FHLB Cincinnati Announces First Quarter 2019 Results
April 23, 2019
The Federal Home Loan Bank of Cincinnati (the FHLB) today released unaudited financial results for the first quarter ended March 31, 2019. The FHLB expects to file its first quarter 2019 Form 10-Q with the Securities and Exchange Commission on or about May 9, 2019.
For the first quarter, net income was $73 million and return on average equity (ROE) was 5.59 percent. This compares to net income of $83 million and ROE of 6.23 percent for the same period of 2018.
The lower net income and ROE resulted mostly from higher non-interest losses due to decreases in the fair values of certain derivatives and other financial instruments carried at fair value.