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 Thursday, March 10, 2016 to discuss year-end financial results. The call featured remarks from CoBank Chief Executive Officer Bob Engel, Chief Financial Officer David Burlage and Board Chairman Everett Dobrinski. A recording of the webcast can be accessed here.


Recent News

  • CoBank Mourns The Death Of Board Member Bill Squires

    Posted 11/21/2016

    CoBank announced today that Bill Squires, a member of the board of directors, passed away unexpectedly on Friday, November 18, 2016.

    Squires had been an elected member of the board since 2015. He was chief executive officer of Blackfoot Telephone Cooperative in Missoula, Montana. He was also the chairman of the board for Alaska Power & Telephone Company and a director for a number of other communications service providers and industry trade organizations.

    "Bill was an outstanding director for CoBank, and we are all tremendously saddened by this tragic news," said CoBank Chairman Everett Dobrinski. "Our thoughts and prayers are with Bill's entire family, and we extend our heartfelt sympathies to them for their loss." Read more...

     

  • CoBank Launches "No Barriers" Program For Veterans With Disabilities From America's Rural Communities

    Posted 11/10/2016

    CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, today announced it is launching a new program for veterans with disabilities from America's rural communities.

    In partnership with its customers and the nonprofit group No Barriers USA , CoBank will sponsor up to 50 veterans from rural areas across the U.S. to participate in outdoor expeditions that challenge them mentally and physically and help them to transform their lives.

    Cooperatives and other eligible CoBank borrowers will be able to nominate veterans from their local communities to participate in the No Barriers Warriors program, with CoBank covering the full cost for each veteran, including travel expenses. Selected veterans will go through the program in 2017.

    "Every American owes an enormous debt of gratitude to the men and women who serve in the armed forces and protect our country," said Bob Engel, CoBank's chief executive officer. "Those who are wounded or injured in the course of duty are even more deserving of our thanks. At CoBank, we want to do our part to honor veterans and repay them for their service to the nation."

  • CoBank Announces Board Election Results

    Posted 9/21/2016

    CoBank today announced results of shareholder elections for the bank's 2017 Board of Directors.

    A total of four board seats were on the ballot. CoBank is in the process of a shareholder-approved downsizing of its board and will have 23 elected directors from six regions in 2017. The bank’s governance bylaws also call for two outside, independent board members with no customer or Farm Credit affiliation and up to four additional appointed directors.

  • CoBank Again Named To Worlds 50 Safest Banks List

    Posted 9/12/2016

    CoBank has been named to Global Finance magazine’s list of the world’s safest banks for a sixth consecutive year.

    Global Finance, which covers the financial services industry, publishes the “World’s 50 Safest Banks” list annually. Banks are ranked using a methodology that includes total assets and an evaluation of long-term ratings from major rating agencies. CoBank was first named to the list in 2011.

    “Supporting rural communities and agriculture with reliable, consistent credit and financial services is central to CoBank’s mission,” said Robert B. Engel, CoBank’s chief executive officer. “Market conditions in many of the industries where our customers operate can be volatile, and our bank’s financial strength helps these critical rural businesses to grow and thrive. We are pleased to have earned this distinction for the sixth year in a row, as we believe it reflects our bank’s commitment to financial stewardship while providing exceptional value to our customers.”

    The ranking will be published in the November issue of Global Finance. Further information is available at the magazine’s web site at www.gfmag.com.

  • Farm Supply Co-ops and Other Ag Retailers Face Tighter Margins, Cyclical Challenges

    Posted 8/25/2016

    Accounts receivable at farm supply co-ops and other ag retailers are growing and so are their challenges, according to a new report from CoBank. After an extended run of impressive financial performances, retailers are adjusting to a tougher economic environment accompanying the down-phase of the current ag commodity cycle.

    Current headwinds are directly related to a sharp decline in commodity prices that has reduced farm income and tightened farm cash flows. A downturn in fertilizer prices and a spate of mergers and acquisitions in the seed and fertilizer industry have aligned to create adversity for ag retailers going forward.

    “The drop in farm income over the past three years is the steepest decrease since the Depression,” says Tanner Ehmke, CoBank senior economist covering, the grains, oilseeds and ethanol, and farm supply sectors. “Producer incomes have fallen more than 50 percent from 2013 to today and their debt-to-income ratio is on the rise. Not surprisingly, total accounts receivable for ag retailers posted an 11 percent gain for 2015, and that’s expected to grow in the year ahead due to ongoing farmer cash flow challenges.”

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