Newsroom & Financials

CoBank Reports Third Quarter Financial Results

Posted 11/3/2015

CoBank today announced financial results for the third quarter and first nine months of 2015.

Net income for the third quarter increased 5 percent to $235.8 million, compared to $224.7 million in the third quarter of 2014. For the first nine months of 2015, net income increased 2 percent, to $700.4 million. Key drivers of increased profitability for both the quarter and year-to-date periods included higher net interest income as well as an increasein prepayment income net of losses on early extinguishments of debt. Year-to-date 2015 net income also reflected a $10.0 million provision for loan losses that was recorded in the first quarter of 2015, compared to a $25.0 million loan loss reversal during the second quarter of 2014, and a greater level of gains on the sale of investments securities. Read more...

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