Farm Credit East Reports 2023 First Quarter Financial Results

Farm Credit East posted strong financial results for the three months ending March 31, 2023. Net income was $60.6 million, an increase of $6.2 million as compared with the same period in 2022. Our strong earnings reflect the favorable impact of increased loan volume, in addition to stable operating expenses. The Association also recorded a $5.2 million provision for loan losses for the three months ending March 31, 2023, as discussed in the ‘Provision for Loan Losses and Allowance for Credit Losses’ section of this report.

View the March 2023 Quarterly Report here.