The cooperative lender said assets grew to $77.3 billion by June 30, 2026, while member demand for advances and mortgage loan sales supported housing and community investment contributions.
The Federal Home Loan Bank of Boston reported preliminary, unaudited net income of $45.2 million for the second quarter of 2026, down from $47.0 million a year earlier, as lower net interest income after provision for credit losses was only partly offset by reduced discretionary housing and community investment program expenses. The bank said stronger member demand for advances and residential mortgage loan sales through the Mortgage Partnership Finance program supported earnings and helped fund a $5.0 million statutory Affordable Housing Program contribution, a $1.9 million voluntary AHP contribution and $17.4 million for discretionary housing and community investment programs. Net interest income after provision for credit losses fell to $93.3 million from $97.8 million, reflecting lower short-term interest rates and a $2.8 billion decline in average advances, partly offset by increases in average mortgage-backed securities and mortgage loans. Total assets rose to $77.3 billion at June 30, 2026, from $68.8 billion at year-end 2025, while advances increased to $45.0 billion from $38.8 billion and total capital rose to $4.1 billion from $3.8 billion. The bank said it was in compliance with all regulatory capital ratios and was classified as adequately capitalized by its regulator based on the most recent information available as of March 31, 2026. Its board declared a dividend with an annual yield of 6.67%, payable on August 4, 2026, and the bank expects to file its Form 10-Q with the U.S. Securities and Exchange Commission next month.