Press Releases

Farm Credit East Reports Strong Financial Results

Farm Credit East posted strong financial results for the six month period ending June 30, 2019. Net income was $96.2 million for the six months ending June 30, 2019, an increase of $5.4 million (5.9 percent) as compared with the same period in 2018. Our strong earnings primarily reflect higher net interest income offset by lower noninterest income and slightly higher operating expenses.

View the second quarter financial results here.

  • Patronage Dividends

    As owners of their financial cooperative, Farm Credit East customers have the opportunity to share in the financial success of the cooperative through patronage dividends.

    In 2019, Farm Credit East distributed a record $65 million in cash patronage dividends to more than 11,400 farm, fishing and forestry business owners and operators across Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York and Rhode Island. This distribution was in addition to a one-time $15 million special patronage dividend paid to customer-owners in October 2018 based on the first six month of 2018 earnings.