FHLBank Pittsburgh Announces Third Quarter 2025 Operating Highlights

PITTSBURGH--(BUSINESS WIRE)--Oct 23, 2025--

The Federal Home Loan Bank of Pittsburgh (FHLBank) announced today unaudited financial results for the third quarter and nine months ended September 30, 2025.

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Financial Highlights:

Credit Product Balances:

Community Product Assessment and Contributions:

Statements of Income

FHLBank’s net income totaled $97.1 million for the third quarter of 2025, compared to $134.4 million for the third quarter of 2024. The $37.3 million decrease in net income was driven primarily by the following:

FHLBank’s net income totaled $328.9 million for the nine months ended September 30, 2025, compared to $437.6 million for the same prior-year period. The $108.7 million decrease in net income was driven primarily by the following:

Statements of Condition

At September 30, 2025, total assets were $77.9 billion, compared with $106.9 billion at December 31, 2024. The decrease was primarily due to a decline in advances, which totaled $42.2 billion at September 30, 2025, compared to $69.9 billion at year-end 2024. Demand for advances continues to be driven by members’ liquidity management practices, which are influenced by their loan demand, deposit balances and investment activities. Although advances decreased, it is not uncommon for fluctuations in advances to be driven by changes in member needs.

Total capital at September 30, 2025, was $4.7 billion, compared to $5.6 billion at December 31, 2024, including retained earnings of $2.2 billion at September 30, 2025, compared to $2.1 billion at December 31, 2024. At September 30, 2025, FHLBank remained in compliance with all regulatory capital requirements.

Quarterly Dividends

The Board of Directors declared a dividend on subclass B1 (membership) stock equal to an annual yield of 4.85% and a dividend on subclass B2 (activity) stock equal to an annual yield of 9.50%. These dividends will be calculated on stockholders’ average balances during the period July 1, 2025, to September 30, 2025, and be credited to stockholders’ accounts on October 24, 2025.

Looking forward, market and business conditions can impact FHLBank’s overall performance, as well as the levels of future dividends. FHLBank’s intent is to continue to provide meaningful shareholder return; future dividend rates may not correspond directly with the pace or direction of interest rate changes.

Detailed financial information about the third quarter and nine months ended September 30, 2025, financial results will be available in FHLBank’s Quarterly Report on Form 10-Q, which FHLBank anticipates filing no later than November 12, 2025.

About FHLBank Pittsburgh

FHLBank Pittsburgh provides reliable funding and liquidity to its member financial institutions, which include commercial and savings banks, community development financial institutions, credit unions and insurance companies in Delaware, Pennsylvania and West Virginia. FHLBank products and resources help support community lending, housing and economic development. As one of 11 Federal Home Loan Banks established by Congress, FHLBank has been an integral and reliable part of the financial system since 1932. Learn more by visiting www.fhlb-pgh.com.

This document contains “forward-looking statements” - that is, statements related to future, not past, events. In this context, forward-looking statements often address FHLBank’s expected future business and financial performance, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain and involve risk.

Actual performance or events may differ materially from that expected or implied in forward-looking statements because of many factors. Such factors may include, but are not limited to, economic and market conditions including but not limited to real estate, credit and mortgage markets; volatility of market prices, rates and indices related to financial instruments including but not limited to investments and contracts; the occurrence of man-made or natural disasters, endemics, global pandemics, climate change, conflicts or terrorist attacks, or other geopolitical events; political events, including legislative, regulatory, litigation, or judicial events or actions, including those relating to environmental, social, and governance matters; risks related to mortgage-backed securities; changes in the assumptions used to estimate credit losses; changes in FHLBank’s capital structure; changes in FHLBank’s capital requirements; changes in expectations regarding FHLBank’s payment of dividends; membership changes; changes in the demand by FHLBank members for FHLBank advances; an increase in advance prepayments; competitive forces, including the availability of other sources of funding for FHLBank members; changes in investor demand for consolidated obligations and/or the terms of interest rate exchange agreements and similar agreements; disruptions in the capital markets; changes in the Federal Home Loan Bank System’s debt rating or FHLBank’s rating; the ability of FHLBank to introduce new products and services to meet market demand and to manage successfully the risks associated with new products and services; the ability of each of the other Federal Home Loan Banks to repay the principal and interest on consolidated obligations for which it is the primary obligor and with respect to which FHLBank has joint and several liability; applicable FHLBank policy requirements for retained earnings and the ratio of the market value of equity to par value of capital stock; FHLBank’s ability to maintain adequate capital levels (including meeting applicable regulatory capital requirements); business and capital plan adjustments and amendments; technology and cybersecurity risks; and timing and volume of market activity. Additional risks that might cause FHLBank’s results to differ from these forward-looking statements are provided in detail in FHLBank’s filings with the Securities and Exchange Commission, which are available at www.sec.gov. Forward-looking statements speak only as of the date made and FHLBank has no obligation, and does not undertake publicly, to update or revise any forward-looking statement for any reason.

 

The table presents the annualized dividend rate paid over eight quarters, including the dividend to be paid October 24, 2025; these dividends are based on stockholders' average balances for the previous quarter. Note: "Fed Funds rate" refer to the average effective federal funds rate during the period in which the dividend rates were calculated.

DODOMA, Tanzania (AP) — Tanzania’s president has, for the first time since the disputed October election, commented on a six-day internet shutdown as the country went through its worst postelection violence.

President Samia Suluhu Hassan on Thursday expressed “sympathy” to diplomats and foreign nationals living in the country, saying the government would strive to ensure there is never a repeat of the same.

Hassan won the October election with more than 97% of the vote after candidates from the two main opposition parties were barred from running and the country’s main opposition leader remained in prison facing treason charges.

Violence broke out on election day and went on for days as the internet was shut down amid a heavy police crackdown that left hundreds of people dead, according to rights groups.

Hassan blamed the violence on foreigners and pardoned hundreds of young people who had been arrested, saying they were acting under peer pressure.

Speaking to ambassadors, high commissioners and representatives of international organizations on Thursday in the capital, Dodoma, she sought to reassure envoys of their safety, saying the government would remain vigilant to prevent a repeat of the disruption.

“To our partners in the diplomatic community and foreigners residing here in Tanzania, I express my sincere sympathy for the uncertainty, service restrictions and internet shutdowns you experienced,” she said.

Hassan defended her administration, saying the measures were taken to preserve constitutional order and protect citizens.

“I assure you that we will remain vigilant to ensure your safety and prevent any recurrence of such experiences,” the president told diplomats on Thursday.

Tanzania has, since the October elections, established a commission of inquiry to look into the violence that left hundreds dead and property worth millions of shillings destroyed in a country that has enjoyed relative calm for decades.

Foreign observers said the election failed to meet democratic standards because key opposition figures were barred.

FILE - Tanzania's President Samia Suluhu Hassan delivers remarks during a campaign rally ahead of the general elections in Iringa, Tanzania, Oct. 5, 2025. (AP Photo, File)