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AgriBank reported strong financial results for the first quarter of 2024, boasting continued profitability, credit quality, and liquidity and capital. Net income was $211.7 million, with a return on assets of 49 basis points. Total loan portfolio credit quality was at 99.5%, exceeding regulatory requirements. Net interest income increased by 5.6% to $235.6 million. Non-interest income rose by 7.5% to $28.6 million, mainly due to increased mineral income. Non-interest expense increased by 13.4% to $51.5 million. The loan portfolio grew to $149.3 billion, with a focus on wholesale loan growth. AgriBank's credit quality remained strong, with 99.5% of loans classified as acceptable. Despite a forecasted decline in farm income for 2024, the farm sector balance sheet remains robust. AgriBank's capital stood at $8.5 billion, exceeding regulatory requirements.