News about FHLBank Pittsburgh

FHLBank Pittsburgh reported third-quarter 2026 net income of $134.7 million, up $37.6 million from the prior-year quarter, driven mainly by an $18.2 million rise in net interest income to $163.2 million and higher noninterest income from changes in the value of its economic derivative portfolio. It declared a third-quarter dividend of 9.75% annualized on activity stock and 5.75% on membership stock. Advances stood at $87.0 billion, mortgage loans held for portfolio at $5.7 billion and standby letters of credit at $30.6 billion. For the nine months, net income was $326.4 million, roughly flat versus $328.9 million a year earlier. The bank also made a $15.0 million statutory Affordable Housing Program assessment and $7.5 million in voluntary community contributions for the quarter.