FHLB Boston Q1 net income $77.8M, up 36% YoY; declares 8.40% dividend

Federal Home Loan Bank of Boston

Net income $77.8M, up 36% from $57.2M in Q1 2023; net interest income after provision $109.2M vs $81.8M.
Dividend declared at 8.40% annual yield (SOFR daily average +300 bps), payable May 2, 2024.
Advances $39.9B at March 31, down $2.1B (4.9%) from year-end 2023; total assets $66.0B.
Regulatory capital-to-assets ratio 5.8%; Bank classified adequately capitalized by FHFA.
Voluntary $11.0M contributed to affordable housing and community programs in Q1.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Federal Home Loan Bank of Boston reported the quarter-ended March 31, 2024 results: net income $77.8 million.

Period: the quarter-ended March 31, 2024
Net income: $77.8 million
Result: preliminary results

Exact text from the filing

On April 19, 2024, the Federal Home Loan Bank of Boston (the “Bank”) issued a press release announcing its preliminary, unaudited results for the quarter-ended March 31, 2024, and the declaration of a dividend.

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Source: SEC EDGAR

accession 0001331463-24-000077

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