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AgriBank Reports Fourth Quarter 2024 and Year-End Financial Results

AgriBank reported a strong net income of $927.5 million for the year ending December 31, 2024, exceeding its target return on assets of 50 basis points with a 51 basis points ratio.
AgriBank's total loan portfolio grew to $164.7 billion, marking an increase of $15.9 billion from the previous year, despite a slight decrease in retail loan credit quality.
Total capital at AgriBank increased to $9.5 billion, up by $879.9 million compared to December 31, 2023, driven by net income and capital stock issuances, exceeding regulatory requirements.
CEO Jeffrey Swanhorst stated that AgriBank is "well-positioned to continue meeting the Associations' funding needs" for farmers and ranchers.

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AgriBank Reports Fourth Quarter 2024 and Year-End Financial Results

Strong financial performance reflects model, Association success

3 days ago·Waterloo, United States

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pressreach.com

AgriBank Reports Fourth Quarter 2024 and Year-End Financial Results - PressReach

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3 days ago

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