Federal Home Loan Bank of Cincinnati Reports Impressive Q1 2023 Net Income of $127.4 Million
FHLBank Cincinnati Records Strong Revenue with Interest Income Reaching $1.38 Billion in Q1 2023
By USInMinutes
Published - Jul 27, 2023, 12:45 PM ET
Last Updated - Jul 27, 2023, 12:45 PM EDT
The Federal Home Loan Bank of Cincinnati,(FMCC) one of the 11 regional banks in the Federal H ome Loan Bank System, has released its unaudited financial statements for the first quarter of 2023. The bank's performance during this period showcased remarkable results, with noteworthy growth in both net income and revenue.
Financial Statements
The bank's Statements of Income for the three months ended March 31, 2023, reveal a significant increase in net income compared to the same period in the previous year. Net income for Q1 2023 reached an impressive $127.4 million, representing a substantial surge from $16.1 million reported in Q1 2022.
Financial Statements
