FHLBank Boston Announces 2026 First Quarter Results and Dividend

First Quarter 2026 Operating Highlights

• Net income was $44.3 million for the three months ended March 31, 2026, a decrease from $57.0 million for the first quarter of 2025 primarily due to a decrease in net interest income and other income and a faster initial pace of spending on discretionary housing and community investment programs.
• Net interest income was $85.7 million in the first quarter of 2026, compared to $92.8 million for the first quarter of 2025, primarily driven by significantly lower short-term interest rates, an $8.3 billion decline in average advances, and a $160.8 million decline in average capital.
• Net interest spread was 0.28% during the first quarter of 2026, an increase of six basis points from the first quarter of 2025.
• A total of $8.9 million was set aside for the Affordable Housing Program, which includes a $4.9 million statutory assessment and a $4.0 million voluntary contribution during the quarter.
• $6.6 million was contributed to the Bank's discretionary housing and community investment programs.

March 31, 2026 Financial Condition Highlights

• Total assets increased to $71.4 billion at March 31, 2026, up from $68.8 billion at year-end 2025.
• Advances totaled $40.5 billion at the end of the quarter, an increase from $38.8 billion at the end of 2025.
• Total capital was $3.9 billion, an increase from $3.8 billion at year-end 2025, primarily attributable to the increase in advances.
• As of March 31, 2026, the Bank was in compliance with all regulatory capital ratios.
• The Bank is classified as "adequately capitalized" by its regulator, based on the most recent information available as of December 31, 2025.

Dividend

• A dividend equal to an annual yield of 6.71% was declared by the Bank's board of directors. The dividend, based on average stock outstanding for the first quarter of 2026, will be paid on May 4, 2026. Future dividend declarations remain at the discretion of the board of directors.

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