Horizon Farm Credit Announces 2025 Second Quarter Financial Results
Mechanicsburg, PA -Horizon Farm Credit has announced its 2025 second quarter financial results. Net accruing loan volume for the first six months of 2025 was $7.5 billion, an increase of 10.2% compared to the same 2024 period. Net interest income for the second quarter of 2025 was $50.8 million, a 7.2% increase from the same period in 2024. Net income for the quarter was $27.7 million, a 20.7% decrease compared to the second quarter of 2024. The unfavorable impact of the 2025 second quarter results is principally related to an increased provision for credit losses and increased bank expenses related to technological advancements and servicing.
In the second quarter of 2025, nonaccrual loans increased $2.8 million, reaching $35.0 million. This is an increase of $8.1 million since December 31, 2024, and $9.5 million higher than the $25.6 million recorded on June 30, 2024. The Association’s nonaccrual loans as a percentage of total loans increased to 0.46% at the end of the second quarter of 2025 compared to 0.37% at the end of 2024 and 0.37% at the end of the second quarter of 2024.
“Our mission has always been to support rural communities and agriculture, and we remain financially strong and well-positioned to serve agriculture for generations to come,” said Tom Truitt, CEO of Horizon Farm Credit. “The continued growth in our loan volume reflects the hard work of our customers and their trust in us. We’re proud to have returned over $72 million in patronage this year, a testament to the cooperative model and our commitment to our members’ success.”
Members’ equity at June 30, 2025 totaled $1.32 billion, up 4.6% from December 31, 2024. Total Regulatory Capital Ratio was 15.11% as compared with the 10.5% minimum mandated by the Farm Credit Administration, the Association’s independent regulator. The Association paid a cash patronage distribution of $72.3 million to its member-borrowers in 2025.
For more information about the financial results and Horizon Farm Credit, visit horizonfc.com.
About Horizon Farm Credit
Horizon Farm Credit is a member-owned agricultural lending cooperative, providing consistent and reliable financing and related services to full- and part-time farmers, agricultural-related businesses, and rural landowners. The Association serves 100 counties across Delaware, Pennsylvania, and parts of Maryland, Virginia, and West Virginia. The Association has more than 23,000 members and over $7.5 billion in loans outstanding. Learn more at horizonfc.com.