Financials and Capital

Financials and Capital

FHLBank Pittsburgh is a cooperative in which customers purchase stock to become members and to support their activity with us.

Financial Performance

Want to know more about FHLBank Pittsburgh's performance? View our earnings releases and quarterly member conference call materials below. For FHLBank System information, visit the FHLBanks Office of Finance website.

Earnings Releases

Member Quarterly Call Presentations

Miss a quarterly member conference call? View the call presentation below.

Financial Reporting

View our annual, quarterly and select 8-K filings with the U.S. Securities and Exchange Commission below, along with annual stress test results. The electronic files accessible from this page are in eXtensible Business Reporting Language (XBRL), which was developed specifically for business and financial reporting. (To download the Interactive Data Viewer to read XBRL files, please visit the U.S. Securities and Exchange Commission website.) 

Annual

Quarterly

1st Quarter 10-Q View Web Page      
2nd Quarter 10-Q View Web Page      
3rd Quarter 10-Q View Web Page

1st Quarter 10-Q View Web Page      
2nd Quarter 10-Q View Web Page      
3rd Quarter 10-Q View Web Page

Selected 8-K

10-23 - 8-K Filing, Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits View Web Page      
10-10 - 8-K Filing, Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits View Web Page      
4-24 - 8-K Filing, Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits View Web Page      
2-20 - 8-K Filing, Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits View Web Page      
7-24 - 8-K Filing, Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits View Web Page

12/17 - 8-K Filing, Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers View Web Page      
11/15 - 8-K Filing, Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers View Web Page      
10/29 - 8-K Filing, Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits View Web Page      
10/15 - 8-K Filing, Other Events View Web Page      
8/20 - 8-K Filing, Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Regulation FD Disclosure; Financial Statements and Exhibits View Web Page      
8/16 - 8-K Filing, Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers View Web Page      
7/30 - 8-K Filing, Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits View Web Page      
7/25 - 8-K Filing, Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits View Web Page      
6/26 - 8-K Filing, Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Regulation FD Disclosure; Financial Statements and Exhibits View Web Page      
5/23 - 8-K Filing, Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers View Web Page      
5/3 - 8-K Filing, Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers View Web Page      
4/30 - 8-K Filing, Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits View Web Page      
4/25 - 8-K Filing, Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits View Web Page      
2/22 - 8-K Filing, Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits View Web Page

Capital Structure

FHLBank Pittsburgh’s capital structure primarily consists of retained earnings and member-contributed capital stock. FHLBank capitalizes itself with membership stock and activity stock. Membership stock is required as a condition of membership whether a member has any activity with FHLBank or not. Activity stock is purchased by members to support their activity with FHLBank. As our current practice is to repurchase excess capital stock from members regularly, the level of activity stock members hold fluctuates as their activity level changes. Scalability – the ability to grow and shrink with business needs – helps us to optimize financial returns in all business cycles.

Interested in FHLBank System Information?

For FHLBank System reporting, visit the FHLBanks Office of Finance website.

Office of Finance website

Capital Plan

In 2014, FHLBank Pittsburgh’s amended Capital Plan became effective, creating two subclasses of capital stock to facilitate different dividends between the subclasses, widening the requirement ranges for activity stock and reducing the membership stock requirement.

View Current Capital Plan

Dividend Philosophy

Because product usage is the main driver of FHLBank Pittsburgh’s earnings and financial success, we believe users of the cooperative should be rewarded with higher dividends than non-users.

Dividend History

Beginning in 2015, the Board of Directors differentiated the dividends on activity stock and membership stock.

View Dividend History

Credit Ratings

The FHLBank System and FHLBank Pittsburgh have been assigned Aa1/Stable Outlook and AA+/Stable Outlook credit ratings by Moody’s and S&P, respectively. These ratings were reviewed on May 19, 2025 (Moody’s) and July 17, 2025 (S&P).*

*The credit ratings shown above are the respective opinions of each rating agency as of the date referenced. FHLBank Pittsburgh does not warrant the accuracy, timeliness, adequacy or fitness for any particular purpose of such ratings.

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Users of the cooperative derive the most value from their membership

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