NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/
For the period ended Nov 30, 2024. Filed Jan 13, 2025.
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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.
Nov 30, 2024 · Filed Jan 13, 2025
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) | Q2 FY2025 | Q2 FY2024 | YTD FY2025 | YTD FY2024 |
|---|---|---|---|---|
| Interest income | $419,877 | $388,987 | $837,996 | $769,943 |
| Interest expense | (354,443) | (323,845) | (710,903) | (640,126) |
| Net interest income | 65,434 | 65,142 | 127,093 | 129,817 |
| Provision for credit losses | (870) | (628) | (1,823) | (1,428) |
| Net interest income after provision for credit losses | 64,564 | 64,514 | 125,270 | 128,389 |
| Non-interest income (loss): | ||||
| Fee and other income | 5,424 | 6,611 | 11,092 | 11,148 |
| Derivative gains (losses) | 109,038 | 106,938 | (89,287) | 296,825 |
| Investment securities gains | 2,097 | 1,843 | 6,228 | 4,776 |
| Total non-interest income (loss) | 116,559 | 115,392 | (71,967) | 312,749 |
| Non-interest expense: | ||||
| Salaries and employee benefits | (17,439) | (16,546) | (34,627) | (32,420) |
| Other general and administrative expenses | (18,488) | (14,966) | (37,592) | (30,595) |
| Losses on early extinguishment of debt | (18) | (26) | (40) | (965) |
| Other non-interest expense | (229) | (250) | (525) | (428) |
| Total non-interest expense | (36,174) | (31,788) | (72,784) | (64,408) |
| Income (loss) before income taxes | 144,949 | 148,118 | (19,481) | 376,730 |
| Income tax provision | (146) | (83) | (42) | (411) |
| Net income (loss) | 144,803 | 148,035 | (19,523) | 376,319 |
| Less: Net (income) loss attributable to noncontrolling interests | (360) | 408 | 122 | (19) |
| Net income (loss) attributable to CFC | $144,443 | $148,443 | $(19,401) | $376,300 |
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