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 will hold a conference call and webcast on Tuesday, March 6, 2018 to discuss year-end financial results. The call will feature remarks from CoBank President and Chief Executive Officer Tom Halverson, Chief Financial Officer David Burlage and Chairman Kevin Riel. To join via the internet click here to register. To join via phone dial (833) 659-7625; passcode: 1261979.


Recent News

  • CoBank Reports Full Year Financial Results for 2017

    Posted 02/22/2018

    CoBank today announced financial results for the full year and fourth quarter of 2017.

    Average loan volume for CoBank increased 5 percent to $96.0 billion, reflecting increased lending across all three of the bank’s operating segments. Net interest income increased 2 percent to $1.393 billion, driven primarily by higher average loan volume. Net income for 2017 rose 19 percent to $1.125 billion due in large part to recently enacted federal tax reform legislation. Excluding the impact of tax reform, net income rose 4 percent to $983.0 million from $945.7 million in 2016, due to the combination of greater net interest income and a lower provision for loan losses.

    “We’re pleased with our financial performance for the year, which reflected solid organic growth in our business as well as an unexpected benefit from the new tax law,” said Thomas Halverson, CoBank’s president and chief executive officer. “Despite ongoing challenges in the financial services industry as well as many of the rural industries we serve, we ended the year in strong financial condition and well-positioned to continue fulfilling our mission in rural America.”

  • International Joint Ventures In Dairy Pick Up Steam

    Posted 02/20/2018

    As the dairy industry evolves and modernizes, dairy companies across the U.S. are looking to capitalize on increasing milk production through international joint ventures with companies that have significant manufacturing, networking and marketing expertise, according to a new report from CoBank’s Knowledge Exchange Division.

    While the U.S. has heavily invested in milk production, Europe and other regions that faced production constraints focused their effort and investment on technology for the processing sector. In 2017, many U.S. dairy companies and international partners collaborated to capitalize on each other’s strengths.

    “The international dairy industry sees the U.S. milk supply as strong and reliable and they see opportunity in the U.S. consumer,” said Ben Laine, industry analyst with CoBank.

  • Trade Shuffle Poses Risk for US Beef Exports

    Posted 01/31/2018

    While the U.S. beef industry is well positioned to capitalize on a growing global middle class and an improving economy, trade uncertainty could hamper the U.S.’s ability to capture market share in the coming years, according to a new report from CoBank’s Knowledge Exchange Division.

    The U.S. beef herd is expanding, bolstered by low input costs, and so is the demand for beef around the world. However, approximately 80 percent of beef exports are sold to countries that could be affected by ongoing trade pact negotiations. Trade deals being negotiated or recently approved include the Trans Pacific Partnership, the North American Free Trade Agreement and the United States-Korea Free Trade Agreement, and are either being renegotiated or the U.S. has dropped out of the agreement altogether.

    “Beef production in the U.S. is on the rise, and export outlets have never been more important,” said Trevor Amen, industry analyst with CoBank’s Knowledge Exchange Division. “However, the U.S. is threatening to retreat from key trade deals and the U.S.’s beef exporting competitors are forging their own deals with major global beef importers.”

  • CoBank Announces $7.5 Million Commitment To New Rural Private Equity Fund

    Posted 01/24/2018

    CoBank announced today that it has committed $7.5 million to a new private equity fund that will promote job growth and economic development through junior capital investments in agribusiness and other rural industries.

    The bank has joined with five other Farm Credit institutions, along with commercial and community banks and other investors, to participate in the first round of financing for Open Prairie Rural Opportunities Fund, L.P. Initial commitments to the fund exceed $55 million, with investments to target areas such as crop protection, ingredients, processing, storage, data management and logistics. Managed by Open Prairie, which is based in Effingham, IL, the fund has been licensed to operate as a Rural Business Investment Company (RBIC) under the U.S. Department of Agriculture’s Rural Business Investment Program, which enables Farm Credit institutions to make equity investments in funds licensed by the agency.

    “We’re extremely pleased to be part of this exciting venture, which will support our mission by enhancing the flow of capital to rural America,” said Tom Halverson, CoBank’s president and chief executive officer. “The RBIC program is a unique vehicle that enables Farm Credit entities to partner with commercial and community banks to make job-creating investments in rural enterprises. We look forward to working with Open Prairie and seeing the economic development benefits this new fund will deliver over time.”

  • CoBank Donates $227,000 to the ConnectWell Telemedicine Pilot Program

    Posted 01/22/2018

    CoBank, EveryoneOn, Navicent Health and Robin Health, today announced the launch of the ConnectWell pilot program in Macon, Ga. The program, which is funded by CoBank, will provide 100 diabetic patients in rural southwest Georgia an Internet-ready tablet to enable them to manage and monitor their diabetes from home through an application, and a direct connection to physicians at Family Health Center, Navicent Health, a member of Navicent Health Physician Group, in Macon.

    CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, is funding the project to highlight the efficiency of universal high-speed Internet in rural areas to assist in driving down healthcare costs.

    “More than 70 percent of communities in the US with a shortage to primary care doctors are in rural areas,” said Tom Halverson, president and CEO of CoBank. “Coupled with a staggering lack of access to high-speed Internet, the health of rural America is disadvantaged in comparison to their urban counterparts. This project is an important step forward as a larger proof of concept and we are proud to back it.”

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