Federal Home Loan Bank of New York
04/23/2026 | Press release | Distributed by Public on 04/23/2026 11:28
FEDERAL HOME LOAN BANK OF NEW YORK ANNOUNCES FIRST QUARTER 2026 OPERATING HIGHLIGHTS (Form 8-K)
FEDERAL HOME LOAN BANK OF NEW YORK
ANNOUNCES FIRST QUARTER 2026 OPERATING HIGHLIGHTS
New York, NY - The Federal Home Loan Bank of New York ("FHLBNY") today released its unaudited financial highlights for the quarter ended March 31, 2026.
"Across the first quarter of 2026, Federal Home Loan Bank of New York members continued to rely on the certainty of our funding to help support their local lending activities," said Randolph C. Snook, president and CEO of the FHLBNY. "Our ability to execute on our foundational liquidity mission also positions our cooperative to serve as a trusted community partner, as we allocated more than $22 million from this quarter's earnings to fund our affordable housing and community development programs."
Highlights from the first quarter of 2026 include:
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Net income for the quarter was $153.9 million, a decrease of $1.8 million, or 1.2%, from net income of $155.7 million for the first quarter of 2025. Net interest income increased by $2.5 million compared with the first quarter of 2025, offset by a decrease in Non-interest income of $2.4 million and an increase in Non-interest expense of $2.0 million. |
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Return on average equity ("ROE") for the quarter was 7.31% (annualized), compared to ROE of 7.16% for the first quarter of 2025. |
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As of March 31, 2026, total assets were $176.7 billion, an increase of $20.2 billion, or 12.9%, from total assets of $156.5 billion at December 31, 2025. As of March 31, 2026, advances (par amount) were $110.5 billion, an increase of $18.0 billion, or 19.5%, from $92.5 billion at December 31, 2025. |
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As of March 31, 2026, total capital was $8.9 billion, an increase of $0.85 billion from total capital of $8.0 billion at December 31, 2025. The FHLBNY's retained earnings increased by $0.1 billion to $2.7 billion as of March 31, 2026, of which $1.3 billion was unrestricted and $1.4 billion was restricted. At March 31, 2026, the FHLBNY was in compliance with its regulatory capital ratios and liquidity requirements. |
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The FHLBNY allocated $22.3 million from its first quarter 2026 earnings to support affordable housing and community development initiatives. This amount consisted of $17.1 million for the FHLBNY's statutory Affordable Housing Program and $5.2 million in voluntary contributions for the FHLBNY's other community support programs. |
The FHLBNY currently expects to file its Form 10-Q for the first quarter of 2026 with the U.S. Securities and Exchange Commission on or about May 7, 2026.
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Selected Balance Sheet Items (dollars in millions) |
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March 31, |
December 31, |
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2026 |
2025 |
Change |
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Advances |
$ | 110,240 | $ | 92,307 | $ | 17,933 | ||||||
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Mortgage loans held for portfolio |
2,689 | 2,644 | 45 | |||||||||
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Mortgage-backed securities |
21,621 | 20,460 | 1,161 | |||||||||
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Liquidity assets |
38,846 | 37,885 | 961 | |||||||||
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Total assets |
$ | 176,665 | $ | 156,545 | $ | 20,120 | ||||||
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Consolidated obligations |
$ | 164,999 | $ | 144,486 | $ | 20,513 | ||||||
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Capital stock |
6,228 | 5,411 | 817 | |||||||||
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Unrestricted retained earnings |
1,306 | 1,286 | 20 | |||||||||
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Restricted retained earnings |
1,359 | 1,329 | 30 | |||||||||
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Accumulated other comprehensive income (loss) |
(33 | ) | (11 | ) | (22 | ) | ||||||
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Total capital |
$ | 8,860 | $ | 8,015 | $ | 845 | ||||||
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Capital-to-assets ratio (GAAP) |
5.02 | % | 5.12 | % | ||||||||
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Capital-to-assets ratio (Regulatory) |
5.04 | % | 5.13 | % | ||||||||
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Operating Results (dollars in millions) |
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Quarter Ended March 31, |
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2026 |
2025 |
Change |
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Total interest income |
$ | 1,625.0 | $ | 1,821.5 | $ | (196.5 | ) | |||||
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Total interest expense |
1,407.5 | 1,606.5 | (199.0 | ) | ||||||||
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Net interest income |
217.5 | 215.0 | 2.5 | |||||||||
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Provision (Reversal) for credit losses |
0.2 | 0.1 | 0.1 | |||||||||
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Net interest income after provision for credit losses |
217.3 | 214.9 | 2.4 | |||||||||
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Non-interest income (loss) |
18.3 | 20.7 | (2.4 | ) | ||||||||
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Non-interest expense |
64.6 | 62.6 | 2.0 | |||||||||
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Affordable Housing Program assessments |
17.1 | 17.3 | (0.2 | ) | ||||||||
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Net income |
$ | 153.9 | $ | 155.7 | $ | (1.8 | ) | |||||
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Return on average equity |
7.31 | % | 7.16 | % | ||||||||
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Return on average assets |
0.37 | % | 0.39 | % | ||||||||
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Net interest margin |
0.53 | % | 0.54 | % | ||||||||
About the Federal Home Loan Bank of New York
The Federal Home Loan Bank of New York is a Congressionally chartered, wholesale Bank. It is part of the Federal Home Loan Bank System, a national wholesale banking network of 11 regional, stockholder-owned banks. As of March 31, 2026, the FHLBNY serves 337 member institutions in New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands. The FHLBNY's mission is to provide members with reliable liquidity in support of housing and local community development.
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Federal Home Loan Bank of New York published this content on April 23, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 23, 2026 at 17:28 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]