Texas Farm Credit is a story of progress- year after year. In 2019, we generated strong earnings, opened new offices and continued to accelerate our investment in borrower-focused services and technology. And while we expanded our operations, we continued to focus on efficiency, diversification and responsible fiscal management in order to add value for our customers.
In short, the association increased its revenues, but held overhead constant. When Texas Farm Credit does well financially, our members benefit. That's an important reason for doing business with a customer-owned lending cooperative. Strong performance allows us to return more to you in the form of patronage payments.
