Operating Results for the First Quarter of 2026
Net interest income for the first quarter of 2026 was $205 million, a decrease of $2 million, compared to net interest income of $207 million for the same period in 2025.
Net income for the first quarter of 2026 was $142 million, a decrease of $1 million, compared to net income of $143 million for the same period in 2025.
During the first quarter of 2026, the Bank continued to meet members' liquidity needs. Average advance balances were $105.3 billion, an increase of $8.2 billion, compared to average advance balances of $97.1 billion for the same period in 2025.
The net yield on the Bank's interest-earning assets for the first quarter of 2026 was 51 basis points, compared to 56 basis points for the same period in 2025. Many of the Bank's assets and liabilities are indexed to the Secured Overnight Financing Rate (SOFR). The average daily SOFR during the first quarter of 2026 was 3.66 percent compared to 4.33 percent for the same period in 2025.
The Bank's first quarter 2026 performance resulted in an annualized return on average equity (ROE) of 6.30 percent as compared to 6.82 percent for the same period in 2025. The decrease in ROE was primarily due to an increase in average total capital during the first quarter of 2026, compared to the same period in 2025.
Financial Condition Highlights
Total assets were $154.1 billion as of March 31, 2026, an increase of $7.9 billion from December 31, 2025.
Advances outstanding were $95.9 billion as of March 31, 2026, an increase of $930 million from December 31, 2025.
Total capital was $8.7 billion as of March 31, 2026, an increase of $107 million from December 31, 2025. Retained earnings were $3.0 billion as of March 31, 2026, an increase of $48 million compared to December 31, 2025.
As of March 31, 2026, the Bank was in compliance with all applicable regulatory capital and liquidity requirements.
Reliable Source of Liquidity
During the first quarter of 2026, the Bank originated a total of $110.0 billion of advances, thereby providing significant liquidity to its members to support lending and other activities in their communities. The Bank is proud to continue to execute on its mission to be a reliable source of liquidity and funding for its members, while remaining adequately capitalized.
Commitment to Affordable Housing Program (AHP) and Community Development
The Bank commits 10 percent of its income before assessments to support the affordable housing and community development needs of communities served by its members as required by law, which amounted to $67 million available for funding in 2026. As of March 31, 2026, the Bank has accrued $16 million to its statutory AHP pool of funds that will be available to the Bank's members in 2027 for funding of eligible projects.
The Bank has committed to voluntarily contribute, at a minimum, an additional five percent of its prior year's annual income subject to assessment and prior year's voluntary contributions to support affordable housing and community development needs through its members. For 2026, the Bank authorized $45 million in voluntary contributions consisting of $14 million in voluntary AHP contributions and $31 million in voluntary non-AHP contributions. These amounts are anticipated to be expensed during 2026.
Since the inception of its AHP in 1990, the Bank has awarded more than $1.3 billion in AHP funds, assisting more than 189,000 households.
Dividends
On April 23, 2026, the board of directors of the Bank approved a quarterly cash dividend at an annualized rate of 6.40 percent.
"As we started 2026, the Bank focused on our mission and provided significant liquidity to members while also introducing impactful housing programs to expand affordable housing supply and promote homeownership," said FHLBank Atlanta Chair of the Board, Thornwell Dunlap. "As a result of solid financial performance, we are pleased to provide a strong dividend to members."
The dividend payout will be calculated based on members' capital stock held during the first quarter of 2026 and will be credited to members' daily investment accounts at the close of business on April 28, 2026.
Federal Home Loan Bank of AtlantaFinancial Highlights(Preliminary and unaudited)(Dollars in millions)
Statements of Condition
As of March 31, 2026
As of December 31, 2025
Advances
$
95,908
$
94,978
Investments
56,939
50,049
