# Federal Home Loan Bank of Des Moines Reports $200 Million Third Quarter Profit and $194 Million Dividend

> FHLB Des Moines reported $200 million in third quarter net income and approved a $194 million dividend payable November 10.

- Published: 2026-10-23T15:22:44+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-23/fhlb-des-moines-third-quarter-dividend
- Source: [GlobeNewswire](https://www.globenewswire.com/news-release/2026/10/23/3387474/3898/en/federal-home-loan-bank-of-des-moines-announces-third-quarter-2026-financial-results-declares-dividend.html)

## Key takeaways

- FHLB Des Moines reported third quarter 2026 net income of $200 million, down from $259 million a year earlier.
- The board approved a dividend of $194 million payable November 10, 2026, at an annualized rate of 9.95% on average activity-based stock.
- Advances totaled $136.1 billion at September 30, 2026, up from $110.2 billion at December 31, 2025.

The [Federal Home Loan Bank of Des Moines](https://akta.pro/company-profiles/0008kbc/federal-home-loan-bank-of-des-moines) reported third quarter 2026 net income of $200 million and declared a dividend of $194 million payable November 10, 2026, [GlobeNewswire](https://www.globenewswire.com/news-release/2026/10/23/3387474/3898/en/federal-home-loan-bank-of-des-moines-announces-third-quarter-2026-financial-results-declares-dividend.html) said on October 23, 2026. The bank is a member-owned cooperative that provides wholesale funding and liquidity to more than 1,200 financial institutions across 13 states and three U.S. Pacific territories.

## FHLB Des Moines' Third Quarter Earnings

Net income of $200 million for the three months ended September 30, 2026 compared with $259 million for the same period in 2025, the bank said. Net income for the nine months ended September 30, 2026 was $687 million, compared with $658 million a year earlier.

Net interest income was $314 million for the quarter, a decrease of $21 million from the same period in 2025, and $978 million for the nine months, an increase of $106 million. The bank said the quarterly decline was primarily due to a change in interest rates and a related decrease in market value adjustments on its fair value hedge relationships, offset in part by advance, mortgage-backed security and mortgage loan portfolio growth.

Advances totaled $136.1 billion at September 30, 2026, mortgage loans held for portfolio, net totaled $16.0 billion, and letters of credit totaled $21.1 billion. Total assets increased to $217.4 billion from $186.5 billion at December 31, 2025, driven primarily by an increase in advances, which rose $25.9 billion due mainly to increased borrowings by certain depository institution and insurance company members.

"The Bank's earnings remained robust during the first nine months of 2026 as a result of members' continued usage of the Bank's core liquidity products," said Wil Osborn, president and chief executive officer. "We continue to leverage our earnings by partnering with our members in contributing to impactful affordable housing and community investment initiatives."

The board approved a third quarter dividend at an annualized rate of 9.95% on average activity-based stock and 6.95% on average membership stock, unchanged from the prior quarter. The bank accrued statutory Affordable Housing Program assessments of $23 million for the quarter and $77 million for the nine months, and recorded $54 million and $109 million in voluntary housing and community contributions.

## FHLB Des Moines' Housing and Collateral Moves

According to akta.pro [company records](https://akta.pro/company-data), FHLB Des Moines announced a planned voluntary contribution of more than $200 million in 2026 to advance affordable housing and community development, a one-time increase above the 10% statutory minimum. The bank partnered with Wolters Kluwer in April 2026 to accept digital Commercial Real Estate, Ag Real Estate, multifamily, HELOC and other electronic assets as pledged collateral via the eOriginal eAsset Management Platform.

## FHLB Des Moines' Second Quarter and Collateral Steps

FHLB Des Moines reported second quarter 2026 net income of $251 million, up from $194 million in the same period of 2025, driven by growth in its advance portfolio, GlobeNewswire said in July 2026. In June 2026, the bank said it would accept VantageScore 4.0 credit scores for mortgage collateral, enabling its 1,200 member banks and institutions to score an additional 4 million consumers within its footprint, Globalfintechseries said.

## FHLB Des Moines' Form 10-Q Filing

The financial results reported in the earnings release are preliminary until the bank announces unaudited financial results in its Third Quarter 2026 Form 10-Q filed with the Securities and Exchange Commission, expected to be available next month.

## Companies in this story

- [Federal Home Loan Bank of Des Moines company profile](https://akta.pro/company-profiles/0008kbc/federal-home-loan-bank-of-des-moines) · website: http://fhlbdm.com

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