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.

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Farmer Mac reports record earnings, eyes renewable energy growth

Farmer Mac had a strong year in 2022, achieving record revenue and earnings, supported by strategic initiatives and disciplined asset management.
While facing challenges such as rising operating expenses, the company maintained a strong credit profile and increased shareholder value through dividend growth.
Opportunities lie in expanding the renewable energy lending portfolio, adding to the employee base, and further penetrating the market with securitization offerings.

Farmer Mac reports record Q1 earnings, eyes diversification opportunities

Farmer Mac's Q1 2023 earnings call showcased robust financial performance, strategic initiatives, and resilience in the face of economic headwinds. Despite challenges in operating expenses and flat Agricultural Finance volume, the company remains well-positioned for growth and continued shareholder value creation.

Farmer Mac reports record Q2 earnings, eyes renewable energy growth

Farmer Mac reported strong Q2 results with record core earnings and business volume, showcasing operational excellence and growth potential. The company's focus on renewable energy projects and strategic initiatives position it for future success.
While facing challenges in cost management, market sensitivity, and recruitment, Farmer Mac's proactive approach to technology upgrades and portfolio monitoring mitigates risks. Opportunities in renewable energy financing, securitization, and market positioning offer avenues for sustained growth and value creation.
Overall, Farmer Mac's performance highlights financial strength, operational resilience, and strategic foresight. The company's commitment to American agriculture, shareholder value, and market opportunities underpin its position as a key player in the agricultural finance sector.

Farmer Mac reports record earnings and eyes renewable energy growth

Farmer Mac delivered strong financial performance in Q3, marked by record earnings and robust business volume growth. The company's strategic management of funding sources and credit profile strength position it well for future opportunities.
While facing challenges such as higher operating expenses and interest rates, Farmer Mac's focus on innovation and growth initiatives presents avenues for continued success. Opportunities in renewable energy and wholesale financing further enhance the company's growth prospects.
Overall, Farmer Mac remains optimistic about the future, supported by solid market conditions and a positive outlook for 2024. The company's emphasis on disciplined execution and revenue generation underscores its commitment to sustainable growth.

Farmer Mac reports robust 2023 performance, eyes growth opportunities

Farmer Mac had a successful year in 2023 with double-digit earnings growth, record net effective spread, and substantial business volume growth. The company demonstrated strong financial performance, maintained credit quality, and exceeded regulatory capital requirements. Despite challenges such as operating expenses and potential prepayment risks, Farmer Mac remains optimistic about its future outlook and is focused on innovation and efficiency.
The company's strengths lie in its financial performance, dividend growth, strong credit profile, and strategic investments in technology and infrastructure. Opportunities for growth include continued Farm securitization, enhanced loan purchase activity, and expansion in renewable loans. Challenges include managing operating expenses, prepayment risks, and potential declines in farm income and land values.

Farmer Mac reports robust earnings growth amidst market challenges

Overall, Farmer Mac demonstrated solid financial performance and resilience in Q1 2024.
While facing challenges from rising expenses and market interest rates, the company maintained strong fundamentals.
Strategic focus on capital strength, liquidity, and growth opportunities positions Farmer Mac well for the future.

Farmer Mac reports robust Q2 results, eyes renewable energy growth

Farmer Mac's Q2 performance showcased growth in new business, revenue, and core earnings, despite challenges with credit expenses. The company's strong capital base, efficient expense management, and focus on renewable energy present promising opportunities for future growth.

Federal Agricultural excels in Q3, eyes market transformation opportunities

Federal Agricultural's Q3 2024 earnings call highlighted strong financial performance, operational efficiency improvements, and strategic investments in core infrastructure. Despite potential challenges from market uncertainties, the company's focus on growth in new segments and innovative products positions it well for the future.

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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.

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

Federal Agricultural Mortgage Corp

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.

The 7 Best Agriculture Stocks to Buy Now

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.

Farmer Mac: A Perfect Stock For Turbulent Times, Cheap Low Risk Growth

The Federal Agricultural Mortgage Corporation (NYSE:AGM ) Q1 2022 Results Conference Call May 9, 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 Marc Crady - SVP and Chief Credit Officer Conference Call Participants Marla Backer - Sidoti Jalpa Nazareth Good afternoon, and thank you for joining us for our First Quarter 2022 Earnings Conference Call. I'm Jalpa Nazareth, Director of Investor Relations and Finance Strategy here at Farmer Mac.

The Federal Agricultural Mortgage Corporation (AGM) CEO Brad Nordholm on Q1 2022 Results - Earnings Call Transcript

- Outstanding Business Volume of $24.2 Billion - WASHINGTON , May 9, 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 March 31, 2022. First Quarter 2022 Highlights Added $3.0 billion of gross business volume, resulting in net growth of $628.9 million Net interest income grew $8.6 million year-over-year to $61.9 million Net effective spread1 increased 7% from the prior-year period to $57.8 million and remained 0.97% of the overall portfolio Net income of $41.0 million compared to $28.0 million in first quarter 2021 Core earnings1 of $25.8 million, or $2.37 per diluted common share On March 30, 2022, the President of the United States designated Lowell L.

Farmer Mac Reports First Quarter 2022 Results

WASHINGTON , April 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 March 31, 2022, on Monday, May 9, 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 First 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 has a congressional mandate to offer a secondary market for agricultural loans.

Federal Agricultural Mortgage Corp: A Low-Risk 3.3% Dividend With A Sub-40% Payout Ratio

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

WASHINGTON, Feb. 28, 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 and year ended December 31, 2021. Full Year 2021 and Recent Highlights Net income of $107.6 million compared to $89.2 million in 2020, reflecting a 20% year-over-year increase Core earnings (a non-GAAP measure) increased 13% to $113.6 million from $100.6 million in the same period last year On August 18, 2021, completed strategic acquisition that expanded the internal loan servicing function and acquired the loan servicing rights for a sizeable portion of our Farm & Ranch loan and USDA Guaranteed Securities portfolios On October 14, 2021, closed on a newly-designed structured securitization transaction involving approximately $300 million of agricultural mortgage loans  On February 23, 2022, Farmer Mac's Board of Directors raised the quarterly dividend on common stock by 8% to $0.95 per share, the eleventh consecutive annual increase "Farmer Mac finished 2021 with record financial results, capping off another milestone year for the company," said Brad Nordholm, President & Chief Executive Officer.

Farmer Mac Reports 2021 Results

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.

Farmer Mac to Announce Fourth Quarter and Full Year 2021 Financial Results

Farmer Mac and mortgage insurer MGIC have traded almost perfectly in line with regional banks, but they differ from banks in several ways. They have less interest rate risk. They have less competitive risk. And they have lower valuations.

Farmer Mac And MGIC Trade Like Banks But They're Better Than Banks, Buy Them

Q3 earnings gave further evidence that Farmer Mac is a safe and stable 8-10% grower.

Farmer Mac: The Machine Kept On Humming During Q3. Still A Good Stock After A Big 2021 Run

Federal Agricultural Mortgage Corporation (AGM) CEO Brad Nordholm on Q3 2021 Results - Earnings Call Transcript

News for Federal Agricultural Stock (AGM)