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Agribank FCB - AGRIP STOCK NEWS

Welcome to our dedicated news page for Agribank FCB (Ticker: AGRIP), a resource for investors and traders seeking the latest updates and insights on Agribank FCB.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Agribank FCB's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Agribank FCB's position in the market.

Rhea-AI Summary
AgriBank reports strong financial performance for 2023 with robust net income, credit quality, and liquidity. Net income stood at $873.3 million, with a return on assets ratio above target. Loan portfolio credit quality remained high at 99.4%. Liquidity was well above regulatory requirements, and capital exceeded minimums. AgriBank's financial success led to over $864 million returned to lenders. Despite a decline in non-interest income, total loans grew by 11.4% to $148.7 billion.
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AgriBank (AGBK) pays final quarterly cash dividend of $1.7188 per share on its 6.875 percent non-cumulative perpetual series A preferred stock and announces redemption of the preferred stock. AgriBank issued $250 million of preferred stock on Oct. 29, 2013, to provide the Bank and the 15-state Farm Credit District it serves with long-term access to high-quality capital, helping ensure the District is well-positioned to meet the long-term growth and credit needs of farmer and rancher customers.
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AgriBank (Ticker: AGBK) to Redeem All Series A Non-Cumulative Perpetual Preferred Stock on January 1, 2024
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AgriBank (AB) announced strong financial results for Q3 2023, with net income of $646.4 million, a 16.2% increase in net interest income, and a 7.2% increase in total loans. Credit quality remained high, with 99.4% of loans classified as acceptable. Despite a decrease in non-interest income, AgriBank's liquidity and capital position exceeded regulatory requirements.
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AgriBank paid a quarterly cash dividend of $1.7188 per share on its preferred stock.
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Agribank FCB

OTC:AGRIP

AGRIP Rankings

AGRIP Stock Data

46.82B
1.81%
41.72%
All Other Nondepository Credit Intermediation
Finance and Insurance
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Saint Paul