CoBank Reports First Quarter Results for 2019

CoBank recorded solid financial performance in the first quarter of 2019. Though net income declined – primarily as a result of non-recurring items – lending increased across all three of our operating segments, and credit quality and capital remained strong. CoBank remains well-positioned to meet the financial needs of its customers and fulfill its mission of service to rural America.

CoBank, ACB has released its first quarter 2019 financial results in the release below.

CoBank-First-Quarter-2019-Financial-Results

About CoBank
CoBank is a $138 billion cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 70,000 farmers, ranchers and
other rural borrowers in 23 states around the country.

CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture, rural infrastructure and rural communities. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.

For more information about CoBank, visit the bank’s website at cobank.com.

Contacts

Arthur Hodges
Senior Vice President, Corporate Communications
303-740-4061
ahodges@cobank.com

Jo Solonika
Vice President, Corporate Communications 
720-583-9180
jsolonika@cobank.com