FHLB New York reports Q1 net income $220.5M, up 11.1% YoY

Federal Home Loan Bank of New York

Net income $220.5M, +11.1% vs $198.5M in Q1 2023.
Net interest income $265.0M, +15.4% driven by higher average assets and yield.
ROE (annualized) 10.58%, up from 9.61% in prior-year quarter.
Total assets $159.6B (+0.8% from Dec 31); advances $108.3B par (-1.4%).
Allocated $24.5M from Q1 earnings to Affordable Housing Program.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Federal Home Loan Bank of New York reported the quarter ended March 31, 2024 results: net income $220.5 million.

Period: the quarter ended March 31, 2024
Net income: $220.5 million
Result: reported results

Exact text from the filing

FEDERAL HOME LOAN BANK OF NEW YORK ANNOUNCES FIRST QUARTER 2024 OPERATING HIGHLIGHTS

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Source: SEC EDGAR

accession 0001654954-24-005008

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