FHLB San Francisco Q1 net income falls $71M to $124M; declares 8.75% dividend

Federal Home Loan Bank of San Francisco

Net income $124M, down $71M YoY; prior-year Q1 had $93M in advance prepayment fees not repeated.
Net interest income fell $137M to $150M; other income improved $62M to $36M.
Advances decreased $4.4B to $56.9B; total assets $88.0B, down from $92.8B at Dec 2023.
Board declared quarterly cash dividend at annualized 8.75% (up from 7.00% prior year), totaling $66M payable May 9, 2024.
Regulatory capital ratio 8.43% (requirement 4.0%); permanent capital $7.4B vs risk-based requirement $1.1B.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Federal Home Loan Bank of San Francisco reported the first quarter of 2024 results: net income $124 million.

Period: the first quarter of 2024
Net income: $124 million
Result: reported results

Exact text from the filing

Net income for the first quarter of 2024 was $124 million

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Source: SEC EDGAR

accession 0001316944-24-000078

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