NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/

For the period ended Feb 28, 2025. Filed Apr 11, 2025.

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.

Feb 28, 2025 · Filed Apr 11, 2025

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)	Q3 FY2025	Q3 FY2024	YTD FY2025	YTD FY2024
Interest income	$428,860	$411,835	$1,266,856	$1,181,778
Interest expense	(361,918)	(347,019)	(1,072,821)	(987,145)
Net interest income	66,942	64,816	194,035	194,633
Benefit for credit losses	6,093	6,559	4,270	5,131
Net interest income after benefit for credit losses	73,035	71,375	198,305	199,764
Non-interest income (loss):
Fee and other income	5,982	5,025	17,074	16,173
Derivative gains (losses)	40,142	(18,475)	(49,145)	278,350
Investment securities gains	663	4,140	6,891	8,916
Total non-interest income (loss)	46,787	(9,310)	(25,180)	303,439
Non-interest expense:
Salaries and employee benefits	(18,123)	(16,706)	(52,750)	(49,126)
Other general and administrative expenses	(15,167)	(13,283)	(52,759)	(43,878)
Losses on early extinguishment of debt	(10)	(33)	(50)	(998)
Other non-interest expense	(320)	(287)	(845)	(715)
Total non-interest expense	(33,620)	(30,309)	(106,404)	(94,717)
Income before income taxes	86,202	31,756	66,721	408,486
Income tax provision	(66)	(567)	(108)	(978)
Net income	86,136	31,189	66,613	407,508
Less: Net (income) loss attributable to noncontrolling interests	(150)	281	(28)	262
Net income attributable to CFC	$85,986	$31,470	$66,585	$407,770

ContentsView on SEC.gov

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