FHLBank Pittsburgh Q1 2024 net income $154M, up 25% YoY; declares dividends at 8.75% and 5.60%

Federal Home Loan Bank of Pittsburgh

Net income $154.0M vs $123.2M in Q1 2023; net interest income $195.7M, +$38.3M.
Advances $72.9B (down from $78.4B at year-end); total assets $106.2B.
Dividend declared: activity stock 8.75% annualized, membership stock 5.60% annualized.
Allocated $17.2M to Affordable Housing Program for 2025; voluntary contributions $7.0M.
Total capital $5.5B; retained earnings $1.9B; remained compliant with regulatory capital.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

Federal Home Loan Bank of Pittsburgh reported the first quarter of 2024 results: net income $154.0 million.

Period: the first quarter of 2024
Net income: $154.0 million
Result: reported results

Exact text from the filing

FHLBank's net income totaled $154.0 million for the first quarter of 2024

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Source: SEC EDGAR

accession 0001330399-24-000011

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