This snapshot reflects positive trends, including steady growth in capital and net income. 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. Earning assets increased noticeably between 2014 and 2017 and are expected to grow only modestly in 2018.
Financial Highlights ($ in millions)
| 2014 | 2015 | 2016 | 2017 | 2018 Q1 | |
|---|---|---|---|---|---|
| Capital | |||||
| Total Capital | $1,527 | $1,783 | $1,936 | $2,080 | $2,144 |
| CET1 Ratio* | ——— | ——— | ——— | 13.3% | 13.4% |
| Asset Quality | |||||
| Earning Assets | $7,167 | $9,089 | $9,584 | $9,679 | $9,335 |
| Nonearning Assets | $72 | $120 | $142 | $117 | $116 |
| Earnings | |||||
| Net Income | $162.9 | $169.4 | $206.1 | $220.0 | $67.8 |
| Operating Efficiency Ratio | 25.4% | 26.7% | 27.4% | 27.7% | 24.1% |
| *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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2017
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2016
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2015
Quarterly Reports to Shareholders
First Quarter 2018
Third Quarter 2017
Second Quarter 2017
First Quarter 2017
Third Quarter 2016
Second Quarter 2016
First Quarter 2016
Third Quarter 2015
Second Quarter 2015
First Quarter 2015
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