Newsroom & Financials

CoBank Reports Second Quarter Financial Results

Posted 8/3/2015

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...

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