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
Farm income in the United States will continue to be challenged by a confluence of global economic factors – mounting supplies of grain and oilseeds, the U.S. dollar’s continued strength and slowing growth in China – through the remainder of 2015 and into 2016, according to the new Quarterly Rural Economic Review from CoBank. With inventories growing, crop prices should stay near their current levels well into 2016, according to the report.
CoBank has been named to Global Finance magazine’s list of the world’s safest banks for a fifth 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.
Seven of California’s largest agricultural lenders are once again joining forces to alleviate hunger in drought-stricken farm communities throughout the state. California’s six Farm Credit associations – American AgCredit, Farm Credit Services of Colusa-Glenn, Farm Credit West, Fresno Madera Farm Credit, Golden State Farm Credit and Yosemite Farm Credit – have pledged $50,000 to rural areas hurt by the historic drought, which has idled hundreds of thousands of acres of farmland and left many farm workers unemployed. Denver-based CoBank, which finances agricultural cooperatives and other agribusinesses throughout the country, including in California, has matched that contribution with an additional $50,000.
CoBank today announced financial results for the second quarter and first six months of 2015.
Net income for the second quarter was $232.3 million, compared to $232.9 million in the second quarter of 2014. For the first six months of 2015, net income was $464.6 million, compared to $464.2 million in the same period last year. Those results reflected a $25 million loan loss reversal taken in the second quarter of 2014 and a $10 million provision for loan losses recorded in the first quarter of 2015. The earnings impact of the difference in the provision for loan losses was generally offset by changes in noninterest income. Read more...
The Colorado Open Golf Foundation announced today that CoBank will become the new title sponsor of The Colorado Open Championships. CoBank, the largest financial institution headquartered in the state, succeeds HealthONE as the open’s primary sponsor under a five-year agreement beginning in 2016. Read More...