CoBank, ACB has released its first quarter 2019 financial results. The news release is available on cobank.com under Corporate > Financial Information.
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 is a $138 billion cooperative bank serving vital industries across rural America. The bank provides commercial 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.