Home Markets AgriBank Reports Second Quarter 2021 Financial Results

AgriBank Reports Second Quarter 2021 Financial Results

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ST. PAUL, Minn., Aug. 6, 2021 /PRNewswire/ — Today, St. Paul-based AgriBank announced financial results for the second quarter of 2021, with strong profitability, credit quality, and liquidity and capital.

Highlights:

  • Profitability: Net income remained strong at $365.2 million for the six months ended June 30, 2021. AgriBank’s year-to-date return on assets (ROA) ratio of 56 basis points was above the target of 50 basis points.
  • Credit quality: Total loan portfolio credit quality remained strong, with 99.3 percent of loans classified as acceptable at June 30, 2021, the same level as December 31, 2020.
  • Liquidity and capital: End-of-the-quarter liquidity was 165 days, well above the regulatory requirement. Capital also remained well above the regulatory minimums and company targets.

Year-to-date 2021 Results of Operations

Net interest income was $366.2 million for the six months ended June 30, 2021, a decrease of $23.2 million, or 6.0 percent,…

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