Earnings summaries and quarterly performance for FEDERAL AGRICULTURAL MORTGAGE.
Executive leadership at FEDERAL AGRICULTURAL MORTGAGE.
Bradford Nordholm
Detailed
Chief Executive Officer
CEO
Brian Brinch
Detailed
Executive Vice President – Chief Risk Officer
Geraldine Hayhurst
Detailed
Executive Vice President – Chief Legal Officer and Secretary
Gregory Ramsey
Detailed
Interim Principal Financial Officer
Kerry Willie
Detailed
Senior Vice President – Chief Human Resources Officer
Marc Crady
Detailed
Senior Vice President – Chief Credit Officer
Robert Maines
Detailed
Senior Vice President – Operations
Sean Datcher
Detailed
Senior Vice President – Chief Information Officer
Zachary Carpenter
Detailed
President and Chief Operating Officer
Board of directors at FEDERAL AGRICULTURAL MORTGAGE.
Amy Gales
Detailed
Director
Charles Stones
Detailed
Director
Chester Culver
Detailed
Director
Daniel Shaw
Detailed
Director
Eric McKissack
Detailed
Director
James Engebretsen
Detailed
Director
Jeffrey Plagge
Detailed
Director
Kevin Riel
Detailed
Director
Lajuana Wilcher
Detailed
Board Vice Chair
Lowell Junkins
Detailed
Board Chair
Mitchell Johnson
Detailed
Director
Richard Davidson
Detailed
Director
Robert Sexton
Detailed
Director
Sara Faivre
Detailed
Director
Todd Ware
Detailed
Director
Research analysts who have asked questions during FEDERAL AGRICULTURAL MORTGAGE earnings calls.
Bose George
Keefe, Bruyette & Woods
10 questions for AGM
Also covers: ACT, AGNC, BETR +25 more
Brendan Michael McCarthy
Sidoti & Company, LLC
9 questions for AGM
Also covers: ALEX, BENF, BETR +5 more
William Ryan
Seaport Research Partners
8 questions for AGM
Also covers: ENVA, LC, NAVI
Gary Gordon
Unaffiliated Analyst
4 questions for AGM
Bill Ryan
Seaport Research Partners
2 questions for AGM
Also covers: LC
Recent press releases and 8-K filings for AGM.
Farmer Mac Completes $313.5 Million Agricultural Mortgage-Backed Securitization
AGM
Debt Issuance
New Projects/Investments
- Federal Agricultural Mortgage Corporation (Farmer Mac) completed its seventh agricultural mortgage-backed securitization (AMBS), totaling $313.5 million on December 3, 2025.
- The securitization included a $290.0 million senior tranche guaranteed by Farmer Mac and a $23.5 million unguaranteed subordinate tranche.
- Farmer Mac plans to grow its securitization platform and anticipates introducing a new product next year to support investor demand for agricultural assets.
1 day ago
Farmer Mac Closes $313.5 Million Agricultural Mortgage Securitization
AGM
Debt Issuance
New Projects/Investments
- Federal Agricultural Mortgage Corporation (Farmer Mac) has completed a $313.5 million securitization of agricultural mortgage loans, designated as FARM Series 2025-2.
- The mortgage pool for this securitization consists of 343 agricultural mortgage loans with an aggregate outstanding principal balance of approximately $313.5 million.
- The deal included a $290.0 million senior tranche guaranteed by Farmer Mac and a $23.5 million unguaranteed subordinate tranche.
- This transaction supports Farmer Mac's commitment to grow its securitization platform, enhance the agricultural mortgage-backed securities (AMBS) market, and improve credit accessibility in rural America.
- BofA Securities, Inc. and J.P. Morgan Securities LLC acted as joint bookrunners for the securitization.
1 day ago
Farmer Mac (AGM) Discusses Strong Growth, Diversification, and Financial Performance at 17th Annual Southwest IDEAS Conference
AGM
Revenue Acceleration/Inflection
Dividends
New Projects/Investments
- Federal Agricultural Mortgage Corporation (AGM), known as Farmer Mac, is a mission-oriented government-sponsored enterprise (GSE) with $40 billion in assets and $31 billion in business volume, providing liquidity to the agriculture and infrastructure sectors.
- The company has achieved significant growth, expanding its business volume from $19 billion to $31 billion over the last five years. This growth is fueled by diversification into more accretive areas like corporate agricultural finance, renewable energy, and broadband infrastructure, which have increased the overall net effective spread from 90 basis points to 120 basis points.
- Farmer Mac demonstrates strong financial performance with low double-digit revenue and EPS growth over the past decade, doubling revenue and current earnings in the last five years, and maintaining an average ROE of over 16%. The company has also delivered 14 consecutive years of dividend increases.
- The company maintains robust credit quality, evidenced by an average portfolio loan to value of 47% and only 12 basis points of cumulative losses on agricultural finance loans, supported by a highly diversified portfolio. It also boasts a strong liquidity position with $8 billion in liquidity and $900 million in cash, and has completed $1.8 billion in securitization transactions.
Nov 19, 2025, 3:55 PM
Federal Agricultural Mortgage Corporation (AGM) Discusses Business Growth and Strategy
AGM
Revenue Acceleration/Inflection
Dividends
New Projects/Investments
- Federal Agricultural Mortgage Corporation (AGM), a $40 billion asset organization with $31 billion in business volume, has achieved low double-digit compound annual growth rates in revenue and EPS over the last 10 years and doubled revenue and current earnings over the last five years, with expectations for a strong 2025.
- The company's business volume is divided into two-thirds agricultural finance (including farmland mortgages and corporate ag) and one-third infrastructure finance (power and utilities, renewable energy, and broadband), with significant growth in more accretive areas like corporate ag, renewable energy, and data centers.
- AGM maintains a strong credit profile with an average agricultural mortgage loan to value of 47% and only 12 basis points of cumulative losses over its lifetime.
- The company has delivered 14 consecutive years of dividend increases and an average ROE of over 16% for the past five years, with similar expectations for 2025.
Nov 19, 2025, 3:55 PM
Farmer Mac Reports Record Q3 2025 Results, Announces CEO Succession, and Strengthens Capital
AGM
Earnings
CEO Change
Convertible Preferred Issuance
- Farmer Mac delivered record net effective spread of $97.8 million and core earnings of $49.6 million for the third quarter of 2025, with year-to-date net effective spread and core earnings reaching $281 million and $143 million, respectively.
- The company's total outstanding business volume surpassed $31 billion, reaching $31.1 billion as of quarter-end, driven by significant growth in infrastructure finance, renewable energy, and broadband infrastructure segments.
- CEO Bradford T. Nordholm announced his anticipated retirement in March 2027, with Zach Carpenter named as President and Chief Operating Officer and his successor upon retirement.
- Farmer Mac strengthened its capital base through a successful $100 million Series H preferred stock issuance in August, improving its Tier One capital ratio to 13.9% from 13.6% last quarter.
- Subsequent to quarter-end, the company repurchased approximately 30,000 shares of Class C common stock for a total of about $5 million.
Nov 3, 2025, 9:30 PM
Farmer Mac Reports Record Q3 2025 Results and Announces CEO Succession Plan
AGM
Earnings
CEO Change
Share Buyback
- Farmer Mac achieved record net effective spread of $97.8 million and core earnings of $49.6 million for Q3 2025, with year-to-date figures reaching $281 million and $143 million, respectively.
- Total outstanding business volume surpassed $31 billion, reaching $31.1 billion at quarter-end, driven by significant growth in the infrastructure finance segment, which increased by $600 million to $11 billion, and the renewable energy and broadband infrastructure segments which more than doubled year-over-year to $2.3 billion and $1.3 billion respectively.
- The company strengthened its capital base through a $100 million Series H preferred stock issuance in August, leading to an increase in core capital by $131 million to $1.7 billion and an improvement in the Tier One capital ratio to 13.9%.
- CEO Bradford T. Nordholm announced his anticipated retirement in March 2027, with Zach Carpenter named as his successor, and the company repurchased approximately 30,000 shares of Class C common stock for about $5 million subsequent to quarter-end.
Nov 3, 2025, 9:30 PM
Farmer Mac Reports Q3 2025 Financial Performance and Business Volume
AGM
Earnings
Dividends
- For YTD 2025, Farmer Mac reported Core Earnings of $142,953 thousand and Core Earnings per Diluted Share of $13.03.
- As of September 30, 2025, the company's total outstanding business volume reached $31.1 billion, with a market capitalization of $2 billion.
- Farmer Mac maintained a Core Return on Common Equity of 17% and an Efficiency Ratio of 27% for Q3 2025.
- The quarterly dividend per common share for 2025 is $1.50, marking the 14th consecutive annual increase.
Nov 3, 2025, 9:30 PM
Farmer Mac Reports Record Q3 2025 Financial Results and Announces CEO Succession Plan
AGM
Earnings
CEO Change
Share Buyback
- Farmer Mac delivered record net effective spread of $97.8 million and record core earnings of $49.6 million for the third quarter of 2025.
- The company's total outstanding business volume surpassed $31 billion, reaching $31.1 billion as of quarter-end, driven by significant growth in infrastructure finance, renewable energy, and broadband segments.
- Farmer Mac's core capital increased by $131 million to $1.7 billion as of September 30, 2025, following a successful $100 million Series H preferred stock issuance in August.
- CEO Brad Nordholm announced his anticipated retirement in March 2027, with Zach Carpenter named President and Chief Operating Officer and his successor.
- Subsequent to quarter-end, Farmer Mac repurchased approximately 30,000 shares of Class C common stock for a total of about $5 million.
Nov 3, 2025, 9:30 PM
Federal Agricultural Mortgage Corp Reports Record Q3 2025 Core Earnings and Net Effective Spread
AGM
Earnings
Dividends
- Federal Agricultural Mortgage Corp (Farmer Mac) announced record core earnings of $49.6 million, or $4.52 per diluted common share, for the third quarter of 2025, reflecting 10% growth year-over-year.
- The company achieved a record net effective spread of $97.8 million, an increase of 14% from the prior-year period, with net interest income growing 13% year-over-year to $98.5 million.
- Outstanding Business Volume reached $31.1 billion for the quarter ended September 30, 2025.
- Farmer Mac maintained a strong capital position with total core capital of $1.7 billion, exceeding the statutory requirement by 75%, and a Tier 1 Capital Ratio of 13.9% as of September 30, 2025.
- The company issued $100.0 million of Tier 1 capital through the public offering of 6.500% Series H non-cumulative preferred stock in August 2025.
Nov 3, 2025, 9:09 PM
Farmer Mac Reports Record Q3 2025 Core Earnings and Net Effective Spread
AGM
Earnings
Convertible Preferred Issuance
Revenue Acceleration/Inflection
- Farmer Mac reported record core earnings of $49.6 million, or $4.52 per diluted common share, for the third quarter ended September 30, 2025, reflecting 10% year-over-year growth.
- The company achieved a record net effective spread of $97.8 million, an increase of 14% from the prior-year period, and net interest income grew 13% year-over-year to $98.5 million.
- Outstanding business volume surpassed $31.1 billion for the quarter ended September 30, 2025.
- Farmer Mac maintained a strong capital position with total core capital of $1.7 billion, exceeding the statutory requirement by 75%, and a 13.9% Tier 1 Capital Ratio as of September 30, 2025.
Nov 3, 2025, 9:05 PM
Quarterly earnings call transcripts for FEDERAL AGRICULTURAL MORTGAGE.
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