CoBank Reports Third Quarter 2022 Financial Results

CoBank, ACB has released its third quarter 2022 financial results.

Financial highlights for the third quarter 2022 include:

  • Average loan volume increased 11% to $133.0 billion in Q3 2022 from $119.5 billion in Q3 2021.
  • Net interest income increased 10% to $447.6 million in Q3 2022 from $407.1 million in Q3 2021.
  • Net income increased 11% to $394.9 million in Q3 2022 compared to $354.2 million in Q3 2021 due to higher net interest income and noninterest income somewhat offset by an increase in operating expenses and a lower loan loss reversal.
  • Credit quality and financial condition remained strong.

Read the Release

Media Contacts

Julie Davis
Corporate Communications
202-215-1354
judavis@cobank.com

Dave Harding
Knowledge Exchange
262-825-7926
david.h.harding@outlook.com