings call and webcast. All participants will be in a listen-only m ...