CoBank, ACB, a cooperative bank, provides financial products and services in the United States. It operates through three segments: Agribusiness, Farm Credit Banking, and Rural Infrastructure. The company offers various loan products, such as intermediate- and long-term loans, revolving term loans, interim and bridge loans, construction loans, short-term lines of credit, and acquisitions financing. It also provides lease financing and related services for a range of ag production and forestry equipment; grain, feed, fertilizer, and seed; storage and handling; building and bins; material handling and construction; packaging and processing; transportation; and utility, communication, and energy. In addition, the company offers trade finance products, including commercial and standby letters of credit, documentary collections, and pre-export financing. Further, it provides interest rate caps and swaps; capital market services comprising debt capital raising, secondary market trading, deal structuring and pricing advice, and post-closing administrative agency services; and cash management services, including payables, receivables, information reporting, liquidity, and fraud management, as well as online banking, mobile banking, and commercial credit card solutions. Additionally, the company owns and leases mineral interests located in Arizona, California, Colorado, Kansas, Nevada, New Mexico, Oklahoma, and Utah. It serves agricultural cooperatives; other food and agribusiness companies; rural power, communications, and water cooperatives and companies; rural community facilities; agricultural credit associations; farmer-owned financial institutions; and other businesses that serve agriculture and rural communities. The company was founded in 1916 and is headquartered in Greenwood Village, Colorado.

CoBank, ACB

CoBank is a cooperative bank that provides credit and financial services to the U.S. rural economy.

	Dec '21	Dec '22	Dec '23
revenue	2.03B -	2.14B 5.16%	2.23B 4.30%
cost of revenue
gross profit	2.03B -	2.14B 5.16%	2.23B 4.30%
selling and marketing expenses	367M -	425M 15.80%	450M 5.88%
general and administrative expenses	89M -	106M 19.10%	104M 1.89%
selling general and administrative expenses	456M -	531M 16.45%	554M 4.33%
research and development expenses
other expenses
cost and expenses	617M -	579M 6.16%	595M 2.76%
operating expenses	617M -	579M 6.16%	595M 2.76%
interest expense
ebitda	-209M -	-92M 55.98%	-94M 2.17%
operating income	1.54B -	1.56B 1.04%	1.64B 4.94%
depreciation and amortization	-1.54B -	-1.56B 1.04%	-1.64B 4.94%
total other income expenses net	-126M -	1M 100.79%
income before tax	1.42B -	1.56B 10.10%	1.64B 4.87%
income tax expense	102M -	110M 7.84%	128M 16.36%
net income	1.23B -	1.36B 10.15%	1.41B 4.20%
weighted average shs out	40.13M -	40.00M 0.32%	40.76M 1.90%
weighted average shs out dil	40.13M -	40.00M 0.32%	40.76M 1.90%
eps	30.68 -	33.90 10.50%	34.67 2.27%
epsdiluted	30.68 -	33.90 10.50%	34.67 2.27%

CBKP

COM:COBANK

CoBank

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100.10

21/09 17:43

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