TRST — what changed in the latest 10-Q
A section-by-section comparison of TRST's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-10 vs the prior 10-Q · 2026-05-08
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +52 | −21 | ~52 | 19 |
| Market risk (Item 3) | Text added/removed | +1 | 0 | ~1 | 1 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 3 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | No paragraph-level changes | 0 | 0 | 0 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-10
The Company expects to see continued volatility in the economic markets resulting from governmental responses to inflation and recessionary signs in the economy, as well as uncertainty about the impacts of the conflict in Iran and tariffs. These changing conditions could have impacts on the balance …
An increase of $1.1 million in noninterest income for the second quarter of 2026 compared to the second quarter of 2025 primarily as a result of net gains on equity securities of $844 thousand.
An increase of $2.1 million in noninterest expense for the second quarter of 2026 compared to the second quarter of 2025 primarily as a result of increases in salary and employee benefits and other expenses.
TrustCo recorded net income of $33.3 million, or $1.89 of diluted earnings per share, for the six-months ended June 30, 2026, compared to net income of $29.3 million, or $1.54 of diluted earnings per share, in the same period in 2025. Return on average assets was 1.03% and 0.94%, for the six-months …
The primary factors accounting for the change in net income for the six-months ended June 30, 2026 compared to the same period of the prior year were:
Text removed vs the prior filing · source: 10-Q · 2026-05-08
Partially offset by an increase of $650 thousand in provision for credit losses for the first quarter of 2026 compared to the first quarter 2025.
A decrease of $133 thousand in noninterest income for the first quarter of 2026 compared to the first quarter of 2025.
And an increase of $653 thousand in noninterest expense for the first quarter 2026 compared to the first quarter 2025.
The average balance of securities available for sale decreased by $46.1 million and the average yield increased 32 basis points to 2.94%. The increase in the average yield was not enough to offset the decrease in average balance, resulting in less interest income.
The average balance of loans was $5.27 billion in the first quarter of 2026 up from $5.11 billion in the comparable period in 2025. The yield on loans increased 19 basis points to 4.38%.
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-08-10
Management has determined that no additional disclosures are necessary to assess changes in information about market risk that have occurred since December 31, 2025.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice