Newsroom & Financials

CoBank Reports 2014 Financial Results and Announces Year-End Earnings Webcast

Posted 3/3/2015

CoBank today announced financial results for the full year and fourth quarter of 2014. CoBank reported net income of $904.3 million for the year, up 6 percent from $856.5 million in 2013. The increase was driven primarily by higher net interest income. Net interest income increased 6 percent to $1.2 billion, driven by higher average loan volume as well as increased earnings from the bank’s balance sheet positioning. Average loan volume rose 7 percent to $76.6 billion.

“We’re delighted with CoBank’s business and financial performance in 2014,” said Robert B. Engel, CoBank’s chief executive officer. “The bank recorded its 15th consecutive year of growth in profitability on behalf of our customer-owners, an accomplishment matched by few if any other financial institutions in the world. Our credit quality remains strong, and our capital and liquidity levels remain solid. Most importantly, we continue to fulfill our mission of service to rural America.” 

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