Fourth Quarter Operating Results Announced
February 19, 2015
FHLBank Topeka (FHLBank) announces its fourth quarter 2014 operating results. FHLBank is reporting net income computed in accordance with U.S. generally accepted accounting principles (GAAP) of $26.5 million and $37.0 million for the quarters ended December 31, 2014 and 2013, respectively. For the year ended December 31, 2014 and 2013, FHLBank is reporting net income of $106.0 million and $119.0 million, respectively. FHLBank expects to file its Form 10-K for the year ended December 31, 2014 with the Securities and Exchange Commission (SEC) on or about March 12, 2015.
Click to view 2014 fourth quarter operating results.
President’s Comments
“Topeka recorded another year of outstanding financial performance,” said Andrew J. Jetter, president and CEO. “For the year, advances and mortgages held in portfolio were up around 5 percent while retained earnings increased over 10 percent. Strong income supported significantly higher dividends with the weighted average dividend rate increasing from 2.4 percent in 2013 to 4.2 percent in 2014. We are pleased to provide significant value to our members, both through the products we offer and the dividends we pay on our stock.”