earnings
confidence high
sentiment neutral
materiality 0.60
FHLB Topeka Q1 net income $98.4M, down $0.9M YoY; advances up $3.6B to $47.3B
Federal Home Loan Bank of Topeka
- Net income $98.4M for Q1 2026, down $0.9M from $99.3M prior year; net interest margin 0.66% (down 3 bps).
- Total assets $81.3B; advances $47.3B (+$3.6B); investment securities $15.1B driven by multifamily MBS purchases.
- Return on avg equity 9.1% vs 9.9% prior year; net interest spread flat at 0.44%.
- Housing contributions: $42.2M regulatory AHP assessment plus $25.5M voluntary commitment, totaling $67.7M.
- Primary Mission Asset ratio unchanged at 77%; mortgage loans $9.4B (11.6% of assets).