CoBank is a cooperatively organized financial services institution capitalized primarily by eligible borrowers, who earn equity over time commensurate with the amount of business they do with the organization. We are also capitalized by our preferred stockholders.
CoBank does not have publicly traded common stock and is not a registrant with the Securities and Exchange Commission. However, as a regulated member of the Farm Credit System, the bank releases its financial results on a quarterly basis, similar to a public company. Our financial statements are designed to provide customer-owners and other stakeholders with an accurate, transparent view of CoBank’s ongoing financial performance.
For copies of previously issued news releases, financial statements and bank publications, please click on the links at right.
Year-end Earnings Webcast Information:
CoBank held its annual conference call and webcast on Wednesday, March 11. The 60-minute call will featured a presentation of 2014 financial highlights and Q&A with CoBank executives. To watch a recording of the webcast, click HERE
The agricultural markets are experiencing rippling effects from lower price environments amid mounting inventories, plunging oil and gas prices and a strong U.S. dollar, according to the new Quarterly Industry Review from CoBank. The report provides insights and projections for agribusiness, energy, water and communications industries.
CoBank today announced the renewal of its “Sharing Success” charitable contribution program for 2015. The bank’s board of directors has approved a commitment of $3 million for the program, which will be used to match donations by cooperative and other eligible customers to nonprofit organizations in their communities. The bank will match donations on a dollar-for-dollar basis, from a minimum of $1,000 up to a maximum of $5,000 per customer.
CoBank today announced financial results for the full year and fourth quarter of 2014. CoBank reported net income of $904.3 million for the year, up 6 percent from $856.5 million in 2013. The increase was driven primarily by higher net interest income. Net interest income increased 6 percent to $1.2 billion, driven by higher average loan volume as well as increased earnings from the bank’s balance sheet positioning. Average loan volume rose 7 percent to $76.6 billion.
U.S. equity markets continue to demonstrate remarkable strength. Over the past two years, major stock indices have recorded substantial gains: over 30 percent for the Dow Jones Industrial Average, over 40 percent for the S&P 500, and over 50 percent for the NASDAQ. And all three have continued to hit all-time highs in 2015. It has been great news for all sorts of equity investors – from pension funds and other institutions to average Americans with 401(k)s. And the gains have come despite the looming prospect of a rate hike by the Federal Reserve, which most expect will take the some of the air out of stocks by increasing bond yields.
The beekeeping industry’s battle against its leading insect nemesis is set to receive a boost, thanks to a recent $100,000 contribution from two of the state’s largest agricultural lenders. The grant, from CoBank and American AgCredit, will fund research that will provide growers with healthier bees resulting in better pollination and increased crop yields.