Newsroom & Financials

CoBank Reports First Quarter Financial Results

Posted 05/5/2015

CoBank today announced financial results for the first quarter of 2015.

Net income for the quarter was $232.2 million, compared to $231.3 million in the first quarter of 2014.  A $10.0 million provision for loan losses recorded in the first quarter of 2015 largely offset the positive impacts of higher net interest income as well as increased prepayment income. The provision primarily reflected an increase in average loan volume. No provision was taken during the first quarter of 2014.

Net interest income for the quarter increased 2 percent to $315.3 million, from $309.0 million in the same period last year. Higher average loan volume was a key driver of the increase. Read more...

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