FHLBank Topeka Q1 net income $114.2M, up 35% YoY; net interest income up to $136.1M

Federal Home Loan Bank of Topeka

Net income of $114.2M for Q1 2024 vs $84.8M for Q1 2023 (increase 34.7%).
Net interest income increased $31.7M to $136.1M; net interest margin rose 18 bps to 0.74%.
Total assets $73.7B (down $1.2B from Dec 2023) due to $3.7B decline in advances.
ROE improved to 12.0% from 9.0% prior-year quarter.
Dividend rates: Class A 4.75%, Class B 9.50% (weighted avg 8.76%).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Federal Home Loan Bank of Topeka reported the quarter ended March 31, 2024 results: revenue $136.1 million, net income $114.2 million.

Period: the quarter ended March 31, 2024
Revenue: $136.1 million
Net income: $114.2 million
Result: reported results

Exact text from the filing

was primarily due to an increase in net interest income. Net interest income increased $31.7 million for the quarter, from $104.4 million for the quarter ended March 31, 2023 to $136.1 million for the quarter ended March 31, 2024. The increase for the current quarter was due to an increase in yields across all asset categories and an increase in net interest spread,

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Source: SEC EDGAR

accession 0001325878-24-000103

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