NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP DC

For the period ended Nov 30, 2023. Filed Jan 12, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Nov 30, 2023 · Filed Jan 12, 2024

NRUC$19.67-1.8%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations (Unaudited)

CONSOLIDATED STATEMENTS OF OPERATIONS

(Dollars in thousands)	Q2 FY2024	Q2 FY2023	YTD FY2024	YTD FY2023
Interest income	$388,987	$324,194	$769,943	$631,172
Interest expense	(323,845)	(245,444)	(640,126)	(454,912)
Net interest income	65,142	78,750	129,817	176,260
Provision for credit losses	(628)	(11,628)	(1,428)	(15,124)
Net interest income after provision for credit losses	64,514	67,122	128,389	161,136
Non-interest income:
Fee and other income	6,611	4,166	11,148	8,222
Derivative gains	106,938	146,790	296,825	240,377
Investment securities gains (losses)	1,843	(493)	4,776	(4,172)
Total non-interest income	115,392	150,463	312,749	244,427
Non-interest expense:
Salaries and employee benefits	(16,546)	(14,206)	(32,420)	(27,984)
Other general and administrative expenses	(14,966)	(13,041)	(30,595)	(24,782)
Losses on early extinguishment of debt	(26)	—	(965)	—
Other non-interest expense	(250)	(355)	(428)	(677)
Total non-interest expense	(31,788)	(27,602)	(64,408)	(53,443)
Income before income taxes	148,118	189,983	376,730	352,120
Income tax provision	(83)	(219)	(411)	(482)
Net income	148,035	189,764	376,319	351,638
Less: Net loss (income) attributable to noncontrolling interests	408	(27)	(19)	(220)
Net income attributable to CFC	$148,443	$189,737	$376,300	$351,418

ContentsView on SEC.gov

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