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AgriBank Reports Fourth Quarter 2023 and Year-End Financial Results
ST. PAUL, Minn., March 1, 2024 – Today, St. Paul-based AgriBank announced financial results for the fourth quarter and full year of 2023, with strong profitability, credit quality, and liquidity and capital. Highlights: “We are pleased to report that AgriBank completed the year with strong financial performance, which reflects the effectiveness of our business model and the…
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AgriBank Pays Quarterly Dividend and Redeems Preferred Stock
ST. PAUL, Minn., January 1, 2024 – Today,St. Paul-based AgriBank paid a final quarterly cash dividend of $1.7188 per share on its 6.875 percent non-cumulative perpetual series A preferred stock to holders of record as of December 1, 2023. As previously announced, AgriBank will redeem the preferred stock effective today. AgriBank issued $250 million of…
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AgriBank to Redeem Preferred Stock on January 1, 2024
ST. PAUL, Minn., November 13, 2023 — Today, AgriBank announced that it will redeem all of its issued and outstanding shares of series A non-cumulative perpetual preferred stock, par value $100 per share, on January 1, 2024, in accordance with the terms of the preferred stock. AgriBank will continue to hold capital commensurate with its…
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AgriBank Reports Third Quarter 2023 Financial Results
ST. PAUL, Minn., November 9, 2023 – Today, St. Paul-based AgriBank announced financial results for the third quarter of 2023, with strong profitability, credit quality, and liquidity and capital. Highlights: “AgriBank has continued to produce strong financial results through the first nine months of the year,” said Jeffrey Swanhorst, AgriBank chief executive officer. “In this time of…
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AgriBank Pays Quarterly Preferred Stock Dividend
ST. PAUL, Minn., October 1, 2023 – Today, St. Paul-based AgriBank paid a quarterly cash dividend of $1.7188 per share on its 6.875 percent non-cumulative perpetual class A preferred stock to holders of record as of September 1, 2023. AgriBank issued $250 million of preferred stock on Oct. 29, 2013 to provide the Bank and…
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AgriBank Reports Second Quarter 2023 Financial Results
ST. PAUL, Minn., August 9, 2023 – Today, St. Paul-based AgriBank announced financial results for the second quarter of 2023, with strong profitability, credit quality, and liquidity and capital. Highlights: “AgriBank has remained financially resilient through the volatile macroeconomic conditions we continue to experience,” said Jeffrey Swanhorst, AgriBank chief executive officer. “Our cooperative network, which includes AgriBank…
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AgriBank Pays Quarterly Preferred Stock Dividend
ST. PAUL, Minn., July 1, 2023 – Today,St. Paul-based AgriBank paid a quarterly cash dividend of $1.7188 per share on its 6.875 percent non-cumulative perpetual class A preferred stock to holders of record as of June 1, 2023. AgriBank issued $250 million of preferred stock on Oct. 29, 2013 to provide the Bank and the…
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AgriBank Reports First Quarter 2023 Financial Results
ST. PAUL, Minn., May 8, 2023 – Today, St. Paul-based AgriBank announced financial results for the first quarter of 2023, with strong profitability, credit quality, and liquidity and capital. Highlights: Profitability: Net income remained strong at $207.3 million for the three months ended March 31, 2023. AgriBank’s year-to-date return on assets (ROA) ratio of 54 basis points was…
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AgriBank Pays Quarterly Preferred Stock Dividend
ST. PAUL, Minn., April 1, 2023 – Today, St. Paul-based AgriBank paid a quarterly cash dividend of $1.7188 per share on its 6.875 percent non-cumulative perpetual class A preferred stock to holders of record as of March 1, 2023. AgriBank issued $250 million of preferred stock on Oct. 29, 2013 to provide the Bank and…
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AgriBank Reports Fourth Quarter 2022 and Year-End Financial Results
ST. PAUL, Minn., March 2, 2023 – Today, St. Paul-based AgriBank announced financial results for the fourth quarter and full year of 2022, with strong profitability, credit quality, and liquidity and capital. Highlights: Profitability: Net income remained strong at $790.7 million for the year ended December 31, 2022. AgriBank’s year-to-date return on assets (ROA) ratio of 53 basis…