NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP DC

For the period ended May 31, 2024. Filed Aug 1, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Aug 1, 2024

NRUC$20.04+0.7%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

	Year Ended May 31,
(Dollars in thousands)	2024	2023	2022
Interest income	$1,593,351	$1,351,729	$1,141,243
Interest expense	(1,339,088)	(1,036,508)	(705,534)
Net interest income	254,263	315,221	435,709
Benefit (provision) for credit losses	5,516	(603)	17,972
Net interest income after benefit (provision) for credit losses	259,779	314,618	453,681
Non-interest income:
Fee and other income	22,792	18,134	17,193
Derivative gains	392,037	285,844	456,482
Investment securities gains (losses)	10,772	(4,974)	(30,179)
Total non-interest income	425,601	299,004	443,496
Non-interest expense:
Salaries and employee benefits	(67,401)	(59,011)	(51,863)
Other general and administrative expenses	(58,970)	(50,620)	(43,323)
Losses on early extinguishment of debt	(1,025)	(117)	(754)
Other non-interest expense	(2,164)	(1,487)	(1,552)
Total non-interest expense	(129,560)	(111,235)	(97,492)
Income before income taxes	555,820	502,387	799,685
Income tax provision	(1,504)	(800)	(1,148)
Net income	554,316	501,587	798,537
Less: Net income attributable to noncontrolling interests	(967)	(97)	(2,692)
Net income attributable to CFC	$553,349	$501,490	$795,845
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

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