Federal Agricultural

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.

Earnings data Q1 2023

Earnings data Q2 2023

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All these stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 8.1% and a median increase of 6.8%.

37 Upcoming Dividend Increases, Including 2 Dividend Kings

Farmer Mac's stock has been on a tear over the last six months, bringing it near my $175 price target. But there is a strong case for Farmer Mac as a Forever Hold because of its federal government charter and farmer subsidies.

Farmer Mac: The Case For A Forever Hold

Federal Agricultural Mortgage Corporation (NYSE:AGM ) Q4 2022 Earnings Conference Call February 24, 2023 8:30 AM ET Company Participants Jalpa Nazareth - Director, IR and Finance Strategy Brad Nordholm - President and Chief Executive Officer Aparna Ramesh - Executive Vice President and Chief Financial Officer Zach Carpenter - Executive Vice President and Chief Business Officer Conference Call Participants William Ryan - Seaport Research Partners Gary Gordon - Private Investor Brendan McCarthy - Sidoti DeForest Hinman - Private Investor Operator Good day, and welcome to the Farmer Mac Fourth Quarter and Full Year 2022 Earnings Conference Call. All participants will be in listen-only mode.

Federal Agricultural Mortgage Corporation (AGM) Q4 2022 Earnings Call Transcript

- Announces 16% Dividend Increase - - Outstanding Business Volume of $25.9 Billion - WASHINGTON , Feb. 24, 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 and year ended December 31, 2022. "Farmer Mac finished 2022 with record financial results because of the solid execution across our growing organization of the strategic initiatives we have put in place over the last several years to build a more diversified business platform," said President and Chief Executive Officer Brad Nordholm.

Farmer Mac Reports 2022 Results

Federal Agricultural Mortgage Corp

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

Farmer Mac's stable and safe EPS growth has gained a lot of ground versus "disruptor" stocks. A quick review of Farmer Mac's low risks - credit, interest rate and financial leverage.

Buy Farmer Mac: This Tortoise Keeps Beating The Hares

WASHINGTON , Nov. 9, 2022 /PRNewswire/ -- The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a fourth quarter dividend of $0.95 per share for each of Farmer Mac's three classes of common stock – Class A Voting Common Stock (NYSE: AGM.A), Class B Voting Common Stock (not listed on any exchange), and Class C Non-Voting Common Stock (NYSE: AGM).  The quarterly dividend will be payable on December 30, 2022 to holders of record of common stock as of December 15, 2022.

Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock

Farmer Mac is a chartered firm that offers loans at below-market interest rates for rural infrastructure and agricultural mortgages in the U.S. It has attractive top and bottom lines, primarily due to the demand for cheap credit and the resilient farm economy.

Federal Agricultural Mortgage Corporation: A Highly Levered Consistent Dividend Payer

Federal Agricultural Mortgage Corporation (NYSE:AGM ) Q3 2022 Earnings Conference Call November 7, 2022 4:30 PM ET Company Participants Jalpa Nazareth - Director, IR and Finance Strategy Brad Nordholm - President and CEO Aparna Ramesh - CFO Zach Carpenter - EVP and Chief Business Officer Conference Call Participants Marla Backer - Sidoti Operator Good day, and welcome to the Farmer Mac Third Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode.

Federal Agricultural Mortgage Corporation (AGM) Q3 2022 Earnings Call Transcript

- Outstanding Business Volume of $25.3 Billion - WASHINGTON , Nov. 7, 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 September 30, 2022. "I'm pleased to report another quarter of outstanding results, building upon the solid financial results we delivered in the first half of the year," said President and Chief Executive Officer Brad Nordholm.

Farmer Mac Reports Third Quarter 2022 Results

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

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The U.S. Department of Agriculture (USDA) announced on Sept. 14 that it would invest up to $2.8 billion in 70 smart-farming initiatives selected as part of the Partnerships for Climate-Smart Commodities.

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Federal Agricultural Mortgage Corporation (NYSE:AGM ) Q2 2022 Earnings Conference Call August 8, 2022 4:30 PM ET Company Participants Jalpa Nazareth - Director, IR and Finance Strategy Brad Nordholm - President and CEO Aparna Ramesh - CFO Zach Carpenter - EVP and Chief Business Officer Conference Call Participants Sloane Ortel - Invest Vegan Operator Good afternoon, and welcome to the Farmer Mac Second Quarter 2022 Earnings Conference Call. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions.

Federal Agricultural Mortgage Corporation (AGM) CEO Brad Nordholm on Q2 2022 Results - Earnings Call Transcript

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)

Credit quality remains pristine. Another quarter of no losses. None since 2017! Despite Fed funds swings, Farmer Mac's interest margin also remained stable in Q2.

Farmer Mac: Buy This Low-Valued Stock; Stronger EPS Growth Ahead As Its Deleveraging Ends

- 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

Federal Agricultural Mortgage has in excess of $25B in assets but keeps the loan losses exceptionally low. The common shares offer exposure to increasing earnings and dividends.

Federal Agricultural Mortgage: Almost 6% Yielding Preferreds Offer Interesting Risk/Reward

WASHINGTON , May 20, 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, announced today that former Iowa Governor Chester J. Culver, of West Des Moines, Iowa, was confirmed by the United States Senate to serve on the company's board of directors on May 18, 2022.

Farmer Mac Announces the Honorable Chester J. Culver as New Presidentially Appointed Director

Farmer Mac has been trading like a bank. But it has far less credit risk than a bank.

News for Federal Agricultural Stock (AGM)