FHLB San Francisco Q1 net income $64M, down 32% YoY; declares quarterly dividends

Federal Home Loan Bank of San Francisco

Net income of $64M, down from $94M in Q1 2025, driven by lower non-interest income.
Non-interest income fell $23M YoY to -$3M due to fair value changes on derivatives and net interest settlements.
Voluntary housing contributions increased $17M to $27M, supporting affordable housing in AZ, CA, NV.
Regulatory capital ratio 10.22% vs 4.00% requirement; total assets $70.7B, down $2.6B from year-end.
Board declared quarterly dividends on B-1 stock at 4.75% annualized and B-2 at 10.00%, payable May 8, 2026.

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 first quarter of 2026 results: net income $64 million.

Period: first quarter of 2026
Net income: $64 million
Result: reported results

Exact text from the filing

Net income for the first quarter of 2026 was $64 million

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Source: SEC EDGAR

accession 0001316944-26-000080

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