Newsroom & Financials

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 a conference call and webcast on Tuesday, March 7, 2017 to discuss year-end financial results. The call featured remarks from CoBank Chief Executive Officer Tom Halverson, Chief Financial Officer David Burlage and Board Chairman Everett Dobrinski. A recording of the webcast can be accessed here.


Recent News

  • Consumer Demand Drives Organic Milk Industry Expansion

    Posted 4/11/2017

    Despite the current excess supply environment, rising demand points to a bright future for the U.S. organic milk industry, leading a record number of dairies to transition to organic milk production according to a new report from CoBank. Organic milk generates the highest sales of any certified organic commodity, and steady demand growth will lift organic fluid milk market share and further stimulate product innovation.

    “The substantial gap between organic and conventional on-farm milk prices, combined with more price stability, is driving the transition,” says Ben Laine, CoBank senior dairy economist. “We are seeing increasing herd sizes for many existing organic dairies looking to take advantage of size efficiencies and price premiums.” Read more...

  • CoBank Announces Launch Of 2017 Sharing Success Program

    Posted 3/23/2017

    CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, today announced the renewal of its Sharing Success program for 2017. The $3 million fund is a cornerstone of CoBank’s corporate citizenship efforts, matching donations by the bank’s cooperative and other eligible customers to nonprofit organizations in their communities.

  • CoBank Announces $150,000 Matching Fund to Support Wildfire Relief Efforts in Kansas, Oklahoma and Texas

    Posted 3/16/2017

    CoBank today announced it is launching a $150,000 charitable fund to support wildfire relief efforts throughout the states of Kansas, Oklahoma and Texas.

    Recent fires have impacted farming and ranching communities in all three states, burning hundreds of thousands of acres, destroying property and killing livestock. In Kansas, an estimated 700,000 acres have burned throughout more than 20 counties in the state’s southwest and central regions. In Oklahoma, the Forestry Service has estimated that approximately 400,000 acres have burned and a state of emergency has been declared in 22 counties. An estimated 325,000 acres have burned throughout the Texas panhandle.

    “These wildfires have had a devastating impact,” said Tom Halverson, CoBank’s president and chief executive officer. "CoBank is committed to working hand-in-hand with our customers, other Farm Credit organizations and local relief agencies to support farmers, ranchers and other victims of these fires in impacted communities.” Read more...

  • Citigroup's Timothy Curran Appointed As CoBank Chief Risk Officer

    Posted 3/15/2017

    CoBank today announced that Citigroup's Timothy Curran has been named as the bank's new Chief Risk Officer.

    Curran, 51, currently serves as Head of Risk Management for Citi's Treasury & Trade Solutions business, which provides cash management and trade finance services to multinational corporations, financial institutions and public sector organizations around the world.  Curran previously served as Managing Director / Head of Risk Management for Citi Holdings, which was established in the wake of the 2008-2009 financial crisis to dispose of Citi's distressed and non-core assets. Before that he served in a variety of other executive positons with the company, including senior credit officer for Citi's power, energy, chemicals, mining and metals loan portfolio and as senior market risk officer for commodity trading. Prior to joining Citi in 2003, Curran worked in risk management and other roles for FleetBoston Financial Corp., BankBoston, Cargill and a number of other firms. A graduate of Boston College, Curran is a former U.S. Army Reserve captain and a veteran of the 1991 Gulf War. He also holds a Chartered Financial Analyst designation. Read more...

  • CoBank Reports Full Year Financial Results for 2016

    Posted 2/23/2017

    CoBank today announced financial results for the full year and fourth quarter of 2016.

    Net income for the year rose 1 percent to $945.7 million, reflecting increased net interest income offset by a greater provision for loan losses as well as higher Farm Credit insurance fund premiums and other operating expenses. Net interest income increased by 7 percent to $1.4 billion, as a result of higher loan volume and increased earnings from balance sheet positioning, partially offset by lower spreads in the bank's loan and investment portfolios. CoBank's average loan volume increased 10 percent in 2016, to $91.6 billion, driven by higher levels of borrowing from affiliated Farm Credit associations, grain cooperatives, food and agribusiness companies, rural electric cooperatives and communications service providers.

    For the fourth quarter of 2016, net income was $227.3 million compared to $236.3 million in the same period of 2015. Earnings declined primarily due to a $15 million provision for loan losses taken during the fourth quarter of 2016, which more than offset the positive impacts of higher net interest income. Net interest income for the quarter increased 3 percent to $345.0 million as a result of higher average loan volume. Average loan volume increased 7 percent during the period, to $93.2 billion. Read more...

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