NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP DC
For the period ended Feb 29, 2024. Filed Apr 12, 2024.
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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.
Feb 29, 2024 · Filed Apr 12, 2024
NRUC$19.67-1.8%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations (Unaudited)
CONSOLIDATED STATEMENTS OF OPERATIONS
| (Dollars in thousands) | Q3 FY2024 | Q3 FY2023 | YTD FY2024 | YTD FY2023 |
|---|---|---|---|---|
| Interest income | $411,835 | $353,292 | $1,181,778 | $984,464 |
| Interest expense | (347,019) | (281,709) | (987,145) | (736,621) |
| Net interest income | 64,816 | 71,583 | 194,633 | 247,843 |
| Benefit (provision) for credit losses | 6,559 | 11,318 | 5,131 | (3,806) |
| Net interest income after benefit (provision) for credit losses | 71,375 | 82,901 | 199,764 | 244,037 |
| Non-interest income: | ||||
| Fee and other income | 5,025 | 5,326 | 16,173 | 13,548 |
| Derivative gains (losses) | (18,475) | 102,308 | 278,350 | 342,685 |
| Investment securities gains (losses) | 4,140 | (1,402) | 8,916 | (5,574) |
| Total non-interest income (loss) | (9,310) | 106,232 | 303,439 | 350,659 |
| Non-interest expense: | ||||
| Salaries and employee benefits | (16,706) | (14,808) | (49,126) | (42,792) |
| Other general and administrative expenses | (13,283) | (10,507) | (43,878) | (35,289) |
| Losses on early extinguishment of debt | (33) | — | (998) | — |
| Other non-interest expense | (287) | (298) | (715) | (975) |
| Total non-interest expense | (30,309) | (25,613) | (94,717) | (79,056) |
| Income before income taxes | 31,756 | 163,520 | 408,486 | 515,640 |
| Income tax provision | (567) | (303) | (978) | (785) |
| Net income | 31,189 | 163,217 | 407,508 | 514,855 |
| Less: Net loss (income) attributable to noncontrolling interests | 281 | (321) | 262 | (541) |
| Net income attributable to CFC | $31,470 | $162,896 | $407,770 | $514,314 |
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