These financial highlights reflect positive trends, including steady growth in capital and net income. Earning assets have grown steadily, but modestly, since 2015 and are expected to continue that trend in 2019. Note that the 2015 results reflect the acquisition of Farm Credit Services Southwest in November 2015 and an exceptional year of loan growth from new and existing customers.
Financial Highlights ($ in millions)
| 2015 | 2016 | 2017 | 2018 | Q1 2019 | |
|---|---|---|---|---|---|
| Capital | |||||
| Total Capital | $1,783 | $1,936 | $2,080 | $2,181 | $2,264 |
| CET1 Ratio* | ——— | ——— | 13.3% | 14.0% | 13.9% |
| Asset Quality | |||||
| Earning Assets | $8,975 | $9,445 | $9,679 | $10,001 | $9,819 |
| Nonearning Assets | $120 | $142 | $117 | $113 | $103 |
| Earnings | |||||
| Net Income | $169.4 | $206.1 | $220.0 | $248.0 | $67.4 |
| Operating Efficiency Ratio | 26.7% | 27.4% | 27.7% | 26.3% | 25.7% |
| *The Common Equity Tier 1 (CET1) Ratio is a capital requirement under FCA regulations that became effective on 1/1/2017. | |||||
Annual Report to Shareholders
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2018
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2017
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2016
Quarterly Reports to Shareholders
First Quarter 2019
Third Quarter 2018
Second Quarter 2018
First Quarter 2018
Third Quarter 2017
Second Quarter 2017
First Quarter 2017
Third Quarter 2016
Second Quarter 2016
First Quarter 2016
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