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First Quarter Stockholder Report Confirms a Sound Start to 2017
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The report shows steady growth in suport of the 2017 business plan.


First Quarter Stockholder Report Confirms a Sound Start to 2017


 

GreenStone Farm Credit Services recently released its first quarter stockholder report​, ​detailing earnings of $38.0 million for the three months ended March 31, 2017. Comparatively, net income was $34.0 million for the same period last year. Owned and managed loan volume totaled $8.0 billion at March 31, 2017.

“Despite market challenges, GreenStone is off to a solid start this year,” said Travis Jones, GreenStone’s chief financial officer. “Our credit quality and revenue remain stable. As a result, we expect the year to show steady growth in support of our 2017 business plan.”

Other numbers of note from this quarter’s stockholder report include:

  • Operating expenses remained well-controlled as our efficiency ratio was 35.1 percent.
  • Acceptable loan credit quality remained stable at 95.3 percent.
  • The total capital ratio was 16.3 percent.