Federal Home Loan Bank Of Atlanta (FHLBAT) |
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Market Capitalization (Millions $) |
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Outstanding (Millions) |
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Employees |
314 |
Revenues (TTM) (Millions $) |
894 |
Net Income (TTM) (Millions $) |
649 |
Cash Flow (TTM) (Millions $) |
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Capital Exp. (TTM) (Millions $) |
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Federal Home Loan Bank Of Atlanta
The Bank is a federally chartered corporation that was organized in 1932 and
is one of 11 district FHLBanks. The FHLBanks, along with the Finance Agency
and the Office of Finance, comprise the FHLBank System. The FHLBanks are U.S.
government-sponsored enterprises (GSEs) organized under the authority of the
FHLBank Act. Each FHLBank operates as a separate entity within a defined geographic
district and has its own management, employees, and board of directors. The
Banks defined geographic district includes Alabama, Florida, Georgia, Maryland,
North Carolina, South Carolina, Virginia, and the District of Columbia.
The Bank is a cooperative owned by member institutions that are required to
purchase capital stock in the Bank as a condition of membership. Federally insured
depository institutions, insurance companies, and community development financial
institutions (CDFIs) located in the Banks defined geographic district and engaged
in residential housing finance are eligible to apply for membership. The Banks
capital stock is not publicly traded and is owned entirely by current or former
members and certain non-members that own the Banks capital stock as a result
of a merger or acquisition of a Bank member.
The primary function of the Bank is to provide readily available, competitively
priced funding to these member institutions. The Bank serves the public by providing
its member institutions with a source of liquidity, thereby enhancing the availability
of credit for residential mortgages and targeted community developments.
The Banks primary source of funds is proceeds from the sale of FHLBank debt
instruments to the public. These debt instruments, known as “consolidated
obligations,” are the joint and several obligations of all the FHLBanks.
The Office of Finance, a joint office of the FHLBanks, facilitates the issuance
and servicing of the FHLBanks debt instruments and prepares the combined quarterly
and annual financial reports of the FHLBanks.
Deposits, other borrowings, and the issuance of capital stock provide additional
funds to the Bank. The Bank accepts deposits from both member and eligible non-member
financial institutions and federal instrumentalities. The Bank also provides
members and certain non-members with correspondent banking services such as
cash management and other services, as discussed below.
The Bank is exempt from ordinary federal, state, and local taxation, except
real property taxes. It does not have any subsidiaries nor does it sponsor any
off-balance sheet special purpose entities.
With the passage of the Housing and Economic Recovery Act of 2008 (Housing Act),
the Finance Agency was established as the independent regulator of the FHLBanks
effective July 30, 2008. Pursuant to the Housing Act, all regulations, orders,
determinations, and resolutions that were issued, made, prescribed, or allowed
to become effective by the former Federal Housing Finance Board (Finance Board)
have and will remain in effect until modified, terminated, set aside, or superseded
by the Finance Agency Director, any court of competent jurisdiction, or operation
of law. The Finance Agencys stated mission with respect to the FHLBanks is to
provide effective supervision, regulation, and housing mission oversight of the
FHLBanks in order to promote their safety and soundness, support housing finance
and affordable housing, and support a stable and liquid mortgage market.
The Banks products and services include the following:
Credit Products;
Community Investment Services; and
Cash Management and Other Services.
Mortgage Loan Purchase Programs
The Bank’s mortgage loan purchase programs provide members an alternative
to holding mortgage loans in a portfolio or selling them into the secondary
market. Prior to 2008, the Bank purchased loans directly from member participating
financial institutions (PFIs) through the Mortgage Partnership Finance®
Program (MPF® Program), a program developed by FHLBank Chicago and the Mortgage
Purchase Program (MPP), a program separately established by the Bank. The Bank
ceased directly purchasing new mortgage assets under these mortgage programs
in 2008. However, the Bank continues to support its existing MPP and MPF Program
mortgage loan portfolios. In 2014, the Bank renewed its participation in the
MPF Program. The Bank now offers MPF Program products, MPF Xtra, MPF Direct,
and MPF Government MBS, through which the Bank facilitates third parties purchases
of PFI loans rather than holding such loans as Bank assets.
MPF Program
The Bank has from time to time offered various products to members through
the MPF Program. FHLBank Chicago, as the MPF provider, is responsible for providing
transaction processing services, as well as developing and maintaining the underwriting
criteria and program servicing guide. The Bank pays FHLBank Chicago a fee for
providing these services. Conventional loans purchased from PFIs under the MPF
Program are subject to varying levels of loss allocation and credit enhancement
structures. Federal Housing Administration (FHA)-insured and Department of Veterans
Affairs (VA)-guaranteed loans are not subject to the credit enhancement obligations
applicable to conventional loans under the MPF Program. The PFI may retain the
right and responsibility for servicing the loans or sell the servicing rights,
and the PFI may be required to repurchase a loan in the event of a breach of
eligibility requirement or other warranty.
Company Address: 1475 Peachtree Street, NE Atlanta 30309 GA
Company Phone Number: 888-8000 Stock Exchange / Ticker: FHLBAT
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Stock Performances by Major Competitors |
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Oportun Financial Corporation
Oportun Financial Corporation recently released its financial results for the fourth quarter of 2023, showcasing a combination of positive and negative outcomes. While the company experienced a significant increase in its net shortfall per share and a decline in revenue compared to the previous quarter, operating earnings rose substantially. This article aims to interpret the key financial results, shedding light on both the challenges and successes faced by Oportun Financial Corporation during this period. Financial Highlights: 1. Widening Shortfall per Share: In the fourth quarter of 2023, Oportun Financial Corporation saw a significant increase in its net shortfall per share, amounting to $-0.95, compared to $-0.24 in the same quarter a year earlier. This represents a four-fold increase in losses per share over the given period. Sequentially, the company's net shortfall per share increased from $-0.55. As a result, investors may be concerned about the declining profitability of the corporation.
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Consumer Portfolio Services Inc
Interpreting the Financial Results of Consumer Portfolio Services Inc: A Case of EPS Decline Despite Revenue Elevation LAS VEGAS, NV, March 15, 2024 - Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (CPS or the Company) recently announced its financial results for the fourth quarter of the 2023 earnings season. While the company witnessed a significant increase in revenue, it also faced a decline in earnings per share (EPS). During the fourth quarter of 2023, EPS plummeted by -46.95% to $0.31 per share, contrasting the previous reporting season where EPS stood at $0.41 per share. Conversely, revenue experienced noteworthy growth of 10.789%, amounting to $91.98 million compared to $92.08 million in the corresponding reporting season a year earlier.
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Loandepot Inc
Investors in the financial services industry have been closely monitoring the recent performance of Loandepot Inc, a leading provider of home lending solutions. In the October to December 31 2023 financial span, the company reported a significant surge in revenue by 29.653% to $264.09 million compared to the same period last year. This achievement has surpassed industry contemporaries, as the Miscellaneous Financial Services sector reported a 14.67% revenue rise in the same period. Despite the impressive revenue growth, Loandepot Inc has reported a net deficit of $-59.770 million for this quarter and a per share loss of $-0.14. However, the company has managed to reduce its shortfall per share from the prior fiscal year to $-0.63.
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Sphere 3d Corp
Sphere 3D Corp Reports Surge in Revenue, but Continues to Struggle with Deficit In the recent year-end report released on December 31, 2023, Sphere 3D Corp, a leading Miscellaneous Financial Services company, announced a significant increase in revenue. The company reported a surge of 26.543% to $7.69 million compared to the same reporting season a year ago. However, despite the growth in revenue, Sphere 3D Corp also revealed an increased deficit per share at $-0.72 per share. This sequential increase in deficit from $-0.50 per share and the substantial revenue surge of 34.347% from $5.72 million have raised concerns among investors. Sphere 3D Corp reported a net deficit of $-8.771 million for the financial time-frame ending December 31, 2023. This is a significant improvement from the deficit of $-192.912 million in the corresponding reporting season a year ago. Moreover, the company indicated a shortfall of $-23.33 million and a revenue projection of $21.91 million for the financial period of 2023.
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Core Scientific Inc
Core Scientific Inc, a leading player in the miscellaneous financial services industry, recently released its financial results for the October to December 31, 2023 period. The company showed significant improvement as it reached break-even of $0.00 per share, compared to a loss of $0.63 per share during the same period last year and a loss of $0.11 per share in the preceding reporting season. Furthermore, Core Scientific Inc reported a net deficit of $0.000 million during this period, a substantial improvement from a deficit of $434.847 million in the comparable reporting season a year ago. This shows that the company has been able to control its expenses and reduce its losses significantly.
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Company Estimates |
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• Revenue Outlook
Federal Home Loan Bank Of Atlanta does not provide revenue guidance.
• Earnings Outlook
Federal Home Loan Bank Of Atlanta does not provide earnings estimates.
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