Federal Agricultural Mortgage Corp

Federal Agricultural Mortgage Corp. is a stockholder-owned, federally chartered corporation. engages in the provision of a secondary market for agricultural real estate and rural housing mortgage loans, rural utilities loans, and loans guaranteed by the United States Department of Agriculture. It combines private capital and public sponsorship to serve a public purpose. The firm operates through the following segments: Farm & Ranch, Corporate AgFinance, Rural Utilities, Renewable Energy, Funding, Investments, and Corporate. The company was founded in 1987 and is headquartered in Washington, DC.

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Federal Agricultural Mortgage Corp. is a stockholder-owned, federally chartered corporation, which engages in the provision of a secondary market for agricultural real estate and rural housing mortgage loans, rural utilities loans, and loans guaranteed by the United States Department of Agriculture. It combines private capital and public sponsorship to serve a public purpose. The firm operates through the following segments: Farm & Ranch, Corporate AgFinance, Rural Utilities, Renewable Energy, Funding, Investments, and Corporate. The company was founded in 1987 and is headquartered in Washington, DC.

Federal Agricultural

WASHINGTON , April 22, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter ended March 31, 2024, on Monday, May 6, 2024, before the opening of equity markets. A conference call to discuss the results will be held that day at 8:30 a.m.

Farmer Mac to Announce First Quarter 2024 Financial Results

Federal Agricultural Mortgage Corporation has seen a 17% return since initial coverage, surpassing the S&P 500's return. AGM recently raised its dividend by 27%. Over the last decade, the dividend has increased at a CAGR in the double digits. AGM operates in agricultural financing and rural infrastructure finance. Both of these segments saw YoY growth to fuel earnings.

Farmer Mac: Ultra Safe Dividend Growth With Double Digit Upside Potential

WASHINGTON , April 2, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, announced today that it has completed a $308.1 million securitization of agricultural mortgage loans. This is Farmer Mac's fourth transaction in the FARM series since 2021.

Farmer Mac Closes $308.1 Million Securitization of Agricultural Mortgage-Backed Securities (AMBS)

WASHINGTON , Feb. 9, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter and year ended December 31, 2023, on Friday, February 23, 2024, before the opening of equity markets.

Farmer Mac to Announce Fourth Quarter and Full Year 2023 Financial Results

Farmer Mac is a safe earnings growth machine, with a 79% increase in operating EPS over four years. Despite its low P/E ratio, Farmer Mac is valued higher than top-notch companies like Toll Brothers and Apple according to the dividend discount model.  Why?  Because. I estimate that Farmer Mac's "normal" dividend for DDM valuation purposes is around $10 per share.

Farmer Mac: An Academic's Case For Higher Value

- Outstanding Business Volume of $27.7 Billion - WASHINGTON , Nov. 6, 2023 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced its results for the fiscal quarter ended September 30, 2023. Third Quarter 2023 Highlights Provided $2.3 billion in liquidity and lending capacity to lenders serving rural America Net interest income grew 29% year-over-year to $87.6 million Net effective spread1 increased 27% from the prior-year period to a record $83.4 million Net income attributable to common stockholders was $51.3 million, compared to $34.6 million in the same period last year Record core earnings1 of $45.2 million, or $4.13 per diluted common share, reflecting 35% growth year-over-year Maintained strong capital position with total core capital of $1.4 billion, exceeding statutory requirement by 69% and a Tier 1 Capital Ratio of 16% as of September 30, 2023 1 Non-GAAP Measure "We delivered another strong quarter, our sixth consecutive quarter of record earnings, seventh consecutive quarter of record net effective spread, and our tenth consecutive quarter of business volume growth.

Farmer Mac Reports Third Quarter 2023 Results

Federal Agricultural Mortgage Corporation (Farmer Mac) provides loans to farmers, agriculture-related businesses, and rural infrastructure projects, backed by the Federal Government. The company has a strong dividend growth history and even though it currently yields less than bonds, its stock has outperformed the bond market significantly in the past 10 years. Farmer Mac benefits from the increasing usage of advanced technology in the agricultural industry and the growth of renewable energy generation on farmland.

Farmer Mac: A Lot To Like About It

WASHINGTON , Oct. 23, 2023 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter ended September 30, 2023, on Monday, November 6, 2023, after the closing of equity markets. A conference call to discuss the results will be held that day at 4:30 p.m.

Farmer Mac to Announce Third Quarter 2023 Financial Results

Farmer Mac has generated a total return of 131% over the past four years, double the S&P 500 return. Q2 earnings for Farmer Mac increased by 24% compared to the previous year, with stable interest margins and strong credit quality. The company has growth opportunities in renewable energy, a competitive advantage to drive market share growth, and excess capital that can be used for dividend growth.

Farmer Mac: This 'Hold Forever' Stock Keeps Purring

Federal Agricultural Mortgage Corporation has a strong track record with low loan losses and a stable income stream. The company has seen consistent growth, with a compound annual growth rate of 10% in outstanding business volume from 2000 to 2022, and a 7% CAGR during the pandemic. Farmer Mac's federal charter gives it a competitive edge, enabling it to navigate interest rate risks and maintain low loan default losses. It also benefits from farm subsidy programs.

Farmer Mac: Solid Fundamentals Supported By Well-Covered Dividend

Farmer Mac has outstanding loan loss rates. Furthermore, the federal government's support of agricultural businesses also mitigates potential loan losses. The company just posted a record-breaking Q1 and has a long growth runway.

Farmer Mac: A Safe, Dividend Growth Play With A Long Growth Runway

In the past year, the Federal Agricultural Mortgage Corporation has experienced better price growth than both the S&P 500 and the agricultural producer ETF. This reflects YoY 22.92% revenue growth, to $524.45mn, alongside a 30.90% growth in net income to $178.14mn.

Farmer Mac: Favorable Macro Tailwinds For Renewal Of The Rural Economy

- Outstanding Business Volume of $26.5 Billion - WASHINGTON , May 9, 2023 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced its results for the fiscal quarter ended March 31, 2023. "We delivered another strong quarter, with new all-time records achieved for revenue, earnings, and net effective spread," said President and CEO, Brad Nordholm.

Farmer Mac Reports First Quarter 2023 Results

WASHINGTON , April 25, 2023 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter ended March 31, 2023, on Tuesday, May 9, 2023, after the closing of equity markets. A conference call to discuss the results will be held that day at 4:30 p.m.

Farmer Mac to Announce First Quarter 2023 Financial Results

The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, announced today that it has completed a $283.6 million securitization of agricultural mortgage loans.

Farmer Mac Closes $283.6 Million Securitization of Agricultural Mortgage-Backed Securities (AMBS)

WASHINGTON , Feb. 9, 2023 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter and year ended December 31, 2022, on Friday, February 24, 2023, before the opening of equity markets. A conference call to discuss the results will be held that day at 8:30 a.m.

Farmer Mac to Announce Fourth Quarter and Full Year 2022 Financial Results

WASHINGTON , Feb. 8, 2023 /PRNewswire/ -- Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it has won a 2023 Top Workplaces USA national award, the respected employer recognition program that celebrates organizations across the country that have built exceptional workplace cultures. Top Workplaces USA award recipients are determined by the results of an anonymous, research-based employee survey conducted by an independent firm.

Farmer Mac Wins Top Workplaces USA Award

WASHINGTON , Oct. 26, 2022 /PRNewswire/ -- Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affordability of credit for the benefit of rural America, today announced that it has earned four Culture Excellence awards issued by Energage, a research company that conducts the national Top Workplaces recognition program. The awards were determined by the results of an employee survey conducted by Energage that measured engagement across multiple categories.

Farmer Mac Wins Four National Top Workplaces Culture Excellence Awards

WASHINGTON , Oct. 24, 2022 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affordability of credit for the benefit of rural America, today announced that it will release its financial results for the fiscal quarter ended September 30, 2022, on Monday, November 7, 2022, after the closing of equity markets. A conference call to discuss the results will be held that day at 4:30 p.m.

Farmer Mac to Announce Third Quarter 2022 Financial Results

WASHINGTON , Aug. 11, 2022 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), a stockholder-owned, federally chartered corporation that provides a secondary market for a variety of loans made to borrowers in rural America with the intent of increasing the availability and affordability of credit for the benefit of rural America, announced today that it has completed a $301.1 million securitization of agricultural mortgage loans.  "We are proud to announce the closing of the second transaction in the FARM Series, FARM 2022-1 agricultural mortgage-backed securitization (AMBS)," said President & Chief Executive Officer, Brad Nordholm.

Farmer Mac Closes $301.1 Million Securitization of Agricultural Mortgage-Backed Securities (AMBS)

- Outstanding Business Volume of $24.5 Billion - WASHINGTON , Aug. 8, 2022 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affordability of credit for the benefit of rural America, today announced its results for the fiscal quarter ended June 30, 2022. Second Quarter 2022 Highlights Added $1.9 billion of gross business volume, resulting in net growth of $236.0 million Net interest income grew $14.3 million year-over-year to $69.4 million Net effective spread1 increased 8% from the prior-year period to $60.9 million Net income attributable to common stockholders of $39.1 million compared to $25.4 million in second quarter 2021 Core earnings1 grew 3% year-over-year to $30.7 million, or $2.83 per diluted common share 90-day delinquencies were 0.08% across the entire $24.5 billion portfolio as of June 30, 2022 "Farmer Mac delivered another quarter of strong results, generating record core earnings and demonstrating the consistency of our fundamental business model as we continue to successfully execute against our multi-year growth plan," said President & Chief Executive Officer, Brad Nordholm.

Farmer Mac Reports Second Quarter 2022 Results

WASHINGTON , July 25, 2022 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affordability of credit for the benefit of rural America, today announced that it will release its financial results for the fiscal quarter ended June 30, 2022, on Monday, August 8, 2022, after the closing of equity markets.  A conference call to discuss the results will be held that day at 4:30 p.m.

Farmer Mac to Announce Second Quarter 2022 Financial Results

WASHINGTON , April 4, 2022 /PRNewswire/ -- Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affordability of credit for the benefit of rural America, today announced that the President of the United States has designated Lowell L. Junkins of Montrose, Iowa as Chair of the company's board of directors, effective March 30, 2022.

Farmer Mac Announces Lowell L. Junkins as Board Chair

Federal Agricultural Mortgage Corp (AGM) CEO Bradford Nordholm on Q4 2021 Results - Earnings Call Transcript

WASHINGTON, Feb. 14, 2022 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affordability of credit for the benefit of rural America, today announced that it will release its financial results for the fiscal quarter and year ended December 31, 2021, on Monday, February 28, 2022, after the closing of equity markets. A conference call to discuss the results will be held that day at 4:30 p.m.

News for Federal Agricultural Mortgage Corp Stock (AGM-A)