What changed
Net interest income for the third quarter of 2026 was $183 million, down $29 million from $212 million in the same period of 2025, driven by lower interest rates and a decrease in average advance balances. Net income was $126 million, a decrease of $29 million compared to $155 million a year earlier. Average advance balances were $95.2 billion, down $7.6 billion, and the net yield on interest-earning assets was 47 basis points versus 53 basis points. Total assets were $166.7 billion as of September 30, 2026, an increase of $20.5 billion from December 31, 2025, and advances outstanding were $105.2 billion, up $10.2 billion.
Why it matters
Net interest income for the third quarter of 2026 was $183 million, down $29 million from $212 million in the same period of 2025, driven by lower interest rates and a decrease in average advance bala