Horizon Farm Credit’s Third Quarter Results Reflect the Strength of Rural America
Mechanicsburg, PA - Horizon Farm Credit has announced its 2025 third quarter financial results. Net accruing loan volume for the first nine months of 2025 was $7.56 billion, an increase of 7.2% compared to the same 2024 period. Net interest income for the third quarter of 2025 was $52.4 million, a 5.2% increase from the same time period in 2024.
Net income for the quarter was $31.9 million, a 5.9% increase compared to the third quarter of 2024. The favorable impact of the 2025 third quarter results is principally related to loan volume growth across the entire portfolio.
"Every achievement we celebrate begins with our borrowers," said Tom Truitt, Horizon Farm Credit Chief Executive Officer. "They continue to move forward with grit and purpose, and we’re proud to be a partner they can count on. Their strength and success is the foundation of ours."
In the third quarter of 2025, nonaccrual loans increased $10.6 million, reaching $45.6 million. This is an increase of $18.7 million since December 31, 2024, and $16.3 million since September 30, 2024. The Association’s nonaccrual loans as a percentage of total loans increased to 0.60% at the end of the third quarter of 2025, compared to 0.37% at the end of 2024 and 0.41% at the end of the third quarter of 2024.
Members’ equity at September 30, 2025 totaled $1.35 billion, up 7.1% from December 31, 2024. The increase in members' equity was primarily driven by current year's net income and the purchase of stock and participation certificates by new borrower entities.
Total Regulatory Capital Ratio was 15.14 percent as compared with the 10.5 percent 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 usinesses, 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 $7.6 billion in loans outstanding. Learn more at horizonfc.com.