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.

Webinar on Capital Plan and Patronage Program Changes for Customer-Owners
CoBank held a webinar about the capital plan and patronage program changes for all active borrowers on Wednesday, August 30, 2017. On the call, CoBank Board Chairman Everett Dobrinski, Chief Executive Officer Tom Halverson and Chief Financial Officer David Burlage provided further detail about the changes. A recording of the webcast can be accessed here.

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

  • CoBank Contributes $250,000 to the National Rural Water Association

    Posted 11/21/2017

    CoBank announced today that it is partnering with the National Rural Water Association to underwrite a program that will target and train the next generation of technical workers needed to ensure the future operation of critical water and wastewater systems in rural communities.

    The $250,000 grant from CoBank will assist the NRWA with the creation of the WaterPro Apprenticeship Program designed to address the looming shortage of experienced personnel at water systems throughout rural America. CoBank's support will be in the form of apprentice scholarships and assistance to the NRWA and state rural water associations to launch and market the program.

    Though still in the early stages of development, the program will create a consistent, nationally recognized standard of training for water and wastewater professionals registered with the Department of Labor. DOL registration means greater value for program participants by ensuring the credentials are transferable to and recognized by rural water systems in the U.S. Development and roll-out of the program is expected to occur over the next two years.

    "More than 80 percent of the nation's approximately 50,000 water systems serve populations of less than 10,000 people," said Tom Halverson, CoBank's president and chief executive officer. "These systems deliver a vital service to rural communities, and yet are having an increasingly difficult time finding the next generation of workers with the knowledge and expertise needed to fill technical roles. We are delighted to be partnering with the NRWA on the forefront of this initiative, and look forward to the benefits it will provide rural America."

  • CoBank to Renew No Barriers Program for Rural Veterans

    Posted 11/8/2017

    CoBank today announced that it is renewing its "No Barriers" program for rural veterans with disabilities in 2018.

    The bank is once again inviting customers to nominate disabled veterans from rural communities to take part in the program, which is offered through a partnership between CoBank and the nonprofit organization No Barriers USA. Participating veterans go on wilderness expeditions in Colorado that challenge them physically and mentally and help them overcome the obstacles they face in their daily lives. CoBank will cover the full cost of participation for up to 50 veterans, including travel expenses, and No Barriers Warriors will oversee the expeditions. 

    "In celebration of Veterans Day, CoBank is delighted to announce the extension of this program and proud to continue partnering with our customers for the benefit of rural veterans," said Tom Halverson, president and chief executive officer at CoBank. "America's rural communities are home to millions of men and women who have sacrificed for their country through military service, many of whom are facing some sort of disability. The No Barriers program provides these veterans with an opportunity to challenge their own limitations - both real and perceived - and to create a network of support that can last a lifetime."

  • Cautious Optimism for Next Three Years in Grains, Ethanol Market

    Posted 11/8/2017

    Rising incomes worldwide will underpin global demand and create opportunities for U.S. exports in grains, oilseeds and ethanol according to a new report from CoBank’s Knowledge Exchange Division. Meanwhile, global commodity surpluses, trade agreement renegotiations, and relative strength of key currencies will set the scope of growth over the next three years.

    “In the absence of major weather disruptions, global grain surpluses are expected to persist over the next three years. Acreage expansions and improvements to yields in competing export hubs will be headwinds for U.S. exports,” said Tanner Ehmke, manager of CoBank’s Knowledge Exchange Division. “The bright spot will be the continual growth in demand. As the global middle class grows, so will the opportunities for U.S. exports.”

    Overall, U.S. grains, oilseeds and ethanol will face mounting competition in export markets, but there are specific considerations for each commodity.

  • CoBank Reports Third Quarter Financial Results

    Posted 11/6/2017

    CoBank today announced financial results for the third quarter and first nine months of 2017.

    Net income for the third quarter was $211.6 million, compared to $231.7 million for the same period last year. The 9 percent decrease resulted primarily from balance sheet positioning activities by the bank, including an increase of $22.8 million in losses on early extinguishments of debt net of prepayment income. For the first nine months of the year, net income increased 2 percent to $734.2 million, primarily due to higher net interest income as well as lower provisions for loan losses and income taxes.

    Net interest income for the quarter rose by 1 percent to $338.5 million, primarily driven by higher average loan volume offset by slightly lower margins in the bank's loan portfolio. For the first nine months of the year, net interest income increased 2 percent to $1,041.8 million. In addition to lower margins, a decrease in fair value accretion income related to CoBank's 2012 merger with U.S. AgBank also negatively impacted net interest income in both the quarter and year-to-date periods.

  • Faye Tate Named CoBanks Vice President of Diversity and Inclusion

    Posted 10/20/2017

    CoBank announced that Faye Tate has been appointed as the bank’s vice president of diversity and inclusion.

    Tate is well-known in the field of diversity and inclusion, having a proven track record in successfully developing and implementing strategic diversity and inclusion plans for multiple organizations. Tate most recently served as the director for global diversity and inclusion with CH2M, a global Fortune 500 company based in Denver. Before she joined CH2M in 2001, she spent six years at Kaiser Hill Company, where she managed diversity and inclusion, and began her career with Colorado National Bank in 1983.

    Tate has received many honors for her work to include being named one of the 25 Most Powerful Women in Denver by the Colorado Women’s Chamber and a Woman of Distinction by the Girls Scouts of America (Colorado). She is a graduate of Leadership Denver and has received the Distinguished Warrior Award from The Urban League of Metropolitan Denver, the Ally Award from One Colorado and The Paul R. Hunter Award from the Colorado Human Rights Campaign.

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