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 Announces Renewal of Sharing Success Charitable Giving Program For 2016

    Posted 3/17/2016

    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 charitable contribution program for 2016. 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. 

  • CoBank Reports Full Year Financial Results For 2015

    Posted 3/1/2016

    CoBank today announced financial results for the full year and fourth quarter of 2015. CoBank reported net income of $936.7 million for the year, up 4 percent from $904.3 million in 2014. The increase was driven primarily by higher net interest income and lower net losses on debt extinguishments. Net interest income increased 3 percent to $1.3 billion, driven by higher average loan volume. Average loan volume rose 8 percent to $83.1 billion.

    “By virtually any financial measure, the year 2015 was one of exceptional performance for CoBank,” said Robert B. Engel, CoBank’s chief executive officer. “The bank recorded its 16th consecutive year of growth in profitability, an accomplishment unlikely matched by any other financial institution in the world. Loan volume and profitability reached all-time highs and credit quality, liquidity and capital levels remained very strong. Most importantly, we continued to serve our customers and fulfill our mission delivering dependable credit and financial services to vital rural industries.” Read more...

  • CoBank Contributes $250,000 To NRECA International Foundation

    Posted 2/18/2016

    CoBank announced today that the bank will contribute $250,000 in continued support of the Foundation’s rural electrification efforts in developing countries.

    “At CoBank, just like at NRECA, we see every day how important reliable, affordable power is to the quality of life and vitality of rural communities,” said Robert B. Engel, chief executive officer of CoBank. “Electrification completely transformed the rural economy here in the U.S. - and was a cornerstone in creating an economic engine for the entire country, as well as a great place for people to live and raise their families. That opportunity should not stop at our borders.” Read more...

  • CoBank Commits $1 Million To Support DC Central Kitchen's Local Foods Initiatives

    Posted 2/4/2016

    DC Central Kitchen, the innovative, Washington, D.C.-based workforce development nonprofit and social enterprise today announced a $1 million commitment from CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States. DC Central Kitchen is dedicated to reducing hunger with recycled food, training unemployed adults for culinary careers, serving healthy school meals, and rebuilding urban food systems through social enterprise.

    With this contribution, CoBank and DC Central Kitchen continue a partnership that began in 2011, when the bank funded the purchase of a refrigeration truck and delivery van, used to move produce grown by family farmers in Virginia’s Shenandoah Valley to DC Central Kitchen’s meal preparation and distribution facilities.  Since then, the organizations have partnered to increase the use of fresh, locally grown produce in DC Central Kitchen’s various nutrition and hunger-relief programs at Washington-area schools, homeless shelters, rehabilitation clinics, and corner stores located in DC neighborhoods without access to fresh fruits and vegetables. Read more...

  • CoBank Report Predicts Easing Of U.S. Protein Glut In 2016

    Posted 1/25/2016

    The supply glut that plagued U.S. beef, pork and poultry markets last year and ratcheted down margins is expected to ease in 2016, according to a new research report from CoBank. The bank, a major agribusiness lender, says leading indicators point to animal protein supplies transitioning toward a better balance in the marketplace, with protein stocks more in line with overall levels of demand.

    “It’s clear that in the coming year, the headwinds and adverse conditions created by excessive protein stocks are clearing,” said Trevor Amen, animal protein economist with CoBank. “Surprisingly strong U.S. consumer demand helped lay the groundwork for improving market conditions in the coming year, combined with the fact that the net trade balance is expected to shift toward growing exports and fewer imports. This is welcome news for U.S. beef, pork and poultry producers.” Read more...

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