TrustCo Bank Corp. NY announced that its board of directors declared a quarterly cash dividend of $0.065625 per share, or $0.2625 per share on an annualized basis. The dividend will be payable July 1, 2013, to shareholders of record at the close of business on June 7, 2013.

TrustCo Bank Corp. NY reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, interest and fees on loans was $31,481,000 against $32,425,000 a year ago. Total interest income was $37,470,000 against $39,293,000 a year ago. Net interest income was $33,605,000 against $33,384,000 a year ago. Net interest income after provision for loan losses was $31,605,000 against $30,284,000 a year ago. Income before taxes was $14,640,000 against $14,158,000 a year ago. Net income was $9,168,000 or $0.097 per basic and diluted share against $8,909,000 or $0.095 per basic and diluted share a year ago. Tangible book value per share was $3.83 against $3.68 a year ago. Book value per share was $3.84 against $3.68 a year ago. Return on average assets was 0.86% against 0.84 a year ago. Return on average equity was $10.35 against $10.45 a year ago. For the quarter, the company reported, total net charge offs of $2,269,000 against $3,282,000 a year ago.

TrustCo Bank Corp. NY announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on Apr 22, 2013