Net income up, reports Farm Credit Services of America

Print
Font Size:
Default font size
Larger font size

Posted: Tuesday, November 5, 2013 12:00 am

Farm Credit Services of America said Monday that 2013 net income through September rose 3.1 percent on higher lending income.

The customer-owned lending cooperative said nine-month net income was $353.6 million, compared with $343 million a year earlier.

“The increase in net income was primarily due to an increase in net interest income from loan growth and a reduction in the provision for credit losses,” the Omaha-based lender said.

With about $20 billion in assets, Farm Credit is owned by its borrowers, farmers and ranchers. The company raises money for ag loans by selling bonds on Wall Street.

Copyright ©2014 Omaha World-Herald. All rights reserved. This material may not be published, broadcast, rewritten, displayed or redistributed for any purpose without permission from the Omaha World-Herald. To purchase rights to republish this article, please contact The World-Herald Store.


loading...

SPOTLIGHT »

Inside Business
To submit an announcement for "Inside Business", click here. For questions call (402) 444-1371 or e-mail announcements@owh.com.

World-Herald Alerts

Want to get World-Herald stories sent directly to your home or work computer? Sign up for Omaha.com's News Alerts and you will receive e-mails with the day's top stories.