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AgriBank Pays Quarterly Preferred Stock Dividend
ST. PAUL, Minn., Oct. 1, 2016 – 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 Sept. 1, 2016. AgriBank issued $250 million of preferred stock on Oct. 29, 2013 to provide the Bank and the 15-state Farm Credit…
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AgriBank Reports Second-Quarter 2016 Financial Results
ST. PAUL, Minn., Tuesday, August 9, 2016 – Today St. Paul-based AgriBank announced financial results for the second quarter of 2016 with continued stable net income, sound credit quality, and robust liquidity and capital. Highlights: Stable net income: Net income grew $18.5 million, or 7.7 percent, to $260.2 million for the six months ended June 30, 2016,…
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William J. Thone Named Interim AgriBank CEO
St. Paul, Minn., July 29, 2016 — Effective Aug. 1, 2016, William J. Thone has been named interim CEO of AgriBank following the departure of Bill York, who left AgriBank as CEO on July 25, 2016. “Mr. Thone, who retired as vice president and general counsel of AgriBank in 2015, spent nearly 35 years with Farm…
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AgriBank Pays Quarterly Preferred Stock Dividend
ST. PAUL, Minn., July 1, 2016 – St. Paul-based AgriBank today 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, 2016. AgriBank issued $250 million of preferred stock on Oct. 29, 2013 to provide the Bank and the 15-state Farm…
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AgriBank Reports First-Quarter 2016 Financial Results
ST. PAUL, Minn., Tuesday, May 10, 2016 – Today St. Paul-based AgriBank announced financial results for the first quarter of 2016 with continued stable net income, strong credit quality, and robust liquidity and capital. Highlights: Stable net income: Net income increased $0.6 million to $124.4 million for the three months ended March 31, 2016, compared to the…
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AgriBank to Redeem 9.125% Subordinated Notes on July 15, 2016
ST. PAUL, Minn., April 26, 2016 – St. Paul-based AgriBank today announced that, on July 15, 2016, it will redeem all of the outstanding principal amount of its $500 million 9.125 percent subordinated notes due July 2019. On March 10, 2016, the Farm Credit Administration (FCA) Board of Directors publically announced the adoption of a final…
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AgriBank Pays Quarterly Preferred Stock Dividend
ST. PAUL, Minn., April 1, 2016 – St. Paul-based AgriBank today 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, 2016. AgriBank issued $250 million of preferred stock on Oct. 29, 2013 to provide the Bank and the 15-state Farm…
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AgriBank Reports Fourth-Quarter 2015 and Year-End Financial Results
ST. PAUL, Minn., Monday, March 7, 2016 – Today St. Paul-based AgriBank announced financial results for the fourth-quarter and full-year 2015 with strong net income and credit quality, and robust liquidity and capital. Highlights: Stable net interest income: Although net interest income from the core lending business remained relatively stable, net income decreased $89.6 million, or 15.7…
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AgriBank Pays Quarterly Preferred Stock Dividend
ST. PAUL, Minn., Jan. 1, 2016 – St. Paul-based AgriBank today 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 Dec. 1, 2015. AgriBank issued $250 million of preferred stock on Oct. 29, 2013 to provide the Bank and the 15-state Farm…
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AgriBank Reports Third-Quarter 2015 Financial Results
Net income was $362.8 million and acceptable credit quality stood at 99.7 percent ST. PAUL, Minn., November 9, 2015 – Today St. Paul-based AgriBank announced financial results for the third quarter of 2015 with continued strong net income and credit quality, and robust liquidity and capital.Highlights: Stable net interest income: While net interest income from the core…