Newsroom & Financials

CoBank Reports Full Year Financial Results For 2015

Posted 3/1/2016

CoBank today announced financial results for the full year and fourth quarter of 2015. CoBank reported net income of $936.7 million for the year, up 4 percent from $904.3 million in 2014. The increase was driven primarily by higher net interest income and lower net losses on debt extinguishments. Net interest income increased 3 percent to $1.3 billion, driven by higher average loan volume. Average loan volume rose 8 percent to $83.1 billion.

“By virtually any financial measure, the year 2015 was one of exceptional performance for CoBank,” said Robert B. Engel, CoBank’s chief executive officer. “The bank recorded its 16th consecutive year of growth in profitability, an accomplishment unlikely matched by any other financial institution in the world. Loan volume and profitability reached all-time highs and credit quality, liquidity and capital levels remained very strong. Most importantly, we continued to serve our customers and fulfill our mission delivering dependable credit and financial services to vital rural industries.” Read more...

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